I just won an ebay auction from a private party. I won the auction for $405.00. The auction stated the resort will handle closing and the resort transfer fee is $75.00. Total due is the winning bid of $405.00 plus $75.00 for a total of $480.00. In the auction the seller said payment was to made via PayPal. The auction also stated the seller would pay the winning bidder $500.00. In the end that will be a net to me of $20.00. The seller has contacted me and asked me to either send him a certified check or if I want to pay via PayPal to pay his fees (fees were not mentioned in the auction.) He said when the deed is transferred he will send me a certified check for $500.00. How can I be sure I will get the $500.00 from him? I think the resort should be handling the exchanging of monies. I will call them tomorrow and inquire. What is your opinion on how to proceed?
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How to handle a personal resale
- Thread starter klynn
- Start date
Fern Modena
TUG Lifetime Member
This whole thing stinks to me. Why would he pay YOU to buy the timeshare from him? I wouldn't count on getting anything back from him...
Want to share the EBay listing so we can see how it was written? Sounds very, very suspicious to me...
Fern
Want to share the EBay listing so we can see how it was written? Sounds very, very suspicious to me...
Fern
Saw that auction as well
Why not have him send you a contract to sign and a $20.00 check after the deed is recorded? Assuming it is legit, sounds like he is just trying to unload the timeshare and maintenance fees (it is a March week in Minnesota).
- Michael
Why not have him send you a contract to sign and a $20.00 check after the deed is recorded? Assuming it is legit, sounds like he is just trying to unload the timeshare and maintenance fees (it is a March week in Minnesota).
- Michael
king1
TUG Member
Sounds legit to me--if I owned a March week in that deep freeze, I'd pay you $1000 to take it off my hands!
Fern Modena
TUG Lifetime Member
Looks to me like you owe him reimbursement of the maintenence fee, too, which means he doesn't owe you anything, you owe him...
Fern
Fern
This smells of the current fraud out there of saying they will give you money back. I have my car listed on AutoTrader & must get two of these e-mails a week. Plus the seller has no ratings from Ebay.
I would immediately step back & get confirmation from the resort that he owns the week he sold. Based upon that information & how comfortable I was then feeling, I would either proceed or use an escorw company to handle the transaction.
Jan
I would immediately step back & get confirmation from the resort that he owns the week he sold. Based upon that information & how comfortable I was then feeling, I would either proceed or use an escorw company to handle the transaction.
Jan
jperkins
TUG Member
If this is a deeded week I don't think the resort is going to handle the deed transfer. They of course would change their records to reflect the new owner once the deed work is done and probably charge $75 for this.
- Joined
- Jun 7, 2005
- Messages
- 4,158
- Reaction score
- 252
- Location
- Clinton TN
- Resorts Owned
- Tristram's Landing, Tree Tops Gatlinburg, Mystic Dunes, Sheraton Vistana Spas & Fountains
Sounds like a scam to me, but if you really think this week is worth the annual maintenance fees, I would insist on using an escrow service (though you really should have done that before bidding).
Even if you pay with a credit card, they can string you along until the time limits for Paypal and credit card disputes is past.
Sheila
Even if you pay with a credit card, they can string you along until the time limits for Paypal and credit card disputes is past.
Sheila
I talked to the resort today
The resort verified ownership. They will prepare the deed and do the transfer paperwork for $75.00. The seller also wrote me back and said he will transfer ownership without me sending him the $480.00. He said he will send me $20.00. (The difference of the total purchase price of $480.00 and the $500.00 from him). Sounds fair to me. So basicallly I got a free week, can use it in 2006 for free, and I can convert it into 42,000 RCI points if I want.
The resort verified ownership. They will prepare the deed and do the transfer paperwork for $75.00. The seller also wrote me back and said he will transfer ownership without me sending him the $480.00. He said he will send me $20.00. (The difference of the total purchase price of $480.00 and the $500.00 from him). Sounds fair to me. So basicallly I got a free week, can use it in 2006 for free, and I can convert it into 42,000 RCI points if I want.