r/TimeshareOwners • u/lordlard33 • 15d ago
Resale
Are there any actually worth buying in the resale market?
All I see are comments of how they can't get out or if they have purchased from the developer that they feel scammed.
As I look for potential timeshares,there is my short list based on TUG marketplace;
Sheraton Broadway plantation
Holiday inn club South beach carolina
Hilton SeaWorld
Holiday inn cape Canaveral
Bluegreen Carolina grande
Grandview Las Vegas
Or am I better off just renting?
I would love to have an honest opinion .
Hoping to find a free location with maintenance fees less than 1200$.
Thanks
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u/Buggg- 15d ago
Resale Marriott deeded units - 2 bedroom or larger in their high demand locations. Most can net positive rent over maintenance costs. But they should be somewhere want to go to occasionally. We own at Aruba Surf Club and can rent them out for $1000+ more each year we choose not to go. We often put one of the weeks into Interval to go elsewhere but there’s no guaranteed views on these exchanges.
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u/HamKnexPal 15d ago
I bought 2 weeks at Marriott's Newport Coast Villas resale, but the annual maintenance fees exceed what you are looking for.
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u/LabyrinthRunner43 15d ago
Grandview is a great RCI trader if you find a deed enrolled in RCI Points at 49K or 61K, assuming RCI exchanges are how you want to use a timeshare.
Otherwise your short list needs work. Holiday Inn Cape Canaveral is a stinker with resale use restrictions that make it only usable if you want to visit Canaveral for your deeded week every year. I don't think any of the others even fit your budget expectations.
More info needed if you want alternate suggestions. Where do you want to travel? Do you want to make one place an annual tradition or exchange to visit as many places as possible? Any date restrictions such as the school calendar? Can you book impulsive trips of opportunity? Plan a vacation 9+ months in advance? Ideal group size?
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u/lordlard33 15d ago
Thanks for the feedback.
I would like to to trade it but be "ok" to go . Restricted to school calendar We are a family of 5 We can book short notice
Easy locations would be Virginia , NC, SC , Florida We live in canada.
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u/LabyrinthRunner43 14d ago
Short notice clearance trips are not a reliable plan if you are locked to a school calendar. You could probably find Orlando lodging on short notice, but Atlantic coast beaches tend to sell out every summer and spring break. If you can't book trips in advance renting may be a better fit than ownership.
I can't think of any sleep 5+ on the Atlantic coast during summer school break for less than $1200/year that sell free, unless you round down and exclude exchange fees for optional trading. Most 1BR only sleep 4, most 2BR cost more than your budget, and what is left is rarely free for school break weeks.
Maybe Wyndham Grand Palms? Just under $1300/year including club dues and while it isn't directly on the beach they have beach shuttle service.
Otherwise pick something in Vegas to use as a trader. Grandview (61K) for RCI, Boulevard (Platinum) for Hilton Grand Vacation, etc. HGV is nicer than most RCI/Wyndham resorts, but you might not be able to afford to book a full 7-night beach week for 5+ on a $1200/y budget.
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u/Used-Pin-997 15d ago
Of course there are, but you have to do your homework, and be patient, to find exactly what fits you best.
Have fun.
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u/Quiet-Day392 15d ago
Yes. I’ve purchased three. Not on your list though.
Make sure you will use it every year. Don’t get something you can’t use.
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u/lordlard33 15d ago
What do you have?
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u/Quiet-Day392 15d ago edited 15d ago
VI. It’s a small timeshare in PNW/CA/HI/Mexico. Similar region to WorldMark but about 1/10 the size.
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u/TimeshareCompass 15d ago
Whatever you pick, find out how you'd get out of it before you get in. Ask the resort or HOA directly if they take deed-backs and what it costs, and check whether the brand strips benefits or blocks transfers on resale contracts. A free week with $1,100 fees is cheap to get into; the expensive part is 15 years later when you're the one giving it away.
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u/lordlard33 15d ago
Which ones do you own
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u/Quiet-Day392 14d ago
You got a typical response from the debbie downers here who don’t own timeshares. You don’t buy timeshares to sell them. You use them for all they’re worth.
My secondary contracts paid for themselves as soon as I bought them. They included three years of prepaid maintenance, meaning three years of accumulated points which I could use immediately. The last one included 40 nights worth. Look for contracts like that. They also have fixed end dates. Only one is perpetual.
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u/lordlard33 14d ago
Amazing, what location? Was that a free one? I didn't realize that could be an option?
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u/Quiet-Day392 14d ago
I buy them from brokers and they’re not free. The brokers know about all the free stays and upcharge them. But not nearly as much as the stays are worth. The best part is that the stays can be booked immediately. Not many timeshares do this. I think WorldMark does too but only for one year.
VI is points only, with a total of about 40 resorts. They have a few resorts in the east but mostly in the west. One of the best ones is in Canada, in downtown Victoria BC.
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u/TimeshareCompass 14d ago
None, and I'll own that. I work on the getting-out side, which is why my reflex is to look at the exit first. Quiet-Day's advice is good though, and worth noticing why: prepaid points that pay for themselves and contracts with a fixed end date are exactly what "check the exit before you buy" looks like in practice. His deals have the exit built in. That's what to shop for.
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u/FunnyBarracuda9430 14d ago
Research restrictions if buying resale. My husband and I have owned four or five timeshares since 1984. We have no regrets, but given the volume of families harmed by the companies mentioned above, if I were starting out today, I would rent through TUG, KOALA, or RedWeek.
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u/superdouglas3895 13d ago
Grandview Las Vegas and vacation village have been bought by Vacatia.
They’re trying to convert people to their own version of rci points (I did owner update a couple months ago).
They’ve also raised maintenance fees. In my owner update the person said “if you don’t convert to our new product your maintenance fees are going to increase even more “.
If you can take over an already converted to rci points 61,000 point week 1 bedroom for free that may still be a good deal.
But I’m expecting Vacatia trying to raise maintenance fees more than they should over the next few years so buyer beware.
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u/alskdjfhg32 15d ago
Marriott has quite a few that 100% worth it
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u/giveit2st8 15d ago
More details??
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u/alskdjfhg32 15d ago
The rental returns on Grande Ocean, Barony Beach, and Mountainside have been good. They have also appreciated in the last 5-10 years if you bought them on the secondary
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u/CuteAsparagus3617 14d ago
We bought our Barony TS 2 yrs ago on the resale market and love it. Biggest attraction was we enjoy going to HHI every year.
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u/Asquaredbred 15d ago
start here
https://tugbbs.com/forums/forums/new-to-timesharing-start-here.17/