I received a question on whether the timeshare I am selling:
Is this a developer owned timeshare or an owner HOA managed building?
The place is Coconut Bay Resort, Fort Lauderdale, Florida. I'm a timeshare owner, but don't understand the difference they are asking me. So I don't know how to reply to the interested party.
Thanks for any help.
I don't know anything whatsoever about this resort, but will offer a few generic observations and suggestions that may help:
1. Call the resort directly. Ask them very specifically if there are still any "developer sales" going on there, or if it's "sold out" with only "resales" available now. If the answer is "only resales", then you know that the developer is likely gone from the scene --- and you have part of your answer.
2. While you're on the phone, ask the name of the current management company (which is likely identified on your annual maintenance fee bill, but ask anyhow as such things can and do occasionally change). If this is a "sold out" resort (i.e., the developer is now out of the picture), there is most likely a third party management company
hired by the owner-based HOA. It is highly unlikely, although not impossible, that the place is actually being managed by the HOA itself. If it is, this strongly suggests that developer "representatives" may be on the Board and the developer still peripherally involved in the property management. Identifying the management company, combined with the answer to item 1. above, will provide the information you need for your prospective buyer.
3. While on the phone, also inquire about current exchange company affiliation of the resort, if that's something that you don't already know. Potential buyers may very well ask and may very well care a lot whether it's affiliated with RCI, II or with both; exchange company affiliation is also something that can change.
You certainly don't want to offend or alienate your prospective buyer, but you could also volunteer the resort's phone number to the buyer, inviting them to obtain and / or confirm answers to their questions "right from the horses' mouth" if they prefer. In any case, good luck.