Ebay Timeshare Sales - Tips for Buying Cheap Timeshares on Ebay
Many people buy timeshares and then things happen and they would like to shed their vacation property. Actually timeshares often show up on top ten lists of things not to buy new. You can get a much better deal if you are buying a timeshare from someone trying to offload a timeshare property than buying something new at a high-pressure sales presentation. When you buy at a presentation, you are paying for all of the developer's marketing costs and they are quite hefty!
Ebay Timeshare Sales
And if you are going to buy something pre-owned, where else but on eBay? (Go to the Real Estate portal and click the Timeshares Homepage link.)
As of this writing there are about 1,300 timeshare listings on eBay. Aruba. Hawaii. Nevada. (I had to take a few minutes there to check out one that was selling for $95. Yep. $95. It had pictures and a note that upon the closing of the deal, the buyer had to also pay $608 in maintenance fees. The week for sale is in November and you get the Warranty Deed. This means that you are guaranteed free and clear title with no encumbrances.
While this might seem too good to be true, the same seller had even better deals. Some timeshares sold for a couple of bucks. Mind you there are other costs involved. In the case of the $2 sale, the buyer also had to pay a maintenance fee of almost $700, a closing fee of about $400 and a resort transfer fee of $75. Nevertheless, this is a good price for what they got which was a week in August in the Catskills.
Since the Catskills isn't any place I'd visit on a regular basis, I'd look for a different deal, but there are plenty to be found on Ebay and many of them are less than a grand once you factor in all the costs. I bought my Royal Holiday Club timeshare on Ebay for $100 and by the time all the transfer and maintainence fees were paid it cost me less than $800. And since it is a membership club with multiple properties, I've already used it to vacation in Del Mar, California, Puerto Rico and Atlantic City, New Jersey -- all within the past year.
I also was able to pick up my Wyndham Timeshares for very cheap on Ebay as well, costing me just over $1000 for 105,000 Wyndham Fairshare points.
- Timeshares for Sale
Find all of the Ebay timeshare auctions categorized by timeshare company and the most popular resort locations for the best prices
- Disney Vacation Club
My hubpage about my other timeshare, Disney Vacation Club. I did buy this one from the developer, but since Disney maintains vigorous right of first refusal, it made little difference.
Due Diligence is Important
Before you buy, as with anything on eBay (and also with any real estate transaction), check out the seller and see how many positive feedback remarks they have received and check the auctions to make sure that the positive feedback is for timeshares.
Do not be too eager to bid on a timeshare on eBay unless you know something about the location. Perhaps it is not the kind of place that you really would like to have as your vacation spot every year. If you are dreaming of sandy beaches, then a timeshare in Oregon may not be for you.
It is also essential that you have a full understanding of the timeshare rights you are purchasing. Check out the codes, covenants, and restrictions which set out the rights of property owners and how the timeshare will be managed. There might be fees, charges, and restrictions on using the timeshare. Call up the resort itself and double-check the details.
A final warning, carry out the entire transaction through eBay if you want to have the extra protection that eBay provides.
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