Henkemeyer
newbie
Hi all,
I'm very new to timeshares, and I have an offer that I don't think will be on the table for very long. My mom knows a lady who recently got a divorce, and she’s wanting to get out of their timeshare. From all appearances, she seems honest and very negotiable. How can I find how good of a deal this really is? Are there any BKMs when it comes to doing the homework on this? Is there an appraisal type of site out there?
This is what I know so far about what is being offered:
David
I'm very new to timeshares, and I have an offer that I don't think will be on the table for very long. My mom knows a lady who recently got a divorce, and she’s wanting to get out of their timeshare. From all appearances, she seems honest and very negotiable. How can I find how good of a deal this really is? Are there any BKMs when it comes to doing the homework on this? Is there an appraisal type of site out there?
This is what I know so far about what is being offered:
- The “home resort” is Villa Del Palmar in Puerto Vallarta, MX (and also it sister resort Villa Del Palmar in Cabo San Lucas)
- The size of the unit is a studio (but she did say that in many cases, we can trade up to a bigger room)
- It is 1 week per year
- It is Red season (floating)
- There are 23 years remaining
- The original price in 2001 was $12,600
- Two years ago she almost sold and was told the value at that time was $700-$10000
- Her initial offer to me was $5000.
- She has lowered her offer to $3500
David