want to sell Manhattan club week

Lisa, We would like out, of owning an even year week Manhattan Club ownership. We would sell it for under $100. but would want the buyer to pay the closing costs and of course the maintenance fee for 2012(the next use year.) We rented it out in 2008 and now in 2010, but we'd like to get rid of it. We're tired of dealing with timeshares. Can you suggest how to go about asking someone( who could be trusted) to deal with the closing costs(finalize the transaction). Do you do that sort of thing? Guess I should look at your website. Will do, but the info. might be of use to others on this site. Thank you very much.

pixie wrote:

We would like out, of owning an even year week Manhattan Club ownership. We would sell it for under $100. but would want the buyer to pay the closing costs and of course the maintenance fee for 2012(the next use year.)..... Can you suggest how to go about asking someone( who could be trusted) to deal with the closing costs(finalize the transaction).

First the good news: a professional timeshare closing company can handle any and all details for you AFTER you find your own willing buyer. Timeshare Transfer (Vero Beach, FL) and JRA Closing Services (Sunrise, FL) are both respected, competent and affordable (figure on about $300). Many others who are less competent charge more.

Now the bad news: you are among a whole lot of other people looking to part with their Manhattan Club ownerships. Because of the extremely high (obscene, really) MC maintenance fees, there are currently lots of advertised resale listings for this facility. Regardless of price, you may well STILL end up having to offer to pay closing costs yourself (as well as transfer fees imposed by MC, if any) in order to find anyone genuinely interested and be competitive with other listings.

I wish you luck; you definitely have an uphill climb ahead.

Thanks Lisa for your message,

Are you able to give me the phone #s of the resale agencies you listed? Or won't Redweek allow that? I have a prospective buyer, so I would appreciate a response from you. Thank you

pixie wrote:

Thanks Lisa for your message,

Are you able to give me the phone #s of the resale agencies you listed? Or won't Redweek allow that? I have a prospective buyer, so I would appreciate a response from you. Thank you

Neither entity I mentioned is a "resale agency". They don't sell timeshares --- they conduct closings (escrow of funds, estoppel, deed prep and recording for transactions between a buyer and a seller).

You can easily find either Timeshare Transfer or JRA Closing Services with a Google (or any other search engine) Internet search. You need to initiate communications with either one via email anyhow (not by phone call), so providing their phone numbers won't help you much. They obviously want to spend their work days working on closings --- not talking on the phone. In both instances, you will have to pay for the closing services in advance.

I have used both closing services in the past as either buyer or seller and I would recommend either one. JRA is a small (basically one person) operation, Timeshare Transfer is a larger outfit. If MC imposes an internal transfer fee, that transfer fee is NOT included in the closing services fee, but must be paid separately. Good luck.

Thanks Ken,

I found out that you need an attorney in NY state to handle the transaction. I've emailed with the person who was selling hers for $1. plus the maintenance fees and closing costs(on Redweek). She used the attorney that the MC recommends to owners wanting to sell. That's easy to believe. That's what I will do. She told me yesterday the deal was finalized. I am waiting for a return call from the MC Financial Services. I'll report to this forum what is going on with my situation. Thanks again.

don't sell out; you're giving in to what i consider to be lousy, fraudulent management. you sell for $1, mc has the "right of first refusal," they "buy" it, then sell it for mucho more $$$.....your mega loss, their mega gain. fight them via the class action lawsuit or by contacting various nyc media...newspapers, tv, radio exposes of the crap owners are experiencing. when you're at the club loudly voice you opinions to prospective buyers (victims, if you will) about the unscrupulous mc management. this could hurt mc's sales significantly, something they obviously wouldn't want. BECOME PROACTIVE; SELLING OUT SHOULD NOT BE AN OPTION; IT'S ONLY HELPING THE MC TO CONTINUE THEIR FALSE SALES PITCHES IN THE NAME OF GREED.

pixie wrote:

I found out that you need an attorney in NY state to handle the transaction. I've emailed with the person who was selling hers for $1. plus the maintenance fees and closing costs(on Redweek). She used the attorney that the MC recommends to owners wanting to sell. That's easy to believe. That's what I will do. She told me yesterday the deal was finalized. I am waiting for a return call from the MC Financial Services. I'll report to this forum what is going on with my situation. Thanks again.

Well, evidently the deal fail through .... she didn't report back to this forum.

I purchased a split biennial timeshare at the Manhattan Club in 2008. I have 3 nights in RCI points and 4 nights at the club every other year. I have not been using my 4 nights at the club ( a waste I know!!) and was considering converting them to points. Has anyone had any experience with this? I was told to speak to the sales team at the Manhattan Club but am reluctant to do so. Thanks.