DRH90277
TUG Member
- Joined
- May 3, 2015
- Messages
- 937
- Reaction score
- 732
- Points
- 204
- Location
- So Cal to N Carolina
- Resorts Owned
- Marriott: Ocean Watch, Newport Coast, Grand Chateau, Custom House, Timber Lodge, VCP's.
I have bought resale timeshares from listings on Red Week, and I have had no problems. Of course, the Right of First Refusal (ROFR) comes into play and Marriott has taken some. In some cases, I have even paid more than the listing price to avoid the ROFR exercise.
I saw a few eBay timeshare listings yesterday and have some interest in one property. However, my concern is with eBay's auction approach as well as the chance of success considering the ROFR. If someone told me the auction process results in a high probability of an ROFR loss because of uninformed bidders, I wouldn't be too surprised. I guess I wouldn't be surprised at someone overpaying for a bad season timeshare either.
Please share any particular risks or problems in buying a timeshare on eBay. I suspect the ROFR is a big threat in that one wins the auction and then the ROFR process kills the deal - a lot of messing around. Any insights or experience you could offer?
I saw a few eBay timeshare listings yesterday and have some interest in one property. However, my concern is with eBay's auction approach as well as the chance of success considering the ROFR. If someone told me the auction process results in a high probability of an ROFR loss because of uninformed bidders, I wouldn't be too surprised. I guess I wouldn't be surprised at someone overpaying for a bad season timeshare either.
Please share any particular risks or problems in buying a timeshare on eBay. I suspect the ROFR is a big threat in that one wins the auction and then the ROFR process kills the deal - a lot of messing around. Any insights or experience you could offer?
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