Post reply
Original Message:
Disclosures and honesty in selling!(even resales) (by Jay K.):
phill12 wrote:If you purchase a resale unit through a Realtor you will find that in most States there is a right of recission period that you can get back 100% of your money if you change your mind for any reason. In Florida that is 10 days. All you have to do is send a letter to the address that should appear directly above your signature on the contract.ken1193 wrote:phill12 In some e-bay and other sites that offer timeshare sales I found statement in rest of the information that some of these people now charge the buyer a fee in case the deal falls through because of ROFR. <<Actually, if you read the (usually very tiny micro-font) print at the very end of many eBay ads for timeshares, eBay sellers often indicate that they will charge (or attempt to charge) a "cancellation fee" if the sale falls through for ANY reason. Whether or not they can lawfully enforce such a "cancellation fee policy" is certainly open to debate in the first place, but in any case is NOT limited merely to exercising right of first refusal.
Your right but I was only talking about charging a fee up front to cover cost in case the resort pulls right of first refusal. The seller knows this is possible and wants to cover there own rears! I'm not only talking E-Bay but other name sites like Holiday!
After reading other post and reading my own post I decided the heck with all this just to buy in Maui!
We went to our resort for Memorial day and bought the Tower from our resales dept! Same place we bought our first unit and had very good deal.
We love our resort and now have traded one of the units for Maui 2008. Why deal with all this when we can just trade in when we want!