DVC v. Interval International

[bounceliketigger]

We now have a DVC that we have had for about three years. We are happy with it, but a friend is getting a divorce and offered us a deal on a timeshare that he has. He owns at Villa Del Palmer, Flamingo in Mexico. He is selling it for 40,000 and it has four weeks that are already banked. The timeshare is through II and has two gold weeks a year. I don't know much about II other then what I have learned through Disney, so I don't know if this is a good deal or not. It is for 28 more years and annual dues of 1600. Is this type of property up to disney standards, and will it be a good value for trading? Thanks for the info.

OMG! 40,000 - as in --Dollars??? Not a deal at all, even with 4 banked weeks. We own several timeshares in the US, all have traded great and have bought all on e-bay for under $1000 each. I have a close friend with a Mexico timeshare who said owning out of the country is a huge pain, particularly if you ever want to sell. You have to go to the conselate or something...can't attest to that myself, but I highly recommend you do your homework and check out e-bay.

 

[Dean]

OMG! 40,000 - as in --Dollars??? Not a deal at all, even with 4 banked weeks. We own several timeshares in the US, all have traded great and have bought all on e-bay for under $1000 each. I have a close friend with a Mexico timeshare who said owning out of the country is a huge pain, particularly if you ever want to sell. You have to go to the conselate or something...can't attest to that myself, but I highly recommend you do your homework and check out e-bay.

Actually most MX and Caribbean timeshares are easier to transfer than are deeded resorts. All you have to do normally is fill out a transfer form and pay the transfer fee. Occasionally there are a few rules of who you can sell to and for some, the transfer fee can be quite high, like $1000-2000 and more than the week is worth in some cases. You'll see this type of thing all the time when people buy retail and believe the hype like profits in renting and when you sell later. That's the reason, and only reason, that DVC contains the section in the POS related to not expecting a profit renting and selling even though some thing it's a prohibition on these items.

 

[barney44]

It really depends on what you want, when you want to go, and how far out you plan. San Diego will be tough but I'm not sure how tough, I have no direct experience there. Certainly Four seasons will be almost impossible other than a studio possibly. Atlantis will be almost impossible to very impossible other than possibly short notice of 60 days or less, at least for Feb.

I guess once I pass ROFR, I can try and report back to everyone.

 

[Dean]

I guess once I pass ROFR, I can try and report back to everyone.

Just plan a year or more in advance and keep a search going until you get something some year.