There are many people out there that have succumb to the high pressure sales tactics and fuzzy math used by timeshare salespeople. If you are too late to take advantage of the timeshare rescission period (a period after a timeshare sale is complete during which the purchaser has the ability to “return” the timeshare - see previous posts for more detail), and are really interested in making your timeshare an asset, here are a few important things to keep in mind:
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The Grandview at Las Vegas is not an exclusive owners’ only resort, and they offer very reasonable rates for single and multi-night stays to all travelers via sites such as Travelocity. The only difference between these two types of traveler is the type of timeshare presentation they will be invited to attend during their stay. The current owners will be encouraged to attend a presentation regarding upgrades, while non-owners will be tempted with Las Vegas show tickets and extra spending cash to attend an informational session about Grandview ownership. To all non-owners, please read my previous posts 7 Tips to Avoid Timeshare Scams, What to Know Before Buying Timeshare, and What is Timeshare Ownership before attending a timeshare presentation and always remember - you are NEVER obligated to buy.
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Fractional ownership offers individuals the opportunity to purchase partial ownership at an extremely nice place, most often in a highly sought after resort area. Sounds a lot like timeshare right? There are similarities between the two types of vacation ownership including:
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Despite the fact that timeshare has been gaining a more respectable reputation as a result of major resorts such as Marriott and Hilton now offering timeshare packages, there are still some resort companies that use deceptive tactics to secure a sale. There are still incidents of resort companies using hard-sell intimidation or illegal sales tactics in selling timeshares. It is because of the existence of these dishonest resort companies that rescission regulations exist. Victims of illegal timeshare sales practices need to be aware of their rescission rights in order to get out of their contract without penalty.
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Bonus timeshare is a benefit offered by most timeshare resort companies. Bonus timeshare can be a valuable asset to owners because using it has no effect on your deeded or right-to-use week. With bonus time, owners have the ability to rent time on a daily basis at their home resort at an extremely low rate. These discounted rates usually end up being about 50% cheaper than what the general public pays for the same resort and unit. Resorts are able to offer discounted bonus time because it allows them to fill otherwise vacant units with revenue that will go to the Home Owners Association. The additional revenue created by owners’ utilization of bonus timeshare time helps to defray operating costs, resulting in lower maintenance fees for the owners.
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