My family and I have recently started looking to invest in time shares we are a family that love to travel and have no problems with getting off of work to do so. well we looked into one called bluegreen and so far it looks good. If theres anyone who has timeshares and can tell me both the good and down falls about it I would greatly appreciate it. would even love if you could recommend some to look in to..
2007-01-14 13:16:47 · 8 answers · asked by layn22 2 in Business & Finance ➔ Renting & Real Estate
I need more details basically if you have or had one? just interested in others experience
2007-01-14 13:31:06 · update #1
I have a timeshare but feel I wasted alot of money! We dont use it as much as I thought and then when I want to go to a certain place in another state it has never happened! Every single time and once I called 3 months in advance they had none available. Wish I never did it thousands of dollars down the drain! I have now told them to foreclose and sell it I am not going to keep shelling out hundreds per mo. its a joke.
2007-01-14 16:40:31 · answer #1 · answered by bodacious baby 7 · 0⤊ 0⤋
A timeshare has been defined in different solutions, yet that's extra perception into the assumption. you're a developer who builds a house challenge in a trip trip spot. The condos could sell for $4 hundred,000 each in a classic marketplace. you come to a decision to sell one weeks classes for $20,000 each. in case you sell all of the weeks, you have gained over $a million,000,000 for a $4 hundred,000 belongings. once you sell 20 weeks, each extra week is organic earnings and whether you do not sell the final 32 weeks, you could hire them and shop the proceeds of the leases until you do sell the week. that's a reliable initiate. yet that's greater. You, the developer, actual have a settlement that provides you the administration "accountability" for the challenge. For that administration, you value every physique a proportion of the taxes, maintenance costs (which covers the painters and roofers and housekeepers employed to maintain the valuables staggering) and a value (your administration earnings). Win win for the developer. people who very own timeshares now would desire to apply them or lose the value they paid for. And make annual money to cover belongings costs and maintenance and taxes. And heaven grant help to in case you prefer to sell your timeshare interest to get your money returned out. traditionally, resales are for below the unique sales value.
2016-10-19 23:51:21 · answer #2 · answered by ? 4 · 0⤊ 0⤋
I would be very careful. Between me and my extended family, we own 5 Marriott timeshares. 3 in Hawaii and 2 in California. We love them. They are expensive, but buying through a Marriott, Westin, Hyatt, etc. guarantees quality resorts, and favorable trading options. In fact, our Marriott timeshare in Maui is so popular, we can trade one week at that resort, for 2 weeks just about anywhere else in the world.
For an investment, we bought our last one in Maui 7 months ago for $45k, they are now selling for $66k. One we bought on Kauai 7 years ago for $19k, is now worth $39k. We are not selling, so it doen't mean much. We were told early on, buy in a worldwide destination, not a regional destination.
Good luck.
2007-01-14 14:07:57 · answer #3 · answered by Susan P 2 · 0⤊ 0⤋
The words "timeshare" and "nightmare" are that close for a very good reason...
2007-01-14 13:20:23 · answer #4 · answered by £º$∑® 2 · 0⤊ 0⤋
Recommendation: DO NOT BUT A TIMESHARE!!!
2007-01-14 13:21:17 · answer #5 · answered by Louiegirl_Chicago 5 · 0⤊ 0⤋
Timeshares Only sold our campground membership... and fast!
2007-01-14 13:19:19 · answer #6 · answered by BingoBanggoBongo 1 · 0⤊ 0⤋
I hate my timeshare. Maintence fees up to $450 now. @#&$@# rip off.
2007-01-14 13:19:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Redweek.com
2007-01-14 13:19:16 · answer #8 · answered by jman 2 · 0⤊ 0⤋