posted 05-21-2005 06:04               

quote:

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Originally posted by teamjd:
I've been pondering selling my timeshare for a while now. I've searched all over and can't find any recent re-sales. I bought a 30 year RTU in a Worldwide Spanish Hotel Chain in Cancun with about 20 years left. The Resort went through a multi-million dollar remodeling a few years ago. When I talk to people who buy from the developer sales presentations (yes, I tell them about TUG), there paying ~$18,000 for a like 1bd/2bath/sleep6. It's about $6000 more than I did 10 years ago. (You can't really discuss resale with guests at the Resort because they threaten to take your first born if you do. There's a 10% Resort owner transfer fee. How do I price it? Should I just take the current maintenence and multiply it by the remaining years, 35-50% of what I paid, best offer? I've read the advice sections, but I'm stumped. It's a great Resort, but there's no turn around.

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posted 05-21-2005 06:55               

For resale info - check eBay frequently by setting up a "favourite search" for Cancun timeshares.

posted 05-21-2005 10:08               

Edited to add:

A lot of tuggers own resorts in places they never go. exchanging might be something you may want to consider.
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A Toast: Champagne to our real friends & real pain to our sham friends.

posted 05-21-2005 10:25               

quote:

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Originally posted by teamjd:
How do I price it? Should I just take the current maintenence and multiply it by the remaining years, 35-50% of what I paid, best offer?

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No, today's value of the RTU is not the sum of future maintenance payments....

Rather, one assessment would be the "difference between equivelent rental and the M/F".

(now....making up numbers for an example)...If I could rent from you for $800, and your M/F is $400, then I "save" $400 per year by owning. In 20 years I save 20x $400 = $8000, at most.

However, I'm not willing to have $8000 tied up in a timeshare for a "breakeven"....my $8k would be in my investment account at 10% (or because TS is fraught w/uncertainties and risks and I need it to be a bargain); thus I might use 10% or 20%;( your milage may vary)...thus, I need to buy your TS for $4000 or $2000 (respectively)...to account for the 'opportunity cost'.

The 20 yr Mexican RTU resale issue isn't unique to your resort...there are likley comparable offerings on Ebay at "no name?" resorts.

posted 05-21-2005 11:57               

quote:

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Originally posted by teamjd:
M/F is $550. I just listed it for rent on one of the web sites recommended by other Tuggers.

Am I allowed to say the resort name? Melia

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posted 05-22-2005 22:21               

One way is to list the timeshare on eBay with a properly prepared description as a no-reserve auction with a low opening price - say $100.

eBay is a very liquid market for timeshares. People who know the timeshare market prowl eBay, and by listing as a no-reserve auction and low opening bid, those people will put in bids that reflect the value of the timeshare. A no-reserve, low opening bid auction screams out that you're willing to sell and those people aren't wasting their time putting in bids. The auction will not go unnoticed and if the timeshare has any value, will generate bids.

Experienced eBay timeshare people here at TUG feel that listing a timeshare on eBay as a I describe will usually produce an auction price that is about 80% to 90% of what you could realize with a conventional ad (properly prepared and appropriately placed). That's not hard and fast; at times eBay auctions may generate a feeding frenzy. And every now and then, someone lists a timeshare and finds exactly the right person who will pay above market for a specific timeshare.

But generally, if you are willing to sell the timeshare quickly and accept whatever the news is about the value, eBay will work.