The Truth About Timeshare from a Salesman

May 09, 2008 by
Timeshare salesman  
Timeshare salesman
Timeshare salesman
  • Published Content: 1
  • Total Views: 3,246
  • Fans: 0
View Profile | Follow | Add to Favorites
Single page
Font Size
Read comments (8)
More topics
Timeshare  |  Timeshares  |  Timeshare Vacation  |  Homeowners Association

To Buy or Not to Buy a Timeshare?

The truth is a timeshare really is a good investment for your family "if you vacation". If you are not a vacationing family and have no desire (only dreams) then don't waste your time and money.

The two most popular ways to purchase are either from the developer or resale. If you do a 2 hour tour the developer will entice you or even pressure you in some instances to purchase on the day of your visit. They will offer you discounts, extra trips, extra weeks, what ever it takes
 within reason. If you choose to buy resale do your research, although you may find some really good deals you want to make sure that the current owner is current on maintenance fee or any other dues associated with the ownership. Some timeshare companies will not transfer the title of ownership until all dues are current.

Types of Timeshares

Now there are different types of timeshares. They are all refereed to as timeshares but the programs and types of ownership can vary. You can purchase points or credits, which allow you to customize your vacation. With points you can break up your vacation days and do 2 days here or 3 days there and save a little money trading within the developers network of resorts. The down side to points is that you have to buy enough points to accommodate your lifestyle and you will find yourself purchasing more and more points as time goes on . For example lets say a week in Las Vegas or Hawaii can cost you 12000 or 15000 points for the week now. Over the years that point total can go up. (just like hotel rates). This is a vacation club with no real ownership. With this type of ownership your ownership can easily be be canceled for non payment of dues or maintenance fee's. In which you will have lost all of the money that you put into it and in some cases it can show up as a foreclosure and affect your credit.

Page: 1 2 3 4 Next »
 Print   Save Read comments (8)   Next piece
Related Video
   
RelatedRecommendedFeaturedMore By This Source
What Law School is Really Like: The Truth, the Whole Truth, and Nothing but the Truth
Everyone has their own personal reason for wanting to pursue a career in law. Maybe you'd like to change the world, or maybe you'd just like to make a lot of money.
By Dana  |  Published 7/25/2007  |  Read more »
Naked Truth
Though I am a theist, I find Hinduism going wrong way these days. It became business to some spiritual beings. A real seeker of truth need not frequent temples or saints. The search has to be within and the journey has to be simple and long. Read my satire on religion.
By Datla Chiranjeevi Raju  |  Published 7/30/2007  |  Read more »
Run Your Household on a Budget
There are ways that you can run your household and save money. Sometimes we can cut back on expenses that we don't need. We live in a time where everything we buy is so expensive. It is hard sometimes for the typical family to make ends meet.
By Sharon Lynn  |  Published 8/22/2007  |  Read more »
Blogging the Truth
These is the way you can improve the world you live in; blogging the truth.
By B A N A G O  |  Published 9/1/2007  |  Read more »
Truth
Different names for One god
By Mohit Kailshnath Misra  |  Published 11/7/2007  |  Read more »
Fairfield Resorts: a TimeShare Scam to Stay Away From
My consumer alert for this week comes from my own experience working for a company. The methods of the company are so hideous that I wanted to pass them onto any person who may have contact with them in the near future.
By Who Cares  |  Published 11/7/2007  |  Read more »
Related information
Last Minute Travel Deals
Boston hotel deals
Caribbean vacations
Chicago hotel deals
Hawaii vacations
Mexico vacation deals
Miami vacation deals
Paris hotel deals
Phoenix hotel deals
San Diego vacation deals
Save on Europe vacations
 
Comments 1 - 8 of 8  
Comments
Type in Your Comments Below

This article paints a very rosy picture in a perfect world. Yes, if you want to vacation at the same place year after year, a timeshare may be a good investment. If not and you purchase a timeshare with the idea that you will be able to exchange it over the years for other desirable locations, think again as this will rarely, if ever happen. We own two timeshares and I hate them! I have attempted to book a vacation up to 4 years in advance and have NEVER, NEVER been able to get any of the locations we wanted. We have tried for a few years now to sell them and every vulture in the industry begins to circle. I'm not sure if there are any honest timeshare sales companies out there. I've dealt with the Florida Commissioner's office and they are constantly investigating most of these sales companies. As I said, unless you know you want to vacation in the same place for the rest of your life, run do not walk away from buying a timeshare.
Add a Comment

Posted on 02/26/2009 at 8:02:58 AM

I am a timeshare sales man, and have been for about 6 months, previous to that I was an actual owner of a "points" system. From my experience it works, I have taken some really great vactions over the years. I origianlly bought to force myself to vacation, and that it does. if your not the type that vacations, have no plans on vacation, you should never buy it. After I started selling (thats a whole story in itself) I sat down and figured my break even point. Based on what I had spent, I paid for my with a home equity on a home I owned that I sold for a pretty good profit 4 years ago, and my travel, I broke even on my purchase after 6 years, that means for the last 3 years, I have pulled ahead. All my fees come to just under $950 per year, and I get roughly 4 vacations a year from it, about 21 days. I generally average on other expenses, since I spend most of the time on the resort, drive, and cook, I usually spend less than $800 extra per year. So I average about $80 per day.
Add a Comment

Posted on 07/21/2008 at 8:07:02 PM

You may love it, no question about it. The question is about money - it may cost you more than it would cost anyone else to pay cash for exactly the same plus someone paying cash has no limitations you do. Do not believe me? See my calculations and please be my guest, tell me if i am wrong anywhere in my calculations. I bought my timeshare from Point To Point Destinations in Vancouver, BC. It is an RCI points system too. Got to Investment Calculator page of this web site: www.TimeshareRevealed.com
Add a Comment

Posted on 07/13/2008 at 9:07:09 AM

If you started to think that you were ripped off, check out my experience, read the facts, compare to yours and decide for yourself. I bought my timeshare from Point To Point Destinations in Vancouver, BC. I posted facts about what i found out AFTER the purchase here: www.TimeshareRevealed.com
Add a Comment

Posted on 07/13/2008 at 9:07:11 AM

Please advise me on something I am beginning to think was a big big mistake. Long story, short: We purchased two , 2 bedroom lookoff units at Westgate Planet Hollywood . One purchase was $46,000.00. The other one was trading in our other unit in Las Vegas. We had to turn in our other unit at Flamingo Bay in Las Vegas which we paid $15,900 and pay a remainder of $30,000. Bottom line is we relinquished our unit in Flamingo Bay and paid an additional $76,000+ (not exact figures) for 2 twobedroom lockoff units every year for that amount. They told us they were selling for $99,000 with absolutely no bargaining. They said that the only way we got the offer we did was that it was an offer made 3 years ago that was never cancelled so they had to offer it to us for that amount. Said it was like finding money on the ground and that if we wanted to sell it back they would immediately give us $60,000 a piece tomorrow. Did I really get ripped off and if so what can I do about it?
Add a Comment

Posted on 07/06/2008 at 3:07:22 PM

This would not be for me, but great information and welcome to AC
Add a Comment

Posted on 05/15/2008 at 9:05:20 AM

We absolutely love our timeshare. We have a deed but our company works on a points system.
Add a Comment

Posted on 05/14/2008 at 10:05:36 PM

Interesting read. :)
Add a Comment

Posted on 05/12/2008 at 7:05:48 AM

Comments 1 - 8 of 8 

Have more to say?
Become a Source on AC