We would prefer Wailea area and to be on or VERY close to the beach. If you’ve stayed in places and loved them, please let me know the unit numbers.

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Is it really worth it to buy into time share? Considering all the fees and payments, even becoming a member of RCI, is it worth all the money to buy into timeshare?

Some deals have you purchase a deed for a week or more at one resort. You own it and can use it, sell it, gift it, or put it in your will for your children or whoever. Is it a scheme or is it actually worth it?

Should you buy a timeshare? Yes and no is my best answer. Let me explain. I have spent the last 25 years showing people all over the world the benefits of timeshare and I know that the vast majority of them are happy with this type of vacation. I know this because for the last 5 years I have only dealt with people that already owned a timeshare and were interested in more. So that’s the yes part of is timeshare a good deal. Many millions of people all over the world have invested billions of dollars in timeshare and many more will do so in the future.

Then why do I also say no?

Because it’s not for everyone. If you bought at a location that you would love to return to every year, it works great, but if you bought it to exchange like many do, then there are better choices available. There are travel networks that allow you to stay in these very same timeshare locations each year as much as you want, at a fraction of the original timeshare investment and without the expensive yearly maintenance fees. 

My best advice if you decide to get a traditional timeshare is to be sure that you buy resale. Every timeshare being sold by the major companies is available on the resale market for 50 to 70% less. You can find connections to resale brokers all over this site.

Finally, for those of you that already have a timeshare that’s not working for you, don’t give up. There are ways to get great benefits out of the exchange company that only the real timeshare experts know. Check out “Secrets to Exchanging Your RCI Timeshare”.

So, should you buy a timeshare? The answer is yes…if you know where and how to buy it and you learn how to use the exchange. This site can help answer these questions for you and give you the information you need to make the best choice and save the most money. Start with the categories and then sort through some of the recent posts and links. Chances are your answers are there already. Happy Vacationing.

What is a timeshare? I listen people talk about that they have timeshares but i dont know what it is. How does it work?

Timeshare at its core is essentially a group of people sharing the cost of a vacation home.

The word "timeshare" has grown over the decades to include a wide variety of vacation products and plans. Also known as "vacation ownership" "holiday ownership" and "interval ownership" , its umbrella covers traditional deeded timeshare ownership, fractional ownership, private residence clubs, points clubs, and more. Some would even broaden the term further to include campground memberships and the " condo hotel" concept, in which a condo is purchased outright but the owner is only allowed to use it for a specific periods of time and it is rented by a hotel management company for the remainder of the time.

Regardless of how loosely or rigidly you choose to define the term, the basic premise of timeshare is simple. You and a group of other people share the purchase cost of a vacation accommodation, in increments of one week (or more) per year of use, thus guaranteeing your ability to use that accommodation during the period of time you choose, either for life or for a specified number of years. Accommodations range from hotel rooms to condos, from cabins to luxury houses and castles, from yachts and cruise ships to RVs and houseboats.Owning timeshare in the traditional sense means a condominium/villa/house/hotel unit, etc. is subdivided into 52 separate units of time (52 weeks in 1 year), and usually sold to a maximum of 51 owners (leaving one week each year closed down for annual renovations and/or maintenance). Each owner would own 1/51 of the unit. Each share repesents one week of vacation. Each owner is entitled to ownership rights and privileges of the shares that they purchased.

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. It is important to remember that purchasing timeshare should never be viewed as a financial investment with the expectation of gaining a profit in either reselling it or renting it to someone else. 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.

I own a timeshare in Newport, Rhode Island, how can I sell this quickly and easily?

there are companies out there that sell timeshares-you pay them a fee. Or online ebay or a place like www.redweek.com- they only deal with timeshare.
good luck

I bought some timeshare in florida for 12k its next to walt disney, universal studios and sea world. I need help selling it.

There is no out, those are iron clad contracts.

You can not even give them away, no one wants to pay the yearly "maintenance" fee. You might try paying someone to take it.

We purchased our timeshare 2 years ago, and it just doesn’t fit our lifestyle.

search the web, look for a reseller that does not demand an up front listing fee and if you get close to 50% of what you paid for it, take it.

I’ve always made on-time monthly payments on my timeshare until now…I’ve filed for hardship with the timeshare company but haven’t received an answer from them. I am thinking of letting it go into foreclosure because I can’t make payments anymore. They won’t let me sign the Warranty Deed in Lieu of foreclosre and instead offered me a downgrade. I’m afraid of legal issues. What should I do?

I would say that if you have not applied for a HELOC, then you are safe. If you went and refinanced using your equity in your home, then the debt is with your home mortgage lender and not the timeshare company. You might want to look at selling for what is owed on ebay or craigslist. Visit Timeshare Advocacy International for more.

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