Secondary market purchase of Cabo Villas Resort

[neu1212]

Has anyone bought a timeshare at Cabo Villas Beach Resort on the secondary market, or sold one on the secondary market? We have inheirited a unit previously owned by a family member, need to buy out the other heirs, but struggling with a fair price. They have asking prices online of $1200-$9000 plus. He also had joined Global Adventures and has a contract for Diamond Resorts that has not yet gone into effect. Sounds like from other threads that the Global Adventures is not worth continuing, I don't know about the Diamond Resorts. Thanks for any help!

 

[DeniseM]

There is a simple rule of thumb with timeshare business offers:

NEVER pay an upfront fee - no matter what they call it - REPUTABLE brokers takes all fees out of the proceeds of the sale - AFTER the sale.

Right now, most timeshares are selling for 0-10% of original retail. Because there is more supply than demand, Mexican timeshares have been especially hard hit. Many people have nice timeshares they can't even give away.

Here's how to find out what your timeshare is selling for on the resale market:

1) Register with ebay
2) Sign in
3) Search for your resort by exact name
4) On the next page click "completed listings" in the menu on the left
5) The next page will show you current selling prices

(Be sure you look at the completed listings - those are actually SELLING prices - you will find asking prices all over the place, but what really counts is what they actually sold for.)​

If you poke around a bit, you will see that there are more than 300 timeshares listed on ebay for $0-100 - most with no bids. Many people are having a hard time even giving away their timeshares these days.

If you discover that your TS has no resale value, it may be possible to give it away, if it is paid off, and all your fees are up to date. Let us know if you want more info. on that.

On the other hand, if you don't have to get rid of this timeshare, we can definitely help you get more use out of it. Let us know if you want more info. on that.

 

[easyrider]

The Cabo Villas timeshare should count as a deficit and the other heirs should be paying you to take care of it, imo.

Unless its an ownership of one of the bay view suites, in which case, it might be worth something.

 

[oldbuyer]

I own many CV contracts and stay there multiple weeks annually. Clear your mind of what your relative paid for the unit as that is the cost of a TS education. If the contract is for a one bedroom deluxe unit it's worth about $500 including the global adventures membership. The global membership is worthless unless you need extra CV weeks and has a 119 annual fee after the first year. Same for the II membership you received in the developers sale.
If it's a one bedroom exec with spa it's worth 1000-1500
The two bedroom units are worth a few hundred more than the execs.
Bayview 2 bedroom units are worth the most but have high MF fees and have a value of no more than $2000.
Best part of CV is the transfer fee is currently $100
Worst part is they had their first special assessment last year but it was small around $100/unit.
Contact me by PM if you need transfer information or have additional questions. I am very familiar with this resort.