new to timeshares
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Original Message:
new to timeshares (by R P.):
tracis19 wrote:i know enough not to buy at a resort, too expensive. on this site, if i see a resale for say $500 with a yearly maintenance fee of $500, can i assume i will be paying the owner $500 then a yearly fee of $500 to the resort and i get a week each year? is it that easy??? are there scams on here??? i am so afraid of getting ripped off.
If maintenance fees have not been paid for the year that you take possession, then you will have to fork over the $500. Possibly rising maintenance fees are due each and every year that you will be resposible for until you sell it or give it away (ie; transfer of ownership).
Yes, it's that easy, but also be aware of possible special assessments when owning a timeshare week.