I know they are becoming less popular, but some brands seems to gain more value over time and offer good vacation value. What are some of the most flexible, global brands? RCI, Hyatt, Disney? I am considering a perchase and would like input from owners. Thanks
What is the best timeshare brand to buy?
- Thread starter Frontstreet
- Start date
None.
Show us one timeshare that has "gain(ed) more value".
Please don't be fooled by these hucksters my friend.
Show us one timeshare that has "gain(ed) more value".
Please don't be fooled by these hucksters my friend.
Exactly this. If you really, really want to buy a timeshare then:
a) Don't
b) Take one over from someone else as they will usually turn it over for a fraction of what they paid for it if they want anything at all
and
c) Realize people give them away for a reason, so don't.
The following is simply my opinion of timeshare as I own 3 timeshares and spend a fair bit of time ready industry news and owner forums. My first one I bought from the developer (huge $$$ mistake) and the other two I picked up for free, all I paid was the legal transaction costs. As SchlongConery said, they do not appreciate in value with the exception of only a very small handful. There are a large number of people who get hooked in during the sales presentation and end up 6 months to a year later trying to figure out how to get rid of it. They are scammed by a sleazy salesperson who will do anything to make a $ and leave thinking they have bought an investment they can rent for huge profits every year. Surprise!
RCI is the "bank" where people who own a timeshare can deposit and trade. Vacation clubs that use RCI are simply selling off the unused inventory and you don't actually own a legal fractional property, just a club membership. When you buy a specific property then you are actually deeded that fractional ownership, it is yours. Disney's club locations are very desired, IMHO, and have excellent reputations in the travel industry. Others to check into may be Hilton Grand Vacations (HGVC) and Spinnaker Resorts. All of these have great trading power so you will have no problem traveling to anywhere in the world through the RCI system. A couple of sites to check out would be TUG (www tugbbs com) or redweek (www redweek com). Both give great advice and reviews on timeshare, the industry, the developer locations as well as how not to get scammed at the sales presentations (simply don't go to one). They also have links to some resale sites where you can find timeshares for $0 or next to it. I hope this helps.
RCI is the "bank" where people who own a timeshare can deposit and trade. Vacation clubs that use RCI are simply selling off the unused inventory and you don't actually own a legal fractional property, just a club membership. When you buy a specific property then you are actually deeded that fractional ownership, it is yours. Disney's club locations are very desired, IMHO, and have excellent reputations in the travel industry. Others to check into may be Hilton Grand Vacations (HGVC) and Spinnaker Resorts. All of these have great trading power so you will have no problem traveling to anywhere in the world through the RCI system. A couple of sites to check out would be TUG (www tugbbs com) or redweek (www redweek com). Both give great advice and reviews on timeshare, the industry, the developer locations as well as how not to get scammed at the sales presentations (simply don't go to one). They also have links to some resale sites where you can find timeshares for $0 or next to it. I hope this helps.
Great comments & agree
I own 1 in Tenn. & have for almost 30yrs
I have deeded access to the same week every year & dropped my RCI membership years ago as I go to the same place every year as I really enjoy it. Its a prime time red week
I would not buy another
great if you use it & can drive to it, not worth it if you have to fly to it.
Boom
I have a timeshare, vacation village near Disney. I have RCI points. I’ll sell it cheap.
Just to add one more thing.
As I understand it, the annual fees you pay are not a whole lot less, and may be equal to, the cost of just calling up RCI or any other timeshare and renting the same place for a week. They have tons of unused inventory weeks to rent out.
As I understand it, the annual fees you pay are not a whole lot less, and may be equal to, the cost of just calling up RCI or any other timeshare and renting the same place for a week. They have tons of unused inventory weeks to rent out.
Thanks for the input, I would only consider resale purchase at a discount. FYI the ones that have appreciated in value are the one in Disnney theme parks, Animal Kjngdom and couple of others (modest increase, not to be viewed as an investment per se, but a purchase that sort of hold it’s value). My intention is driven purely by the type of properties, global locations and tradability, not expecting any significant return on investment.
Does anyone own any of the Disney time shares in Orlando?
Does anyone own any of the Disney time shares in Orlando?
you can buy my mom's timeshare! she has one in orlando at vacation village at parkway during august right next to disney world and she uses it on RCI to trade for vacations all around the world. email me if you want to find out more. we're selling it at a discounted price because we don't use it as much anymore.
I would be interested in purchasing a timeshare escort... say someone of the ilk of Samantha Jones.
I'd be prepared to buy one week, say, four times a year. In fact, I'd welcome the opportunity to do this with multiple escorts... (It couldn't possibly cost me more than my first marriage.)
The flexibility to trade weeks for comparable time with another escort could be a welcome plus.
Also, I have to think that resale would not be a problem, provided (i) one did this within a reasonable length of time following initial acquisition and (ii) transaction costs were kept to a minimum.
I'd be prepared to buy one week, say, four times a year. In fact, I'd welcome the opportunity to do this with multiple escorts... (It couldn't possibly cost me more than my first marriage.)
The flexibility to trade weeks for comparable time with another escort could be a welcome plus.
Also, I have to think that resale would not be a problem, provided (i) one did this within a reasonable length of time following initial acquisition and (ii) transaction costs were kept to a minimum.
Oh another reason they can never appreciate in value
They ALWAYS separate the whales from the group
Most people overpay during a high pressure sales presentation but certain groups of people REALLY overpay
If you are interested go to a sales pitch
And watch just how quickly the dollar amount required of you drops
They must have more than 100% markup
They ALWAYS separate the whales from the group
Most people overpay during a high pressure sales presentation but certain groups of people REALLY overpay
If you are interested go to a sales pitch
And watch just how quickly the dollar amount required of you drops
They must have more than 100% markup
Yes. The important thing going in is to NOT view as an investment. We picked Disney because we like the area and the product. Has it increased in value, maybe, probably not....don
't care that not why we bought. PM if you want to take offline.
If you have young kids and plan to do Florida vacations, Disney Resorts are an excellent choice. Definitely not an investment other than ensuring you won't be staying in a hotel when you vacation. Disney's trade value in RCI is top notch as well. One of my weeks i trade into RCI (not Disney) gets me 2 weeks at Myrtle Beach each year at the beach.
How much those it cost you guys?
I went to a meeting, but the thing that turned me off was that the monthly fee will go up every year the cost of inflation, which it reasonable, but there was another clause, Wich stated it could go up to 20%, do to unspecific costs. When I pointed that to the sales dude, he got pist and said, we are done, got up and didn't even say goodbye.
So back to the question, how much did it cost you first year, with initial purchased price, and how much does it cost you now?
I went to a meeting, but the thing that turned me off was that the monthly fee will go up every year the cost of inflation, which it reasonable, but there was another clause, Wich stated it could go up to 20%, do to unspecific costs. When I pointed that to the sales dude, he got pist and said, we are done, got up and didn't even say goodbye.
So back to the question, how much did it cost you first year, with initial purchased price, and how much does it cost you now?
WHO CARES??? Timeshares are a FOOL'S game.
Consider this:
1. Almost everyone you might talk to or read about online who has purchased a timeshare acknowledges it was a bad decision.
2. The only people who try to convince you it is are either the highly trained salespeople who are implementing a highly engineered con game sales pitch to get your money... or are owners who are so personally emotionally invested in their decision that they will not admit their mistake.
We own (from resale not developer) in the Marriott Vacation Club System. It is good. Not cheap, but good. We bought for about 10% of the cost upfront. Maintenance fees are what they are. Recommend renting and trying before buying.
There is a great site: Timeshare Users Group (TUG). Www.tug.org Great advice, a marketplace (including ones you can rent). And Reviews of properties
There is a great site: Timeshare Users Group (TUG). Www.tug.org Great advice, a marketplace (including ones you can rent). And Reviews of properties
