Timeshare reviews

I did not buy from a developer and I bought way below value. It's a very nice 2 bedroom 2 bath in Orlando with a very desirable week. I'm only looking to break even and haven't even had a response. Buyers do not want to register their names to veiw listings. They are concerned with the junk e-mail? Two weeks ago I listed it with another site that does not require the buyer to register and have had 3 responses. I expect to sell it this week. I would highly recommend not SELLING through redweek. It may work fine for renters. But buyers don't want to register to search listings. If anyone would like to know the site I used feel free to contact me. And JAYJAY, please do not respond.

thomas, first time buyers can see your week for sale on Redweek, they just can't get your personal email address to contact you unless they join Redweek.

Just wanted you to know ....... :o)

thomasp107 wrote:

I did not buy from a developer and I bought way below value. It's a very nice 2 bedroom 2 bath in Orlando with a very desirable week. I'm only looking to break even and haven't even had a response. Buyers do not want to register their names to veiw listings. They are concerned with the junk e-mail? Two weeks ago I listed it with another site that does not require the buyer to register and have had 3 responses. I expect to sell it this week. I would highly recommend not SELLING through redweek. It may work fine for renters. But buyers don't want to register to search listings. If anyone would like to know the site I used feel free to contact me. And JAYJAY, please do not respond.

thomasp107 wrote:

I did not buy from a developer and I bought way below value. It's a very nice 2 bedroom 2 bath in Orlando with a very desirable week. I'm only looking to break even and haven't even had a response. Buyers do not want to register their names to veiw listings. They are concerned with the junk e-mail? Two weeks ago I listed it with another site that does not require the buyer to register and have had 3 responses. I expect to sell it this week. I would highly recommend not SELLING through redweek. It may work fine for renters. But buyers don't want to register to search listings. If anyone would like to know the site I used feel free to contact me. And JAYJAY, please do not respond.

Hi Thomas,

Anyone registering with RedWeek.com won't receive junk email. We send out a monthly newsletter to everyone but even that can be shut off if they don't want to receive it. Everyone can manage their email subscriptions through their "Your Account" page. If the potential buyer doesn't even register with the website there isn't a lot of help that the website can give you if a problem arises.

We are glad that you are getting some responses for your resale no matter where it is. It's a tough market for the Orlando area since there is so much inventory there.

Thanks, Marty

as all the above replies have stated "where" and "what" time period is imperitive in reselling a timeshare. i've had mine on the market since last year but have made more money in renting them--so much so--that if the price isn't right for me to sell i will simply continune to rent them. the villas that i own are at the westin, st. john and i have received many inquiries thorough redweek. all my weeks are rented for this season. i will not even be using one myself. i haven't gotten many responces from myrestort and probably won't renew my subscription. hope that helps you. donna

thomasp107 wrote:

I did not buy from a developer and I bought way below value. It's a very nice 2 bedroom 2 bath in Orlando with a very desirable week. I'm only looking to break even and haven't even had a response. Buyers do not want to register their names to veiw listings. They are concerned with the junk e-mail? Two weeks ago I listed it with another site that does not require the buyer to register and have had 3 responses. I expect to sell it this week. I would highly recommend not SELLING through redweek. It may work fine for renters. But buyers don't want to register to search listings. If anyone would like to know the site I used feel free to contact me. And JAYJAY, please do not respond.

thomasp107 wrote:

I did not buy from a developer and I bought way below value. It's a very nice 2 bedroom 2 bath in Orlando with a very desirable week. I'm only looking to break even and haven't even had a response. Buyers do not want to register their names to veiw listings. They are concerned with the junk e-mail? Two weeks ago I listed it with another site that does not require the buyer to register and have had 3 responses. I expect to sell it this week. I would highly recommend not SELLING through redweek. It may work fine for renters. But buyers don't want to register to search listings. If anyone would like to know the site I used feel free to contact me. And JAYJAY, please do not respond.

Hi Thomas,

Would you please share with me the website you used to list your timeshare for sale? Your message said to feel free to contact you. Thank you very much!

Josephs66

thomasp107 wrote:

Since paying redweek.com the annual fee and registering my timeshare I have not received 1 response. I would assume that many of the testimonials regarding redweek's effectiveness are fake. My timeshare is in a great resort and is very fairly priced. What's up?

I have to agree , this site is poorly organized , it's is a shame too , this site has so much potential , they need to get someone in who has a clue about the internet .

robertr269 wrote:

thomasp107 wrote:

Since paying redweek.com the annual fee and registering my timeshare I have not received 1 response. I would assume that many of the testimonials regarding redweek's effectiveness are fake. My timeshare is in a great resort and is very fairly priced. What's up?

I have to agree , this site is poorly organized , it's is a shame too , this site has so much potential , they need to get someone in who has a clue about the internet .

Hi Robert,

If you have any suggestions on how we can improve please let us know. Please start a new topic since this topic is about timeshare reviews or e-mail suggestions

Thanks, Marty

WOW! I had no idea that there were so many unhappy time share owners. I have never had any problem banking my unused weeks and points at RCI. I sometimes have a problem USING them later on when they are getting ready to expire, but I am starting to plan a head and book early. I bought the time share originally so I (and my now deceased work-a-holic husband)would be forced to take a vaccation each year; I need it, you need it and when I die my kids will need it as well. Paid for vaccations (time share weeks or points) that only require the yearly maintainence fees are a deal in my book. Am I being naive?

DKelley

dianakelley wrote:

WOW! I had no idea that there were so many unhappy time share owners. I have never had any problem banking my unused weeks and points at RCI. I sometimes have a problem USING them later on when they are getting ready to expire, but I am starting to plan a head and book early. I bought the time share originally so I (and my now deceased work-a-holic husband)would be forced to take a vaccation each year; I need it, you need it and when I die my kids will need it as well. Paid for vaccations (time share weeks or points) that only require the yearly maintainence fees are a deal in my book. Am I being naive?

DKelley

Hi DKelley,

I certainly don't think you are. I bought for certain reasons and they haven't changed a bit. I also think of my vacations as being very valuable. When I started hearing these people be so negative about the whole thing, it really disturbed me.

I have not had the problems others complain of. Sure, theres a learning curve but most of the blame rests with the owner because they don't do their homework.

people seem to all of the sudden be in the know after they are totally disatisfied and they seem to voice their opinions with much more passion and energy than they did originally in trying to maximize their vacation time.

personally I think the resale market prices are a result of people devaluing these TSs in their own mind. Let me ask, would you offer your TS for these type of prices? owners don't HAVE to in most cases. They are just sucked into this mentality because it seems to be all you hear.

Think about this. You build a beachfront tower and sell out timeshares. Now you know and I know that the original price is terribly inflated but it doesn't take long for the proprety value to reach that point. That value divided among the number of owners is what the TS is truely worth.

Lets say half of the owners decide to sell at 1/4 the price they paid. Does that bring the price of the total property down? No, so where does all that value go? The value is only lost in their minds because tax paid each year is going up based on the value.

I love timesharing and am trying to figure ways of doing more. I knew of the resale market and still upgraded a few more times through the developer because of the perks. My timeshares have never been worth less in my mind of what I paid.

I know people are negative about this but then again people are negative about most things. Are they not? The most interesting thing I find is that these same people that are so negative spend so much time on these web sites instead of doing something else.

Go figure!

Jeff

Diana, you have found the magic words for the best exchanges, "but I am starting to plan a head and book early". The earlier you deposit your weeks or points the better chance you have of getting the exchanges you desire.

When timeshare owners wait to the last minute to plan their exchanges then they will be left with the least desirable options for exchanges or possibly no exchanges available at all for their desired location (re: beachfront in summer, popular ski destinations in winter, holiday weeks etc.)

dianakelley wrote:

WOW! I had no idea that there were so many unhappy time share owners. I have never had any problem banking my unused weeks and points at RCI. I sometimes have a problem USING them later on when they are getting ready to expire, but I am starting to plan a head and book early. DKelley

jenniferc190

marilynbw wrote:

jenniferc190 wrote:

"I am wondering if I should wait for the North Villas resales to become more available or purchase "pre owned" ones on the existing buildings."

I'm wondering why you would be interested in buying - isn't it much less expensive in the long run to rent? One of the reasons I enjoy this site is that there is such a large variety of great timeshares to rent from owners who are anxious to sell their weeks. I have been to many timeshare presentations where part of the sales pitch is how easy it is to trade weeks as an owner. Judging by the number of owners on this site who are trying to sell or trade their weeks, I'm guessing it must not be that easy - but this site is great for renters. All the advantages of staying at a great resort, with none of the hassles of paying maintenance fees or worrying about trading or losing points. Can anyone explain to me why ownership is better? Thanks

Hi, thanks for the information. This kind of confirms what I have been thinking. I am interested in a Oceanfront 2 bedroom, resale about $58, 000. Assuming this is all I pay (I doubt it). At 6% per year (opportunity cost), I could have earned $3480 from just putting $58,000 in the bank CD, (I am sure I can do better). And considering the maintence fee + taxes, misc. at about $2200 per year, maybe more. I am looking at $5,680.00 ($3480+$2200)per year. Divide that by 7 nights, that's $811.43 per night. I am already a gold member in the SPG program, hoping to be a platinum member some time next year. I think I might be better off just renting the villa from someone ANYTIME, ANYWHERE I want or just stay at the Westin Maui hotel or its family and get upgraded to the best room possible (due to the elite membership). Either way, it sounds like it's a better investment. Keep in mind that I still get to keep my $58K. Am I right on this? With the timeshare, I have to worry about getting the exact week I am looking for (one year in advance), pray that the airfare will not be too expensive for that week (forget the possible deals) and my or the kids' schedule will not change (hard to tell due to the year in advance). When I do get to the villa, I must HOPE that my oceanview is not a over a parking lot. I really loved this villa and dying to purchase it, I am having difficulties justifying this mathematically. Please do correct me if I am wrong. I do welcome all opinions regarding this location (Westin Ka'anapli Ocean Resort and Villa). THANKS GUYS!

jayjay wrote:

Diana, you have found the magic words for the best exchanges, "but I am starting to plan a head and book early". The earlier you deposit your weeks or points the better chance you have of getting the exchanges you desire.

When timeshare owners wait to the last minute to plan their exchanges then they will be left with the least desirable options for exchanges or possibly no exchanges available at all for their desired location (re: beachfront in summer, popular ski destinations in winter, holiday weeks etc.)

dianakelley wrote:

WOW! I had no idea that there were so many unhappy time share owners. I have never had any problem banking my unused weeks and points at RCI. I sometimes have a problem USING them later on when they are getting ready to expire, but I am starting to plan a head and book early. DKelley

thomasp107 wrote:

I did not buy from a developer and I bought way below value. It's a very nice 2 bedroom 2 bath in Orlando with a very desirable week. I'm only looking to break even and haven't even had a response. Buyers do not want to register their names to veiw listings. They are concerned with the junk e-mail? Two weeks ago I listed it with another site that does not require the buyer to register and have had 3 responses. I expect to sell it this week. I would highly recommend not SELLING through redweek. It may work fine for renters. But buyers don't want to register to search listings. If anyone would like to know the site I used feel free to contact me. And JAYJAY, please do not respond.

Can you tell me the site you used to sell your timeshare. I have mine in Hawaii on a donate list. I have not had any takers as far as I know. Thanks

Vicky

thomasp107 wrote:

john1671 wrote:

Hi,

The timeshare resale market "crashes" each October and doesn't recover until February. Why? Because everyone who wants to sell decides so in October when they think about the next years fees and don't want to pay them. By February, those units have largely gone away. The big sellers who maintain inventory don't want to pay either so "dump" what they can.

Historically, the best time to sell is March - July (price-wise).

This years drop was by far the worst of the last 5 years. 4-5 star weeks were going for $100 on Ebay.

Good luck!

John

jayjay wrote:

Ditto everything Greg said below.

It's not Redweek's fault that your timeshare is not gaining any interest. The market (buyer) sets the price of any given timeshare week as to how much they are willing to pay.

If you bought from the developer you can expect only 1/4 to 1/3 or less on the resale market depending if your timeshare is desirable at all (re: supply and demand, season, popularity of the resort etc.)

You say you are competetive in your pricing. Competetive to what? If you are competitive to other units at your resort in the same season for sale, then more than likely other sellers are asking far too much for their weeks also. People look for bargains and/or a fair price for timeshare resales no matter what you may have paid.

As Greg said below, there are millions of timeshares available in the resale market (actually there's a tremendous glut). If yours is not getting any interest then you may have to consider taking a huge loss over what you paid.

greg208 wrote:

I know of several people who have successfully bought, sold and rented off this website. It all depends on having a desireable product in a desireable location at a desireable time, and most importantly at a competitive price. There are so many bargains available on the resale market for timeshares right now, that you must be willing to accept a price at or below other sellers with a similiar product.Greg

I did not buy from a developer and I bought way below value and I'm only looking to break even. My timeshare is among the least expensive within the listings for my resort and is a very desirable week. But how are first time buyers going to find it if they need to become a redweek member to purchase. They don't need to spend money to buy a timeshare with the other site I listed with 2 weeks ago. And by the way, I have had 3 reponses to that listing within those 2 weeks and it looks like I may have a sale this week. Anyone that would like to know who I listed it with should contact me. And JAYJAY, please don't respond!

I would like to know who did you list it with?--mar

vickyj5 wrote:

thomasp107 wrote:

I did not buy from a developer and I bought way below value. It's a very nice 2 bedroom 2 bath in Orlando with a very desirable week. I'm only looking to break even and haven't even had a response. Buyers do not want to register their names to veiw listings. They are concerned with the junk e-mail? Two weeks ago I listed it with another site that does not require the buyer to register and have had 3 responses. I expect to sell it this week. I would highly recommend not SELLING through redweek. It may work fine for renters. But buyers don't want to register to search listings. If anyone would like to know the site I used feel free to contact me. And JAYJAY, please do not respond.

Can you tell me the site you used to sell your timeshare. I have mine in Hawaii on a donate list. I have not had any takers as far as I know. Thanks

Vicky

jeffw129 wrote:

vickyj5 wrote:

thomasp107 wrote:

I did not buy from a developer and I bought way below value. It's a very nice 2 bedroom 2 bath in Orlando with a very desirable week. I'm only looking to break even and haven't even had a response. Buyers do not want to register their names to veiw listings. They are concerned with the junk e-mail? Two weeks ago I listed it with another site that does not require the buyer to register and have had 3 responses. I expect to sell it this week. I would highly recommend not SELLING through redweek. It may work fine for renters. But buyers don't want to register to search listings. If anyone would like to know the site I used feel free to contact me. And JAYJAY, please do not respond.

Can you tell me the site you used to sell your timeshare. I have mine in Hawaii on a donate list. I have not had any takers as far as I know. Thanks

Vicky

tug2.net I've talked to quite a few people who have bought resales from there!! Good luck!!

Thank you for the information.

darcy54 wrote:

I think most members of Redweek are Timeshare owners and want to rent their week to recoup some of their costs such as maintenance fees etc. or they would like to exchange with other timeshare owners to avoid paying exchange fees. It is very difficult to find weeks to echange on this site. It would be nice if we could do a search just for exchanges. The other problem I think is because non members cannot contact owners who have paid for an ad unless they become members. They should be able to contact us without charge. I would even be willing to pay an extra $10 to cover their fee if my week is rented. There are a lot of classified ad sites on the internet that are free. Most timeshare owners don't want to pay rental fees, that is why they bought timeshare in the first place. Our best prospects are those who usually rent hotels or maybe are considering timeshare. But I don't think these people want to pay a membership hoping to find something to rent. I know I wouldn't. I think if Redweek could drop the membership fee to contact owners we would get better results.

Wow, do I agree. Why do timeshare owners have to pay to use this site???? The people looking for units certainly will not pay just to look. This should be a free board. Who is this money going to?????

Hi Thomas,

Anyone registering with RedWeek.com won't receive junk email. We send out a monthly newsletter to everyone but even that can be shut off if they don't want to receive it. Everyone can manage their email subscriptions through their "Your Account" page. If the potential buyer doesn't even register with the website there isn't a lot of help that the website can give you if a problem arises.

We are glad that you are getting some responses for your resale no matter where it is. It's a tough market for the Orlando area since there is so much inventory there.

Thanks, Marty

I've never gotten a newletter from Redweek.com

carol2219 wrote:

Hi Thomas,

Anyone registering with RedWeek.com won't receive junk email. We send out a monthly newsletter to everyone but even that can be shut off if they don't want to receive it. Everyone can manage their email subscriptions through their "Your Account" page. If the potential buyer doesn't even register with the website there isn't a lot of help that the website can give you if a problem arises.

We are glad that you are getting some responses for your resale no matter where it is. It's a tough market for the Orlando area since there is so much inventory there.

Thanks, Marty

I've never gotten a newletter from Redweek.com

Hi Carol,

The newsletters go out in the 2nd or 3rd week every month. If you aren't receiving our newsletters it's likely that your email account is filtering them out. Always check your spam folders. To make sure you receive email from us please add the following email addresses to your accepted mail, customer service address is support@redweek.com, and our newsletter address is news@redweek.com.

Thanks, Marty