jejajo asasks in part: >> If someone is selling their timeshare for $300.00, does it mean that the timeshare is fully paid for by the seller? Or would the potential buyer have to pay a balance along with the $300.00 asking price?<< ============================================
You really cannot deduce ANYTHING WHATSOEVER just from viewing an ads' listed "asking" price.
Sometimes, people who paid exorbitant "developer direct" prices want to believe that their timeshare somehow has a higher resale value --- but this simply is not true. In the resale market, any given timeshare is worth NO more than the lowest priced (equivalent, comparable) timeshare being offered in the resale market for the same facility, today. The resale market finds its own values. No buyer cares what a seller paid (...or overpaid) originally, but this fact is hard to accept for sellers who paid 75-80% more for a developer-direct purchase than the exact same product sells for in the resale market today. Such sellers want to "recoup" most of their "developer-direct" price paid, but that goal is unrealistic --- they will be VERY lucky to recover 25% of that original "developer direct" purchase price. It could easily be a 10% (or less) recovery rate in this economy.
As far as determining whether the timeshare and/or its associated fees are paid up to date and current, that's a conversation which you must have with each individual advertising seller. There is simply no way to discern ANY such information from a listed price alone.
In this economy, there are people looking to GIVE AWAY fully paid for timeshares, just to get out from under the annual maintenance fees. On eBay, there are dozens of timeshares offered for a dollar, with some sellers offering to pay all closing costs --- and many such listings still close with NO takers. These are tough economic times.
Short summary; a listed price tells you NOTHING meaningful or useful.
KC
