Post reply

Re: sELLING MY TIMESHARE (by Carrie S.):

phill12 wrote:

I would have to disagree with you on selling like a house idea.

Selling a timeshare unit is nothing like selling a house!

If it is a good timeshare resort and you want to get rid of it then you might get someone to just take over payments for the cost of transfers and escrow.

You might get someone to take over payments and also give you some cash if your lucky! That is if you have a nice resort good for trading!

People buy a timeshare with cash or small loan on resale market for use or trade. They know they are buying something that except for use or trade is most likely going to lose money.

You might be right and I might be wrong but have never seen anyone buy unit when owners still do not own it,just to much hassle.

With the housing market as it is, buying a house is getting more and more like buying a timeshare. The basics are the same, but a loss on a housing purchase is now more common.

The difference is that, because timeshares are such a relatively small expense, people tend not to do the due diligence they would with a house. They may skip excrow and title insurance. they certainly don't inspect or look to paying off the property's loan in excrow. They even may pay an agent in advance, unheard of in home purchases.

I know I got my money's worth in my timeshare. Now, I look forward to really good deals shopping in the resale market, but I only buy where I would love to stay. Exchanges are nice. I use II, and have been very happy with their service. But they are the icing on the cake, not the cake itself.

Would I use Redweek to buy or sell? Absolutely.