Hi all,
I recently attended a timeshare sales pitch (Diamond group) and of course I didn't buy, but did get a nice gift card out of it. Plus, my wife and I were amused with the sales tactics, although we were very saddened that at least a few people, all much older individuals, appeared to be buying them.
Afterwards, I started looking at the resale market for timeshares because I am not totally opposed to owning one in the future if the value
rice ratio makes sense. We do like to stay in nicer accommodations and I have a good deal of vacation time.
I am potentially interested in a points based, flexible system and was wondering if any of you had experience with the resale market for these. Most people are selling these packages for little to nothing (whereas Diamond wanted at least 40k for their small packages) and of course you have to pay maintenance, but even this appeared less than what Diamond was offering on them new.
My main questions were:
1.) Has anybody (or know someone who has) bought on the resale market and what has their experience been? Are there many hidden fees when going this route? Are their certain sites I should look at/ avoid?
2.) How rapidly do maintenance fees rise or is there a way to figure this out before purchasing.
I won't be considering purchasing for at least two years and perhaps I'm totally crazy thinking of this, but after seeing the cost discrepancy between "new" and "used" timeshares along with our enjoyment from vacationing, I figured I should at least give it some thought. Also when looking at points divided by maintenance fee on the packages with a general idea of what I could get with those points from the pitch, it seemed like a reasonable to potentially good value.
Thanks.
I recently attended a timeshare sales pitch (Diamond group) and of course I didn't buy, but did get a nice gift card out of it. Plus, my wife and I were amused with the sales tactics, although we were very saddened that at least a few people, all much older individuals, appeared to be buying them.
Afterwards, I started looking at the resale market for timeshares because I am not totally opposed to owning one in the future if the value

I am potentially interested in a points based, flexible system and was wondering if any of you had experience with the resale market for these. Most people are selling these packages for little to nothing (whereas Diamond wanted at least 40k for their small packages) and of course you have to pay maintenance, but even this appeared less than what Diamond was offering on them new.
My main questions were:
1.) Has anybody (or know someone who has) bought on the resale market and what has their experience been? Are there many hidden fees when going this route? Are their certain sites I should look at/ avoid?
2.) How rapidly do maintenance fees rise or is there a way to figure this out before purchasing.
I won't be considering purchasing for at least two years and perhaps I'm totally crazy thinking of this, but after seeing the cost discrepancy between "new" and "used" timeshares along with our enjoyment from vacationing, I figured I should at least give it some thought. Also when looking at points divided by maintenance fee on the packages with a general idea of what I could get with those points from the pitch, it seemed like a reasonable to potentially good value.
Thanks.
Comment