Property Q&A in Austin>Question Details

Blue-dog, Home Buyer in Round Rock, TX

I'm really curious as to why this is priced so low?

Asked by Blue-dog, Round Rock, TX Sun Apr 21, 2013

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This question was asked from this property: http://www.trulia.com/property/3107546660-8212-Barton-Club-D…

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Answers

6
Because timeshares are almost worthless, but overpriced at the resorts. The resale prices are always low
0 votes Thank Flag Link Fri Apr 11, 2014
This is a timeshare. If you would like detailed analysis on any home or neighborhood, please feel free to contact me anytime.


Steve Nusinow
(512)922-7588
0 votes Thank Flag Link Mon Apr 22, 2013
This is a Time Share type ownership. You would have use of the house and amenities certain days/times of the year.
0 votes Thank Flag Link Mon Apr 22, 2013
Have you ever heard of a time share? This is just like that. You get to own a part of this home for $58,000. Not all of the house, only a part.
And you don't get to stay there all year either. Only a part. The listing doesn't say how long, but I'm guessing this is a 1/12 ownership stake, so probably for only one month a year.
0 votes Thank Flag Link Mon Apr 22, 2013
Because it's not a single titled property. It's essentially nothing more than an investor timeshare with a fractional ownership of the property. There's an old saying, "if it looks too good to be true, then it probably isn't true."

Ron Cullinan
Avalar Austin
GRI, CRS, ABR, CLHMS, e-Pro
512-799-3239
austin_realtor@earthlink.net
http://www.austinonlinehomes.com
0 votes Thank Flag Link Sun Apr 21, 2013
It's a fractional ownership, kind of like a timeshare.
0 votes Thank Flag Link Sun Apr 21, 2013
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