Report Abuse

This is for larryb39: Before buying a timeshare, call the resort's owner services desk to find out if they have an inhouse resale program for HOA-owned units. Then ask the following questions: what is the delinquency rate at the resort (if it's over 15 percent, the resort may be in financial trouble)? How many units are available for resale purchase and at what price? What are the maintenance fees and how have they increased (or not) in recent years? HOA's that DON'T gradually increase maintenance fees, by 2-4% a year, may not have enough money in reserves to cover occasional upgrades and renovations. Who runs the HOA board? Legacy week owners? A management company? A vacation club? A developer? Overall, get as much information about the resort's financial health before you invest in it. Finally, if some owners own 100% of some units, that suggests they are not only happy with it, but paying all of the maintenance fees --- for 52 weeks.