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Help with Ebay purchase

patty5ia

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I won an auction for a timeshare I want to own and the price was good. I just need to know now the process to make sure I get what I think I'm getting. I asked for a copy of the deed and the salesman said he would have the closing company get it and email it to me. That was 24 hours ago and I have heard nothing. Also I plan to pay through paypal with a credit card. Is this the safest way to pay? And what should I make sure that I have before I pay.
Thanks for you help.
 

Bill4728

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The key to not getting ripped off when buying a TS off the internet is to use a good closing company which has a legit escrow service. The closing company will transfer the deed and only transfer the money from escrow when the timeshare transfer is complete.

Do not pay the seller directly!!
 

patty5ia

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This seller uses American Timeshare Closing which I searched on TUG and found negative reports about slow closings. I should pay to the closing company and they will hold it in escrow until the closing is complete, correct? I must pay within the 5 day period and then it is held in escrow until the closing is complete.

Thanks for any and all help.
 

irish

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if/when you send the monies and you get seller information, i would call owner services at the resort and make sure all the details listed in the auction are correct.ex.. name of owner is correct and owns the week, size of room, are m/f's up to date, week you were bidding on was correct etc.
 

swift

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This would make a good sticky post. I see a lot of responses to new members and guests about doing their "due diligence". Many newcomers do not know what that means.
 
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