LeighS
newbie
- Joined
- Mar 20, 2018
- Messages
- 11
- Reaction score
- 3
- Points
- 3
- Resorts Owned
- The Ridge Tahoe
Hello!
My husband and I are retiring abroad and want to transfer our timeshare to someone who can make use of it more than we can. It's completely paid off, so you'll basically be taking over the dues payments (which include the maintenance fees).
We pay $100/mo via EFT, but you can choose to pay lump sum once a year (due in January).
Our 2BD/2BA condo suite is in the TOWER bldg at The Ridge Tahoe (here's the map - it's near the Club House). It's a lock-off unit so you have flexibility in either splitting your week to use each separately (a one-bedroom suite with full kitchen, and a hotel-type suite with kitchenette) or using the entire unit which sleeps 4 (or 6, when using the sofa sleeper bed) for a full week.
Also, it's not tied to a particular week, so you can choose any week within the PRIME seasons (mid to end of December of the previous use year, and early Jan to mid-April and latter-May to latter-Sept of the current use year).
And if sometimes you want to vacation somewhere else in the U.S. or around the world instead, or maybe the only time you can take off for a Lake Tahoe vacation is in November (which isn't in the PRIME season at the home resort), then you can ...
DEPOSIT IT FOR EXCHANGE: Interval International told us this (in an email) ... "After the timeshare is sold and the deed is under the new owners name, you can call and change the name on the Interval International account. The new owners will be able to use the weeks on deposit if you have any at the time."
We currently have THREE deposits (each use expires in December of the years 2018, 2019, 2020) good for anywhere in the U.S. and around the world, and TWO certificates we earned (these have some limitations; for example, you have to choose from their list of states/countries/regions, and dates are 3 months out at a time).
For the three deposits, you don't have to use them only in December, you can pick ANY week in ANY month prior to the expiration dates. With some locations (like Hawaii and states/countries with limited selection of resorts to choose from) if it shows 'No availability', you can 'Place a Request' and when a resort becomes available, you'll get booked there. We've had that happen a few times when booking a last minute vacation to a Hawaii outer-island (Maui and the Big Island) to visit family/friends. In every instance, something always came available for our dates.
Here's Interval Int'l Resort Directory to see all the resorts around the world you can choose from.
Our Interval Int'l membership expires 1/12/2019. However, through our past experience, if you use a deposit week with a travel date later than the membership expiration date, they'll require you to renew your membership to cover the travel date's reservation period.
Here's Interval's membership and exchange fees (as of Dec. 2017).
Because of the prior exchange deposits, your reservation bookings at The Ridge Tahoe starts for year 2020, but includes the month of December 2019 (if any weeks are still available). Bookings are available 23 months out, so if you want to book from Summer on for 2020, you'll have to wait until those dates show on the calendar to select (ex: as of today, when I looked at the calendar, the last booking month I can select from is May 2020).
Visit The Ridge Tahoe website for photos and more info on amenities, etc.
Also watch this short video
TERMS: Buyer pays all closing costs through Legal Timeshare Transfers (the recommended service here on TUG). They quoted a closing fee estimate of $275.00. From their info and instructions it looks like a simple process (there's no escrow involved since no $$ will be exchanged), and everything can be done via email it seems (they gave me two short forms to fill out).
I hope we can transfer our timeshare to someone soon. It really deserves a family who can take annual vacations more than we could and also utilize a 2BD suite. Many times for us, the 2nd bedroom would go unused, which was such a waste! If you have 4 - 6 people in your party, or you can take split vacations to use each lock-off separately ... then this will be much better suited for you than for us.
Many thanks for stopping in here to check this out! Sorry this was so long. If you read this through to the end, I salute you! =D
My husband and I are retiring abroad and want to transfer our timeshare to someone who can make use of it more than we can. It's completely paid off, so you'll basically be taking over the dues payments (which include the maintenance fees).
We pay $100/mo via EFT, but you can choose to pay lump sum once a year (due in January).
Our 2BD/2BA condo suite is in the TOWER bldg at The Ridge Tahoe (here's the map - it's near the Club House). It's a lock-off unit so you have flexibility in either splitting your week to use each separately (a one-bedroom suite with full kitchen, and a hotel-type suite with kitchenette) or using the entire unit which sleeps 4 (or 6, when using the sofa sleeper bed) for a full week.
Also, it's not tied to a particular week, so you can choose any week within the PRIME seasons (mid to end of December of the previous use year, and early Jan to mid-April and latter-May to latter-Sept of the current use year).
And if sometimes you want to vacation somewhere else in the U.S. or around the world instead, or maybe the only time you can take off for a Lake Tahoe vacation is in November (which isn't in the PRIME season at the home resort), then you can ...
DEPOSIT IT FOR EXCHANGE: Interval International told us this (in an email) ... "After the timeshare is sold and the deed is under the new owners name, you can call and change the name on the Interval International account. The new owners will be able to use the weeks on deposit if you have any at the time."
We currently have THREE deposits (each use expires in December of the years 2018, 2019, 2020) good for anywhere in the U.S. and around the world, and TWO certificates we earned (these have some limitations; for example, you have to choose from their list of states/countries/regions, and dates are 3 months out at a time).
For the three deposits, you don't have to use them only in December, you can pick ANY week in ANY month prior to the expiration dates. With some locations (like Hawaii and states/countries with limited selection of resorts to choose from) if it shows 'No availability', you can 'Place a Request' and when a resort becomes available, you'll get booked there. We've had that happen a few times when booking a last minute vacation to a Hawaii outer-island (Maui and the Big Island) to visit family/friends. In every instance, something always came available for our dates.
Here's Interval Int'l Resort Directory to see all the resorts around the world you can choose from.
Our Interval Int'l membership expires 1/12/2019. However, through our past experience, if you use a deposit week with a travel date later than the membership expiration date, they'll require you to renew your membership to cover the travel date's reservation period.
Here's Interval's membership and exchange fees (as of Dec. 2017).
Because of the prior exchange deposits, your reservation bookings at The Ridge Tahoe starts for year 2020, but includes the month of December 2019 (if any weeks are still available). Bookings are available 23 months out, so if you want to book from Summer on for 2020, you'll have to wait until those dates show on the calendar to select (ex: as of today, when I looked at the calendar, the last booking month I can select from is May 2020).
Visit The Ridge Tahoe website for photos and more info on amenities, etc.
Also watch this short video
TERMS: Buyer pays all closing costs through Legal Timeshare Transfers (the recommended service here on TUG). They quoted a closing fee estimate of $275.00. From their info and instructions it looks like a simple process (there's no escrow involved since no $$ will be exchanged), and everything can be done via email it seems (they gave me two short forms to fill out).
I hope we can transfer our timeshare to someone soon. It really deserves a family who can take annual vacations more than we could and also utilize a 2BD suite. Many times for us, the 2nd bedroom would go unused, which was such a waste! If you have 4 - 6 people in your party, or you can take split vacations to use each lock-off separately ... then this will be much better suited for you than for us.
Many thanks for stopping in here to check this out! Sorry this was so long. If you read this through to the end, I salute you! =D
