Buying off of Ebay

[FreeTime]

Has anyone bought a timeshare of of ebay? I noticed one for SSR last night that is at $53 per point right now. I am not interested in it but am more so looking at a few Lake Tahoe ones. However, they are so cheap that I am thinking it is too good to be true. I have checked out the places that the timeshares are for sale at (and have been to some of them). The only thing I can think of is since they are non expiring people are just tired of paying the dues and want to dump them. I read carefully to make sure you would be getting the deed and it is not just for a week. Is buying from ebay a ripoff? Thanks

 

[irishbacker92]

You can find a lot of good information the tug boards.Timeshare users group. www.tug2.net They are to all things timesharing like the disboards are to disney.

 

[GadgetRick]

Yes, go over to TUG, read up on all of this. You'll want to know who the good sellers are but, you CAN get deals which seem too good to be true. Just do your homework. There are LOTS of deals out there right now as the economy is still hurting.

 

[toocherie]

I third the advice to check out TUG. I did buy a timeshare (non-Disney) off of ebay--it was a Marriott--and it worked out fine but I do admit I was nervous till I got official notice from Marriott. I did, however, get a really good deal--so it was worth the anxiety! I did a LOT of reading on TUG and "talked" to a few people (including some incredibly helpful people here on the Dis) before I made my winning bid.

 

[stlrod]

I sold my Marriott Cypress Harbour on eBay. It worked out very well. I sold it for a higher price for what than a timeshare broker was asking (and it was only about $2,000 less than waht I had paid for it after eight years of enjoying it.). It's been a couple of years, but if my memory is correct, I took a $500 deposit and then turned it over to a 3rd party to finish the deal. Everything went smoothly.

 

[Dizny Dad]

Remember that no matter which broker you use, the deal still has to go through Disney, as they hold the "Right of first refusal" (ROFR). So one may find great offerings on ebay, but Disney still has the last say.

I'm not saying the deal on ebay is not OK, just a reminder of the power Disney has reserved for themselves (as in all things!)

 

[toocherie]

Remember that no matter which broker you use, the deal still has to go through Disney, as they hold the "Right of first refusal" (ROFR). So one may find great offerings on ebay, but Disney still has the last say.

I'm not saying the deal on ebay is not OK, just a reminder of the power Disney has reserved for themselves (as in all things!)

Good point--except that the OP indicated he was not looking at a Disney timeshare on ebay. However, other timeshare companies also have ROFR rights so it is an important consideration. I would certainly not deposit much money until such time as it had passed ROFR.