Timeshare Owners: What were the key selling points that appealed to you? OR What do you wish you had but don’t?
I know a lot about timeshares because I used to process contracts for a timeshare company.
What I don’t know is how one timeshare company compares to another and how to shop for what is best.
Am I looking for my favorite locations? Transferability? Number of locations? I can figure out my cost options myself, I just want to know what else other owners watch for or wish they had.
What we wished was true and what made most of us owners buy is that it’s a financial investment, that you can rent it and make money on it, that you can exchange it for anything you want and finally that you can resale it and make a profit. Not easy hu?
But here is the real deal:
Timeshare is definitely for people with NO FINANCIAL problems and when doing it for the RIGHT reasons and under the RIGHT CIRCUMSTANCES it can be a GOOD THING.
BIG "NO,NOS" IN TIMESHARE:
*If you normally spend less than $100 USD a night for accommodations then timeshare is NOT FOR YOU
*It is not a financial investment
*Don´t buy if you plan to rent it
*Don´t buy if you plan on reselling
*Don´t buy if you plan on exchanging often
*Make sure you can afford to travel at least one week a year
*NEVER BUY FROM THE DEVELOPER
THE RIGHT CIRCUMSTANCES:
*This system makes vacation home ownership possible for many people who cannot afford a second home or who otherwise would not be able to enjoy such resort facilities. Timeshare is an investment in lifestyle, in future holidays, in family time together, and when viewed that way it can be a good investment indeed.
*Get it in an area the you LOVE and that you would visit every year without a problem
*Get it in a very nice Resort (where normally people would pay at least $200 a night)
*Get it in the resale market (it would cost you less than $1000 USD) so all what you have to spend is the maintenance fee.
HERE ARE THE NUMBERS:
$200 USD a night (in a decent resort) x 6 nights = $1200 USD
Maintenance fee in a NICE RESORT x 6 nights = $700
*Maintenance in a "decent resort" x 6 nights = $400
Related posts:
- Should I buy an RCI Timeshare?
- How can we transfer a timeshare to another family member?
- Is there a difference timeshare points from wyndahm and resale?
- How do you sell a timeshare with RCI Points?
Tagged with: Buying Timeshare • renting timeshare • Selling Timeshare • Timeshare info
Filed under: Buying Timeshare
Like this post? Subscribe to my RSS feed and get loads more!
NEVER, EVER buy from the developer. Always purchase resale and you will save up to 90% off of the retail price – yes 90%!
I am tired of seeing people getting ripped off by the developers. You can also buy on eBay.
One salesman at a Wyndham property tried to sell me a 154k points package for around $20k – I can buy this same point package for LESS than $1,000 on eBay.
References :
http://www.tugbbs.com
http://www.tug2.net
http://www.ebay.com
What we wished was true and what made most of us owners buy is that it’s a financial investment, that you can rent it and make money on it, that you can exchange it for anything you want and finally that you can resale it and make a profit. Not easy hu?
But here is the real deal:
Timeshare is definitely for people with NO FINANCIAL problems and when doing it for the RIGHT reasons and under the RIGHT CIRCUMSTANCES it can be a GOOD THING.
BIG "NO,NOS" IN TIMESHARE:
*If you normally spend less than $100 USD a night for accommodations then timeshare is NOT FOR YOU
*It is not a financial investment
*Don´t buy if you plan to rent it
*Don´t buy if you plan on reselling
*Don´t buy if you plan on exchanging often
*Make sure you can afford to travel at least one week a year
*NEVER BUY FROM THE DEVELOPER
THE RIGHT CIRCUMSTANCES:
*This system makes vacation home ownership possible for many people who cannot afford a second home or who otherwise would not be able to enjoy such resort facilities. Timeshare is an investment in lifestyle, in future holidays, in family time together, and when viewed that way it can be a good investment indeed.
*Get it in an area the you LOVE and that you would visit every year without a problem
*Get it in a very nice Resort (where normally people would pay at least $200 a night)
*Get it in the resale market (it would cost you less than $1000 USD) so all what you have to spend is the maintenance fee.
HERE ARE THE NUMBERS:
$200 USD a night (in a decent resort) x 6 nights = $1200 USD
Maintenance fee in a NICE RESORT x 6 nights = $700
*Maintenance in a "decent resort" x 6 nights = $400
References :
http://timeshareownerscommunity.com/
The company has an excellent reputation and is one I am familiar with. Locations and transferability are next. Low costs for maintenance. Amenities at the resorts. Most people get suckered in to no name places where they are unfamiliar with the company and have no knowledge of them. Then they overpay without negotiation.
References :