Where does the eBay et al resale properties actually come from?

[OldGuy]

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 shares 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?>

Careful now, you'll rile the natives.

 

[CO skier]

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 you
Good deal is to rent from a VIP for $6 per thousand instead of paying $6 per thousand or more in maintenance fees.

I think you may have posted to the wrong thread. This one is about exit companies selling on eBay.

 

[dgalati]

Careful now, you'll rile the natives.

Yea they will tell me how it is a privilege to spend upwards to 100k to be a VIP. Not knocking becoming a VIP but I make what I have work for me. Not into spending more for what can be bought for a penny. Better yet what can be rented for less then paying maintenance fees.

 

[OldGuy]

Yea they will tell me how it is a privilege to spend upwards to 100k to be a VIP. Not knocking becoming a VIP but I make what I have work for me. Not into spending more for what can be bought for a penny. Better yet what can be rented for less then paying maintenance fees.

Now the natives are getting restless.

 

[ronparise]

Things have really changed here. Before Ovation I used to argue that the postcard companies performed a valuable service. And I don’t think anyone agreed with me. Good for the seller, good for the buyer and good for wyndham. The seller dosent have to pay maintenance fees any more, the buyer got a contract he wanted cheap and wyndham never missed a maintenance fee payment

Now the consensus seems to be that exit companies are good

Once Ovation happened I didn’t understand how they kept getting wyndham contracts but they did and I kept buying them, in spite of the fact I knew the seller got screwed

I would argue that the exit companies that deal in “paid for” contracts are screwing the sellers and the eBay buyers (you guys) are aiding and abetting.

Having said that, I’m not allowed to say anything bad about wyndham so I won’t say wyndham has already screwed the sellers much harder than the exit companies do

 

[dgalati]

OTE="ronparise, post: 2308751, member: 50175"]Things have really changed here. Before Ovation I used to argue that the postcard companies performed a valuable service. And I don’t think anyone agreed with me. Good for the seller, good for the buyer and good for wyndham. The seller dosent have to pay maintenance fees any more, the buyer got a contract he wanted cheap and wyndham never missed a maintenance fee payment

Now the consensus seems to be that exit companies are good

Once Ovation happened I didn’t understand how they kept getting wyndham contracts but they did and I kept buying them, in spite of the fact I knew the seller got screwed

I would argue that the exit companies that deal in “paid for” contracts are screwing the sellers and the eBay buyers (you guys) are aiding and abetting.

Having said that, I’m not allowed to say anything bad about wyndham so I won’t say wyndham has already screwed the sellers much harder than the exit companies do[/QUOTE]

Exactly my thoughts. Wyndham is not the good guy taking back a contract for $0 they sold for 30k. They then turn around and sell it to some unsuspecting young or elderly couple on vacation for 30k again. And many feel Wyndham is helping the owner exit. Make no mistake Wyndham is helping themselves just like I do or anyone else that buys from a exit company for less then closing costs. I guess it is better then Wyndham getting it for free then shellacking another young or elderly couple for 30k.

 

[SmithOp]

Things have really changed here.

Having said that, I’m not allowed to say anything bad about wyndham so I won’t say wyndham has already screwed the sellers much harder than the exit companies do

We see what you did there Ron!


Sent from my iPad using Tapatalk Pro

 

[CO skier]

Things have really changed here.

Not really. There were similar threads and opinions in 2013.

https://tugbbs.com/forums/index.php...ed-points-used-by-seller.194166/#post-1487237

If an owner wants to unload their Wyndham timeshare, and they do not know about Ovation, and no one buys their timeshare on eBay or anywhere else, what are they left with? Ongoing maintenance fees. Stop paying the maintenance fees and go into foreclosure?

The seller got screwed when they paid $20,000 or more for a timeshare that might be worth $1 on the resale market.

I do not see how the seller loses out by avoiding default and foreclosure by selling their timeshare through eBay or any other reseller. The buyer set the seller free from their maintenance fee obligation.

 

[OldGuy]

ain't timesharing fun

 

[CO skier]

ain't timesharing fun

I could not vacation like a Rockefeller without my timeshares.

 

[OldGuy]

I could not vacation like a Rockefeller without my timeshares.

Well, in the Winter we live where the Vanderbilts used to raise cattle. Does that count?

 

[bnoble]

Once Ovation happened I didn’t understand how they kept getting wyndham contracts

Market information isn't perfect, nor are people fully rational. So it goes.

 

[kaljor]

I bought all three of my contracts on e-Bay. Presumably listed by a Timeshare Exit firm. I don't know what was paid to this firm to get rid of the timeshare, but even if its 3 or 4 thousand dollars, that seller made the decision that it was worth it to get rid of something they no longer wanted and had become a lifetime liability for them. They made the decision that paying $4k to get rid of an annual $1k fee was worth it to them, and in fact, they were correct. For their situation. Their lack of knowledge about how to get rid of timeshares may have led them to this flawed method of divestiture, but we are all adults here and sometimes we all may overpay for something because of our lack of in depth knowledge. Like your first new car or your first engagement ring or your first house. We can all end up overpaying for an asset because of an imbalance in knowledge between the seller and buyer. I don't consider that a ripoff. To be a ripoff there has to be an element of stealing or fraud.

Ironically, at a recent Wyndham sales session, the salesman actually asked me if I felt bad paying the seller only pennies on the dollar for their timeshare. I said no, I felt like a hero for relieving them of their Maintenance fees forever. Unbelievably, he came back to this line of discussion again, and I replied that I had paid the seller more than Wyndham was willing to pay. You may think I'm exaggerating, but he actually brought it up a third time, and I just disregarded it.

I do find these sales sessions fascinating. And lucrative!

 

[Aurelius]

Like your first new car or your first engagement ring...

Factoring in divorce costs my 2nd engagement ring purchase was definitely more expensive...

 

[kaljor]

Well all I can advise is watch out for the third one!!

 

[Jimag]

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.

Just curious, why do you say that the reseller offering 419,000 points at Oceanside pier is reputable. The resellers' Ebay ID was registered in December 2018 and has feedback from only one buyer. I would want to do some research on these folks before I would consider making a purchase from them. I do not know whether this reseller is reliable, but I was burned for several thousand dollars by a Missouri reseller d/b/a The Transfer Group. It's Ebay ID was thetransfergroup. The Transfer Group changed its Ebay ID to nationaltsbroker. Nationaltsbroker's email was nationaltimesharebroker@gmail.com. Due diligence is definitely in order before making a move on any resale through Ebay. I've made several successful timeshare purchases on Ebay, but being burned has made me very cautious. One safeguard would be to require funds to be paid into an escrow account with a third party.

 

[dgalati]

One safeguard would be to require funds to be paid into an escrow account with a third party.

This is a must when buying. I always recommend buyer placing monies due in a escrow account for everyones benifit.

 

[OldGuy]

This is a must when buying. I always recommend buyer placing monies due in a escrow account for everyones benifit.

It's encouraging that there is actually money involved in some resales.

 

[CO skier]

Just curious, why do you say that the reseller offering 419,000 points at Oceanside pier is reputable. The resellers' Ebay ID was registered in December 2018 and has feedback from only one buyer. I would want to do some research on these folks before I would consider making a purchase from them.

That was a poor example. Thanks for pointing that out. I have edited the post with a reseller that I have done business with before.

 

[dgalati]

It's encouraging that there is actually money involved in some resales.

Only when I sell, $50-$100 max when I buy

 

[OldGuy]

Only when I sell, $50-$100 max when I buy

I'm not greedy.

I sell for nothing, or less than nothing, and rent out for less than the maintenance fee. I have been successful at this so far, but it takes a lot of work.

 

[Braindead]

This is a must when buying. I always recommend buyer placing monies due in a escrow account for everyones benifit.

You do, please show me where you’ve advised this in the past as I can’t find it.

 

[Braindead]

No value in any deed Wyndham sell

You say $0 value in any deed Wyndham sells.
Why do you need a third party escrow co for $0?? What funds are they holding

 

[Braindead]

Only when I sell, $50-$100 max when I buy

Looks like another false statement. I couldn’t stay quiet any longer as I’m so tired of your BS!!!!!!!!
I bet you used Sumday escrow co also!! Please tell us the independent escrow co you used for the $323

 

[dgalati]

View attachment 12879
Looks like another false statement. I couldn’t stay quiet any longer as I’m so tired of your BS!!!!!!!!
I bet you used Sumday escrow co also!! Please tell us the independent escrow co you used for the $323

Your comment is foolish and ignorant. Dont read my posts or put me back on ignore. That was a purchase from last year 2/2018 if you knew anything about trading deeds price is higher after January and always lower from Oct-Dec.

You do, please show me where you’ve advised this in the past as I can’t find it.

Your a troll. Put me back on ignore if you dont like my posts!

View attachment 12879
Looks like another false statement. I couldn’t stay quiet any longer as I’m so tired of your BS!!!!!!!!
I bet you used Sumday escrow co also!! Please tell us the independent escrow co you used for the $323

View attachment 12879
Looks like another false statement. I couldn’t stay quiet any longer as I’m so tired of your BS!!!!!!!!
I bet you used Sumday escrow co also!! Please tell us the independent escrow co you used for the $323

More troll like behavior.