Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
time share trip
Old 01-29-2008, 10:31 PM   #1
Recycles dryer sheets
nphx's Avatar
 
Join Date: May 2007
Posts: 285
time share trip

Im doing my first "take advantage of a time share promotion" vacation in a few weeks.

How much pressure selling should I expect - and how can i avoid being rude? Can i open my laptop and Excel and put in their great deal x52 weeks and compare verses buying a condo or simply renting a hotel or condo for a week? Is there really one destination that you want to be in every august? Sorry to offend any time share owners - some are my best friends but i cant see how it would be apealing to me.
__________________

__________________
nphx is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-30-2008, 03:41 PM   #2
Dryer sheet aficionado
 
Join Date: Apr 2006
Posts: 49
I'm curious about this as well. I've gotten a few of those brochures and while I'm not very interested in having a timeshare, I've thought about just taking them up on their free 2-3 nite offers. But wasn't sure of the atmosphere.

Rick
__________________

__________________
rickier55 is offline   Reply With Quote
Old 01-30-2008, 04:00 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,251
Good luck with that... and let me know how it went....

To me, the 'cost' outweigh the benefits by a LOT...
__________________
Texas Proud is offline   Reply With Quote
Old 01-30-2008, 04:31 PM   #4
Recycles dryer sheets
nphx's Avatar
 
Join Date: May 2007
Posts: 285
Well I got a week at tropical destination in a 4 star resort plus rental car and some other perks (hence i did bite on thsi line) with an obligation to have a seminar and tour not to exceed 3 hrs.

So you do a 15 year model... your annual fees are, your downpayment is , and you want me to finance ___ and its still extra for internet, golf etc... hmmm why dont i just pool 4 friends and buy that 3 bedroom condo next door?
__________________
nphx is offline   Reply With Quote
Old 01-30-2008, 05:39 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,029
It depends on the sales people sometimes when they know you are not interested they'll back off .Sometimes they are like pit bulls . I've done it a few times and never again . I did own a condo that I bought used from Condolink . $2,000 for 10 years with the right to renew at that price . We used it for a summer vacations when the kids were little and traded it once or twice .
__________________
Moemg is offline   Reply With Quote
Old 01-30-2008, 05:47 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 1,015
IF you are interested at all in buying a timeshare, I strongly suggest buying from a timeshare reseller. The savings can be significant as you are not paying for the property's marketing efforts.

Example: we own two consecutive deeded weeks at a very highly rated Marriott property on Hilton Head Island. To buy "new" from Marriott each week would have cost $22,000 or $44,000 for the two weeks. We bought both weeks through a reseller for $11,600 -- the seller was an elderly couple that had no heirs and just wanted to "clean up" their assets. We've owned for 12 years now, and while we really enjoy the visits to HHI, we have traded through Interval International for properties in California, Hawaii, North Carolina and London.
__________________
Achiever51 is offline   Reply With Quote
Yes it is worth the PROMO and Buy Resale if interested
Old 01-30-2008, 06:08 PM   #7
Recycles dryer sheets
 
Join Date: Jan 2008
Location: chicago suburbs
Posts: 251
Yes it is worth the PROMO and Buy Resale if interested

This question is easy: The Promos are definitely worth it at the major companies. Here is where I have been on Promos:

1. Marriott Cypress Orlando
2. Marriott Grand Vista Orlando
3. Marriott Sabal Palms Orlando
4 Hilton Grand Vacation Club Seaworld 4xs in Orlando
5. Westin Maui Resort 2xs Maui
6. Hilton Gradnd Vacation Club Waikaola (msp) Big Island Hawaii
7 Sheraton Vistana Villages Orlando
8. Sheraton Vistana Villages Orlando in 2009
9. Atlantis Harborside (Westin) Atlantis Bahamas

You stay in great resorts and with kids having a extra bedroom and kitchen is great. Low pressure sales always say I am not going to buy and sometimes it stops there as sales people want to work with people that may actually purchase from them. Don't try to make up a story as they have heard it all and have a comeback. The easy answer is " I am not Interested". If asked why are you here...answer: because you kept calling me to come to this great place at a great price with NO Obligation to Purchase....hand over my gift please....

Now having said all that Timeshares are great for people that don't want the hassel of owning a vacation home (upkeep etc...) in one location. Most of those I mentioned allow for trades (sometimes not that easy) to 20 to 40 different locations that they own or a several 100 locations.

If really interested I reccomend going to TUG web site forums (Timeshare User Group). If you are going to go on a vacation every year in nice places buying resale can make sense. For retired people last minute getaways for $250 to a 2 bedroom Marriott for a week in Orlando isn't bad. There are some poeple that have spent an entire winter in Orlando/Florida purchasing getaways weekly at $200 a week.

Bottom line purchase resale (ebay and others...) or it may even be better to rent from owners from a site like redweek.com.

After all this I purchased a TS Disney's Beach Club Villa resale and it has been fantastic.....

N
__________________
capjak is offline   Reply With Quote
Old 02-02-2008, 12:49 PM   #8
Thinks s/he gets paid by the post
MooreBonds's Avatar
 
Join Date: Aug 2004
Location: St. Louis
Posts: 2,091
Although I have no direct experience with it, I would second the notion of buying on the re-sale market.

In addition to the Timeshares Users Group, I've collected the following websites over the years. Again, can't vouch for the usefulness of any of them, but here they are


Timeshare Rentals, Timeshare Resales, Timeshare Ratings, and Timeshare Reviews - RedWeek.com
Timeshare Rentals Resales Timeshares for Sale Rent Vacation Condos
Welcome to Timesharing Today
__________________
Dryer sheets Schmyer sheets
MooreBonds is offline   Reply With Quote
Old 02-05-2008, 10:23 AM   #9
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
My wife and I just got back from a 6 day promotion at the Marriott Ko'Olina.

The sell was VERY soft and they even gave us $150 in dining credits which originally wasn't part of the deal. (no, we didn't buy)

5 nights in a new resort in a huge room with a rental car in Hawaii for $600 was just too much to turn down.
__________________
saluki9 is offline   Reply With Quote
Old 02-06-2008, 07:28 PM   #10
Thinks s/he gets paid by the post
MooreBonds's Avatar
 
Join Date: Aug 2004
Location: St. Louis
Posts: 2,091
Quote:
Originally Posted by saluki9 View Post
My wife and I just got back from a 6 day promotion at the Marriott Ko'Olina.
Were you on a mailing list, or did you sign up for the offer on the net?
__________________
Dryer sheets Schmyer sheets
MooreBonds is offline   Reply With Quote
Old 02-17-2008, 11:22 AM   #11
Recycles dryer sheets
 
Join Date: Feb 2005
Posts: 260
Saluki - I got that offer too. What were the price of the condos there?
__________________
virginia is offline   Reply With Quote
Old 02-27-2008, 09:40 AM   #12
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Quote:
Originally Posted by virginia View Post
Saluki - I got that offer too. What were the price of the condos there?
Funny you should ask, they wouldn't let me take the price list with me so I snapped a photo with my cell phone.

$30K for a floating week ocean view
$25K non ocean view.

It stretches to two weeks if you don't use the 2 bedroom unit.

The place was very nice.
__________________
saluki9 is offline   Reply With Quote
Old 02-27-2008, 09:41 AM   #13
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Quote:
Originally Posted by MooreBonds View Post
Were you on a mailing list, or did you sign up for the offer on the net?

They called me out of the blue. I cheated a little bit. The called me before the place was even completed or open. I paid the deposit and got them to stretch my reservation out over a year.
__________________
saluki9 is offline   Reply With Quote
Old 04-25-2008, 09:21 AM   #14
Recycles dryer sheets
nphx's Avatar
 
Join Date: May 2007
Posts: 285
Im back now from my Ko'Olina trip. Yes the deal for about $600 was good enough to get me there. Agree with other posters - its interesting till you start calculating costs and factoring in flexibility... On the resell market if you knock off 10 to 30% it becomes more interesting.

For Ko'Olina the property is in an odd corner of the island. The "beach" photographs well and is ok for wading... but they are man made beaches. That fact seemed to be a "plus" for the vistitors lounging by the pool or wading in the waters. Honestly why travel to hawaii to sit by the pool...
__________________
nphx is offline   Reply With Quote
Old 04-25-2008, 01:25 PM   #15
Thinks s/he gets paid by the post
 
Join Date: Apr 2007
Posts: 1,304
Wow, how timely ... I got a call from Marriott for a timeshare 'trip' in CA. last night. I shut it down after I realized what it was and did not get the details. Maybe I'll have to at least listen to the pitch next time.
Thanks.
__________________
Life is GREAT!
megacorp-firee is offline   Reply With Quote
Old 05-07-2008, 02:56 PM   #16
Dryer sheet wannabe
 
Join Date: Oct 2006
Posts: 11
As a fairly experienced timehare owner, I think I can add some comments from first-hand experience.

1. Don't buy anything from a developer OR reseller until you have spent some time at Timeshare Users Group - The first and largest online community of timeshare owners providing timeshare resort reviews, timeshare ratings and timeshare advice (timeshare users group) and Timeshare Forums (timeshare forum) because there are many different timeshare systems that operate in very different ways. So, for example, you would not want to buy a resale only to learn that the main program feature you desire is available only for developer sales.

2. Timeshare economics have been hotly debated for years on the above forums and elsewhere, but here is a 'short' point of view. It may be true that you can rent a hotel room in many locations for less than the time value of your money + annual maintenance fees. For example, in Orlando, a Hampton Inn is about $100/night + tax; most 'regular' hotels are $149+. So, a week at the Sheraton would probaby run you about $175/night x 7 = $ 1225 for the week. However, remember that is for just one room without the full kitchen that is found in T/S units. No problem, you say, the wife and I + 2 kids can easily stay in one room and would probably eat out most of the time anyway. Perhaps, but what happens as the kids grow older and want to bring along a friend ? Now how manys do you need and who will pay that bill? Later, you want to take family vacations with the kids, their spouses and grandchildren - now how many rooms?

3. For comparison, consider that I own a 3 bedroom unit near Disney that I bought for about $5500 resale around 5 years ago. Annual maintnance fees are around $750/year. That is starting to look like a pretty good deal from my point of view. Now, I can trade for 1, 2, or 3 bedrooms all around the world as the need dictates, depending on how much of the family wants to come along.

Enough - I think you see my point.
__________________
fnewman is offline   Reply With Quote
Old 05-07-2008, 03:41 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,693
Send a message via Skype™ to kcowan
My ROT is that a TS costs 3-4 times what an outright sale of a comparable unit would be (and this is for fractional, not points). But you can pick them up in distress sales at substantial discounts because the resale market is so bad.

Expect to pay 2-3 times in maintenance what a full-time owner would pay.

(BTW we just sold our 3-week fractional TS in PV because we bought a full-time condo.)
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 05-08-2008, 07:03 AM   #18
Dryer sheet wannabe
 
Join Date: Oct 2006
Posts: 11
Certainly a fractional ownership works well for a lot of folks - really just another form of timesharing. However, in that situation you are pretty well tied down that that specific time, location and # of BRs every year- right? We considered doing that as well, but couldn't get past the flexibility we enjoy now.
__________________
fnewman is offline   Reply With Quote
Old 05-08-2008, 07:42 AM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,693
Send a message via Skype™ to kcowan
Quote:
Originally Posted by fnewman View Post
However, in that situation you are pretty well tied down that that specific time, location and # of BRs every year- right?
Yes it is very much like owning a cottage. In our case there were other owners with the same three weeks that we became very close to. They were from Santa Barbara, Mill Bay, Bellingham, Denver, Milwaulkee, Buffalo and Ocean City. Of course there is the option to trade through RCI but most of us found that experience frustrating and gave up after a few tries. So for 20 years, we would look forward to reconnecting with our friends during the three weeks. And because the places were 3 bedroom/3 bath, we also go to know their friends and family.
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 05-08-2008, 07:57 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,029
A lot of timeshare owners talk about the great exchange ability but rarely do it . When I owned a condo we exchanged twice for an additional fee and we were downgraded into a one bedroom . We owned a two bedroom prime time . I've looked at timeshares for visiting my daughter and they do not make sense . I can usually rent a place for the maintenance fee alone .
__________________

__________________
Moemg is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Would you share ? Moemg FIRE and Money 61 02-05-2008 01:23 AM
Time-share decision: walk or stay Rich_by_the_Bay Other topics 23 07-16-2007 07:10 PM
How to get rid of a time share Kitty Life after FIRE 11 10-05-2006 08:07 PM
Can I share .. New here xpcommon Hi, I am... 2 02-10-2006 03:16 PM
Time Share Resorts retire@40 Life after FIRE 48 09-27-2005 10:21 PM

 

 
All times are GMT -6. The time now is 03:38 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.