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Re: sELLING MY TIMESHARE (by Mary D.):

kekouri wrote:

Angel:

I don't know about the share profits parts to the buyers . The developers are supposed to share with the stockholders, and they seem to forget them, too.

If you know anyone who owns a full time condo, you get get a sense of the maint fees, insurance, and taxes needed. In S Florida, non residents get taxes up to 2% a year on the value of their home. So, a Marriott Beach Place or Ocean Point 2 bed 2 bath one week would be taxed at just over $200 a week.....not counting the maint or oceanfront insurance rates. (On a $500,000 house within blocks of the ocean in Broward, (we checked & ran this winter), the insurance would be just under $10,000 a year. And 2% (approx) of $500,000 is ( I think) $10,000 a year in RE Tax. So....$20,000 before you look at a mortgage.

I don't know how the HOAs will be able to keep the fees down too much in most timeshares in the wind belts....which extend even out of Florida.

A few months ago, many were complaining of the maint fees & taxes of many Florida timeshares. They need to remember the insurance may have had a big impact. So does the maint fees.

Today on TUG, a retired couple want to know how to sell their weeks at a resort, as an assessment of $7000 is being required for 2007. (Thats on top of the maint fees. ...and he said for one red week and two 'off color' weeks. ( Probably in N florida, most in S fl are all red. )

Yes, Florida is poplar but overexpensive because of taxes and insurance--neither one of which is really the fault of the resort developers. I recently "rolled" our last Florida Fairfield contract into their new Wisconsin resort where I feel rather more secure. MD