Buying timeshares (even resale)
Post reply
Original Message:
Re: Questions about Buying timeshares (by R P.):
johnc655 wrote:I notice on Redweeks.com that I am looking at timeshares for sale and the units are the same but the listed prices are all over the map. Are units valued at different prices if they are all the same floating weeks and all are the same two bedroom sleeps 8 style.
The reason for the price difference is due to what the seller wants out of the sale. Some may have bought from the developer while others may have bought resale and just want their money back (however developer bought prices will not sell on the resale market).
Quote:I noticed that a poster asked about the "first right of refusal" or that the hotel can buy it back from underneath you if the sale price is too low? can they do this and how does one prevent or prepare for this type of situation?
Marriott and Disney and some other entities have right of first refusal (ROFR). In other words you have to give those entities the right to buy your timeshare back should you decide to sell it.
Quote:If I wanted to make an offer to the eleven units that are listed and here is what I am prepared to spend and then just sit back and see what happens. I have noticed that many of the units have been on the listings for some time.
This is exactly what you should do. Make an offer contingent on the fact that you are also making offers to other sellers. If the units have been listed for some time, you can probably get a better deal.