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Author Topic:   Resale Prices - Increasing, Decreasing, or Holding Steady?
ACCfan

TUG Member

Posts: 498
From:
Registered: Jun 2003

posted 06-04-2005 05:02     Click Here to See the Profile for ACCfan     Edit/Delete Message   Reply w/Quote Post A Reply
quote:
Originally posted by PA:
Everyone's entitled to an opinion. I'd like to know which ones you believe have gone up over the years.

If you're saying a specific resort that has been sold out for a while is going up in value, I say no possible way, not in my observations.

That makes no logical or economic sense at all, that I can see. Can you think of any logical reason that might happen?


PA,

You may want to take a look at this thread:
http://www.tug1.net/tugbbs1/Forum1/HTML/008678-2.html

I believe that the vast majority of timeshares will depreciate over time.

However, I also believe that if you buy a high end resale timeshare for a good price at a great location during high season that your purchase price is at the worst stable and the value may even go up over time. This is true for some Marriott timeshares that have been sold out for some time like Grande Ocean and Summit Watch. Marriott charges some of the highest MF's in the industry, but I believe that money is well spent as they really do an excellent job keeping their properties up to that high end standard.

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pwrshift

TUG Member

Posts: 2915
From: Toronto
Registered: Dec 2000

posted 06-04-2005 09:47     Click Here to See the Profile for pwrshift   Click Here to Email pwrshift     Edit/Delete Message   Reply w/Quote Post A Reply
I saw a Canyon Villas on Ebay and wrote the seller to see what the reserve price was on his platinum week - he wants $22,000. No doubt he bought the week new at about $19,000 and got 500,000 points like everyone else who bought pre-construction there, and wants to make a great killing. Doubt that he'll be successful.

Brian

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Those who dream most, do most.

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cz

TUG Member

Posts: 3307
From: The Rushes wk 26, Lake Forest wk 3, Christmas Mt 6 UDI's up to 17 wks each UDI. 3 Cottages & 3 OakTimbers. RCI Pts, Florida Bay Club, Key Largo
Registered: Mar 2002

posted 06-04-2005 10:13     Click Here to See the Profile for cz   Click Here to Email cz     Edit/Delete Message   Reply w/Quote Post A Reply
Dave IMHO some of the reasons maybe why I was able to pick up this one up at that price was

(1) if you go to the completed Wisconsin auctions and looked at the way the ad was written, except for the seemingly high yearly maintenance fee, there was no indication that this was a CMV UDI Cottage(and not a "pure Oak Timbers UDI which IMHO is worth considerably more for several reasons). The sellers who had this UDI donated to them did not understand how many weeks this ownership can generate each year so that fact was not mentioned in that ebay ad. They did not describe in their ebay ad any of the usage Features, Advantages or Benifits of this ownership.

(2) There was no mention about the low weekly housekeeping fees, etc.

(3) There was no mention that the weeks could be banked with II in addition to the regular RCI Weeks and the RCI Weeks for RCI Points Program (or Points Partners for airline or Disney Tickets, etc)

(4) My snipe bid limit was a fair amount higher than what our winning bid was.

Bruce


quote:
Originally posted by calihockey33:
The CMV UDI on ebay last week sold for $2600, that seems a little lower than they used to sell for?


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Bruce F. & Judy Czajkowski, Kansasville Wi. Judy is a teacher and Bruce is retired and thinks that you are never to old to have a happy childhood. Also own at the Sea Club IV,Daytona Beach Shores. The Driftwood Inn in Vero Beach wk 1 unit 3031, wk 10 unit 230"D", wk 11 unit 3030, wk 14 unit 220"E" and a week 48 at Rayburn Country that is somewhere in Texas.

[This message has been edited by cz (edited 06-04-2005).]

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cz

TUG Member

Posts: 3307
From: The Rushes wk 26, Lake Forest wk 3, Christmas Mt 6 UDI's up to 17 wks each UDI. 3 Cottages & 3 OakTimbers. RCI Pts, Florida Bay Club, Key Largo
Registered: Mar 2002

posted 06-05-2005 07:49     Click Here to See the Profile for cz   Click Here to Email cz     Edit/Delete Message   Reply w/Quote Post A Reply
You would have not gotten it with a $3,000 bid as the amount I had bid was higher than $3,000 but that amount was not needed to win the auction.

Bruce

quote:
Originally posted by RonaldCol:
I checked the sale on eBay. It appears as if it was a Christmas Mountain Village UDI. It also appears as if the buyer is CZ.

CZ bought one on eBay early this year for less than $1000. That was also a UDI at Christmas Mountain. After he bought this one he then sold two of his UDI's for about $7000. I stand corrected on the pricing.

There are bargains to be had on eBay. Last week I was involved in doing other things so I wasn't even watching auctions for UDI's. Had I known about this I would have bid higher, but I didn't know. This is one of the beauties of the internet age at this juncture of it's growth: there are opportunities to be had just by monitoring and finding disparate relationships. I wouldn't mind buying something at $3,000 and selling it for $7,000. I can do this all day long.

CZ found a niche whereby he buys undervalued timeshares and knows their values. Buyers who pay prices that insure a profit to him can find additional values.


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Bruce F. & Judy Czajkowski, Kansasville Wi. Judy is a teacher and Bruce is retired and thinks that you are never to old to have a happy childhood. Also own at the Sea Club IV,Daytona Beach Shores. The Driftwood Inn in Vero Beach wk 1 unit 3031, wk 10 unit 230"D", wk 11 unit 3030, wk 14 unit 220"E" and a week 48 at Rayburn Country that is somewhere in Texas.

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