• Welcome to the FREE TUGBBS forums! The absolute best place for owners to get help and advice about their timeshares for more than 32 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 32 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 32nd anniversary: Happy 32nd Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    All subscribers auto-entered to win all free TUG membership giveaways!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 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 $24 Million dollars
  • Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
  • Now through the end of the year you can join or renew your TUG membership at the lowest price ever offered! Learn More!
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of 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!

Thinking of buying a resale

C

creed5661

TUG Member
Joined
Feb 20, 2010
Messages
4
Reaction score
0
Location
Carpentersville, IL
This is a pretty straight forward and simple question. We have found a TS on your website we are interested in maybe purchasing. Where do we start and what is involved in sale and closing. Its in aruba if that helps.
 
Hi and welcome to TUG! :hi:

If you found it in the TUG Marketplace, the first step is to use the link in the Ad to contact the seller and discuss everything with him/her.

Besides price and terms, one of the critical issues is using a professional closing company. If this TS is virtually free, you may want to go with a basic no-frills deed transfer which will cost around $100. If you are spending several thousand dollars, you may want a full-service closing with escrow and title search, which should be around $350.

If you are new to timesharing, I encourage you to do a LOT of homework before you buy. Buying a TS is kind of like getting married - it is easy to get into it, and difficult to get out of it. I recommend a long engagement! ;)

It is perfectly fine to discuss the purchase here in this thread and post the name of the resort, terms, price, closing company, etc., so Tuggers can advise you on this purchase.

I also recommend that you go to our Advice page and read everything about buying a TS.
 
reedcr5661 said:
This is a pretty straight forward and simple question. We have found a TS on your website we are interested in maybe purchasing. Where do we start and what is involved in sale and closing. Its in aruba if that helps.
Click to expand...
Denise gives great advice BUT Buying overseas can be tricky. So Aruba is great but buying there may be a lot more complicated than the advice you'd get if you were just buying a TS in Florida, NC or Hawaii

Good Luck and take your time before buying.
 
we went here last year and used our friends TS and went to the presentation.. The price is about half of what they want and we are familiar with the concept we have Disney and our friends have three. We just are not sure of the process being a private party. So I guess we should contact her as our first step. Is there a list of reliable closing companies that TUG members have used?
 
Paying half the retail price in this economy is probably still too high. I would do a lot more research on the price. Most TS's are selling for 0-10% of retail - this resort may be an exception, but there are very few TS's that are selling for 50% of retail these days.

Where else have you looked - I'd for sure check eBay and Redweek.com for comps.

What is the resort and the price?

See the TS Business ratings at the top of this forum for closing company ratings.
 
Last edited:
What season? Size unit?
 
A 2 bdm. week 47 (gold?) sold on ebay for $10,900 on Feb. 16. (You have to be registered and logged into eBay to access this link.)

Here are the current auctions on ebay - right now there are 2 gold weeks and one has a bid of $4K and another one has a bid of $5K, so I would do a lot more research before I spend $13K.
 
Last edited:
I don't have a dog in this race.

But I do wonder about the person who posted the timeshare for sale on this website reading the comments in this thread and seeing the possibility of a sale disappear because some posters claim the asking price is too high.

I don't know if it is or isn't too high. I do know the price I'm willing to pay for a unit might be more than what many other people think is reasonable. If it is reasonable to me as the buyer, then it is between me and the seller.

So, my advice to the buyer (the OP) is to start negotiating. If you like the unit, the week, and many other things, try to lower the price through negotiation. Don't set an unreasonably low price and tell the seller that is all you will pay because that is the advice you got in this thread. Decide what you are willing to pay to get that unit because that is the unit you want. If the seller budges, fine. If not, move on. Or, maybe, just maybe, you decide you want that unit so much you agree to the seller's price. Again, it is between you and the seller.
 
DeniseM said:
A 2 bdm. week 47 (gold?) sold on ebay for $10,900 on Feb. 16. (You have to be registered and logged into eBay to access this link.)
Click to expand...

For information purposes, that auction was re-listed. (I assume it's because that original audtion stated the week as both platinum and gold in a few places), and it is the same unit as the "current" $5000 one that was referenced.

(Actually, Denise's "advertising" maybe just caused a second bid on that one..... no longer $5k :) )

Here are the current auctions on ebay - right now there are 2 gold weeks and one has a bid of $4K and another one has a bid of $5K, so I would do a lot more research before I spend $13K.
Click to expand...

A lot more sales history data from ebay for that resort is available to TUG members here (on the Sales History tab).
 
Last edited:
Bwolf said:
I don't have a dog in this race.
So, my advice to the buyer (the OP) is to start negotiating. If you like the unit, the week, and many other things, try to lower the price through negotiation. Don't set an unreasonably low price and tell the seller that is all you will pay because that is the advice you got in this thread. Decide what you are willing to pay to get that unit because that is the unit you want. If the seller budges, fine. If not, move on. Or, maybe, just maybe, you decide you want that unit so much you agree to the seller's price. Again, it is between you and the seller.
Click to expand...
I agree ... and more...

You will see (at times) lots of discussion on the integrity of various ebay sellers, and also discussion from those that "got burned". My points are that
  • all ebay sellers are not created equal
  • in general, a few ebay sales data points do not reflect "market price"
  • buying a more expensive resort on ebay feels riskier than the cheap "dollar" ebay sales
  • ebay is NOT the way to go for all people / all situations...
 
It seems like some of you are saying that I shouldn't have posted lower priced Comps for the TS in question, so that an unknown advertiser on TUG can sell their TS for a possibly inflated price?

I understand that you are probably trying to protect a TUG member and help them get the best price for their timeshare, but like all website that have TS Ads, many Ads in the TUG classifieds are priced way too high and many, many of them are posted by resale companies, not private owners. I could be wrong, but based on the Ad the OP was looking at, he is considering a TS that is both over-priced and being sold by a commercial entity.

Commercial entities that join TUG are welcome to post Ads in the classifieds, and do, but I feel absolutely no responsibility to bolster their sales by hiding information from newbies. TUG is all about sharing honest information. YMMV
 
I agree, Denise.... In no way did I think that you should not be posting lower priced Comps. My posts were hopefully just adding additional information to consider.

Plus I wanted to mention about the Marriott sales history data from ebay that I log, as I feel that some people are not aware... Thx
 
DeniseM said:
It seems like some of you are saying that I shouldn't have posted lower priced Comps for the TS in question, so that an unknown advertiser on TUG can sell their TS for a possibly inflated price?

YMMV
Click to expand...


Not exactly. I don't know if the price is inflated or not. I do know that whether or not the timeshare is appropriately priced is the buyer's decision. Comparables are a factor. Availability is another.

As an example, in the opinion of some, my wife and I may have overpaid for one of the timeshares we bought resale three years ago. However, we had the money, we wanted that resort, we wanted that room, and we wanted that week. And, we saw similar or "lessor" units way overpriced on some of the resale websites. So, we negotiated a price that was reasonable to the seller and to us and we bought. We've enjoyed the unit, the resort, the island, and the entire vacation experience and will for many years to come. If we overpaid, it was well worth it. To the OP, possibly overpaying may be worth it just to get the unit and enjoying the entire vacation experience now and in the future. Only the OP knows that.

So, I would like to gently suggest that the OP negotiate a price he/she (they, if I read the post correctly) finds reasonable and make the purchase. If the seller won't budge (and he should given your comparables) then the OP should walk away. If the OP likes the unit so much he is willing to pay the sellers price, then so be it.

Also, I know someone who asked my advice on purchasing at one of the timeshares I own and that person didn't follow it. Now that person regrets setting too low a price and losing the Ebay auction.

So, to me, it is also important that the OP not regret losing the unit by setting unreasonable price demands.

Finally, Denise, I hope you don't take my posts personally. I'm not attacking you or your advice. I'm simply trying to point out how complicated something that appears to be simple can be.

:)
 
The real point that I was trying to make is that the OP needs to do some more research before buying, and I bet we can all agree on that. :hi:
 
You must log in or register to reply here.
Top