Looking for feedback with someone who purchased via SellMyTimeshareNow

[Travelisfun]

Hi

Anyone has purchased with these "broker" would like to share their experience?
How was the process?
When did you had to make final payment?
How long it took to have the transaction completed?
Any advices will be appreciated
Thanks

 

[LannyPC]

I have not purchased through them or any TS advertised on their web site but here is something that merits consideration about buying a TS listed on SMTN. Listing prices there tend to be way overpriced. Did you do some research to see if you could find something similar on other resale web sites for a lot less?

Maybe you did your research, maybe you didn't. Maybe this one you see on SMTN is the only one that suits you and you don't mind paying the price. I'm just pointing out that listings on that web site are usually overpriced and you can usually get something similar for a lot less if you look around.

Just a thought.

 

[T-Dot-Traveller]

Hi


How was the process?

Any advices will be appreciated
Thanks

There are TUG members who have posted that they bought through SMTN .

I believe I have seen posts that mention being required to use a closing company affiliated with SMTN
and that the closing $ cost was " high" . ( perhaps 1 K / I am going by memory ) .

If the week was specific to the purchaser's requirement ; they proceeded based on " amortizing the extra $
over the years of use .

 

[Travelisfun]

Hi

Yes I did a LOT of research and have experienced private resales for the same product in the past.
What I am looking at on SMTN, I bought the same and pay more in private resale.
Also the listing is at $17000 and the broker tells me the seller would accept $10000 with all fees included.
This is a great deal, so now must do my search on SMTN

 

[TUGBrian]

somehow I find it hard to believe a resale is available for 17k on an upfront fee website...and its a "good deal" =) (especially with the mention its far less than the price from a private seller).

anything is possible however!


if you feel what you are buying is a good deal, you should move forward with it!

 

[Panina]

SMTN closing fees were high and they told me they were none negotiable.

What are you trying to buy, where and when and size, we have many members on tug that can give you their input if they think it is a good deal.

 

[tschwa2]

The closing company and broker will get their money even if you negotiate an all in price. So probably $1200-1500 of the total won't make it to the seller but usually after an extended period of listing many owners are ready to give up and take any offers.

I've bought twice when I found something I didn't think I could get elsewhere or couldn't get elsewhere without waiting another year or two. In both cases I negotiated an all in price that I was willing to pay. Before the deal is made you are dealing with a broker, and after the deal the closing company. I think on my it was Timeshareclosingservices which I had used with an ebay closing once or twice.

The first of the two buy experiences was average. Nothing went wrong and the time to transfer wasn't particularly fast or slow. Maybe 8 weeks total.
The second experience was dismal and although the resort doing the transfer was probably at least half to blame the closing company made several errors themselves and certainly didn't keep on top of things and probably caused delays of more than 4 months fixing mistakes that were make. That closing took over a year and it got to a point where I told them I would not pay the MF and expected use or I would walk away and wanted the deposit back. By that time the poor owners were willing to pay anything just to get out of it and did not want to start over. I tried to contact the broker to help and although he was nice and always got back to me, it seemed like he had zero ability to do anything once the closing company took over.

If you know the value of what you want and think the price is right, I would buy through SMTN but the closing and communication is probably the same or even slightly worse than your average ebay closing and you would think that if someone was making $1200-$1500 on a closing it would be impeccable fast service.

 

[RNCollins]

What are you trying to buy, where and when and size, we have many members on tug that can give you their input if they think it is a good deal.

Hi Travelisfun,

I agree with Panina... Let us know what you are looking for... we may be able to point you in a better direction than SMTN.

 

[Travelisfun]

The price of the closing cost will be included in the deal.
So the owner may get about 8k of it.

I am not in a rush to buy so I will keep doing my homework about SMTN

In the past I bought 6 resales for rental purposes and this is the same for this one. So yes I know the value of this product. They are rare to find, since 2012 I am looking for resales. Only this time the one I am interested is on this website


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[vacationtime1]

The price of the closing cost will be included in the deal.
So the owner may get about 8k of it.

I am not in a rush to buy so I will keep doing my homework about SMTN

In the past I bought 6 resales for rental purposes and this is the same for this one. So yes I know the value of this product. They are rare to find, since 2012 I am looking for resales. Only this time the one I am interested is on this website

It sounds like you know what you are doing, so I say, go for it.

SMTN is a funny site. Owners pick the listing price without any guidance. Right now, they have a 148K Kierland unit listed for $10K -- about 40% less than what I think it is worth. And a 37K Kierland listed for $12.5K -- about 12.5x what I think it is worth.

 

[TUGBrian]

I doubt you have much to risk if your only concern is being scammed...ads on there cost hundreds of dollars or more to post.

id certainly do my due dilligence to verify exactly what you are buying before any money changes hands...for most sites (even TUG) the site itself doesnt verify the contents of every ad...so taking it at face value and not doing any sort of verification puts you at significant risk of buying something other than what you thought you were.

 

[icydog]

I would never buy anything from them. I visited their offices in Orlando and all I saw was a giant room full of phones and lots of men (almost all men) talking on the phones. This was not a traditional real estate office. I will leave you to your own conclusions.