• 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!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

How to buy

steffb

Guest
Joined
Jun 11, 2024
Messages
3
Reaction score
1
Hello! I am considering buying a resale but I am curious as to what questions I should be asking. It is a points based membership (and i have done a tour at the resort in question, so i feel like i understand how it works for the most part), but I am just not sure if there are other typical questions I need to be asking. I have asked about closing costs/transfer fees, but are there others?
 

Passepartout

TUG Review Crew: Veteran
TUG Member
Joined
Feb 10, 2007
Messages
28,763
Reaction score
17,662
Location
Twin Falls, Eye-Duh-Hoe
Be sure that resale owners are treated (have the same access, and exchangeability as retail owners) Consider asking the seller (or resort for a estoppel, so you know exactly what they are transferring to you.
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
58,152
Reaction score
9,738
Location
Northern, CA
Resorts Owned
WKORV, WKV, SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 2 Lawa'i Beach Resort!
If you tell us the name of the resort or system, we can provide a more specific answer.
 

montygz

TUG Member
Joined
Feb 27, 2012
Messages
841
Reaction score
661
Hello! I am considering buying a resale but I am curious as to what questions I should be asking. It is a points based membership (and i have done a tour at the resort in question, so i feel like i understand how it works for the most part), but I am just not sure if there are other typical questions I need to be asking. I have asked about closing costs/transfer fees, but are there others?
1. How are resale owners treated vs. developer bought? Are the rules different?
2. Do I have access to lots of trading opportunities? For example, is it in RCI or Interval? Is it a good trader or points resort?
3. Does the quality of the resort and other properties in the system meet my expectations?
4 Are the maintenance fees and fees to exchange competitive with competing resorts and resort systems? Are they likely to go up faster than I expect?
5 How hard is it to get rid of when done using it?
6 Am I buying enough timeshare where I don't need to buy more later? Or vice-versa, am I buying too much?
7. What is the cost of entry? What fees are there and who is paying? Sometimes the seller will pay all the fees -- but when it is your turn to sell you will need to pay those as well to unload it. Get a list of all the fees needed.
 

steffb

Guest
Joined
Jun 11, 2024
Messages
3
Reaction score
1
1. How are resale owners treated vs. developer bought? Are the rules different?
2. Do I have access to lots of trading opportunities? For example, is it in RCI or Interval? Is it a good trader or points resort?
3. Does the quality of the resort and other properties in the system meet my expectations?
4 Are the maintenance fees and fees to exchange competitive with competing resorts and resort systems? Are they likely to go up faster than I expect?
5 How hard is it to get rid of when done using it?
6 Am I buying enough timeshare where I don't need to buy more later? Or vice-versa, am I buying too much?
7. What is the cost of entry? What fees are there and who is paying? Sometimes the seller will pay all the fees -- but when it is your turn to sell you will need to pay those as well to unload it. Get a list of all the fees needed.
Thank you! Very helpful!!!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
22,549
Reaction score
8,243
Location
Florida
Top