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Re: Question on purchasing a timeshare

Timeshare maintenance fees are [b]annual[/b] costs, so clearly the sale price is $950 and the (separate, completely unrelated) annual maintenance fee is the $1,061 figure (a relatively hefty maintenance fee, by the way --- where is this?). The real question you [b]should[/b] be asking (directly of the seller, not here in these forums where we can't possibly know the answer) is whether those maintenance fees are fully paid up to date and whether paid yet for 2021 (most likely not) and when they are next due (likely RIGHT NOW --- and will very likely incur a late charge if not fully paid within 90 days of January 1). You should also be asking if there are any transfer fees imposed by the resort (usually yes), how much those fees are --- and [b]who[/b] would be responsible for paying those transfer fees in the transaction (buyer or seller?). There is obviously no deed involved in a RTU, since you don't really own anything. It's essentially just a "membership", so the transfer fee is a resort-determined matter and the resort itself will dictate both the overall transfer procedure and any mandatory transfer fee. Finally, "week 41" is around mid-October. Where on earth is it supposedly "high season" in mid-October, I'm wondering? P.S. A open ended (i.e., no expiration date) RTU contract is, in my opinion, generally not something to [b]ever[/b] get involved with in the first place. Even in shaky Mexico, most RTU contracts are for 15, 20 or 30 years, with a very specific ending date. That's a long period of time, but at least is has an END. Personally, I would never touch [b]ANY[/b] "in perpetuity" RTU contract with a 10 foot pole, not even if offered to me for for free and no matter where the resort is located or how nice the associated property might be.