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Dunbar
Oct 15, 07 - 1:14 PM |
Smuggler's Notch: resale vs. sales office
I am trying to get a handle on the timeshare purchase realities of this resort. I have done the 90 minute sales presentation and have heard all about the RCI points system. What confuses me, though, is how the resort treats new owners who purchased through a resale independent of the resort. According to them, such a sale would be obliged to pay the resort a "marketing fee" equivalent to 20 percent of the sales price. In addition, I get the impression that the "owner benefits" associated with that unit are non-transferable, which means no access to the facilities, no children's camp, etc. I have seached this forum and have found some vague references to Smuggler's Notch handling things differently, but no specifics as to how. So I have some specific questions for anybody who's willing to pass on the answers: When a purchase transaction of a deeded timeshare is done independent of the resort, is it true that the new owner will be barred from the resort's amenities? If so, is there a way to resolve this? What obligation does a new TS owner have to pay this 20 percent fee? What do you get in return? If the unit is RCI-weeks, what does it involve getting it converted to points? A $3000 fee from the resort? Is it worth that? Thank you to anyone who can offer some insights. |
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Bill
Oct 15th, 2007 - 1:15 PM |
Re: Smuggler's Notch: resale vs. sales office
LIES, LIES and damm LIES!! There are a few things which you may lose when you buy a TS resale, but in general the massive extra costs of buying from the TS developer are just that massive extra costs. I can't answer any direct questions about Smuggler's Notch but likely the cost to buy from the developer not worth the extra cost. |
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Kid
Oct 15th, 2007 - 1:16 PM |
Re: Smuggler's Notch: resale vs. sales office
If you've taken a tour there and want to buy resale, you must buy through the resort (still from a previous owner, but the resort brokers and takes a huge 20% commission) to get the benefits package. The benefits package is a huge benefit that can be worth thousands, as it provides free lift tickets, free summer camps, and other things as well. While I can't quantify it totally, I do know that exchangers have to pay $50 per child per day for the summer camps (I'm a summer owner so I know more about that season). Since the benefits package isn't part of your ownership and does expire in 20 years...it's non-transferable from another owner. If you have not been on a tour there, I believe there is still a "loophole" where you can buy resale from another owner and have the remaining years of their package transferred to you. I'm not sure why Smuggs hasn't closed that loophole. If you buy resale and don't get the benefits package, you wouldn't be "barred from the resort's amenities"...you just have to pay for them, and that can get pricey if you're paying for kids to go to camp or, I assume, paying for lift tickets. I suppose if you find a good enough deal then it may be worth it. We bought resale brokered by the resort, so we did get the benefits package. We bought from a very motivated seller, so we got an excellent price, even though we also had to pay the 20% commission. There are quite a few resales out there...obviously Smuggs doesn't push them the way they push their new construction. If you find a motivated seller, perhaps you can agree that the seller pay the commisssion or that you split it. The problem is, of course, that the units in general are expensive, and so it's unlikely that even the most motivated seller will allow you to buy for a price that is similar to some of the cheaper timeshares out there. |
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