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  • A few of the most common links here on the forums for newbies and guests!
  • The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!

How do I buy Timeshare?

itsmepersis

newbie
Joined
Apr 10, 2008
Messages
3
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Location
new york
Can someone please give me a quick crash course on how to buy? Someone emailed me and offered me a free timeshare. all i have to do is pay for the closing costs. Does that sound right? Please explain how this works?

Thanks
 
There's a lot of 'how to buy' advice on this board and I'm sure Denise will show up with the link she keeps handy.

I'm more concerned about the offer itself.

Someone emailed you - someone you know or a response to an inquiry you made?

Let's assume it's not some random spammer. Is this a resort you are interested in owning? If you think maybe it is, have you determined how it will fit into your vacation plans? Do you expect to go there every year or trade it or what?

Do you know what the annual maintenance fee amount is? Have you verified that this unit is paid up on all fees? Have you done some reasonable research to satisfy yourself that there isn't a planned special assessment that the current owner is trying to avoid?

Since your registration here is brand new, I'd say SLOW DOWN if you weren't already in the market for a timeshare or if you were, but this one was not on the radar.

It could be a great purchase. It could be a disaster. Tread carefully, as timeshare isn't an easy thing to rid yourself of once you own it. Ask the seller why they are selling.

Also, what is the amount of closing costs and what exactly does that amount cover? There could be other fees outside of "closing."
 
Click on the "Advice" link at the top of the page. There you'll find links to general timeshare advice and (scroll down) advice specific to how to buy timeshares.
 
Free timeshares can be a curse as well as a blessing. It's likely that the person who is offering you this timeshare has been unable to sell it - at any price. Thus, if you take ownership, you'll be in the same situation if you later change your mind - owning an unwanted timeshare but having the legal obligation to pay annual maintenance fees of perhaps $500 or more.

Please slow down, as others have suggested in response to your other posts. If you ultimately want a free timeshare, there are lots of them around.
 
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