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Would you keep it?

Beefnot

Beefnot

TUG Member
Joined
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Messages
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Location
Los Angeles, CA
I just completed a purchase of a silver Shadow Ridge from one of the prolific timeshare resale companies on eBay. It was listed as a floating wks 20 - 35. From what I had studied, it seemed unusual since his float overlapped gold and platinum weeks. However when they forwarded the estoppel letter, it also showed that. I was skeptical, but since it cost me a dollar and a quarter, I figured what the heck. Now it has become clear that it really is a true silver 28-35 which I had suspected anyway.

I went back to the closing company and they basically said they we could either keep the timeshare or deed it back and they refund my dollar. Seeing as it was only dollar and no closing costs had been charged, would you keep it or sweep it?
 
If that week is not exactly what you were looking for, let it go. During maintenance fee season, which is now, you can probably find a true gold unit at SR for next to nothing.
 
Beefnot,

Honestly, I'd let them take it back. I think I remember that you bought it partly as a trading property, and I would encourage you to pay a little more and get a Gold Shadow Ridge, or a Platinum Willow Ridge, etc as I think you'll see stronger trading value and (one day) better ability to resell it whereas the Silver Shadow Ridge wouldn't have those advantages.

If you do want to visit Shadow Ridge in the summer, it's an easy trade with a non-Marriott and GetAways and rentals are pretty accessible too.

Good luck and let us know what you end up doing!

Best,

Greg
 
If you can travel on short notice, this week will be fine during flexchange using the Marriott preference (specially after DC). But for regular trades, I don't think you will get enough power even for a trade to a low demand week.
 
Let them take it back. I paid $26 for my Gold 2 BR L/O Shadow Ridge and the MF's are the same as your silver. Get a gold or platinum, they will be better traders.
 
I would give it back. You can usually get an summer Getaway week in the desert from Interval for a whole lot less than the annual MF's you would be taking on into perpetuity.

If you bought it to use as a trader, I still think you should give it back. As others have posted, you can get a better season, with better trading power, for not much more money.
 
Beefnot said:
I just completed a purchase of a silver Shadow Ridge from one of the prolific timeshare resale companies on eBay. It was listed as a floating wks 20 - 35. From what I had studied, it seemed unusual since his float overlapped gold and platinum weeks. However when they forwarded the estoppel letter, it also showed that. I was skeptical, but since it cost me a dollar and a quarter, I figured what the heck. Now it has become clear that it really is a true silver 28-35 which I had suspected anyway.

I went back to the closing company and they basically said they we could either keep the timeshare or deed it back and they refund my dollar. Seeing as it was only dollar and no closing costs had been charged, would you keep it or sweep it?
Click to expand...




I think if you're asking the question then it's time to cut bait and bail while you still can :cheer:




.
 
Beefnot said:
I just completed a purchase of a silver Shadow Ridge from one of the prolific timeshare resale companies on eBay. It was listed as a floating wks 20 - 35. From what I had studied, it seemed unusual since his float overlapped gold and platinum weeks. However when they forwarded the estoppel letter, it also showed that. I was skeptical, but since it cost me a dollar and a quarter, I figured what the heck. Now it has become clear that it really is a true silver 28-35 which I had suspected anyway.

I went back to the closing company and they basically said they we could either keep the timeshare or deed it back and they refund my dollar. Seeing as it was only dollar and no closing costs had been charged, would you keep it or sweep it?
Click to expand...

They were not honest to start with in the listing... Give it back.
 
Shadow Ridge Summer Week

Newbie here, apologize if I'm in the wrong place. Similar question as OP, bought a Shadow Ridge summer week on ebay, first purchase, been three months in escrow and still waiting on owners. Can I cancel escrow and move on to a better week or am I stuck as long as they want to take to complete the process? Would appreciate any feedback.
 
webwino said:
Newbie here, apologize if I'm in the wrong place. Similar question as OP, bought a Shadow Ridge summer week on ebay, first purchase, been three months in escrow and still waiting on owners. Can I cancel escrow and move on to a better week or am I stuck as long as they want to take to complete the process? Would appreciate any feedback.
Click to expand...



I would think if you've already turned over your money into an escrow account then you're committed to buy, however you may be wise in consulting a Real Estate Attorney.

Best of luck and keep us posted.





.
 
Let them take it back. I agree with the other posters in that it is too expensive a week for its trading power.

Ingrid
 
webwino said:
Newbie here, apologize if I'm in the wrong place. Similar question as OP, bought a Shadow Ridge summer week on ebay, first purchase, been three months in escrow and still waiting on owners. Can I cancel escrow and move on to a better week or am I stuck as long as they want to take to complete the process? Would appreciate any feedback.
Click to expand...

I'd try to get out of it, contact the seller. First, 3 months is a long time. Second, get a Gold or Platinum week.

Watching ebay, I see that they are giving away silver weeks and paying all of the closing costs. There is a reason for that.

Who is the closing company?
 
slow escrow

thanks for the response, the escrow is Timeshare Closing Services.
 
Silver weeks (I happen to own one at MGO) are not particularly good traders unless you either trade for something else off season or as previously stated; use Flexchange with the Marriott preference. If you didn't get exactly what you wanted I also suggest that you recind the contract. These days you can probably get a decent Gold season somewhere for the same cost or less. That will usually trade better than a silver season.
 
Thanks everyone for the perspectives. I'm going to pursue the deedback to the seller option. I just realized that this may be complicated. I was so gung ho that i had locked off the studio over labor day week (wk 35) for $80 and was going to wait until the closing company sorted out the weeks with Marriott so I could book the 1 br over memorial day week. So I will need to discuss with the seller. Either way, I am planning to ditch the silver now.
 
I have returned the notarized documents and the Closing company has agreed to refund the notary fees as well. I should get everything transferred out of my name in the next few weeks. I don't think I am going to buy anything else for the time being, as I am really stunned by these II getaways.
 
Beefnot said:
I have returned the notarized documents and the Closing company has agreed to refund the notary fees as well. I should get everything transferred out of my name in the next few weeks. I don't think I am going to buy anything else for the time being, as I am really stunned by these II getaways.
Click to expand...

The Getaways are great but you will need to own something or you won't have access to them. Once you give up the Shadow Ridge unit they will probably cancel your membership unless you have another property that can trade with Interval.
 
I actually bought another timeshare too at the same time, a free cheapie MF 2br plat in Orlando. I was regretting that purchase, but now it may be all I need for the time being. I did develop a fondness for Marriott, although my fondness for saving money may keep me from taking another Marriott plunge for a hot minute.
 
Update: It is finally transferred. Instead of a straight deedback, the seller sold it to another buyer on eBay, so I had to wait while the closing company used the power of atty to complete the escrow process. The closing was very communicative, and was never really difficult to deal with.
 
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