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Timeshares
NEVER buy a timeshare for THOUSANDS of dollars from a Timeshare presentation. There are a lot of people that paid THOUSANDS and have now used them and paid them off and no longer want or use them. Instead, you can buy those same timeshares for as low as $1.00 from ebay. We bought a few for $1.00 several years ago, near Disney. We signed up with Interval International to trade our weeks. We stayed at our timeshare, traded for Las Vegas, Mexico and Paris. Once we moved to Florida, we didn't really need them anymore so we sold them for $2.00 each - we doubled our money...lol. Check some out on ebay. https://www.ebay.com/sch/i.html?_fro...acat=0&_sop=15 You're welcome!
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You need to understand it to enjoy it.
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Yes and yes.
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Now that we own a home in The Villages, we may rejoin the trading organization and start using the week for vacations in other areas. If someone buys a timeshare as an investment property, they will be sorely disappointed. Used timeshares are almost impossible to sell, some of them you can't even give away. If on the other hand you find one at a reasonable price in a location that you want to visit on a regular basis it can be a good purchase. |
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Interesting Ebay site. |
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With that said, we own 5 BUT they are paid for when we get them. This is a unique deal you buy the unit cash you have maintenence fee every year, and it's yours (and your kids etc) forever (or until the building no longer exists) . Here's the killer part - the units average about $8200 each. I don't have to reserve - just show up, I have an option to trade off for other resorts, however we chose not to. RCI can be a problem at times. We've already made our initial investment back. |
Why not buy used
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:coolsmiley: |
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If we don't use our scheduled week, we are not required to pay the yearly maintenance fee as long as we notify them in advance. We've used the week in Cabo (3x's), Arizona, Hawaii (2 weeks), Dominican Republic, and Aruba numerous times now. Once the contract is up, the maintenance fee is gone. I think we have 8 or 9 weeks left that we can use. |
Over 20 years ago we bought a 2-bedroom week at Hilton Head for $2500 through Marriott's resale office. We have never been there. We just bought it to be Marriott Vacation Club owners. We go to Marriott's Grande Vista in Orlando every year and love it. Even with the maintenance fees, it is still a good deal, and owners often get getaways and other good discounted stays. Our timeshare works for us...
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Timeshares
We have 2 timeshares that are weeks and 1 that is points that can be converted to numerous nights or units. We can also move the 2 weeks into the points program and convert to points annually. Have been to many places we wouldn't have gone to without the timeshares. We got pretty good deals on them when we purchased them, mostly 20 years ago. Now they would cost too much.
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Priority as to when you can book.. |
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Have one and love it!!!
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We have owned DVC for at least 15 years and are very happy with it. We enjoy using it ourselves plus we often host family. The initial investment was high but spread out over the years it isn't bad at all. Adding in annual maintenance fees then calculating the cost I figure I'm saving well over 50% off the cost of the room. For example, I calculate that we are paying the equivalent of $2,500 total for a week in a two-bedroom villa. For the same week, a hotel room (single room, no sofa, no kitchen) is going for $850 per night and another site lists a price of $2,200/night for the two-bedroom. Without DVC there is no way we would be staying at that particular resort, and probably not on Disney property at all. Over the last six years our maintenance fees have increased about 5% per year. The increases have not been uniform: prior to COVID they were about 3%, in 202 they actually decreased, and in the two years since COVID the increases have averaged 10%. For us, DVC is a very good value. If we stopped enjoying Disney the value would plummet. We *might* be able to find more affordable accommodations but not with the location and amenities (room size) that we have now. Maintenance fees increase most years but so does the price of renting a room. |
I've rented many times at Westgate and did enjoy it, especially when the kids were young. Never understood why anyone would buy one when a very nice unit could be rented for about $150 per night. I never had any problem getting a unit, even over Christmas and New years.
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You can "buy" timeshares on eBay for $1 or slightly more. That shows you how undesirable many of them are to own. You cannot compare a timeshare to owning a condo or home. The timeshare you don't really own anything except a contract to pay maintenance fees every year.
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$150 per day X7 X10=$10,500. So for less than 11 grand you can have the same experience. |
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At a nice place, resort style, quality......Here is the Marriott Grand in Hilton Head: Two bed room, Kitchen, Living room: $430 to $640 per night. |
Like both of ours until the maintenance fees went out of site. Sold them privately for a song years ago.
It is amazing that I still get phone calls from those Timeshare companies that have popped up all over wanting you to sell yours to them. Must be big money in resales. |
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We have a week in Aruba in December and we love it. We have owned it for 6 years and enjoy just going and sitting on the beach. Also the food in Aruba is excellent.
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We’ve owned a total of 12 over the years all in Aruba we are now down to 3 and plan on keeping them. For us they’ve been great and don’t regret owning them.
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Some have annual inflation limits. Most, once sold out, are run/controlled by an owner committee. Maint Fees go right back into the property..............there is no profit component. Since units are sold "by the week".......it's easy for the site can have 5,000, 6,000, 8,000 owners..............so the committee could have a ton of whiners and headaches. They operate like mini CDD's. |
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Too much law firm advertising. Like buying into TV (or any real estate), read all documents, understand restrictions, learn about fees.....and buy if you like. (& no, it's really not high pressure) Look at real examples.............look at many posters on this site......buying and selling and happy. |
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I have a friend that has one. She has to share it with her ex-husband. My parents had one, but at some point you get too old to use it, but you still have maintenance fees, or you have to get rid of it.
Life changes. People like to believe it never will. For that reason, I will avoid anything that looks like a time share. |
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Airbnb, Honolulu, middle of May (to compare to Westgate), $400/night and up. |
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