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Re: Maintenance Fees (by Kevin S.):
ken1193 wrote:Thank You! Very informative and great adviceKevin 225 states: >> I am looking into a Bahama timeshare. Does anyone feel it is worth buying on a resale(Redweek) vs. through a salesperson? Maybe then the maint. fees would not feel so outrageous.<< ======================================The maintenance fees will, of course, always be exactly the same regardless of the actual source of your purchase. That said, you'll still ALWAYS do much better on purchase price in a private transaction in the resale market than in dealing with a developer representative, but you need to exercise due diligence to ensure that what you THINK you're buying is, in fact, exactly the same as what is being proferred for sale. You also need to ensure that there are no outsrtanding liens, encumbrances, unpaid special assessments or maintenance fees, etc. My recommendation is to use a legitimate closing company to do all this homework on your behalf --- including obtaining an estoppel letter from the resort (confirming the absence of unpaid fees) and taking care of all deed details and recording. It will cost you about $350, but the potential cost of inadequate homework is far greater than that........