Do you or does anyone you know own a time share?
i just stayed at a beautiful resort that a friend owns, that is at an “owned vacation resort.” (I think that’s what they called it – i don’t want to name it because i don’t want anybody saying i’m getting paid to sell for the company, but it’s a large hotel chain that owns the resorts). She had a two bedroom, two full bathroom suite with full kitchen, full living room, two showers and whirlpool bathtub, washer/dryer, dishwasher – all the amenities of home. The resort had indoor/outdoor pool, tennis court, hot tubs, and it was at the base of a ski slope with the lift right there so you could ski on/ski off. There were activities and different lounges throughout the buildings. Everything was in beautiful condition and the resort was nicely maintaned. i was very impressed with the rooms and the facility, to the point of considering buying such a thing myself. i know that these things now are sold as packages, with differing amounts of time, and different plans as far as locations, trading up, probably purchasing one takes a lot of decision making. i know that in addition to the price she paid she pays a monthly fee, and she also owns another one (same provider) that she bought as a foreclosure.
do you own a time share or know anybody who owns one? do they like it or are they sorry they bought it? i would think the advantage is that it encourages you to travel, since you get these weekends and weeks, it’s like you may as well use them. the advantage also is that having a kitchen available you don’t have to constantly eat in restaurants, which could be costly with a family. the disadvantage is of course shelling out a bunch of money ahead of time for vacations.
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I don’t own one. But I have done some homework.
Run away! Do the math. The maintenance charges and service fees are killers. That is why people are willing to walk away from them. Even giving them away they cost money.
If you want to travel, just travel. You will see other places and will have the flexibility to go when and where you want at much lower cost.
Be very, very careful. Read the contract and then read it again. Don’t be stuck holding the bag like the previous owners. Remember, they are selling at fire sale prices for a reason.
I had one but I sold it to my sister when I bought my house. She loves it.
I hated selling it. because I just let her take over payments.
I can even will it to the next generation and she has upgraded twice. She has everything and is ready for retirement.
I think it does cost more than just taking a vacation. You still have travel costs.
The amenities are awesome. I wanted to buy one in Cancun.
maintenance fees are about 600 bucks are year.
If you have wealth, go ahead.
My parents and I own a timeshare in Cabo San Lucas, Mexico.
We ended up upgrading the timeshare last time we were there. We have a king size bed and a full kitchen in the master bedroom and two queen size beds in the other bedroom including two pullout couches. I agree, that with a kitchen you can buy groceries and cook every once in a while instead of constantly going out to eat.
We love it there.
We’ve been to many different sales presentations over the years, and we always leave with out buying. Short term, they are fun, but usually over time many problems crop up. The management fees are horrendous, and you have no guarantee that the upkeep will continue.
Many sites are allowed to deteriorate. My inlaws had one, and they sold it when the owners could no longer afford to keep the pool heated, and they took out the spa because the plumbing went bad.
We have discovered we can rent a unit at many different time-shares for far less than it would have cost to buy one. My favorite is the South Lake Tahoe Beach and Ski Club, and the Tamerack Beach Resort in Carlsbad, CA.
In Europe we recommend to stay away from the concept. Lots of fraud.
I have a timeshare and want to sell it , as the maintenance keeps going up and there are all these rules about booking which are maddening and impossible. Does anyone know a legitimate time share seller.? The crooked ones want money up front…
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