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dogwriter
05-01-2008, 04:30 PM
Need some more help with a timeshare question.
If the property is deeded, how does one safely go about the transaction? Seller is talking "trust and good faith." That doesn't work for me. Do we need an Aruban attorney or closing company to hold the escrow/deed?
Seller is talking about paying the CDM fee for transfer himself, but I can't make a firm offer until I know what the process is and how much it costs.
Appreciate any help.
(Feel free to move this post.:))
Walt

halfpint
05-01-2008, 04:47 PM
Here's a GREAT timeshare website that you should read first before buying (wish I had found it before we bought). www.tug2.net (http://www.tug2.net)

cindyo
05-01-2008, 04:55 PM
A few things to think about b4 you buy a unit....
1. is the mantainance fee paid up in full ? Do they owe any back fee's
2. Is there a transfer fee, and how much?
3. How long is the balance of ownership left on the deed?
4. Documents should be notorized by both seller and buyer.
5. Get a copy of the by laws from the resort
6. Are you thinking of buying from the resort or an individual?
I will tell you buying a resale is a long, tedious, event. Nothing moves fast down there.
There is paperwork at the resort that needs to be registered. FInd out how the transfer is done and what guarantees you have.
Best wishes, it is a wise investment, you are buying a piece of heaven !!! Its an investment for your happiness....

EdnaSmith
05-01-2008, 04:58 PM
We own at CDM and have never had an attorney or closing company when making a purchase or selling time. We come to an agreement with the other party, transfer fee signed and notarized by both parties, decide who will pay closing costs and that's it. We get a check from the purchaser and then send the transfer form along with our copy of the deed to the resort. After paper work is complete you will receive a deed in your name and you are a new owner. If the seller is willing to pay the fee there are no additional costs to you. Have been owners at CDM for over twenty years. Hope this helps. Deeds at CDM are for a lifetime. Check oit CDM website for more info. wwwcasadelmar-aruba.com (http://www.casadelmar-aruba.com). Takes time as nothing on the island moves quickly. We send all paperwork Fedex to the resort. That's the way it is done at CDM - don't know about other resorts. Good luck!

dogwriter
05-01-2008, 05:04 PM
We own at CDM and have never had an attorney or closing company when making a purchase or selling time. We come to an agreement with the other party, decide who will pay closing costs and that's it. We get a check from the purchaser and then send the transfer form along with our copy of the deed to the resort. After paper work is complete you will receive a deed in your name and you are a new owner. If the seller is willing to pay the fee there are no additional costs to you. Have been owners at CDM for over twenty years. Hope this helps.


Since I don't know the seller, I wouldn't send a check directly. He said he would pay CDM transfer fee. I would pay fees if there was a safe middleman to collect money and deed and then make the transfer.
Walt

qlaval
05-02-2008, 01:32 AM
Don't sent money to a stranger! :rolleyes:
Use an escrow agent.

I used myself the following TS escrow company many times.
They will do the escrow part only for $100.

http://www.timesharetransfer.com/timesharetransfer/

dogwriter
05-02-2008, 04:31 AM
Don't sent money to a stranger! :rolleyes:
Use an escrow agent.

I used myself the following TS escrow company many times.
They will do the escrow part only for $100.

http://www.timesharetransfer.com/timesharetransfer/
Thanks, This may be just what i need to ensure a safe transaction!;)
Walt

EdnaSmith
05-02-2008, 08:39 AM
Go to: www.casadelmar-aruba.com (http://www.casadelmar-aruba.com), click on message board, post your questions and see what other members did to purchase their units.

dogwriter
05-02-2008, 03:38 PM
Go to: www.casadelmar-aruba.com (http://www.casadelmar-aruba.com), click on message board, post your questions and see what other members did to purchase their units.
Thanks! Another great idea. Will do that.
Walt:doh:

golfaddict
06-29-2008, 07:47 AM
Does anyone know what a 1 BR at the Occidental Grand maybe selling for? I visited there once and liked it very much. I would be interested in buying into there .

DANNYO
06-29-2008, 11:27 AM
I'm not sure what it costs but just be where that YOU MUST buy the meal play that cost $85.00 per day per adult.

danadog56
06-29-2008, 01:56 PM
If you are serious about buying a timeshare, try going to some resale companies on the web.....I have used www.holidaygroup.com (http://www.holidaygroup.com) and have had a good buying experience. Plus it is a fraction of the cost of buying through the resort...you may not be able to get the occidental, but if Dannyo is correct, then I would rather buy somewhere I can eat as I please. That kind of all inclusive is okay if you are only going to the island on occasion but if your are like the rest of us that go one, twice or more a year buying a meal ticket could be a pain.....

kmdionne
06-29-2008, 04:35 PM
The best and least expensive option for us has always been buying direct through an owner. The most expensive option always seems to be buying direct from the resort. This website and other bulletin boards are great resources to find owners interested in selling. Just make sure to do the homework with the resort to ensure ownership, etc.

danadog56
06-29-2008, 09:32 PM
If you buy off an owner there is a timeshare title company that is the middleman for your transactions,,,,,,,,,,,it is http://wwwtimesharetitle.com
worked for me and for my niece...

Jacki
06-09-2009, 10:51 AM
Any pros/cons you guys want to share? I am seriously considering purchasing a unit privately and a little worried that I'm missing something or not taking everything into consideration.

My husband & I honeymooned in Aruba & have visited the island 3 times since, our 5th trip is booked for this summer and I'm positive we will be back summer 2010.

TIA!

Arubalisa
06-09-2009, 10:57 AM
Some good info
http://www.aruba.com/forum/tags/buying%20timeshare.html (http://www.aruba.com/forum/tags/buying%20timeshare.html)

BEACHBUM1
06-10-2009, 08:04 AM
The occidental is one of the best resorts to own in. You only have 1/4 of the rooms timeshare at the resort , so you get 5 star hotel service at this resort. we own a few units. If you would like to rent one of the weeks to try it out , we would consider selling one of the weeks. Drop me an e-mail ccrommelin@aol.com for mor info on this wonderfull property.
Bon Bini !

Randi
06-10-2009, 09:22 AM
With the Marriott, many of the units are sold privately and they are marginally less expensive than buying from the Marriott directly. One difference is that if you buy from the Marriott then you can always trade your week for points if you don't use it. There are a few other perks if you buy from them too.

Jacki
06-10-2009, 09:52 AM
Thanks - the unit I am interested in is at LaCabana. I'm a little worried about trusting someone I don't know, and getting "stuck" with a $1200 maintenance payment for a unit I just may not use one year.....guess that just comes w/ the game of timeshare, right?

cindyo
06-10-2009, 10:44 AM
Hey look at the Rennaissance suites...you can pick up one with half that maint. fee.

Andrea J.
06-10-2009, 11:41 AM
lacabana's 1 yr maintenance fees aren't $1200
more like $500 for a 1 bedroom
the $1200 you are mentioning is that the special assessment fee that has been billed to pay the renovations?

you can actually contact lacabana's owner services and ask if the current owner is paid in full on special assessment and maintence fees.

ask too if the unit has been renovated

let us know how things progress.

typically a good price would be about $4000 for a 1 bedroom with assessment paid in full a little less money if it were not a pool or ocean view.


good luck and keep us posted

andrea


Thanks - the unit I am interested in is at LaCabana. I'm a little worried about trusting someone I don't know, and getting "stuck" with a $1200 maintenance payment for a unit I just may not use one year.....guess that just comes w/ the game of timeshare, right?

kmdionne
06-10-2009, 11:42 AM
I own 14 weeks all over the island and can help you with all your questions. Email me at kmdionne@kmdionne@comcast.net

Jacki
06-10-2009, 01:47 PM
According to La Cabana's site the maintenance fee is $1231 for 2009 - it is an "E" unit

Andrea J.
06-10-2009, 04:02 PM
heck!
that is steep
but it is a terrific view/location

honestly, unsure if it is worth $1200 annually

we owned many units are lacabana and converted them all into bluegreen points a few years ago.

we do love lacabana.

andrea
According to La Cabana's site the maintenance fee is $1231 for 2009 - it is an "E" unit