Please
remember that buying a timeshare privately
(resale)
from an owner is a large real-estate transaction, and in many
states subject to more stringent regulations then that of a normal
residential property purchase. It is recommended that a real estate
attorney familiar with the laws and regulations pertaining to the
state the timeshare is located in be used for such transactions. All
agreements should be made in writing on state approved documents to
ensure both the buyers and sellers rights are protected. You'll
also need all the proper current paperwork regarding the fees, sellers
current financial standing with the resort (often the reason
timeshares are sold privately is because back dues and or fees are
owed), rights and limitations of use associated with the property and
the resort that it belongs to, along with a copy of the current
version of the public offering statement. To view a list of privately
offered condos click
here.
