Selling Timeshare to Senior Citizen over 68

[GiaNella]

We purchased a timeshare 2 years ago. My husband was 67 and I was 72. We have someone interested in purchasing our timeshare. They tell us that we do not have good title as a timeshare should not have been sold to anyone over 68. I checked all my paperwork and do not find anything about this there. We were never told this and were required to produce our drivers license with birthday when we purchased. Before I hire an attorney, does anyone have information or experience with this?
Thanks, Gia Nella

P.S. Thank you, Thank you, Thank you. Now, for more information which I got thanks to you:
Buyers went to Vegas and wanted to sign up to get the tour "& free tickets" for a MAJOR timeshare company. They were told they did not qualify as they were over 68. So, they responded to my ad so they could buy a resale and get past the 68 limitation. When they found I was over 68, they assumed the MAJOR timeshare companyh's rule was a law and did not want to buy from me for that reason.
Again, many thanks. You solved my problem........without me payng for an attorney. Does TUG have a charity I can send a thank you check to?

 

[philemer]

Who is the "someone" that wants to buy your week? A company? Individual? I've been around t/s a few years and I've never heard that it was illegal to sell to seniors of ANY age. Certain developers may have age restrictions but I've never heard of a law that pertains to it. Check your paperwork and deed. Does it say anything about age restrictions? Ask your prospective buyer to show you, in writing, where he/she got this info.

Phil

 

[Steamboat Bill]

You guys are still considered "youthful" in South Florida.

 

[johnmfaeth]

As long as a person has not been declared "legally incompetant" by a medical professional, one can buy a timeshare as an adult. Be you 18 or 98 years young, this is called freedom.

 

[Dave M]

There are some laws that protect against selling inappropriate products to a particular group of people. For example, there have been some well-publicized legal actions taken against companies that have sold high-cost annuities to people in their 80s. But who is to say, that someone your age shouldn't take vacations? Probably retired now, you're at an age where you can probably enjoy timeshare vacations more often than some of us working stiffs!

I agree with the comments above. I don't think there was anything illegal or improper about selling you a timeshare. So, why did this person say that? Two possibilities: The person might be trying to get you to sell for less than your timeshare is worth or might be trying to scam you. Or... The person might personally believe that the sale to you was improper, especially if you said, "I never should have bought this timeshare."

 

[sandcastles]

We bought a DVC when my husband was over 68. I would think Disney would be knowledgable enough about the rules to know if they could sell it to us or not.

 

[Emily]

The state of VA just renewed my DH gf's DL for 4 years - he is 92. I'm guessing he could also buy a ts if he wanted.

 

[DaveNV]

The closest thing I'm seeing online to this age 68 limit is if you want to receive gifts when touring a timeshare. Some developers have age limits on who gets the freebies.

Dave

 

[Patri]

Is the buyer a company that wants to take the timeshare off your hands? Do they want money upfront? Do not sell to them. They are a scam. People here will tell you how to sell it yourself if you no longer want it. It's not hard to do.

 

[king1]

There's a strong chance that you are being scammed, since that age stuff is sheer nonsense. Look long and hard at the deal offered, and I'd suggest posting the name of the buyer here before you act. TUGgers are great scam detectors!!

 

[DeniseM]

Wow! A new scam! And how nice that they are victimizing senior citizens!

Please post the culprit's name and company here to warn others about this sleaze ball, and please send a letter to your state attorney general's office with the details.

And you don't need to hire an attorney - a potential buyer has no authority over you or your property.

 

[falmouth3]

The closest thing I'm seeing online to this age 68 limit is if you want to receive gifts when touring a timeshare. Some developers have age limits on who gets the freebies.

Dave

I agree with Dave, this is the first thing that popped into my mind. Some developers seem to have age limits on who they will try to sell to.

Ask your source to provide documentation and I'll bet he/she can't show any rule why you shouldn't have been able to purchase a timeshare.

Sue

 

[Pat H]

Wouldn't the reverse be illegal? Refusing to sell someone a timeshare because they were OVER a certain age would be age discrimination.

 

[DaveNV]

I agree with Dave, this is the first thing that popped into my mind. Some developers seem to have age limits on who they will try to sell to.

Ask your source to provide documentation and I'll bet he/she can't show any rule why you shouldn't have been able to purchase a timeshare.

Sue

Thinking this through one step further: I'm wondering if the OP's person who says they can't have clear title due to being too old to have legally purchased it - maybe they worked for a developer who wouldn't sell to people over a certain age? That would imply that if someone over that age DID buy, they think it couldn't have been a legit sale. So maybe they aren't a scammer, as much as just misinformed? But then, they could also be a misinformed scammer... ???

Dave

 

[rod]

I very much doubt that is there is such a thing as a developer who will not sell to a person over a certain age. However, there are definitely developers who will not give the "freebie" to people over a certain age. I would imagine that people who have reached that certain age with enough money left to otherwise qualify for the tour are pretty much immune to the developer's sales pitch, and the whole point to the "freebie" is to get likely buyers to listen to the pitch. Developers are notorious for being cheapskates.

I don't really consider the "freebie" to be free; not if you have to endure a timeshare sales pitch to get it.

I too suspect an attempt at a scam here.

 

[Keitht]

Wow! A new scam! And how nice that they are victimizing senior citizens!

Please post the culprit's name and company here to warn others about this sleaze ball, and please send a letter to your state attorney general's office with the details.

And you don't need to hire an attorney - a potential buyer has no authority over you or your property.

A tad over-reacting here possibly? Nobody has said that the offer made to the OP is actually a scam, just that they are concerned because the 68 age limit didn't seem to make any sense. As others have mentioned the 68 age limit is in all probability one applied by the company running the sales pitch as their expectation of take up in that sector will be too low for them.
In the UK it is not uncommon to see age restrictions on all sorts of offers. Whether that will have to change with the new age discrimination laws over here I'm not sure.

 

[johnmfaeth]

I agree that the age limits for freebies are becuase the "sell" rate on timeshare tours to certain age and income brackets is too low.

To Dave, the issue with investment products is determined by SEC regulation commonly called "know the client" and "suitabilty of investment" regulations. These govern the conduct of SEC regulated brokers and advisors.

 

[AKFisher]

The state of VA just renewed my DH gf's DL for 4 years - he is 92. I'm guessing he could also buy a ts if he wanted.

ROFLMAO! I first read this and thought it meant "husband's girlfriend" and I thought...What the?

then I realized it is GRANDFATHER :hysterical:

 

[sfwilshire]

ROFLMAO! I first read this and thought it meant "husband's girlfriend" and I thought...What the?

then I realized it is GRANDFATHER :hysterical:

I was going to ask about this also, until I saw your explanation.

Discussing DH's girlfriend would be too open for me.

I don't mind talking about DH's ex-wife from time to time. I had to chuckle recently. A very old and dear friend of his had some great pictures from 30 years ago, but was afraid to let me see them because said ex-wife was in some of them. After being married to the guy for 23 years (next Sunday) if I were still worried about the ex-wife, I'd be a little nuts, don't you think?

Sheila

 

[dougp26364]

I agree with the others who have stated this is a developers limitations to a qualified tour. I was just quoted a developer price a couple of days ago that was $45,000. I know of another developer selling basic 2 bedroom unit for $55,000, and another selling holiday weeks in the $60,000 range. The new Marriott on Marco Island has them in the $150,000 range for certain weeks.

I also knew a man who came to Vegas often. Turnberry had approached him about buying one of their condo's pre-construction. His reason for not buying? His age! His logic was, "How much use am I going to get out of it at my age?" For those over a certain age it's a built in excuse once the price gets to a certain level and, I'm thinking many timeshares in popular tourist destinations are at or above that level.

I don't think there's any laws about selling over a certain age. I think it's developers rules about offering tours over a certain age.