Original Message:
Re: BUYING DEVELOPER vs RESALE (typical scenario) (by Mike N.):
she2 wrote:============== For starters the unit listed for sale at $999 has a limited usage (weeks 1-4, 18-20, 36-45, 48-49). Under the HELP section there are links to timeshare calendars to see the exact dates. These dates not include typical school vacation periods or holidays. If your plan was to use it with your children during school vacation, this unit might not work for you. Rentals or exchanges might also be limited. The buyer is also responsible for the 2008 MF of $880, bringing the actual price to almost $1900. The owner is probably just anxious to sell to get out of paying the high MF every year. If you do not have kids and/or plan on vacationing during the non-peak weeks, then this unit might be a good fit since you can travel during non-peak times. If you plan on exchanging, here’s a word of caution…just because the ad states it is an RCI Red Week, doesn’t mean that you can exchange into any other RCI Red week. There are various shades of Red and a non-peak Orlando week would not have the same trading power as a Spring Break week. You may have difficulty exchanging into places like Hawaii and Aruba. This resort is part of Diamond Resorts system (previously Sunterra) and is one of a group of 19 resorts in a Florida Trust. It sounds like this is a deeded week at the resort rather than a deeded week in the Florida Trust where you would get “SunOption” points to be used for exchanging into other resorts in the Trust.I am considering buying a timeshhare reslae. i am trying to determine if there is any difference between the exact same item being sold by 2 different sellers at 2 totally different prices, one is $999 and one is $8,999. Is there no difference, they both are 3 bedroom, one floating week annually. This is at the Grand Beach resort in Orlando Fl.
There is not a lot of information about the second unit, except that it is being listed by Second Market Timeshare Resales. I don't know whether they are an upfront fee company or if they collect a commission. You need to check the usage for this unit. Are there any usage limitations, such as the ones listed for the $999 unit? Is it a deeded week in the previously mentioned Trust? If so, then how many SunOption Points do you get? Has the 2008 MF been paid? I noticed the MF is much lower than the other unit. In either case, determine if the MFs listed are accurate and try to find out if there are any upcoming assessments. The second ad says make an offer, so if you find you like the $8900 unit better, go ahead and make an offer. Good Luck