Another resale on Ebay

[Dean]

Originally posted by goldilocks_63
But are we going to $100/ pt in December....

Someone posted this here about a few weeks ago...

Is it true?

Goldi

I would seriously doubt it but you never know. My guess is no change until next early summer then a couple of small jumps or one larger one to $99 pp by Xmas 2005. I'm expecting that price to get us along for a while. And I would not be surprised to see the price hold for 2 or 3 years. Remember most price jumps have been in association with a new resort. They usually pull the ploy of raising the price but let people buy at the old price for a while. It is very effective it appears.

 

[DebbieB]

This auction ended with no bids. I thought the price was high considering the banked points had to be used by Jan 31. Considering closing time, that didn't leave much time. Also having to pay 2004 maintenance, closing costs, etc. It might have been more worth it if the 2004 points were left. I don't understand why the 2003 points were left and 2004 gone unless there was a cancellation with the 2003 points.

 

[offtheice]

Originally posted by rphjr
Another resale on Ebay. Price actually seems resonable. I'm curious to follow this to see how it does. I'm guessing the owners are trying to save the commision, not just trying to get a huge price. If these Ebay resales start working well do you think it will have an impact on places like the timeshare store. I know if I could get a reasnoable price on Ebay and save the 10% fee or whatever places like the timeshare store are charging I'd do it myself.

I have heard of some horror stories coming out of resales. The seller by law doesnt have to tell you how far back he is on his payments towards the loan or even the dues. Lets just say you buy one for 10,000.. His dues are backed up for a 1yr. Do you know you cant use it , until the dues are paid off and you wont find this out until the sale is final..

 

[TheRustyScupper]

Originally posted by offtheice
I have heard of some horror stories coming out of resales. The seller by law doesnt have to tell you how far back he is on his payments towards the loan or even the dues. Lets just say you buy one for 10,000.. His dues are backed up for a 1yr. Do you know you cant use it , until the dues are paid off and you wont find this out until the sale is final..

Partially True.
1) Most timeshares won't transfer with outastanding balances.
2) If a lien was placed, your title insurance will protect for it.
3) You DO buy title insurance don't you?

 

[Dean]

Originally posted by offtheice
I have heard of some horror stories coming out of resales. The seller by law doesnt have to tell you how far back he is on his payments towards the loan or even the dues. Lets just say you buy one for 10,000.. His dues are backed up for a 1yr. Do you know you cant use it , until the dues are paid off and you wont find this out until the sale is final..

With a proper contract, you should be protected in this area. The problem is in points availability, as a rule the closing agent doesn't document or guarantee availability, only the number of yearly points. Then it falls back on the broker and seller to "make it right". This is no different in non DVC timeshares where the other problem is you may get a different unit type than you thought you were buying.