I am attemtping to buy a second timeshare. Have been looking at several sites as well as Ebay. What would be a couple of questions a buyer can ask to verify that what they are selling is actually legit? Is there a way of contacting Wyndham and verfying seller info but buying an auction? I am interested in obtaining a wyndham points resale. Thanks for your advice and suggestions.
everal ways, these are what I know
1.Ask them to provide you a contract number, and call resort, that way, you will verify everything. You may get it before the bid, or may get it after you win the bid and when they ask you to send the money. The problem is, sometime, resort does not have to do that unless you also get current owner's approval. And a few times, the seller does not willing to provide the contract number unless you win the bid.
2. See who is the closing company, if it is good, then just make a copy of eBay ad, and ask seller to verify what you think is important before you bid through eMail, than after bid, ask the closing company to make sure that is what get delivered.
3. make a copy of eBay ad, and ask seller to verify what you think is important before you bid through eMail. Wait till you pay and get the contract, read everything in detail to make sure that is what you bought. It should have Wyndham contract number, than call resort and verify it. Most of the time, the closing company should have an estope letter to state what you bought, which should be the formal legal document the closing company ask the resort to verify, you can just read that. If anything wrong, point to the seller and closing company and cancel the whole process.
4. make a copy of eBay ad, and ask seller to verify what you think is important before you bid through eMail. Wait till you see a deed copy that actually ask you to sign and notified. Then you can check with the local government. If anything wrong, ask the closing company to return the money. This is workable even if it is a lousy closing company, but you make get the money after a while though.
Generally, when at step 3 and 4, some seller or closing copmpany may ask you to pay certain fee, just report that to BBB or real estate governor body where they reside. Since this is not your fault, you should not pay anything.
Jya-Ning