Tips for buying resale?

[Presley Senior Member Find all posts View Profile Close Presley]

I am looking at resale timeshares via several places. Will it make any difference where I buy from?

I sent in email requests at a couple places yesterday. One, hasn't contacted me yet (other than the automated email) and the other called today. The one who called knew absolutely nothing about the property I inquired about. I educated her on it and then she said she would look into it and call me back. Am I wrong to assume that they will know what they are talking about before they call me?

I looked for complaints against the company that did call me today on google. There are a lot of complaints, but they are all about people paying $500. to have their timeshare listed and then it is never sold. I didn't see any complaints from buyers. So, obviously, their source of income is from listing TS, not selling them. At any rate, does that mean anything at all to me as a buyer?

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Many of those scam listing companies price their timeshares way above market, which is one reason they don't sell. Telling some poor sap that they can sell his timeshare for more than it is worth is what gets people to part with money for listings.

eBay is the bargain basement for buying timeshares, I would look there first. Also look at the firms in the TS4MS links for some other places to look. And remember, you can always make an offer for less than the asking price.

[eal Senior Member Find all posts View Profile Close eal]

Redweek.com puts you directly in contact with owners wanting to sell. They may have unrealistic expectations but you can always respectfully offer what you think it is worth (after checking prices on ebay). Ebay takes a while to figure out and can be tricky sometimes but the prices are rock bottom.

[Presley Senior Member Find all posts View Profile Close Presley]

Thank you both. I will look at Redweek and continue my ebay search.

[Presley Senior Member Find all posts View Profile Close Presley]

I have another question.

How long is reasonable for me to wait to hear back after I make an offer on something?

I faxed a signed offer to an agent on 5/25. By the end of the next day, I emailed to make sure she got it, since I hadn't heard. She said she did receive it and would be in touch as soon as she heard from the seller.

I still haven't heard anything and wonder if I am jumping the gun by looking at other stuff. I told the agent on the phone exactly what I wanted and what I would pay and told her point blank, if the seller said anything different than my offer the I was going to offer on a different one. She has several of the same type thing I am looking at.

According the contract, it looks like I am not obliged unless I have paid a deposit. I'd be inclined to think the seller was out of town or something, but on the 25th I had a question about property and she spoke to him and got back to me in only a few minutes.

I am thinking of posting what I want and how much I want to pay on Redweek and then any sellers who can meet that can get in touch with me. I just don't want to step out of the other contract if I am being unreasonable.

[philsfan Administrator Find all posts View Profile Close philsfan]

If your contract has language in it like 'this offer is good for 10 days unless extended by the buyer' you need to wait until that time expires before moving on.

[Presley Senior Member Find all posts View Profile Close Presley]

If your contract has language in it like 'this offer is good for 10 days unless extended by the buyer' you need to wait until that time expires before moving on.

Okay. I will be more careful how I make offers next time.

[SoccerMom Member Find all posts View Profile Close SoccerMom]

I recently purchased a timeshare through Ebay. I checked out all the other sites, but the prices were definitely the cheapest on Ebay. I haven't closed yet on the timeshare, however, the process has been smooth so far. You will need to be patient with Ebay and check it often for new listings or have Ebay notify you of new listings you are interested in.

[SoccerMom Member Find all posts View Profile Close SoccerMom]

Oops, I just noticed the post is from May, I imagine OP may have already purchased a timeshare by now.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Ebay is a good place to buy, but be careful to check out the seller before bidding and do some due diligence as to ownership. Some are very good but others can be problematic. The big sellers get most of their weeks from postcard companies, so due diligence in that case can be done by contacting the resort to be sure there are no fees due.

[Hostelling Senior Member Find all posts View Profile Close Hostelling]

Be sure to check closing/transfer costs for the ebay sales, varies widely.

[Cranford Junior Member Find all posts View Profile Close Cranford]

I think eBay is the best for the business who want to sell their products world wide. But you have pap some fixed commission on every sale to eBay. You can also buy almost everything on it will reasonable price.