Aruba Beach
Page 1 of 3 123 LastLast
Results 1 to 10 of 23

Thread: How are Timeshare Sales executed ?

  1. #1
    Junior Member
    Join Date
    Jun 2008
    Posts
    2

    How are Timeshare Sales executed ?

    Does anyone have a quick process explaination of
    buying someones timeshare ?

    I have spoken with a current owner and have
    Name, Address, phone #'s, week details etc. But still a bit nervous.
    Should I be ?

    Wondering about title's and deeds and such.

    Fell in love with paradise a few weeks ago and
    really want to have a little bit of it for a week a year.

    Thanks in advance.

    Steve

  2. #2
    Senior Member qlaval's Avatar
    Join Date
    May 2007
    Posts
    953
    Go on http://www.tugbbs.com/forums/ to learn about Timesharing, this place is a must...

  3. #3
    Senior Member cindyo's Avatar
    Join Date
    May 2007
    Location
    Reniassance Island & Surf Club Lazy River
    Posts
    5,699
    Maybe if you tell us what location you are thinking of therer might be some owners out there that can give you very specific info....
    We own at the Renniassance which has their own set of rules and timeshare stuff. My suggestion is post the place and members will "find You" so to speak.

  4. #4
    Senior Member dogwriter's Avatar
    Join Date
    May 2007
    Posts
    122
    We just purchased at Casa Del Mar and the paperwork is in progress. Purchased from owner, face to face, needed to get deed signed and notarized from seller and buyer and sent to CDM. They are sending new user's agreement, deed and application. We sign and return. They countersign and send official deed. Process is long, but we are listed as owners already and have banked this year to double-up next summer.
    Walt
    "Vacation is what you make of it, take from it and what you leave behind."

  5. #5
    Senior Member danadog56's Avatar
    Join Date
    Oct 2007
    Location
    everywhere and anywhere
    Posts
    2,798
    just listed a title share company on another question,,,,http://timesharetitle.com
    You can either pay a research fee and they make sure all documents are in order or just use them as a middleman to pass money and title back and forth....very reliable...
    ARUBA....HOME AWAY FROM HOME

  6. #6
    Junior Member
    Join Date
    Jun 2008
    Posts
    2
    Thanks DD,
    I completed an on-line contact form with them early on 4-2-08.
    Haven't had any response from them at all.
    Would have expected at least an electronic acknowledgement
    of having received the form and info.
    Even an automatically generated one. Hmmmm
    I'll let you all know.

    Hope I don't miss my chance in paradise.
    Feel bad for the seller. He must feel like I'm stringing him along.

    S

  7. #7
    Member skompa's Avatar
    Join Date
    Jun 2007
    Posts
    61

    Smile

    I have recently sold a few timeshares to try generate some income to pay for my son's medical expenses. (didnt make a dent into our over million dollar bills, but i can now afford to send them a hundred a week so they dont report me to the collection agency.)

    There are different procedures for different places. I have used First American Title Insurance Agency. They do these everyday. They are very helpful. They hold the money in escrow until it settles and then send you a nice check. The settlement fees are only a few hundred bucks.

    https://www.vacationfirst.firstam.com/

    They are recommended by redweek.com too.
    Thank you for your time,

    Scott Kompa
    skompa@comcast.net

    If you know of anyone that needs to buy or sell a home anywhere in the world let me know as I can help! Scott Kompa, Sales Associate, RE/MAX Connection

  8. #8
    Senior Member aruba here I come's Avatar
    Join Date
    Feb 2009
    Age
    48
    Posts
    337

    some time share questions

    I have been going over the thought to buy some time share in aruba, Just looking for some info that might be helpful. Have been doing some searching but...

    1) Where would you purchase/not purchase time share?

    2) Do you perfer flex/floating/or a set week? and Why?

    3) Can they be financed? What is the going rate for financing? how long do they finance for?

    4) If you do have time share, if you dont use it, hard to rent? or do you just bank it?

    5) any fees involved in transfer from one owner to another?

    6) I see that some are 99yrs (what I would perefer) and 20 years, does that depend on the place or other?


    anything eles you can think of that might be helpful would be great...
    thanks in advance!

  9. #9
    Senior Member cindyo's Avatar
    Join Date
    May 2007
    Location
    Reniassance Island & Surf Club Lazy River
    Posts
    5,699
    Quote Originally Posted by aruba here I come View Post
    I have been going over the thought to buy some time share in aruba, Just looking for some info that might be helpful. Have been doing some searching but...

    1) Where would you purchase/not purchase time share? We own at the Rennaisaance

    2) Do you perfer flex/floating/or a set week? and Why? Set week, we know tha airlines, its school vacation for us. We get to travel with the same people and know lots of other travelers at our resort that way.

    3) Can they be financed? What is the going rate for financing? how long do they finance for? We paid cash

    4) If you do have time share, if you dont use it, hard to rent? or do you just bank it? This site offers lots of options as to renting out. NO, not hard to rent if you get the "right week". you can also join rental places that will do it for you, RCR and intervale. Redweek.com also handles rentals. You state the price.

    5) any fees involved in transfer from one owner to another? Fee's involving transfering of weeks for high to high season, and change of week. Varies by location I believe.

    6) I see that some are 99yrs (what I would perefer) and 20 years, does that depend on the place or other? Depends on the place...deeded vs not, etc. I don't know the answer to this one..


    anything eles you can think of that might be helpful would be great...
    thanks in advance!
    Check on maint. fees, that varies by location and by what "needs" to get done to the place...ie: new furniture, new ac, etc...impt to know.
    Additonal acessments, one time charges, meetings of owners and updates from association, etc...
    I am sure others will chime in because I am certainly not an expert.


    My answers are in RED...cindy

  10. #10
    Senior Member Bill's Avatar
    Join Date
    Aug 2007
    Location
    Any beach, party, bar or Casino!!!!!!
    Posts
    1,093
    3) Can they be financed? What is the going rate for financing? how long do they finance for?

    We paid half then financed the remainder at 0%, better in my pocket. I forget the percentage they charge if you pay less than half.

Page 1 of 3 123 LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Search Engine Optimization by vBSEO