I'm confused...
Different resale websites have different ways they deal with closing cost. Some seem good, some seem bad.

anyone deal with a good resale company that takes care of the seller.

About your website, timeshareadventures.com.... can you tell me more details
on the closing process?

and anyone... please offer your pros/cons on the different types of closing.

much appreciation!!!

Timeshare Adventures offers a resale option which includes a complete attorney prepared closing. This option is called the PLATINUM LISTING and it is one-of-a-kind in the timeshare resale industry. The PLATINUM LISTING makes Timeshare Adventures the buyers first choice, not only by saving the buyer money, but also by streamlining the resale process; The only figure the buyer has to deal with is the asking price. The cost of closing is completely absorbed by Timeshare Adventures and the transfer of ownership is prepared entirely by our in-house attorney.

A PLATINUM listed property is advertised to the buyer as having NO CLOSING COSTS! By saving the buyer money and simplifying the resale process, we have found a way to make our property listings more attractive than those of our competitors and therefore meet the selling goals of our customers quickly.

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Hello again,

I just posted in the other section about buying/not buying a timeshare.
I wanted to make sure that what I was reading is actually true.

So, depending on the package ---if the person selling a timeshare on your site has the "PLATINUM listed property" package.

The person buying the timeshare pays nothing at all, zero, nada.
If the listed price is $5,000. The buyer would write a check for $5,000 exact.

There are no other fees, no hidden fees -- no other cost at all?

Thanks again for the clarification.

All of the usual closing costs and attorney fees are absorbed by Timeshare Adventures

Also, when a PLATINUM listed property is sold through Timeshare Adventures, the buyer pays the purchase price for the property and the seller receives exactly that amount.

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i was never the type to want to buy a house for fear it would take forever to sell, esp. with the crappy economy. and for fear i wouldn't get what it was worth etc.

is it hard to sell a prop? I'd like to hear from someone other than a staff member (no offense, guys, you've been o so helpful) i just want an unbiased opinion before i make my final decision.

I don’t recommend buying in order to sell for a profit. It’s not like real estate. The purpose of buying would be more to enjoy for vacation and such. It’s a good investment in that aspect but not such a good idea if you’re wanting to sell right away or if you’re not sure if you want to keep it for a bit of time. Learn everything first before you make the leap, but when you do, you won’t regret it!

Do people tend to own multiple properties? I just don't see how it can be affordable unless you're in the "stinkin rich" tax bracket. =)

Well I wasn’t exactly in it to win it, nicole. I didn’t mean to imply that I wanted to do a real estate business deal. I just don’t want to be stuck with something that I later decide I don’t want and then can’t get rid of.

Also, I don't think you have to be filthy, fashion, you just have to be able to afford your own vacations, which I guess wouldn't apply to lower in come brackets, but perhaps the middle to high.

Well, fashion - I dunno - it's not like having 2 vacation homes. You're just owning it "part" of the time, so it's not quite the same. Like She11y said, it's like paying for 2 vacations, that's all.

If you own two, and decide to only take 1 vacation that year due to finances being tight, you could rent out the 2nd.

Also, what about buying your timeshare for use during the off-season? That would save money, since the pricing is scaled in blocks according to seasonal demand.

Basically the cool thing about timeshares is their flexibility. The only thing that seems kind of tough is selling them, although on the good side, you don't necessarily have to worry about high closing costs, the price of appraisals, and all that jazz.

The other thing you could do is get a lockout property, I think. Isn't that cheaper - since you share it with another group at the same time?

rambutan

Rambutan,

Thanks for your suggestions..can you elaborate further on your last point about the "lockout property?" What are those and what distinguishes it from a regular timeshare purchase/rental?