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Hi all. Need an assist. Luckily I have not fallen prey to the developers scams. I am considering purchasing a resale timeshare in Central Calif that is deeded. The week is floating. It is in a resort that is close to get to that is in an area by our families. We DO NOT like travelling and are just interested in staying at this particular resort only each year as it is beautiful and convenient. Can you please let me know pros and cons of this, what I need to look out for, what a reasonable price to pay might be for a Studio and what I might expect to pay annually for fees. I have looked at several resales in the same complex, San Luis Bay Inn, and the maint fees vary from studio to studio so I don't get that. Also don't get the whole point system, but I guess that doesn't have anything to do with what I am looking at (gladfully)(deeded, floating, annual). Your expertise please? Thanks.
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The SCAM is the salesman's half-truths, a developer purchase is not a SCAM, just a higher priced vacation ownership. The salesman's half-truths and the developer's penchant for devaluing the secondary market purchases are what makes the resale cheaper. If you're only interested in what you say and have no desire for the flexibility of a points product, then the purchase of a resale SLBI deed may be perfect for you.Originally posted by berlin42000
SLBI actually has separate phases that are managed to some extent by different groups, one of which is DRI. The maintenance fees can vary because of these different management regimes and they can vary because the seller may be quoting old rates.... not enough time for all the timeshares ® -
Oh I see. So what other fees do I need to be aware of. Are the contracts all different too?Comment
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