[2010] Spicebush (Hilton Head) - I Will Pay you $1000 to take deed

[jsrkrr]

Spicebush at Sea Pines in Hilton Head, SC (Formerly Marriott Spicebush). Week #4. 2010 Maintenance Fees are already fully paid.

Unit still trades reasonably well; especially if you are able to travel off season. Seems to still trade well with Marriott's.

I am divesting my timeshares and no longer wish to own. Before I pay a 3rd party to take this, I want to offer to a TUG user. In order to make sure I deal with legitimate "buyers", I require you to pay closing costs. Once the deed is transfered and the transfer is verified with the resort -- I will pay the "buyer" $1000.00.

I do not have experience selling timeshare before, so I am willing to work with any closing/transfer company that is endorsed in these BBS forums. I am also willing to sign a contract committing to the payment or putting the money in a reputable escrow account that is mutually agreed upon.

 

[Patri]

Is the timeshare paid off?
Your tactic is odd. If you offer it for free and pay closing costs through escrow, why would it not go through correctly? That's what an escrow company does.

 

[DeniseM]

Unit size?

Maintenance fee?

Thanks!

 

[dougp26364]

Is the timeshare paid off?
Your tactic is odd. If you offer it for free and pay closing costs through escrow, why would it not go through correctly? That's what an escrow company does.

Not so odd when you consider one of the alternatives is to pay a company $3,500 to take your timeshare off your hands only to find all they do is have you give them POA to sell your unit. If they don't sell it, you're out the money and still own the unit and still have to pay MF's. By making this offer the seller is saving $2,500 and making the timeshare attractive enough to move fast.

 

[TUGBrian]

Not so odd when you consider one of the alternatives is to pay a company $3,500 to take your timeshare off your hands only to find all they do is have you give them POA to sell your unit. If they don't sell it, you're out the money and still own the unit and still have to pay MF's. By making this offer the seller is saving $2,500 and making the timeshare attractive enough to move fast.

perhaps its just in the wording...but I read it that the BUYER has to pay closing costs, but will get 1000 after its done?

not sure if thats what you meant, but its certainly odd.

 

[jsrkrr]

Clarification

Thanks for all the responses. As I mentioned I am new to selling a timeshare, so I don't understand the whole process associated with closing and escrow.

First some more information of the unit:
Spicebush at Sea Pines
Week #4
2 Bedroom, 2 Bathroom
2010 Maintenance Fees were $830 (they are already paid)
The timeshare is fully paid off (I bought it on the resale market about 10 yrs ago)

My proposition is that I will pay someone $1000 to take the property. I am suggesting that the "buyer" pay the closing fees so that I know they are serious about the transaction. Once everything is clear ... I will then give the "buyer" $1000. I am OK with putting the money in escrow up front so they know I am serious and will follow through.

I'm also OK with altering the transaction if there's an alternative way of doing it.

Again the premise is --> you get the timeshare + $1000 + future maintenance obligations starting in 2011.

 

[Patri]

Not so odd when you consider one of the alternatives is to pay a company $3,500 to take your timeshare off your hands only to find all they do is have you give them POA to sell your unit. If they don't sell it, you're out the money and still own the unit and still have to pay MF's. By making this offer the seller is saving $2,500 and making the timeshare attractive enough to move fast.

Yes, and I was going to post about that, but on rereading the post, he was going on to other potential buyers, not a PCC.

 

[TUGBrian]

Yes, and I was going to post about that, but on rereading the post, he was going on to other potential buyers, not a PCC.

sorry, i didnt mean to imply that offering 1k to take it was abnormal (ive seen similar before)

I didnt quite get making the buyer pay closing costs, only to recieve 1000 after the sale. Id think if the seller wanted to make the deal happen as quickly and easily as possible, that they would pay CC as well.

 

[GoingSouth]

Is this still available?

Jeanne

 

[icydog]

In essence you would be getting the maintenance fees for 2012 and the closing fees for free. That would equal around $1000.

 

[DeniseM]

Please note - this offer is from Feb. 10, 2010 - it is 15 mos. old.

When you use the search function, be sure you check the dates of the posts you are pulling up - they can go back as far as 2005.

 

[tahoeJoe]

Memory Lane

Spicebush at Sea Pines in Hilton Head, SC (Formerly Marriott Spicebush). Week #4. 2010 Maintenance Fees are already fully paid.
.

Wow, talk about a trip down memory lane. Week 4 at Spicebush (aka Mariott Spicebush) is the first timeshare I ever purchased, over 12 years ago. When it was a Mariott property it traded well, even though it was very low season. I think it was classified as tin, or maybe pewter, well below bronze season.

Anyway, when Marriott announced it was dumping Spicebush and Swallowtail , I traded for a Mariott Harbor Club week. Eventually, Marriott resold Harbor Club for me and netted me $3k for a week that I really only paid $500. Those were the days.....

-TJ

 

[tahoeJoe]

For the record

Just for the record, I purchased the Marriott Spicebush property resale. Even though I had yet to discover TUG, I had discovered E-bay.

-TJ