Know what to look for when shopping for a timeshare ...

Timeshares can be great to own .... you just have to do your due diligence and know what/where you want:

1. never buy from a developer (you, the buyer, pays his huge overhead)

2. buy on the resale market or from the Bargain Basement offers on Redweek (many ads ask zero dollars), but be aware of increasing yearly maintenance fees and possible special assessments (many people placing these ads paid several thousands of dollars to a developer when they bought initially)

3. buy where you wouldn't mind going every year since exchanging is a crap shoot

4. for instance .... if I wanted to visit family every year then owning a timeshare near them would be very beneficial

5. if I wanted to vacation in a certain type location (ie: beach/ocean, mountains, gaming/entertainment such as Las Vegas, lakes etc.) then I would look for timeshares in that type location

6. be aware that owning a timeshare can be difficult to unload in this economy .... you own it until it changes ownership

7. there are hundreds upon hundreds of nice luxurious timeshare resorts .... you just have to realize what you want and how much you are willing to pay

8. if we were still traveling (we're not), we would definitely look for the criteria above in a timeshare .... one, two or three bedroom and 2 or 3 bath unit at a resort is world's better than a hotel/motel room ....

9. we previously owned 9 timeshares weeks and we saw many areas of this great country that we would not have visited if it hadn't been for timeshare ownership (ie: Las Vegas twice, Sedona AZ, San Diego/southern CA, San Antonio TX etc. and we owned several that were in the mountains or on the gulf/ocean within a day's drive of where we lived at the time)

So, for us, timeshare ownership proved to be beneficial BUT we bought all but one on the resale market and we sold them for what we paid (the developer bought one we lost money on), however this was before the economic crash of 2007 when you didn't see timeshares being given away like you do today .... there are some fantastic deals out there ..... you just have to know what you want.

does anyone at red week know a man named preston green who is from Jacksonville, Fl and has time shares for rent in Aruba at the Marriott. If so, please be kind enough to email me @ misssweetpea25@aol.com. He goes under the title of : vacationrentals84@gmail.com thank you

We have rented our Scottsdale, AZ property to him. He is professional and we negotiated our price with him. He is operating as a business but he seems to have a corporate list of clients that he rents to. Got a check from him and after it cleared I put my property in his client's name. I would rent to him again. (in fact he occasionally updates his files and he contacts me to see what I have to rent and when) Haven't dealt with him in the last couple years.

At our peak we owned 5 and now own 2. We always use our Cabo semiannual and rent the annual AZ through redweek or use it ourselves.

Let me know how this works out for you. I'm always looking for reputable people to deal with.

dorothyw89 wrote:

does anyone at red week know a man named preston green who is from Jacksonville, Fl and has time shares for rent in Aruba at the Marriott. If so, please be kind enough to email me @ misssweetpea25@aol.com. He goes under the title of : vacationrentals84@gmail.com thank you

Hello,

I'm happy to hear that you have resold so many timeshares. I currently own one in Orlando Florida (Liki Tiki) that I bought from a developer, and I would like to re-sell it. Can you provide me with some insight on how to go about selling it?

Dwayne Montgomery 256-585-8336 dwayne.montgomery@hotmail.com

jayjay wrote:

Timeshares can be great to own .... you just have to do your due diligence and know what/where you want:

1. never buy from a developer (you, the buyer, pays his huge overhead)

2. buy on the resale market or from the Bargain Basement offers on Redweek (many ads ask zero dollars), but be aware of increasing yearly maintenance fees and possible special assessments (many people placing these ads paid several thousands of dollars to a developer when they bought initially)

3. buy where you wouldn't mind going every year since exchanging is a crap shoot

4. for instance .... if I wanted to visit family every year then owning a timeshare near them would be very beneficial

5. if I wanted to vacation in a certain type location (ie: beach/ocean, mountains, gaming/entertainment such as Las Vegas, lakes etc.) then I would look for timeshares in that type location

6. be aware that owning a timeshare can be difficult to unload in this economy .... you own it until it changes ownership

7. there are hundreds upon hundreds of nice luxurious timeshare resorts .... you just have to realize what you want and how much you are willing to pay

8. if we were still traveling (we're not), we would definitely look for the criteria above in a timeshare .... one, two or three bedroom and 2 or 3 bath unit at a resort is world's better than a hotel/motel room ....

9. we previously owned 9 timeshares weeks and we saw many areas of this great country that we would not have visited if it hadn't been for timeshare ownership (ie: Las Vegas twice, Sedona AZ, San Diego/southern CA, San Antonio TX etc. and we owned several that were in the mountains or on the gulf/ocean within a day's drive of where we lived at the time)

So, for us, timeshare ownership proved to be beneficial BUT we bought all but one on the resale market and we sold them for what we paid (the developer bought one we lost money on), however this was before the economic crash of 2007 when you didn't see timeshares being given away like you do today .... there are some fantastic deals out there ..... you just have to know what you want.

dwaynek14 wrote:

Hello,

I'm happy to hear that you have resold so many timeshares. I currently own one in Orlando Florida (Liki Tiki) that I bought from a developer, and I would like to re-sell it. Can you provide me with some insight on how to go about selling it?

Remember the cardinal rule for selling a timeshare. Never, ever pay anyone a large, upfront fee to sell, rent out, market, or "cancel" your timeshare.

Secondly, get an idea of what your timeshare is roughly worth on the resale market. Orlando has an overabundance of timeshares. They're literally a dime a dozen. Try to erase any delusions you have about selling it for the price you paid the developer. It's quite possible that yours has zero resale value and you might just have to try to give it away.

Advertise on websites such as here on RedWeek, My Resort Network, or Timeshare Users Group (aka "TUG"). Bidshares and Craigslist are free but "you get what you pay for".

dwaynek14 wrote:

Hello,

I'm happy to hear that you have resold so many timeshares. I currently own one in Orlando Florida (Liki Tiki) that I bought from a developer, and I would like to re-sell it. Can you provide me with some insight on how to go about selling it?

Dwayne Montgomery 256-585-8336 dwayne.montgomery@hotmail.com

I will have to admit that I sold all of our timeshares BEFORE the great recession of 2007 when most timeshares had some value, but to answer your question I posted a detailed description of the resort and timeshare unit along with pics of such.

Orlando is over-built with timeshare resorts (the most timeshare resorts per capita in the world), so it may be hard for you to sell it at all and if you should, you'll never recover what you paid a developer .... many timeshare owners are giving weeks away for free to rid themselves of rising yearly maintenance fees with many owners paying for 2013 maintenance fees and closing costs.

The buyers of these weeks are getting a really good deal .... all they'll have to pay are yearly maintenance fees with no initial investment involved. If I were looking for a timeshare in a certain location then I would certainly consider those that are being given away. I believe many people don't realize what deals are out there concerning free or low cost timeshare weeks, because they know nothing about timesharing.

Ads are not permitted in the forums .... that's what 'Sell or Rent Your Timeshare' above is for.