Timeshares Only Reviews
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Florida is vacation scam central. If you buy a timeshare, you own it lock, stock and barrel...for eternity. My only suggestion is that you use it for a few decades and when you get tired of it, you get someone to cancel the contract for you, and quit claim the deed. Your "benefit" is the usage you had. Good luck renting it, as there are few renters unless you use the developer and they will likely charge you 30-40% rental fee. Make certain you tell them you will occupy if its not rented or they may scam you and rent it and collect 100% of the fee and tell you it wasnt rented. We enjoy our weeks, but its pure quicksand. It is what it is. I have NEVER met anyone who was successful selling a timeshare. Ever.experienced timeshare owner in NC
I have tried many so called timeshare sellers. Each time I offered $1000.00 to them if they sold it. The catch was that the $1000 would be put in escrow and paid only after closing.NOT ONE took me up on that offer.That should tell you something about these places. If you have a timeshare you will most likely not be able to find a buyer. Even the resorts where the timeshares are located don't want them back. I tried that...but they don't want it...as they need the fees you pay.The one I had in Florida I just stopped paying on. If they wish to take the time & money to foreclose...good for them. I know they won't...as they will only then get stuck with it in the end.Just don't buy them.
Yes, My wife and I listed with timeshares only and paid the 598. Since 2005 originally listed for 13, 000 ans drop it to 1500 and never a offer to buy or even rent. Big scam. I called for a refund and they said no we are paid to advertise not to sell your timeshare. What a bunch of crap. How have they stayed in business this long. Numerous complaints to the government and nothing.
I also posted my timeshare with Timeshare Only back in 2005! I call every month to see if there is a single offer. NONE! I bought my timeshare for $13000. I have it listed on Timeshares Only for $5000. I havent had a single offer in almost 5 years.I just called to see if I could get a refund. They said NO. I asked to see if I could talk to an agent that sells timeshares. She said NO! There are not agents in the office! I am wondering if they even have agents. I could have listed it online for much cheaper than $498!This is RIDICULOUS!BIG SCAM!
Timeshares do not retain their value, let alone increase in value. If you want to sell your timeshare on the secondary market, you will be competing with people who are practically giving their timeshares away. According to the Association of Vacation Owners, an independent advocacy group for timeshare owners, there are millions of timeshares available on the secondary market.
resale timeshares can be a lot less than 50% of the original sales price. I bought 4 recently and paid less than 5% of original sale price. Buying at full price may take 5-10 years to break even but the resorts are way better than the typical hotel. the guy that wrote this is marginally educated in Timeshares.
You can do the same thing with airbnb, vrbo, etc without shelling out massive amounts of money up front or $1k/year in maintenance expense. Many hotel chains also have in room kitchens (home2, extended stay america, towneplace suites, etc) with on site laundry rooms for a couple bucks and most have free breakfast. There is really no reason whatsoever for timeshares anymore.
Not all timeshares have the points system. I would appreciate comments as to the best way to get rid of one, or whether having a deed matters, or tax and selling strategies if any of you have ideas, ie going to promotion meetings.
Buy timeshares is never a good idea. But for those who really feel they need one I make one recommendation: Never buy from the developer. Always wait for timeshares to appear on the secondary market, usually at half-price. People like you get excited at the new developments and jump right in, only to become disillusion