The Timeshare Company?

Have any of you heard of this company? They have quite a few timeshares for sale on Ebay for $1 and a couple of them I am interested in but they do not list the closing company name and they will not let you use any other one but theirs which I read on some of the blogs that is something that you never do.

Actually, most of the big resellers on ebay insist on using their own (affiliated) closing company.

To search TUG for info. about this company, put this in your google search box:

"the timeshare company"site:tugbbs.com

That's very common with the ebay resellers. It's annoying, but it's true. Much of the money those ebay resellers make in profit comes from using their own closing company. In some cases, the closing company and the ebay seller are one in the same (or closely affiliated).

The good news is, in many cases, closings go very well. Factor that in to what you are bidding - since you can't use your own company and the closing costs are typically on the higher end, when you bid, make sure you pay attention to what it costs total (Bid + closing company costs).

I'm in the process of closing on a timeshare in HHI and it has gone very well. For what I paid for the timeshare itself, the slightly increased closing costs more than made up for it. Although there is not really buyer protection on ebay, you can still leave bad feedback and most of those sellers really seem to care about it. In most cases, I think you'll be all right. Do some searching here on TUG, because I don't think every reseller on ebay is rated the same.

These TS that they are selling say that the closing costs are free, I would just have to pay $250 for the resort transfer fee?

I Resemble That Remark.

mwitty1 said:

Have any of you heard of this company? They have quite a few timeshares for sale on Ebay for $1 and a couple of them I am interested in but they do not list the closing company name and they will not let you use any other one but theirs which I read on some of the blogs that is something that you never do.

Click to expand...

I recently bought 1 of their $1 eBay timeshares -- $1 opening bid, that is. My winning bid was about $162.

If I am not OK with the captive closing services agency an eBay timeshare seller requires, then I simply don't bid.

On this 1, however, closing was free & resort transfer was free & 3-years of paid-up maintenance fees were thrown in to boot.

All I paid was the bid amount + $100 RCI Points transfer fee.

I have received a copy of the signed deed. What I'm waiting for now are (1) a the original copy of the recorded deed & (2) some sort of acknowledgement that the newly acquired eBay timeshare has been added to our existing RCI Points account.

We'll see, eh ?

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

I used them and all went fine. The closing took a little longer than I would have liked but since it was free, I couldn't complain too much. Resort has been recorded and has been added to our RCI account. You should be fine but before you send them the winning bid get documentation that you bought what you think you bought - i.e. the contract.

mwitty1 said:

These TS that they are selling say that the closing costs are free, I would just have to pay $250 for the resort transfer fee?

Click to expand...

You might want to post all the details of this purchase, and what your goals are for using it, before buying:

1) Use yourself every year?
2) Trade?
3) Rent?

If you are buying this week to use it every year, during the season in which it's deeded, and you are knowledgeable about the resort, this could be a good deal for you.

If you have aspirations to trade it, try to use it during a different season, or rent it, it may not be such a good deal.