I am hoping to get some quick advice on this deal. I am new to this stuff and want to get a great deal. You know...the ones I keep reading about. It is $83 MFs monthly or $996 annual MFs. There is an ROFR (Right of First Refusal) process by the resort. Closing costs are paid by seller, and there is a $299 resort transfer fee.
What do you think about this deal?
How much would you pay for this deal if it was over $1500?
Anything else you would want to know?
Any other questions you would ask the seller?
Dealing with people you don’t know is always a risk. While I have bought many off eBay and they have all worked out in the end not everyone is as fortunate.
If possible I would be willing to pay the extra $200 cost to have someone like LT Transfers do the paperwork, and escrow.
Two thing give me the red flag with your post. WorldMark doesn’t have ROFR, and you are not buying at a resort. WorldMark is a membership allowing you access to various resorts in their trust.
The next item that gives me red flag 12000/24000 to transfer. Are you buying an account or is someone rent their 24000 credits for $1500. The way your title is worded makes me think that the person is willing to rent their current 24000 credits out for $1500. That in itself is a good deal. But won’t work if you don’t already have a WM account.
A stripped WM 12K account (one without any credits in it.) Typically would sell in range of $3000. So price your specifying seems unrealistic.
It’s easy to get a Timeshare much harder to dispose of. I would recommend you learn more before buying into one. If WorldMark is what you want they have them for sell all the time on eBay and WMOwners. You will also find them in the tug Market Place from time to time.