Yes we are. Most resale contracts sold at $50-$500 without closing costs are being disposed of thru third parties associated with exit companies. I talked with a owner of one contact I bought on ebay from a highly recommended reseller. The owner of deed said he paid a exit company 4k to get rid of a Wyndham deed. He had no knowledge of the ovations program.Are we actually perpetuating the exit company problem?
The seller paid a $4k commission for someone to sell the timeshare. I do not see a problem with that; no different than someone paying a commission to sell a house.Yes we are. Most resale contracts sold at $50-$500 without closing costs are being disposed of thru third parties associated with exit companies. I talked with a owner of one contact I bought on ebay from a highly recommended reseller. The owner of deed said he paid a exit company 4k to get rid of a Wyndham deed. He had no knowledge of the ovations program.
Are we actually perpetuating the exit company problem?
Are we actually perpetuating the exit company problem?
So we buy from resellers who ripped off somebody to get these properties.
What prevents them from ripping off buyers as well? It isn't as though they suddenly grow a conscience.
Ovations is a rip off to if you think about it. Wyndhams play to help a owner exit and take back for nothing. Is just as big of a ripoff. They will resell to another unsuspecting youg couple at 30k after paying $0 for it. Industry as a whole can be described as a ripoff. Sell something at 30k that is purchased at $0. And some on this board think Ron abused the cracks in system SMH.I used to be all "up in arms" over helping the postcard/exit companies to get rid of the inventory via ebay. This changed for me, because I decided people are just really so stupid to pay someone $3,000+ to help them get out of something they should be keeping. After all, they bought with their eyes wide open. They had a rescission period.
These people could actually do a simple internet search and find TUG before buying developer.
The only victims here are the ones who are still stuck with timeshares that don't get sold, even though they paid the same money to get rid of their timeshares, but they aren't really sale-able on ebay.
What I find appalling are the timeshares with real value, like the Marriott, Hilton, Westin, Sheraton and Hyatt timeshares that someone felt "stuck" with and paid off in full, just to get rid of them with more hard-earned cash. Then the exit company makes big money on some of those by reselling them. Think of that!
Ovations is a rip off to if you think about it. Wyndhams play to help a owner exit and take back for nothing. Is just as big of a ripoff. They will resell to another unsuspecting youg couple at 30k after paying $0 for it. Industry as a whole can be described as a ripoff. Sell something at 30k that is purchased at $0. And some on this board think Ron abused the cracks in system SMH.
These people could actually do a simple internet search and find TUG before buying developer.
But my real question is why we feel that we will be treated any better than the people who paid them to begin with.
There are more and more stories of sellers not particularly on the up and up. I'm just wondering out loud if we are really just asking for trouble.
Here are three eBay auctions for Wyndham timeshares picked at random, but from reputable eBay resellers. Please explain how you think anyone, buyer or seller, is getting “ripped off”?So we buy from resellers who ripped off somebody to get these properties.
What prevents them from ripping off buyers as well? It isn't as though they suddenly grow a conscience.
Are we actually perpetuating the exit company problem?
I have sympathy for them, but not as much as I would before the Internet and such easy access to information.
Here are three eBay auctions for Wyndham timeshares picked at random, but from reputable eBay resellers. Please explain how you think anyone, buyer or seller, is getting “ripped off”?
https://www.ebay.com/itm/WorldMark-By-Wyndham-6-000-Annual-Credits-WorldMark-the-Club-Resale-Trendwest/333258466809?hash=item4d97c0a5f9:g:TNkAAOSwszFb12Gw
https://www.ebay.com/itm/WYNDHAM-POINTS-419-000-ANNUAL-CLUB-WYNDHAM-PLUS-OCEANSIDE-PIER-RESORT/312694413402?hash=item48ce0a185a:g:6WgAAOSwsqddFqF2
https://www.ebay.com/itm/WYNDHAM-CLUB-ACCESS-705-000-ANNUAL-POINTS-TIMESHARE-FLORIDA-HAWAII-CALIFORNIA/383032228083?hash=item592e7ff8f3:g:Cy8AAOxydB1SkQRA
(The buyer got one heck of a deal on this auction.)
What I see when I look at these auctions are sellers who were willing to pay perhaps thousands of dollars to be rid of the yearly maintenance fee obligation and owners who will be happy with the new-to-them timeshare. Seems like win-win to me.
Sure, eBay is the Wild West and there are no guarantees. You want to paint all exit companies as frauds because some fraudsters exist. It is not difficult to find reputable sellers on eBay for timeshares and many other items.Only IF they get the points. If not, they are on the hook for a deeded contract (except for the last one) that has been recorded.
Sure, eBay is the Wild West and there are no guarantees. You want to paint all exit companies as frauds because some fraudsters exist. It is not difficult to find reputable sellers on eBay for timeshares and many other items.
You seem to be saying that if the eBay timeshare closes successfully then no one was ripped off. That has been my experience with a half dozen timeshare purchases and a few dozen other eBay items.
Sure, eBay is the Wild West and there are no guarantees. You want to paint all exit companies as frauds because some fraudsters exist. It is not difficult to find reputable sellers on eBay for timeshares and many other items.
You seem to be saying that if the eBay timeshare closes successfully then no one was ripped off. That has been my experience with a half dozen timeshare purchases and a few dozen other eBay items.
https://tugbbs.com/forums/index.php?threads/2015-will-they-close-the-deal.233917/#post-1818479I don’t know as much about TS. Can you explain why the CWA 705k for $500 plus $700 closing costs was a good deal? The MF was $6.43/1k pts.
No one is getting ripped off compared to Wyndham slam jamming a unsuspecting couple on vacation or a elderly owner that already has 2 million points that the sale weasels convinced to buy another 1 million because it was in their best interest. The new PRIVLEGES BS is a prime example of the marketing sales smoke and mirrors. Another level to become privileged or duped into spending 100k more?>Here are three eBay auctions for Wyndham timeshares picked at random, but from reputable eBay resellers. Please explain how you think anyone, buyer or seller, is getting “ripped off”?
https://www.ebay.com/itm/WorldMark-By-Wyndham-6-000-Annual-Credits-WorldMark-the-Club-Resale-Trendwest/333258466809?hash=item4d97c0a5f9:g:TNkAAOSwszFb12Gw
https://www.ebay.com/itm/WYNDHAM-POINTS-419-000-ANNUAL-CLUB-WYNDHAM-PLUS-OCEANSIDE-PIER-RESORT/312694413402?hash=item48ce0a185a:g:6WgAAOSwsqddFqF2
https://www.ebay.com/itm/WYNDHAM-CLUB-ACCESS-705-000-ANNUAL-POINTS-TIMESHARE-FLORIDA-HAWAII-CALIFORNIA/383032228083?hash=item592e7ff8f3:g:Cy8AAOxydB1SkQRA
(The buyer got one heck of a deal on this auction.)
What I see when I look at these auctions are sellers who were willing to pay perhaps thousands of dollars to be rid of the yearly maintenance fee obligation and owners who will be happy with the new-to-them timeshare. Seems like win-win to me.
No value in any deed Wyndham sells. Wyndham sets the price at $0 through Ovation. Please try to understand what a deed is really worth. No one will loan squat on any deed. Contrary to what the sales weasels tell youhttps://tugbbs.com/forums/index.php?threads/2015-will-they-close-the-deal.233917/#post-1818479
I was going to write, "It was not that long ago when CWA contracts were selling for $5-10/1000 points." But that pricing was summer 2014.
Time flies and Club Wyndham prices have been sliding for longer than I remember. Nevertheless, $1.69/1000 points is a good deal for someone who wants/needs CWA Advance Reservation Priority at multiple resorts, and things have definitely changed from 2015.
I thought it would take a recession to drive CWA prices down to this level.