Q: Do you have an update on when I should receive the title?
A: I am not sure if I spoke to you directly, but I always reiterate that this part of the process can take 30-90 days. This is also indicated in our email you should have received after we received your payment and deed info. At this point in time the deed is still at the county for recording. When we receive it back we will notify you and then we send it to the resort for transfer. Unfortunately, no, I cannot give you an accurate time as to when the process will be finished. This is largely due to the fact we have no control over how long the county or resort take to do their parts. We will keep you updated throughout the process. Rest assured that everything is progressing as normal.
October 23, 2010
October 4, 2010
Simpson Bay, St. Maarten PELICAN RESORT CLUB Timeshare
Q: is there a "home group"? to exchange internally.
Q: There is an internal exchange. The fee is $149 to exchange. This is a website to the management company of the resort http://www.royalresorts.com/royal-resorts-collection.asp. You will be able to find further information about the resorts at that site.
Q: There is an internal exchange. The fee is $149 to exchange. This is a website to the management company of the resort http://www.royalresorts.com/royal-resorts-collection.asp. You will be able to find further information about the resorts at that site.
September 21, 2010
Premier Gold Crown Branson, Missouri LockOff TimeShare
Q: Could you please explain to me the way the week works. Can it be exchanged for other weeks there and elsewhere? Also would this qualify us for lower rates the rest of the year in RCI and II units across the US and the world???? Thanks for any help you can give. We are not familiar with time shares and need as much info as you can provide. We were just in Branson and loved it and would be interested in possibly buying a time share there.
A: This is what they call a biennial week which means you get one week every other year. In this case in odd years. A great starter to see how you like it and you can always get an even year timeshare in the future to allow you an annual vacation. This particular timeshare is a floating week. This means you are able to choose a week within a certain timeframe in this case 1-52. You also have the opportunity to join either RCI or II or both. This is great because there are not a bunch of resorts that are covered by both exchange companies. Yes RCI and II offer different programs that allow you discounted rates. If you would like to learn a little more about RCI and II you can go to youtube and search bkwatson. My boss has posted many informative videos there. This timeshare is also a lockoff which means you could use one side and bank the other side effectively getting two weeks instead of one. There is so much information out there about timeshares it is hard to cover it all. I can suggest you go to www.tug2.net. This is timeshare users group website. It is a site made by timeshare owners dedicated to timeshare owners. You can find endless information there and even better it is from people who have been there and done that. Yes I live right outside of Branson and it is an excellent place to vacation. I would be happy to go over anything with you by phone as this is a lengthy subject. I suggest watching the videos and checking out the website with a pen and paper. Then any questions you have you can write down and call me. I look forward to further assisting you in making an educated purchase and investing in your leisure.
A: This is what they call a biennial week which means you get one week every other year. In this case in odd years. A great starter to see how you like it and you can always get an even year timeshare in the future to allow you an annual vacation. This particular timeshare is a floating week. This means you are able to choose a week within a certain timeframe in this case 1-52. You also have the opportunity to join either RCI or II or both. This is great because there are not a bunch of resorts that are covered by both exchange companies. Yes RCI and II offer different programs that allow you discounted rates. If you would like to learn a little more about RCI and II you can go to youtube and search bkwatson. My boss has posted many informative videos there. This timeshare is also a lockoff which means you could use one side and bank the other side effectively getting two weeks instead of one. There is so much information out there about timeshares it is hard to cover it all. I can suggest you go to www.tug2.net. This is timeshare users group website. It is a site made by timeshare owners dedicated to timeshare owners. You can find endless information there and even better it is from people who have been there and done that. Yes I live right outside of Branson and it is an excellent place to vacation. I would be happy to go over anything with you by phone as this is a lengthy subject. I suggest watching the videos and checking out the website with a pen and paper. Then any questions you have you can write down and call me. I look forward to further assisting you in making an educated purchase and investing in your leisure.
North Pier Ocean Villas CAROLINA BEACH RCI Timeshare
Q: Are there any fees, taxes, anything in arears on the sellers side?
A: The only thing you pay is the high bid plus the closing or the buy it now price. You will be responsible for the $475.00 maintenance fee annually beginning Jan. 2011. All of our timeshares go through an extensive verifications process. We get paperwork filled out from the owner. We then take the owners consent and send an estoppels to the resort. This document answers what is owned and makes sure nothing is owed. We then have a verifications officer call and verify this information one more time and some further information. So you can rest assured that everything is up to date.
A: The only thing you pay is the high bid plus the closing or the buy it now price. You will be responsible for the $475.00 maintenance fee annually beginning Jan. 2011. All of our timeshares go through an extensive verifications process. We get paperwork filled out from the owner. We then take the owners consent and send an estoppels to the resort. This document answers what is owned and makes sure nothing is owed. We then have a verifications officer call and verify this information one more time and some further information. So you can rest assured that everything is up to date.
September 7, 2010
US COLLECTION 15,000 Diamond Resorts Points Timeshare
Q: Can I roll these into my current diamond account and if so would I receive complete benefits for these points? Also are these points available for full exchange within the Interval International or RCI exchange units?
A: There are two types of Diamond points deeded and US Collection. Deeded Diamond points are NOT transferrable. The US collection is a membership and therefore able to be transferred. Unfortunately it does NOT include club membership, does NOT allow them to be combined, and does NOT allow you to use them with II (Diamond typically only trades with II). You can, however, contact Diamond Resorts and ask about upgrading. I suggestion telling them you have already purchased the resale. It saves the time they would spend trying to convince you not to buy resale. They will upgrade the points thus allowing the resale to become part of the club, combined, and able to be traded. The catch? Well you have to buy more points from Diamond. They decide how many and how much on an individual basis. I can tell you that I have been told if you do not take the first offer they will continue to call and their figures will lower. I wish this were easier, but Diamond is the hardest company to work with on the resale side.
A: There are two types of Diamond points deeded and US Collection. Deeded Diamond points are NOT transferrable. The US collection is a membership and therefore able to be transferred. Unfortunately it does NOT include club membership, does NOT allow them to be combined, and does NOT allow you to use them with II (Diamond typically only trades with II). You can, however, contact Diamond Resorts and ask about upgrading. I suggestion telling them you have already purchased the resale. It saves the time they would spend trying to convince you not to buy resale. They will upgrade the points thus allowing the resale to become part of the club, combined, and able to be traded. The catch? Well you have to buy more points from Diamond. They decide how many and how much on an individual basis. I can tell you that I have been told if you do not take the first offer they will continue to call and their figures will lower. I wish this were easier, but Diamond is the hardest company to work with on the resale side.
September 1, 2010
6,000 Worldmark Points by WYNDHAM Annual Timeshare
Q: Will I need to pay a transfer fee if I want to use another Worldmark or Wyndham property?
Q: WorldMark ownership isn't tied to a specific size unit or resort. You can use your vacation credits at any of the more than 60 WorldMark resorts without having to pay an exchange fee or managing a trading procedure. You can find more information at http://www.worldmarkbywyndham.com/faqs/index.html.
Q: WorldMark ownership isn't tied to a specific size unit or resort. You can use your vacation credits at any of the more than 60 WorldMark resorts without having to pay an exchange fee or managing a trading procedure. You can find more information at http://www.worldmarkbywyndham.com/faqs/index.html.
August 31, 2010
Wyndham Ocean Boulevard (A note from Happy Customers)
Francene,
We just returned from Wyndham Sea Gardens in Pompano Beach, Florida and it was amazing. Thank you so much for making our dream vacation a reality. Your company is first class and we will definitely recommend you to friends and family interested in buying a timeshare.
Cheers,
Leonard and Lisa
We just returned from Wyndham Sea Gardens in Pompano Beach, Florida and it was amazing. Thank you so much for making our dream vacation a reality. Your company is first class and we will definitely recommend you to friends and family interested in buying a timeshare.
Cheers,
Leonard and Lisa
August 18, 2010
BLUEGREEN Annual RCI GOLD Crown FLORIDA Timeshare
Q: Hi, I am wondering if you ever get Anna Maria Island. I am looking for Smuggler' Cove Resort. Please let me know. I would prefer a 1 bedroom.
A: We do not currently have anything at that resort. We do, however, have a full list of inventory at www.newtoyoutimeshare.com that is updated frequently. There is a link to all of our auctions from there.
A: We do not currently have anything at that resort. We do, however, have a full list of inventory at www.newtoyoutimeshare.com that is updated frequently. There is a link to all of our auctions from there.
August 8, 2010
6,000 Bluegreen Points Gatlinburg Tennessee Timeshare
Q: What does "Exchange Company Codes: RCI Gold Crown - 8883 (Red Week) & II - MNT" mean? Do different points have different values? Or are these points of the same value (point for point) of any other Blue Green points?
A: Exchange companies are seperate entities from the resorts. Their are two major exchange companies RCI and Interval International that are used to trade your time into different places. The codes 8883 for RCI and MNT for II take you to the resort listed in the ad. The points are the same as other bluegreen points. The only difference is you cannot level up... Gold etc with resale points. The reason we only list one resort in our ad is because eBay dictates that is the way they want it done on points ads. I know some ads out there list more than one resort. If eBay catches those ads they will kick them off. I hope I have answered all of your questions. If you have any further please feel free to ask.
A: Exchange companies are seperate entities from the resorts. Their are two major exchange companies RCI and Interval International that are used to trade your time into different places. The codes 8883 for RCI and MNT for II take you to the resort listed in the ad. The points are the same as other bluegreen points. The only difference is you cannot level up... Gold etc with resale points. The reason we only list one resort in our ad is because eBay dictates that is the way they want it done on points ads. I know some ads out there list more than one resort. If eBay catches those ads they will kick them off. I hope I have answered all of your questions. If you have any further please feel free to ask.
August 6, 2010
PUERTO VALLARTA Timeshare RCI Gold Crown 2BR/2BA MEXICO
Q: Is there a seperate charge for the all inclusive? As I read the discription it sounds like I will incure another $100-$200 a night per person for the all inclusive.
A: Yes there is a seperate charge for the all inclusive. You are understanding what you read correctly. The first 2 children 0-12 years old are free. The all inclusive is mandatory. Please look at the link that is supplied in the ad more about the all inclusive. This resort includes a large amount of activites of all types in their all inclusive.
A: Yes there is a seperate charge for the all inclusive. You are understanding what you read correctly. The first 2 children 0-12 years old are free. The all inclusive is mandatory. Please look at the link that is supplied in the ad more about the all inclusive. This resort includes a large amount of activites of all types in their all inclusive.
August 4, 2010
12000 Bluegreen Points Pigeon Forge Tennessee Timeshare
Q: If I have already paid my Bluegreen club dues for the year (as in last week), will I still have to pay them at closing?
Q: No if you are already a member you do not have to pay the club fee twice. Just remind us when you buy that you already have a BG account.
Q: No if you are already a member you do not have to pay the club fee twice. Just remind us when you buy that you already have a BG account.
July 19, 2010
Ontario CANADA FLOAT RCI GOLD Crown LOCKOFF Timeshare
Q: Hello. We do have several questions that are more specific to this particular timeshare. We are extremely interested in this property, but like everyone else, we'd like to see the fine print of how this timeshare would work in an exchange. If this is available in a .pdf format, can you please email it to us to review asap? thanks.
A: There is no fine print as to how it would trade. There are many variables that affect the trading power of a unit rating of the resort and size of the unit are only two. The week that is being banked is another. How long it is banked in advance of the use week. There is just no way to give a cut and dry answer. Also booking can affect it. When a week is in the bank for 21 months RCI starts to get a little nervous because they make their money off the booking fees. So when it gets close to the 2 years that they can bank for then they start making offers for the owner of that banking to book a week. That is how in the last couple of months you can basically turn a blue week into a red.
A: There is no fine print as to how it would trade. There are many variables that affect the trading power of a unit rating of the resort and size of the unit are only two. The week that is being banked is another. How long it is banked in advance of the use week. There is just no way to give a cut and dry answer. Also booking can affect it. When a week is in the bank for 21 months RCI starts to get a little nervous because they make their money off the booking fees. So when it gets close to the 2 years that they can bank for then they start making offers for the owner of that banking to book a week. That is how in the last couple of months you can basically turn a blue week into a red.
July 16, 2010
20,000 Bluegreen Points ORLANDO Florida Timeshare
Q: As I am already a bluegreen owner, can you explain how the points would be combined? Would it be possible to keep my original anniversay date?
A: Your points will be able to be combined. From what we have been told the only difference between resale points and those bought from the developer is you cannot achieve a higher status in the premier club. This means you do not get gold benefits. To be honest I am not sure about the anniversary date. I would suggest calling Bluegreen and asking them. One friendly bit of advice when you call Bluegreen tell them that you have just won the auction on eBay and you have some questions. The reason I say this is nothing will get you to the sales department faster then saying you are looking at resales. If you say you have just won the points on eBay they are going to answer your questions minus the hassle of someone trying to sell you points from the developer. If you have any further questions please ask.
A: Your points will be able to be combined. From what we have been told the only difference between resale points and those bought from the developer is you cannot achieve a higher status in the premier club. This means you do not get gold benefits. To be honest I am not sure about the anniversary date. I would suggest calling Bluegreen and asking them. One friendly bit of advice when you call Bluegreen tell them that you have just won the auction on eBay and you have some questions. The reason I say this is nothing will get you to the sales department faster then saying you are looking at resales. If you say you have just won the points on eBay they are going to answer your questions minus the hassle of someone trying to sell you points from the developer. If you have any further questions please ask.
July 15, 2010
Diamond Resorts International US Collection
Q: I am a current Diamond owner and want to increase my points. I currently own in the California Collection and I am a member of The Club. If I purchase a timeshare from you and it is in a different collection- do the points get added together but I would have the privledges at both collections (extended reservations and parking at home resorts) and would my Club membership still work fine for all points? I know this one is ending, but I know you have a few other ones I am watching as well. I appreciate your time.
A: We do have several packages of Diamond Points but they are the US Collection. They are NOT deeded points, they are a membership that can only be used at the 19 resorts within the collection. Now you can add these points to what you own, BUT, you need to call your owner services rep at Diamond to find out the cost. What I understand is they require you to purchase additional points from them in order to do it. They do it case by case with each individual owner and it all depends on what you own with them. My suggestion would be to call then and tell them you have purchased additional points and want to know how to combine them. It is a little white lie, but it will get you the information you need. If you tell them you are thinking of doing it, they will spend all the time trying to just sell you points from them. Just so you are aware, US Collection points are the ONLY points that transfer from Diamond. If someone owns a deeded week, is a member of The Club and sell it, when it transfers it reverts back to a week only. Then it is up to the new owner to purchase The Club from Diamond. I hope this information helps. If you have any other questions please let me know.
A: We do have several packages of Diamond Points but they are the US Collection. They are NOT deeded points, they are a membership that can only be used at the 19 resorts within the collection. Now you can add these points to what you own, BUT, you need to call your owner services rep at Diamond to find out the cost. What I understand is they require you to purchase additional points from them in order to do it. They do it case by case with each individual owner and it all depends on what you own with them. My suggestion would be to call then and tell them you have purchased additional points and want to know how to combine them. It is a little white lie, but it will get you the information you need. If you tell them you are thinking of doing it, they will spend all the time trying to just sell you points from them. Just so you are aware, US Collection points are the ONLY points that transfer from Diamond. If someone owns a deeded week, is a member of The Club and sell it, when it transfers it reverts back to a week only. Then it is up to the new owner to purchase The Club from Diamond. I hope this information helps. If you have any other questions please let me know.
July 6, 2010
30,500 RCI Points Annual Hilton Head Carolina Timeshare
Q: Are points available to be used for this year or have they been used already? What is the cost to exchange for a different resort instead of home one? For resort we want to use do we look up point fees and if they are more pay a fee or purchase more points? And is it expensive to purchase more points or fee? I am new to timeshare. This states usage in jan so can it still be used this year?
A: Yes the points are available for this year. Each time a Member makes a transaction, a transaction fee is charged. Transactions include but are not limited to making a Reservation, canceling a
Reservation, saving RCI Points, or making an
External Exchange Reservation. The ranges of 2009
transaction fees are as follows:
Reserving Member’s own Vacation Time for 7 nights only: No Charge
Home Resort Priority Reservation for 7 nights only: $40 USD
Reserving Vacation Time other than Member’s own Vacation Time or Home Resort Priority
Reservation:
For 7 nights or more: $139 USD
For 6 nights: $119 USD
For 5 nights: $109 USD
For 4 nights: $99 USD
For 3 nights: $79 USD
For 2 nights: $59 USD
For 1 night: $39 USD
RCI Points Partner Inventory Reservation:
Fees vary by product type.
Guest Certificate: $59 USD
Points Transfer: No Charge
Point Borrowing: No Charge
Points Rental: $0.02 USD per point
Point Saving:
If Reservation Made During
Use Year: No Charge
If No Reservation Made
During Use Year: $26 USD
Points Extension:
13,999 points or less: $39 USD;
14,000 points or more: $99 USD.
You can borrow from your own points from the upcoming year and you can rent points also. This is the RCI disclosure guide that has all the info in it: http://www.rci.com/CDA/Common/Documents/DisclosureGuidePoints.pdf. What it is saying there is that the points are alloted in January. So that is when it goes into the account each year. If you have any further questions please ask.
Jennifer Sluppick
A: Yes the points are available for this year. Each time a Member makes a transaction, a transaction fee is charged. Transactions include but are not limited to making a Reservation, canceling a
Reservation, saving RCI Points, or making an
External Exchange Reservation. The ranges of 2009
transaction fees are as follows:
Reserving Member’s own Vacation Time for 7 nights only: No Charge
Home Resort Priority Reservation for 7 nights only: $40 USD
Reserving Vacation Time other than Member’s own Vacation Time or Home Resort Priority
Reservation:
For 7 nights or more: $139 USD
For 6 nights: $119 USD
For 5 nights: $109 USD
For 4 nights: $99 USD
For 3 nights: $79 USD
For 2 nights: $59 USD
For 1 night: $39 USD
RCI Points Partner Inventory Reservation:
Fees vary by product type.
Guest Certificate: $59 USD
Points Transfer: No Charge
Point Borrowing: No Charge
Points Rental: $0.02 USD per point
Point Saving:
If Reservation Made During
Use Year: No Charge
If No Reservation Made
During Use Year: $26 USD
Points Extension:
13,999 points or less: $39 USD;
14,000 points or more: $99 USD.
You can borrow from your own points from the upcoming year and you can rent points also. This is the RCI disclosure guide that has all the info in it: http://www.rci.com/CDA/Common/Documents/DisclosureGuidePoints.pdf. What it is saying there is that the points are alloted in January. So that is when it goes into the account each year. If you have any further questions please ask.
Jennifer Sluppick
July 4, 2010
PREMIER 126,000 WYNDHAM Points Annual FLORIDA Timeshare
Q: Is the $53.86 paid monthly or yearly? Are there any other fees or dues? Can this only be used at this property?
A: The $53.86 is paid monthly. There is also an annual tax bill of approximately $87.52. This can actually be used at all of the resorts points can be used at. In order to adhere to eBay's rules you are not allowed to list multiple locations for points ads. We are restricted to showing and mentioning one resort.
Jennifer Sluppick
A: The $53.86 is paid monthly. There is also an annual tax bill of approximately $87.52. This can actually be used at all of the resorts points can be used at. In order to adhere to eBay's rules you are not allowed to list multiple locations for points ads. We are restricted to showing and mentioning one resort.
Jennifer Sluppick
12,000 Bluegreen Point Pigeon Forge Tennessee Timeshare
Q: Hi, i was just wondering, i saw that the timeshare is for week 44 and 51. can you not use your points on weeks other than these? thanks and have a great day!
A: No those weeks are listed for deeding purposes. The points are useable as normal bluegreen points are. I hope that answers your question. Please feel free to ask anything else.
Jennifer Sluppick
A: No those weeks are listed for deeding purposes. The points are useable as normal bluegreen points are. I hope that answers your question. Please feel free to ask anything else.
Jennifer Sluppick
June 10, 2010
Tropic Sun Towers Ormond Beach Front Florida Timeshare
Q: Hello - Is the unit/balcony view oceanfront or oceanview? I'm seeing online the 1 bedrooms are oceanfront. If the 2 bedroom is not oceanfront/direct, what direction does the 2 bedroom face? Thank you.
A: This is actually a floating unit, but I believe you get the same kind you own just not the same one everytime. According to the website: "Tropic Sun Towers is comprised of 2 buildings with a total of 84 units. All 56 one bedroom units are oceanfront, 14 two bedroom units are oceanfront and 14 two bedroom units are oceanview (7 facing the south and 7 facing the north). All units have TV's & DVD players and fully equipped kitchens. WiFi is available onsite and in every unit." To further help you understand the setup please checkout these links: http://www.spmresorts.com/media/resorts/tropic-sun-towers/repository/2%20bedroom%20oceanview%20remodel.pdf and http://www.spmresorts.com/media/resorts/tropic-sun-towers/repository/2%20bedroom%20ocean%20front%20remodel%20%20%20%206-3-09.pdf. These have pictures on the bottom of the page that frame the location of the ocean as to the unit. Remember this is an ocean view, but I included both links so you could compare the difference. If you have any further questions or I can assist you in any way please let me know.
Jennifer Sluppick
A: This is actually a floating unit, but I believe you get the same kind you own just not the same one everytime. According to the website: "Tropic Sun Towers is comprised of 2 buildings with a total of 84 units. All 56 one bedroom units are oceanfront, 14 two bedroom units are oceanfront and 14 two bedroom units are oceanview (7 facing the south and 7 facing the north). All units have TV's & DVD players and fully equipped kitchens. WiFi is available onsite and in every unit." To further help you understand the setup please checkout these links: http://www.spmresorts.com/media/resorts/tropic-sun-towers/repository/2%20bedroom%20oceanview%20remodel.pdf and http://www.spmresorts.com/media/resorts/tropic-sun-towers/repository/2%20bedroom%20ocean%20front%20remodel%20%20%20%206-3-09.pdf. These have pictures on the bottom of the page that frame the location of the ocean as to the unit. Remember this is an ocean view, but I included both links so you could compare the difference. If you have any further questions or I can assist you in any way please let me know.
Jennifer Sluppick
June 8, 2010
203,000 Wyndham Points Hawaii Annual Resale Timeshare
1) Once purchased, am I eligible to join Interval International or RCI to deposit my points in order to book at other non-Wyndham resorts?
As a matter of fact Wyndham and RCI are owned by the same corporation. Your membership into RCI is included in your maintenance fees.
2) Is the purchase price listed the price full price for the 203000 annual points?
Yes the purchase price is the total amount for the timeshare and closing. The maintenance fees did come due on the 7th of the month and those will be billed during closing this is notated in the ad.
3) Is this a deed week or floating week?
This is a deeded points ownership.
4) Is the mortgage paid in full? Are there any liens on the property for unpaid fees, taxes, etc?
We have a verification process all timeshares go through before they are given to our ad makers. During this process we verify that everything is paid in full and there are no problems with the ownership.
5) The buy it now price includes all closing fees and transfer fees for deeded ownership?
Yes it does. As I mentioned the maintenance fees will be billed to you during the closing process.
6) Will I be given a deed?
We do send you the recorded deed once everything is transfered. Please keep in mind that the closing process does take some time. We say 45-60 days as an average.
7) Can the maintenance fees be billed monthly for this property? Annual? What are the current fees for 2010? What were the fees for 2009? 2008? I would like to see how much they have gone up annually.
I believe that Wyndham allows you to set up the maintenance fees as monthly or annual. The current fees are $921.62. I do not have the past maintenance fee amounts for this particular timeshare, however, I can tell you from my experience and from confirmation from owners that the maintenance fees fluctuate minimally from period to period.
As a matter of fact Wyndham and RCI are owned by the same corporation. Your membership into RCI is included in your maintenance fees.
2) Is the purchase price listed the price full price for the 203000 annual points?
Yes the purchase price is the total amount for the timeshare and closing. The maintenance fees did come due on the 7th of the month and those will be billed during closing this is notated in the ad.
3) Is this a deed week or floating week?
This is a deeded points ownership.
4) Is the mortgage paid in full? Are there any liens on the property for unpaid fees, taxes, etc?
We have a verification process all timeshares go through before they are given to our ad makers. During this process we verify that everything is paid in full and there are no problems with the ownership.
5) The buy it now price includes all closing fees and transfer fees for deeded ownership?
Yes it does. As I mentioned the maintenance fees will be billed to you during the closing process.
6) Will I be given a deed?
We do send you the recorded deed once everything is transfered. Please keep in mind that the closing process does take some time. We say 45-60 days as an average.
7) Can the maintenance fees be billed monthly for this property? Annual? What are the current fees for 2010? What were the fees for 2009? 2008? I would like to see how much they have gone up annually.
I believe that Wyndham allows you to set up the maintenance fees as monthly or annual. The current fees are $921.62. I do not have the past maintenance fee amounts for this particular timeshare, however, I can tell you from my experience and from confirmation from owners that the maintenance fees fluctuate minimally from period to period.
June 5, 2010
What Does FROR or ROFR Mean?
The acronym itself is pretty much common knowledge it stands for First Right of Refusal or Right of First Refusal. What this concept means confuses manytimeshare owners who decide to go the Timeshare Resale Route..
FROR is the concept of a resort matching a resale offer of a timeshare themselves instead of letting the timeshare get sold to another owner for an extremely low price.
It has been a common tactic that has been around for many years in the timeshare industry!
What does FROR mean to you the buyer?
It is important to determine if the timeahre you are looking to purchase from ebay or elsewhere is at a resort currently exercising FROR. This can be done by calling the resort, or requesting the current seller to do so. We mark our timeshares in the ad to let you know if there is an FROR.
Many resorts that used to utilize FROR in the past, are no longer doing so given the current markets. That does not mean all sales will pass FROR. It is always good to ask.
Also take note that FROR to be used to block a sale of a timeshare that the clause has to be listed in the timeshare contract when it was purchased by the seller. If there is no mention of FROR then the resort has no right to exercise FROR on that timeshare! Some resorts will refuse even when they do not have the legal right to do so. So always check your facts.
To explain FROR in a story:
Lucy has a Timeshare week that she bought new from a Developer many years ago. Lucy has had a change to fixed income and decides to sell her timeshare She opts to advertise it on TUG/eBay/Redweek etc. Lucy finds a buyer after a short time named Jill, and they agree on the sale price of $1500.
If Lucy's resort is currently exercising FROR...before the transaction between Lucy and her buyer could be completed, the resort has to approve the deal. Prior to ownership being transferred from Lucy to Jill. If the resort feels the timeshare is being sold at too low a price, they could exercise FROR on the deal. They could then take the week back themselves for the $1500 price Lucy was selling it for. This effectively makes it so the value of the timeshare is not made that low.
FROR is the concept of a resort matching a resale offer of a timeshare themselves instead of letting the timeshare get sold to another owner for an extremely low price.
It has been a common tactic that has been around for many years in the timeshare industry!
What does FROR mean to you the buyer?
It is important to determine if the timeahre you are looking to purchase from ebay or elsewhere is at a resort currently exercising FROR. This can be done by calling the resort, or requesting the current seller to do so. We mark our timeshares in the ad to let you know if there is an FROR.
Many resorts that used to utilize FROR in the past, are no longer doing so given the current markets. That does not mean all sales will pass FROR. It is always good to ask.
Also take note that FROR to be used to block a sale of a timeshare that the clause has to be listed in the timeshare contract when it was purchased by the seller. If there is no mention of FROR then the resort has no right to exercise FROR on that timeshare! Some resorts will refuse even when they do not have the legal right to do so. So always check your facts.
To explain FROR in a story:
Lucy has a Timeshare week that she bought new from a Developer many years ago. Lucy has had a change to fixed income and decides to sell her timeshare She opts to advertise it on TUG/eBay/Redweek etc. Lucy finds a buyer after a short time named Jill, and they agree on the sale price of $1500.
If Lucy's resort is currently exercising FROR...before the transaction between Lucy and her buyer could be completed, the resort has to approve the deal. Prior to ownership being transferred from Lucy to Jill. If the resort feels the timeshare is being sold at too low a price, they could exercise FROR on the deal. They could then take the week back themselves for the $1500 price Lucy was selling it for. This effectively makes it so the value of the timeshare is not made that low.
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