I’ve had experenced with timeshares my whole life. My parents had two and we used them every year. This made me a bit nogastilc when I was in Orlando on my honeymoon this past February and ended up getting a timeshare even though I really couldn’t afford the $200 they were asking up front.
I paid the first months mortgage and have since stopped. I am in the process of requesting a Deed In Lieu of Foreclosure.
I was going to use one of their “getaways” to go later this year as we still had two tickets to Disney we didn’t get to use but there were none available! I’ve since discovered they the timeshare companies whore their rooms out online at a LOWER RATE to NON-OWNERS!!! I can stay at a 4 Star Hotel/Resort for half the cost of the yearly maintence fees, not to mention to mortgage!!
IF YOU OWN A TIMESHARE STOP PAYING, DON’T ANSWER CALLS, AND IGNORE THEIR THREATS!
We need to take a stand and DO something about these companies.
I have started a petition on Change.org to make Time Shares ILLEGAL!
Please EVERYONE come sign it!
We just did a presentation as part of a deal to get a discounted hotel stay. My first recommendation would be to bring a sweater or jacket as we found the air conditioning was pretty powerful. If you are in the U.S., check relevant state laws concerning timeshare sales as well as prohibited sales practices. Check prices on Timeshare User Group, Sell My Timeshare Now, and even Hotwire for rental prices on equivalent accommodations. Have printouts of all the above materials with you.
There is a post on this website about “How to Survive a Timeshare Presentation” – it has good advice as well. Be fairly boring. Remember that these guys are going to talk FAST when they talk numbers. They will make big projections as to what your future vacation spending will be. If you have school age children, remember that for better or worse, they grow up and then you are not limited by school year schedules (which reduces your vacation costs).
We used Priceline for our recent vacation (other than the deal we got that required the timeshare presentation) and saw that we averaged slightly more than $50 a night (including taxes and fees) for our accommodations. Give them numbers like that when they ask what you spend, and you will totally pop their sales pitch. Otherwise, do NOT give them too much personal information; they will use it against you.
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One way to get the most out of your timeshare is to take advantage of the many special offers your time share exchange company makes available to owners. A great way to get the most for your money is to utilize your exchange group’s available last-minute trip deals. The downside to these deals is that travel can not usually be booked more than a month or two in advance, but the upside is that you will stay in gold star resorts, in amazing locations, for a fraction of the regular cost. Interested in making your timeshare work for you? See the checklist below for more information on booking RCI Escapes.
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