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Original Message:
sale my timeshare (by Carvan A.):
(they will make me an offer)
As Ken as said, the offer they make will be that you pay them ($3,000 or more) and not that they pay you. They hold all the leverage in this one sided transaction and you have little or no negotiating power.
Still, it might be in your best interest to "sell" the timeshare to them if the timeshare is one you can not sell or give away and the maintenance fees and special assessments are significantly in excess of the rental value of the timeshare. But, you must be wary and insist on certain steps and walk away if they will not agree to a level playing field that protects both parties.
1. Have a contract of sale (preferable reviewed and approved by your attorney) signed by both parties (you and the owner or officer of PCC) in which you agree to the terms including the use of a legitimate third party closing company not owned or controlled by the PCC. The agreement must require that the title pass to them within a set time frame.
2. Pay no money to the PCC. Place the $3,000 in escrow with the closing company with the written agreement that it be refunded to you in the event any terms of the purchase agreement are not satisfied.
3. Use a closing company that will prepare and record the deed, will pay the transfer fee to the timeshare management company, and will close within the time frame previsouly agreed to in the purchase contract.
The selection of an independent closing company is crucial and the PCC will probably not agree but this is absolutely crucial to ensure that the title passes out of your name and that you are free of future maintenance fees.
In summary, protect yourself and remember the PCC is looking to make money and has not a scintilla of interest in helping you. And remember never ever give the PCC a dime but instead use an independent closing company and definitely don't give them a power of attorney to do anything in your name.