Help with resale TS purchase details

[SeattleJohn2]

Hello -

Because of the great input from this group, my wife and I have decided to move forward with a purchase of a platinum week 2BR LO at WKV. Since this is our first timeshare, I want to make sure I get some advice on potential pitfalls and best practices for the purchase process. (Sorry for all the questions. It's a lot of money so I want to make sure I get this right!)

I expect the first place to start is with a reputable broker. I've already received a few recommendations from TUG and I will make sure to reach out to them. Nonetheless, I still have a few questions (I re-read the stickies but didn't see any of these questions addressed -- sorry in advance if I missed anything!)

1) Before I joined TUG, I spoke with Jason Reid from company called Discount Timeshares because they have a Plat WKV property for sale. They appear to have an A+ rating from BBB and one complaint in last 12 months (whatever that is worth). Does anyone have experience with Jason and/or Discount Timeshares?

2) How long should I expect the process to take? (I guess 60-90 days.)

3) Is it normal to put the entire cost of the timeshare in escrow at the start or is earnest money sufficient until title transfers?

4) If I negotiate to have closing costs paid by seller, are there any additional costs I should plan for?

5) Is it possible for the seller to make a reservation on my behalf and have it transfer along with title?

6) For WKV, when are maintenance bills for 2016 paid?

7) Has Starwood ever exercised ROFR for WKV?

8) Anything else I should be planning for?

Thanks,
John

 

[SMHarman]

1. No idea from me.
2. 60-90 is about right.
3. Yes.
4. None. Seller may push back on this though.
5. No but you can set the use year to transfer a year later and have an agreement that the seller will reserve prior year for exclusive use of buyer as part of transaction.
6. Jan 1.
7. They do not have the right.
8. Your next vacation.

Sent from my LT26i using Tapatalk

 

[tomandrobin]

1) Never heard of them.

2) My resale took about 45 days. No ROFR.

3) Yes

4) Unusual for seller to pay closing costs, especially in a Sellers market.

5) No

6) January

7) Never, none exists for the resort.

8) Nope.

WKV has been my "goose that laid the golden egg" timeshare. Its done everything for me.....trade, rent, exchange in II, etc.

 

[mauitraveler]

Transfer of usage

Interestingly, when we made a purchase last November, the previous owner made a "home resort" reservation for us as his guest. Then after title was transferred, I called Starwood to place a request for an upper floor and a specific building. They saw in the system that we are the new owners and noted our request for that specific confirmation number. Perhaps a call to Starwood might clarify this concern for you. Good luck with your purchase and happy travels to you!

 

[Ty1on]

1.

http://www.tugbbs.com/forums/showthread.php?t=232113&highlight=discount+Timeshare

http://www.tugbbs.com/forums/showthread.php?t=221964&highlight=Discount+Timeshares

http://www.tugbbs.com/forums/showthread.php?t=217675&highlight=Discount+Timeshares

From comments above, they may not be the most upright reseller, though they are a legitimate one.

 

[SeattleJohn2]

Thanks for the advice! I am moving forward with the purchase at WKV but not with Discount Timeshares. I was able to find the same deal with a broker recommended by TUG so will be working with them.

Cheers,
John