A lot of people that want to sell their timeshares want to sell them 1. because they bought them and dont use them and 2. ( the biggest reason) The are tired of paying the maintenance fees.
Some places charge a transfer fee but some don't. A lot of places just take a commission. However that site said (Buyers, please be aware that in almost all cases you are expected to pay the fees associated with the closing and transfer of the title.) This would be just like the fees you see when you sell or buy a home. I am not sure on the exact %'s they charge though. You also might be on the hook for back taxes and fees. You are paying pennies on the dollar on the original selling price of the timeshare but you then assume all the maintenance fees. Maintenance fees are HORRIBLE. They can go up at any time and usually do ( even though salesman will say its a small increase if any). Where I sold had a package that only could be had with buying at the resort. I'm still not convinced that is the case. We were instructed to pitch that you could rent your timeshare to cover your fees , even rent it back to the resort for that case. That ended up being not true.
If you are looking at buying one of those used timeshares , I would definitely ask about the maintenance fees. There are more questions to ask and if your serious let me know and I will give you more questions to ask. I sold to a lot of people who are extremely happy with what they bought but I also sold to a lot of people who aren't. The key to timeshare is you will only be happy if you will definitely use it. If you aren't sure if you will or even can use it, just stick with renting hotel rooms when you can go on trips.
Last edited by nickerjones; 03-09-2013 at 04:46 PM.
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