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roof top view in a tropical forest.

Love taking your annual vacations? Then you might consider investing in a timeshare, a vacation property that you share with others and get to visit certain times of the year. But is buying such a property a good move?

That depends on your goals.

If you expect to one day earn a profit when you sell your vacation property, then a timeshare is not a smart choice. These properties rarely increase in value, and it can be difficult to find a seller willing to pay top dollar for them. But if you prefer a fixed vacation spot in a location that you know you’d like to visit each year? Then a timeshare might work.

The key to deciding whether a timeshare is a smart move for you is to carefully consider your own vacation habits. Timeshares aren’t a good choice for those who like traveling to different cities and countries each year but might work for those who prefer vacationing in the same spot on an annual basis.

Just be sure to remember that a timeshare, no matter how much you enjoy it, will never bring a financial windfall when it’s time to sell.

“A timeshare can be a nice way to travel, but it should never be confused with an investment,” said Gordon Newton, author of the Consumers Guide to Timeshare Exit and president of Newton Group Transfers in Chandler, Arizona. “It will not increase in value and always has a maintenance fee attached to it.”

How Timeshares Work

As the name suggests, when you buy a timeshare, you are purchasing a vacation property that you share with others throughout the year. In many timeshare arrangements, you get to visit your vacation property once a year.

When you get to visit it depends on the type of timeshare you purchase.

You might purchase a fixed-week timeshare. With this arrangement, you can visit your timeshare property during the same week every year for as long as your contract allows. This type of timeshare provides predictability and makes it easy to plan your trip. You might, though, get bored traveling to the same vacation property during the same week every year.

If you don’t feel like traveling during a given year you can try to rent out your block of time to other travelers. You can also switch times with other owners. Of course, this works best when you own a timeshare in a popular location.

Floating timeshares are a bit different. In this arrangement, you can reserve your property any week during a certain time period. Maybe you can visit your timeshare sometime during the months of July, August or September, for instance. Not surprisingly, it’ll cost more to reserve time during the more popular traveling months of the year.

Another option is the points system. This arrangement is more complicated: You can stay at different timeshare properties, but the properties and times available to you depend on the number of points you’ve accumulated. You get points by buying into a timeshare or by purchasing them from the vacation club of which you are a member.

You can buy a timeshare directly from a vacation club offering them or from current owners trying to sell their properties. Buying from an individual owner is often a better bargain.

The Pros and Cons

Newton works with consumers to help them get rid of unwanted timeshares. He said that consumers should never consider timeshares to be a financial investment.

Why? Because most consumers won’t be able to sell a timeshare they no longer want and make a profit, Newton said. Timeshares also come with maintenance fees, something that will eat away at any potential profit owners might make when they eventually sell their timeshares.

Those maintenance fees are a big negative. Newton said that owners usually pay these fees each year. These fees usually increase annually, too, usually at a rate higher than inflation, he added.

This doesn’t mean, though, that a timeshare is always a bad move. Those consumers who understand that a timeshare will cost them money and not make them any, might enjoy having a guaranteed vacation spot each year, Newton said. This is especially true if the timeshare is a nicely maintained property in a desirable location.

The downside here? You might grow tired of vacationing in the same location each year. That’s when the challenge of a timeshare – getting rid of one – kicks in. You might have to pay a third party to help you get out of a timeshare arrangement if you can’t find someone to buy your property.

“When they are no longer interested in traveling to that location, they will have to deal with the burden of getting out of the timeshare, which could cost money if an exit company or attorney is required,” Newton said. “Sometimes you just can’t find a buyer, and the resorts typically won’t take it back.”

Another challenge with timeshares? You might struggle to book a vacation at your location during popular weeks. You could avoid this by purchasing a fixed-week timeshare, where your vacation time is guaranteed each year. But if you don’t have one of these, you might struggle to book your location during popular times such as the height of the summer or during spring break weeks.

Newton said that timeshares often come with unexpected costs. The resort operating your timeshare might need to issue a special assessment for repairs such as replacing old roofs or upgrading a community pool. As an owner, you’ll have to contribute to this assessment, which could put an unexpected hit on your budget.

Hunt for Bargains

Paul Moyer, founder of the SavingFreak.com blog, doesn’t recommend that anyone buy a timeshare directly from a resort operator. Owners rarely make any money when they decide to sell such properties, he said. Buyers can usually purchase a timeshare at a much lower cost from the owners of used ones, Moyer said.

“Buying a timeshare directly is never worth the cost,” Moyer said. “There are so many people who are looking to sell their timeshares on the secondary market. Prices for these used timeshares can be as little as 10% of the cost of buying directly from the source.”

Not everyone who owns timeshares feels burned by the experience, though. Kari Lorz, founder of the Money for the Mamas personal finance blog, said that she and her husband purchased a timeshare in 2016. Before they bought, though, they did their research. The main factors they considered? Will they use the timeshare often and what will happen when they decide to sell it?

After doing their research, Lorz and her husband invested in a timeshare arrangement through Disney Vacation Club. Through the club, Lorz can vacation at any of 11 properties at locations such as Disneyland; Hilton Head, South Carolina; or Vero Beach, Florida. All of these locations are attractive ones for Lorz.

Disneyland Vacation Club timeshares are also in demand, Lorz said. She said that if she and her husband sold today, they could make a 35% return on their purchase price. Lorz said, too, that she and her family have saved a significant amount of travel costs thanks to the timeshare.

“We estimated that during our last vacation, we saved $6,000 compared to if we had booked a hotel room,” Lorz said.

Those savings include the cost of the initial investment in the timeshare and its annual maintenance fees, she added.

What experiences have you had with timeshares? Let us know in the comments!

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This Post Has 62 Comments

  1. This is one of the best summaries of timeshare as it exists today. I recommend it as required reading for anyone considering a purchase. Very good job.
    This being my 38th year in the business, I would know.

  2. From the article ‘Kari Lorz, founder of the Money for the Mamas personal finance blog, said that she and her husband purchased a timeshare in 2016…She said that if she and her husband sold today, they could make a 35% return on their purchase price.’

    35% return? Quit your job now and start investing in timeshares!

  3. We bought timeshare in Australia about 10 years ago. The maintenance fees creep up each year. We got a floating week, so we are not restricted to any particular week of the year, but the main hassle comes from finding something available in an area that you want to go to, when you want to go there. If you have kids and are looking to take your holidays during school holidays, forget timeshare. Places to go become available as the people who own those weeks at those locations pay their maintenance fee. If you’re willing to search and search, week after week, you can be lucky and find a week where you want to go, at the time you want. You can pay another annual fee to join a timeshare booking company, like RCI and tell them where you want to go and when and they’ll search for you and book for you if it becomes available, or there’s a free one called Dial an exchange where you can search their website yourself or register your interest in a week at a particular place and they’ll let you know if it becomes available. At the sales meeting, they tell you that you can swap your week anywhere in the world to have the holiday of your dreams every year. This is definitely a lie. If you are flexible on when you can go and not fussy about where you might be able to find an available week, then by all means, timeshare might be for you. We have had some lovely weeks away going to places that were not first choice, but happened to be available at the time I was looking to go away. We even went back to one for a second time since it was such a good place. If you are going to a sales meeting, definitely ask for some details about booking availability and how far in advance you should consider looking for a particular location. You can also pay another fee to bank your week if you can’t use it in the current year, because if you don’t use it or bank it, you just lose it. Then you get an additional 1 or 2 years to use it, depending on who you bank it with. This is handy if you want to have 2 or 3 weeks at a single location (if that’s available to book). We had 2 weeks at 1 place 1 year which was pretty good. We didn’t go away on holidays much before we bought timeshare. This was the main reason I wanted it – to force us to get out and see more of the world. However when we went to Europe in 2016 for 5 weeks, I could not find a single week of timeshare to book anywhere we were going and I would have been flexible about it if I had found anything at all. And I did all the booking for that holiday at least 6 months in advance.

  4. Earlier this year I was making a hotel reservation and somehow wound up on the phone with someone who pitched me the deal to get 4 days and 3 nights for $199 at a Wyndham resort. In return I’d get a $200 AmEx gift card so it would end up being a free hotel room. I travel a lot. I knew I could use it, seemed like a no-brainer. I’ve worked in very high-end sales as a Series 3 commodities broker. I know what it feels like to close a sale and the young guy was not sales-y but very friendly and funny so I thought, what the heck, it’s a great deal let’s give the kid a sale! I wasn’t thinking that the catch was sitting through a sales presentation!

    I’m writing this from my “free” hotel room right now. Yesterday I sat through two and a half hours of the most intense, high-pressure sales pitch I’d ever experienced. There were a lot of families in the group. I may have been the only single person there. You’re matched with your own salesperson for the entire session. My saleswoman made notes about everything I said. They used every tactic—the questions that are worded so that you’ll feel stupid if you don’t give the answer they want, playing on your worries that you’ll have regrets in your life, the lead salesman even showed off his own family pictures and told stories about how he went to Disney World to fulfill his father’s dying wish to get a photo with Goofy. REALLY.

    The angle they ultimately work is that saying no means you’re willing to settle for being a pathetic loser in life. You’ll throw money away on a crappy hotel room, short-changing yourself in life, even IF you get around to taking a vacation at all! They warn you that you have a greater chance of heart disease if you don’t take vacations!

    I realized through their presentation that while they emphasize “ownership” in something, they were really selling a subscription plan in buying discount points. They have everyone in the room repeat PAY WITH POINTS as if that means something is free but I could see that you could use your points up quickly and then likely be pressured to buy more. But they roll over every year and never expire! OK but you still have to buy them if you want to go anywhere.

    They also want to sell you the plan that covers your airfare and car rentals which I would guess is where they likely make very good commissions. Of course you’ll PAY WITH POINTS so that’s like it’s “free,” right?

    I actually do travel quite a bit but I have my own preferences and I just kept repeating to my saleswoman that while I see the benefits for other people, I was not the right fit. Because I’ve been in sales myself, I knew that I needed to have a counterpoint for each of their sales tactics. It’s not enough to have an objection because they’ll have a response. I had to be able to make the benefit inapplicable to me.

    I had to get pushy myself to finally get the saleswoman to tell me what the actual plan costs were. She wanted to go back to writing out calculations of how much I’d spend over my lifetime and what the plan would save me. I got high-pressure with her and kept asking for the cost. The LOWEST cost plan was $50,000. OK then things got easier for me. I was able to tell her everything I could do to invest $50,000 to MAKE MONEY and then use the profits to reward myself with a vacation. Because I have a background in finance, I got specific with that and she finally had a tougher time responding.

    When it was clear to her I wasn’t going to buy, she had some other guy come over to our table to give me another chance to not be a pathetic loser who will die, overwhelmed with regrets for all the fabulous life experiences I was passing up. He signed some paperwork and I was sent off to THE FINAL ROOM.

    I was put at a small table in the corner of a bare room. A man who looked like he could sell stolen cars sat down with me and spoke in a stern, foreboding tone as if he was giving me a final chance to take the prosecution’s deal and not spend the rest of my life in prison. I found myself wanting to stare him down as I would imagine I was at the point where a lot of people break. When he finally gave me the last papers to sign, acknowledging that I was conceding to some abysmal future of depression and regret, he seemed to want me to feel he was disgusted by me.

    You bet I walked out of there with my $200 AmEx gift card!!! I BEAT YOU WYNDHAM!!!

    Sorry to make a long post here! But if you go to one of these sales pitches, realize they are trying to sell you something that will cost $50,000 to $400,000. And from my estimation, all “vacation ownership” really is, is the advance payment for a hotel room (and maybe airfare and car rental) with no chance to compare rates. I don’t see any real benefit of “ownership” in anything of value.

    1. That sounds like a terrible experience. I think you definitely have to know the type of person you are to determine whether it’s right for you.

      1. Who could it possibly be right for? Why should ANYONE spend $50,000 to as much as $400,000 just to get “points” to exchange for hotel rooms? With the points model, it’s probably next to impossible to determine just how much a given hotel room actually costs. And how are buyers “owners” of anything? There’s no equity, no appreciation… it truly appears to be nothing more than a pre-paid (maybe) discount at particular hotel properties. Who needs this???

        Instead of making payments to Wyndham, why not make deposits to an interest-bearing savings account and then use Kayak, Trivago, Homeaway, Vrbo, AirBnB, Hometogo, etc, to find a great hotel or vacation home? There were several families with small children at the sales presentation I attended. If any of them bought one of those packages, I hope they have fully-funded college funds for each of their kids already.

        1. These might be good if they have a network of properties you can go to. You could go different places if you want. But it all depends on how the agreement is structured as to whether it makes sense. You bring up good points, though.

        2. Invest the cost of a time share in a Vanguard Windsor fund, take a one week vacation in a very nice hotel once a year using money from the account and in 20 years you will have over $200k in the Windsor fund. This is based on past performance over an extended time period. Bottom line, forget the timeshare.

    2. PRICEEEEELESSSSSSSSSS! I Love this and it is funny and true as hell. I had a similar experience and while my mom and I enjoyed our vacation, I signed papers and i bet by the end of that trip i cancelled. Thank God I read every detail while I was on my few-hours trip to the Bahamas. lol

      1. How did you get out of it????
        My wife almost signed $58,000 (fifty eight thousand dollars) for 400, 000 point.
        Every month, they will withdraw almost $1,200.00 from her debit card for the next ten years plus $287.00 for maintenance fee every month & will go up for the rest of her life!

    3. I have similar experience with the timeshare seller at the Hilton. First he was nice to me, bring me coffee, etc. After he realize that I’m buying. He start making at fun like 20min. Then 1hr requirements me to be there, to received $200 Hilton gifts card. I stand up, and say “Shut the front door” and walk out. These timeshare seller is woste.

    4. Like DK in 2007, my husband and I took advantage of what we thought was an easy way to get a free hotel stay at a Hilton property in Vegas. Going in we knew we had to endure an hourlong sales pitch about what we assumed was purchasing a timeshare property in Vegas. There was no way we could be convinced to buy in Vegas, so we thought. I thought the salesperson was awful, but she had us at hello. She asked, “what would be the ideal vacation spot for you”. We answered, “Hawaii”, thinking that it would be impossible for her to sell us a timeshare in Hawaii. Well, 2 hours later we were owners of a timeshare property in Honolulu Hawaii. It has been one of the best decisions of our lives. At the time our daughter was 9 and we were workaholics in a thriving construction business. Purchasing the timeshare has ensured that we take a planned vacation every year with our entire family including 3 daughters, 3 grandchildren, and spouses. We have stayed at Disneyworld in Florida, near Legoland in Carlsbad and many times in Hawaii and yes in Vegas. We have also deposited excess points into our Hilton Honors account at 25 to one and stayed at five star Hiltons in Paris, Instanbul Turkey, Rome Italy, Prague and Vienna, Austria. We use the point system to our full advantage. But if I had it to do again I would buy on the secondary market. Our annual fees are about $4k a year for 24,000 points and we would never be able to stay in the locations we have for that amount. But the initial thousands we spent will never be seen again. So I recommend that if you buy, do your research and buy on the secondary market.

  5. I enjoyed reading the article and the discussions. I did not purchase a traditional “timeshare” but the concept is still the same. I purchase a “club” membership with a resort when I was in Jamaica on my honeymoon.

    I just wanted to share my experience with hopes that others will be knowledgeable. If you are approached by sales persons for a timeshare, club, etc. remember, they are there to get you to sign/initial on many lines.

    They want you to make a right-now decision. I am normally one who likes to take some time to make a decision, especially one that could cost thousands of dollars. The pitch will sound awesome, a chance to travel to exclusive resorts and receive the benefits of being a member. In our instance, we started with breakfast (to soften us up) and told us to just have an open mind. We were told that there never had been an offer like this before. During the sales pitch, they offered me drinks. I did not really drink, so I cannot blame it on the alcohol.

    There was a high-sales lady who was very persuasive. She know what to say and how to say it. If you have to make a right now decision, say NO. They will start off with high numbers and ever if you still say no, they will keep pushing. They may come with another offer and if you say no to that, they will offer you the “lowest” package. Remember, their job is to get you to say “yes.”

    Let me reiterate, do not make a right now decision, say NO. Take the free gifts and leave; in fact, RUN. If this is a opportunity for you, then it will come around again.

    So, why would others say “Yes”? Well, perhaps they have the money or know how they can use it as an investment. Others may have given in to the pressure. Either way, during the signing stage, you will find that the sales person did not tell you the complete story. Some details will be left out, such as u must take that vacation in a year and a half. You are NOT obligated to sign, but at this point, you feel, well, compelled to do so. After all, you will be helping that new sales person earn a commission to support their family. Just walk away!!!

    I imagine that most contracts have a Buyer’s Remorse Clause when may prevent you from getting out of what you just signed. For some, you may can cancel. Once I signed and initialed on the lines, I went to read reviews. Boy, that was a mistake; it make me feel as if it was the worst decision that every made and on top of that, I spent thousands of dollars in doing so. If you can, read the reviews before you meet with them. This will give you more questions to ask.

    Okay, so here is what you will not get told. The free gifts and perks are nice. That aside, you will have to paid 20% of the price of the membership (This was our case). On top of that, you will have to pay a closing cost. I did not want to put the money on my credit card, which they do a hard credit check. So, I though I was out of the woods. Well, they told me that I did not have to pay with my own money; they would “loan” me the 20% and the closing cost. Guess how? Well, they will opened up a credit credit account for me and gave me 6 months (We were told that we could ask for an additional 6 months if needed; well, not sure if I believe that one). So now, we have another credit card (debt), a loan (more debt) and two hard credit inquires; now, my credit score will drop.

    Let’s talk about the loan. Well, we were given 5 years to paid it off. The monthly fee for the loans is in addition to the credit card that we have to pay off. So now, we have two more bills to pay.

    Be mindful of the interest on the membership. I would suggest you say “NO!” but if not, be sure to ask questions. Ask them that if you pay for 5 years, how much would you end up paying? Ask them about membership costs. How much would that be over the cost of the membership. Think long term, not short term.

    I am not sure if you took the time to read this entire note. Some here are a few summary points: If you do not vacation often (at least once a year) then timeshares/memberships may not be for you. If you cannot afford it, they ARE NOT for you. Please DO NOT make a rush decision. Take some time and do your research. Though some say yes, majority say NO.

    In our case, we have to book at least half a year in advance to have a chance to get the time that we want, at least that is what we read. Now that we have it; we will try to make the most out of it.

    I hope this helps. If it feels wrong, say NO!!

  6. You DO NOT want to buy a Marriott Vacation Club property. We purchased a timeshare in Las Vegas for about $19,000 in 2008. The timeshare is now worth less that $5000 and Marriott claims a marker downturn. As far as points, Yes, you can redeem you Week for Marriott Rewards points but they charge $134 to do so and they will deny the use of points for any reason. (e.g. late on Maintenance fees or disputed Loan payments). AND, and at the end of your loan (if you received one), they will not apply your last payment to principle and interest but instead to other fees and charges they wish to collect. STAY AWAY FROM THIS SCAM !!!! It is nothing but a money pit, and you would do better saving the money for the times and places that you actually wish to travel..

    Marriott Vacation Club Owner for 10yrs.

    1. Thank you for sharing your experience! Hilton is after me to buy into their program, however I prefer Marriott properties so I just requested info about their vacation club. Once it arrives, I will definitely read it with a wary eye.

      1. I love timeshares but before you buy look at e-bay to see what they are selling for and it is worth. And buy it there Do not get involved with “webuyselltimeshares” it is scam.

        1. Jessica, I am so sorry to hear about your purchase! Cancel it if you can as soon as possible. We have been owners since 1990 worked out ok when kids were small. They don’t want it now. Did you know there is a clause in your contract it gets deeded down to your children or survivors?? PS don’t fall for all these resale timeshare places, we have been trying to get rid of ours for like 3 yrs.. Finally, we offered to deed it back to them .. It’s paid off 20,000 dollars down the drain GET OUT IF POSSIBLE Plz. hope u can

  7. Timeshares can work for some people but it requires managing. Not everyone can afford their own full time condo so a week’s worth in a nice vacation spot, while not a bargain can be doable. Flexibility of trading for a different location also can be attractive. Sure you can rent hotels anywhere, but usually more expensive. Know what you are getting; read the fine print. Don’t always take the first offer, or the second! Do-overs can be very hard!! Or impossible.

  8. We have been owners with our timeshare company since 2009. We initially did the cheapest option available, which was for every-other-year. The cost would impact us only minimally. The maintenance fees are high. But the flexibility of being able to vacation in so many different locations around the world, plus knowing in less than 10 years it will be paid for minus the maintenance fees and will serve our family well made sense to us. In 2013 we upgraded to a 2-bedroom unit for our growing family. The additional points, the sign-on bonus, and just the overall comfort of knowing we will always have a vacation to look forward to in luxurious accommodations was just too good to pass up. We enjoyed the trip of a lifetime in 2016 on Maui. Everyone’s situation is different; don’t write off timeshares because of the bad rep they seem to have. Do your homework and you just may end up with one sweet deal that will provide years of amazing vacations for your family.

    1. Everyone’s situation is different. It sounds like you’ve had a great experience with your timeshare. It’s awesome to hear you’ve really enjoyed your vacations. Happy travels!

    2. Hi Sir
      Would you be able to send me more information about your timeshare,how it works?, I read your comments and I like your positive share, and since I have limited budget though , I’m thinking of buying a small timeshare by using points, which also allow me and my family to travel once a year, or in two years, but before I do so, I m trying to collect as much information as i can before I go a head with purchasing . Thanks

      1. Hi Samar:

        I think every one of these programs is different, so if you can just find one that lets you go every year or every other year with maintenance fees on the lower side, that might be a big key for you. Make sure you go over the paperwork thoroughly.

    3. We have been owners since 1990 worked out ok. Upgraded bigger unit more money they won’t let you out ..Just a money pit.. get out if u can but don’t fall for all those buyback companies. We finally got out of ours by deeding back to them fully paid off the only way to get out I know it looks good for awhile But the truth is you will see, they are not good at all cost me 20,000 dollars hope I can save You some money NO BUY BACK COMPANIES OR LYING Attorneys PLz

  9. Hmm it looks like your blog ate my first comment (it was super long) so I guess
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    1. Hi Gerard:

      My biggest tip is just to write every day or every other day on the blog. Whatever your topic, people will come faster if you write good stuff on a consistent basis. Hope this helps!

      Kevin Graham

  10. I recently attended a presentation by Hilton, and it was completely different from one I’d attended previously. According to the salesperson, I’d basically own the deeded property because they must have a location on the deed, but I’d be able to travel wherever I want whenever I want until my points run out each year. There are no additional points required based on location. For example, the same amount of points would be required to go to Orlando, FL as would be required to go to Montego Bay, Jamaica. The only difference in points would be based on whether you travel during peak, mid-peak, or off-peak seasons. It sounded like a really great deal, but in the end, I chose not to buy because I felt pressured to make a decision that day and not have at least 24 hours to think about it. This would have been ideal since I was actually staying in the resort where the presentation was held. They gave me an amazing offer, but alas, I had to make a decision right then. That didn’t sit well with me so I walked away. Does anyone have experience with Hilton’s “non-traditional” timeshare experience?

    1. Yes. Saleman are always pushy, but this was my third meeting with timeshare companies and I turn the last 2 down. I bought at Hilton in Orlando, because I felt it was better then the past products, I was presented. I like the fact that they have the 45 day list of places to go that won’t affect your points, and give you the option to book a vacation at only 249.00. Its meant for people looking for that quick getaway but you need to reserve it with the 45 days allotted. I bought at the lowest price point. And since we vacation every year, my wife and I were satisfied.

  11. I do not know if it’s just me or if psrhaps everybody else encountering poblems with your site.
    It appears as if some oof the text in your content are running off the screen. Can someone else please
    comment and let me know iif this is happening to them too?
    This may be a issue with my browser because I’ve had this happen before.
    Many thanks

    1. Hi Fred:

      I would recommend loading in another browser, but if you could tell us what browser you’re using so we can look into it, we would greatly appreciate it. Thanks!

      Kevin Graham

  12. Timeshare good: know where you will stay for the most part, reduced cost when you have a family because you can pack less, launder and cook some of your meals as you wish, instead of sharing one room in traditional hotels…you have two separate…so some privacy, tax right off..similar to if you own a home, you can gift it or rent it to friends or family,

    Timeshare bad: locked in to one place or company…if you end up not liking the accommodations there is more cost to upgrade, it really isn’t a deal beyond prepaying for your vacation. Once an owner, they try to treat you like a cash cow…nickel and dime you for everything. The sales people are there to earn money, its their job… are you buying or what??? Now you bought it…it’s yours…that’s what you bought. Any additions will be a cost to you??? Ready to pay???

    The real deal: make sure you see the accommodations you are buying. Don’t just look at the blue print. Compare the blue print to the actual room before you sign. If they are unwilling to have you compare the blue print to the actual, don’t buy…you are being hoodwinked. They will show you one thing and have you sign for something that is below par…their worst room…with overused and broken down furniture. Once you buy…you are stuck and will have to keep paying out money to upgrade…that’s where the biggest rip-off is.

  13. My wife and i have been timeshare owners since 2001. We purchased a week in December for VA Beach to begin with. This was merely to get our feet wet. We had a lot of good use of that timeshare for exchange through Interval International. We hardly used it for the resort we purchased it from. As time went by, and our family grew, we started looking at timeshares in other areas. We had plenty of sale pitches that we went on, but never felt it was time to upgrade. We later upgraded our timeshare in Va Beach to a May week in a newer resort and my wife and I love it as a get-a-way time for just us. We later purchased one in Williamsburg after the kids came (2, girl and boy) and since our daughter married and have four kids, we upgraded to a 4 bedroom unit in Williamsburg. My wife and I have exchanged many times out, we have been to Vegas, Florida, California, Hilton Head, etc. The four bedroom we use as a family vacation and its big enough for all of us. We did not purchase for an investment perse, but we wanted to have comfortable accommodations for our vacations. Our kids are spoiled and often comment when for some reason they have to use a regular hotel. I am saying all of this just to say that I think its worth it if you use it. We own two now and are quite happy with them. I have thought of purchasing a vacation home, but then you are tied to that particular spot every time and you lose the flexibility or opportunities to visit other locations. I have to admit, it does take a lot of planning, but it also encourages you to vacation. I am about to retire and am looking forward to Hawaii! We are quite happy with our time share at this point. Thanks for allowing me to share.

    1. Great to hear that you are happy with it. We purchased a Williamsburg timeshare yesterday and already have buyers remorse. I can cancel within 7 days but am doing some research. How hard is it to trade to visit another location?

  14. I quite like reading through a post that can make men and
    women think. Also, thanks for allowing for me to comment!

  15. Why not just use the money that you were going to use to buy a timeshare and instead, save that money over a ten year or twenty year period to buy an actual home that you would like to visit in that area where you want to vacation at??? Timeshares are a waste of money and your time, also according to some research that I conducted, timeshares will be a thing of the past very soon, meaning that most of these companies selling timeshares will resort over to only renting out their spaces, and will no longer be offering timeshares, something for you to think about. I am a millennial and I can tell you that we are not looking at buying into timeshares, because there are much smarter ways to use your money instead of giving it up to someone who wants to make money on me and many other people buying the same unit or space each year. I would rather have something that I can truly call my own and not pretending to be my own. In short JUST DON’T DO IT.

    1. If u spend the money saving for 10 ,twenty years you end up still spending the same money in fact more because rates go up every year spend it with a home u own it and have to pay con ed and other bills and for a vacation home in what ever location bound you travel to that one location only. so if u chose to travel esle where u still have to pay additional money for a hotel and what if u still want to travel within the same ten years u saving for the vacation home u will be still paying even more over time vs paying off one set price and vacation to your location yearly or evernother year base on your deal for the rest of your life your kids life and your family plus theirs ways to make money from it if u don’t travel that year and if u want to travel some where esle you can and pay the exchange fee that is still cheaper than the avarage cost to stay at a basic hotel over a 5 star resort all the time that u feel safe and comfortable so it’s a good thing if your a person who plan to travel regardless at least once a year it’s an opportunity to save in the long run on money u were going to still spend idk about you but an extra 300/600 in my pocket saved sound good to me kinda a no brainer but you shouldn’t be trick into it if the numbers is to much and going to cost u more than you would spend in the same time fram and forth then it’s not for you you would be wasting your money

    2. We purchased a time share for one week in Aug., prime time, 10 years ago at Breakers Resort in Dennisport., MA., it was a great decision. I grew up in New England and moved to the Mid-west so this has been a fabulous way to visit New England and Cape Cod for 10 years. The amount of money we spent for this wonderful vacation every year would never be enough to own a home on Cape Cod over a 10 year period as someone suggested in an earlier post. Our timeshare sleeps 4, has a patio, kitchen area and den, and walking distance to the beach. The cost over all
      Has been much less than staying in a one room hotel/motel or renting a cottage. Be aware that the cost of hotels, motels, and cottages Sky rocket every year.

      For years prior to purchasing the time-share I would spends days and weeks
      Trying to find a cottage on the internet to rent for a week on the Cape, never knowing what the place would REALLY be like once we got there.
      After too many disappointments with cottage rentals we took the chance and purchased our time share and certainly never regretted going to the same place every year which is within walking distance of the ocean. This resort is continually updating furniture And the grounds which is also a nice feature. Our maintenance fees have not gone up consideraby in 10 yrs . So for us it has worked out extremely well. The only drawback that i can speak of is the cost of flights and the fact that we are getting older now, we do have the option to rent or sell it also.. Be sure to ask all these questions before purchase, and get it in writing!

  16. Almost got into one in Cancun with a hotel resort for 20 years. Seems like a lot but after 10 years we would have paid it off and vacationed for another 10 years just paying the maintance fee of 1200.00 a year. This would be for 2 weeks a year, no black out dates and as long as you book 30 days in advance you are pretty much guaranteed a room. You can also use it at their other locations and through RCI plus another website that has deals. Oh, also this was an all inclusive timeshare that gives you points so that the points never devalue in money, that is what they said. My only fear is what if this resorts sells and no longer honors our timeshare. Any one has any advice on that aspect?

  17. I am looking at this right now in Australia. A lot of timeshare resorts became available between 15 to 30 years ago and now many of the original buyers want out because they don’t holiday as much (getting older) and can’t justify paying the annual management fee ($500-$700 per week purchased). Can pick up a lifetime timeshare for between $1k and $2k for 1 week a year, which seems a bargain – certainly compared to what these people paid originally (between $5k to $20k). BUT….. that annual and inescapable management fee is a bit of a noose around one’s neck and one must consider whether you could rent somewhere nearby for a week for that anyway. On the positive side, you can trade your week for other resort locations and also take advantage of ‘bonus weeks’ that let you rent at other resorts for really good low rates (when they are available).

    Still confused!

  18. We have a timeshare and the maintaince/membership fees is close to 1k. We try and use it for other locations but nothing great comes up and our week it is a time in november. it truly has been a waste of money. We got suckered into it basically.

  19. We bought one last year, and after running through all the numbers, fees, etc., we figure that what we’ve bought is a guaranteed 1800 sq ft resort room at about half price. The longer we keep it, the less the “per year” price is going to be, but — and here’s the thing — it’s never going to be for nothing, and too many people think otherwise.

    I just think you have to be doing it NOT as any sort of investment but as a discount off vacationing at that place. Too many people think of it as a real estate investment. If you couldn’t afford to vacation at that resort anyway, then you probably aren’t right for that timeshare.

    1. Exactly. Don’t let the timeshare sales people convince you that you are ” Prepaying your vacations.” At best, you are prepaying a large portion of the lodging costs of your vacations. There are still maintenance, booking and exchange fees and you still have to get there. My vacation is so much more than a room, which I don’t like to spend all that much time in anyway.

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