Timeshares

@anniepa (27236)
United States
October 4, 2007 8:16pm CST
Do any of you own a timeshare property or have you ever stayed at one of their resorts? Have you found it to be a worthwhile investment or would you do something different if you had it to do over again? We stayed at a beautiful resort in Florida and had no intentions of buying a timeshare, in fact my husband and I repeatedly reminded each other of that right up until the time we were on our way to the presentation we were required to attend in order to get a fantastic rate for our stay. About three hours later he and I walked into our condo with a large black briefcase full of papers and sheepish grins on our faces. It turns out the only one NOT surprised was our daughter who said, “I knew you’d get talked into it, I just knew it!” Since then we have no regrets although there have been a few problems with our reservations getting mixed up; nothing major, just some slight delays in getting checked in and once we were put in the wrong room and had to move two days after checking in. At our request, I should add, since they’d put us in a smaller unit than what we’d requested. They’ve always compensated somehow for any inconvenience by giving us some extra perk, one time they refunded us for the extra week we’d taken and paid for ourselves, twice they’ve given us bonus weeks so I guess we’ve made out pretty good. The taxes and maintenance fees seems to increase every year, but I guess that’s no different than anything else these days and we still can’t beat it for the amount it would cost us for our lodgings when we travel. Our fixed unit is in Orlando, Fla. but we could trade it for just about anywhere in the world but so far we’ve kept going back there, everyone loves it so much. Once it’s paid off it’s ours to leave to our family for them to use or rent or sell, whatever they choose. What are your thoughts on timeshares? Do you think they’re worth it or do you prefer to just book your lodgings as you make your plans? Annie
2 responses
@sunshine4 (8709)
• United States
5 Oct 07
I also own a timeshare in orlando. If I were to do it again, I wouldn't purchase that one. They raise the maintance and taxes every year. They changed our red week to a off season week saying that it isn't a prime week anymore, even though it was Easter week when we bought. Now they are adding fees to exchange for a different week~ where it use to be $119, not depending on the week it can be as high as $600!!! Want to buy another one, I'll sell you mine for cheap.
1 person likes this
@anniepa (27236)
• United States
6 Oct 07
They raise our taxes and maintenance every year too. If you don't mind me asking, what resort do you have yours at? Mine is at Westgate Lakes.
@sunshine4 (8709)
• United States
8 Oct 07
Ours is at Westgate Vacation Villas. We love it there, but now that our kids are in school we have a hard time using it. They keep changing the school vacations and Easter changes every year~ we bought on Easter week the year we bought. I have been very lucky that I have rented it out when we weren't able to use it. I keep wanting to sell, but then think about how nice they are when we do go.
1 person likes this
@anniepa (27236)
• United States
18 Nov 07
We stayed at the Villas one year when we had to change our week. I do love the Westgate resorts, they're so beautiful and there's so much to do. You're so right about how they keep raising the taxes and maintenance fees. Still, with the cost of staying at a "luxury resort" I guess it's a good deal. Maybe we'll run into each other at one of the resorts someday! Annie
@bobmnu (8160)
• United States
6 Dec 07
I owned a timeshare for almost 20 years and have been able to exchange it many times over the years. I have been buying a coupl of more weeks at different resoprts so my children -now grown- can also enjoy them. The one thing I would do differently is I would buy a red week in large multi resort company. You have more trading power and more options to exchange your week. I did a review of my use and expenses and found out that I am breaking even compaired to renting a hotel. The big difference is even with a nice hotel like the Holiday Inn the timeshare is a better value for traveling bewcause you have room to stretch out and can save on meals. Checkout my posting (MyLot Traveling) on the Law suit against RCI and their skimming of prime weeks. Enjoy you timeshare with your family. If you can say no there are some that will pay you cash to listen to the presentation. My brother got $300 one time for 2.5 hours. Not bad pay.
@anniepa (27236)
• United States
6 Dec 07
We bought our timeshare to begin with after we'd gone there to stay at a very, VERY low rate with the agreement we'd attend their presentation. Out intentions had been to say no but as it turned out, we decided to buy and really haven't regretted it. Our week is the week of the Daytona 500 so it's a very popular week. It really does work out so much better for us than staying at a hotel. We travel with a pretty large group of extended family members so we're able to have some of our meals at our condo plus we have a washer and dryer and everything else we need. Annie
@bobmnu (8160)
• United States
6 Dec 07
You said that you travel with an extended family. Do yo get strange comments or looks. I get it all the time when I say that we travel with my inlaws and my grandaughter. We have a great time but people think it is strange. I think it is a great experience for all. It seems that you did your homework before you bought you timeshare. I hope you and your family enjoy it for many years.