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Lake Tahoe Timeshare-need experiences
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Question: Just posting again to get more opinions about these guys. Why?
I had a situation in Lake Tahoe in which I was talked into " discounted tickets"
in return for seeing a 45 minute presentation on time shares! Wasted a good
chunk of the day with my wife and son. I was so ticked off at myself
and so ticked off at the time share place that I didn't un-stew until
well into the afternoon! Never again.
I had a sneaky suspicion the first time my family went to Las Vegas the first
week in August. ( We had a blast!) Sure enough, there are people hawking free
shows, free this, free that, " Do you have plans this evening?" ,
They're pretty agressive too, but I'm even more aggresive about saying NO, I'll
pass, and other comments in order to keep on stepping.
I mean really. Why get a timeshare in that town when you're surrounded by fine
hotels with great rooms and amenities?
Answer: The key to getting out of these timeshare presentations quickly, is to
view the property, and listen to the presentation, then when they
start the hard sell, tell them you want to check out the TIMESHARE
RESALE MARKET first.
In my experience, that shuts them up fast since they know, that you
know that the resales go for 40-60 cents on the dollar of new, and
that you are not a buyer. . At that point all they want to do is give
you your "gift" and get you out so they can seat another mark.
I did that last year up in S Lake Tahoe and got a $150 value
tour/restaurant package for 2 hours of my time. (That works out to
making $75 and hour, not bad)
Once I said resale, they couldn't get us out soon enough. If they
persist, just raise your voice a little so the marks in the closing
room hear "Fifty cents on the dollar for resales". Works every time.
As an example, we visited a large, luxury timeshare property at
Ski Run Blvd @ S Lake Tahoe Blvd. New units were going for $18,000+.
The resales for similar units/similar weeks were in the $8,500-$9,000
range.
Just do a google search for timeshare resale and you will get
thousands of hits. You can probably even find the same resort listed
for a great price idea for the closers.
There are even some (Brick & Mortar) real estate agencies that
specialize only in timeshare resales. There are several in SLT.
Many folks succumb to the hardsale, only to find out that they really
can't afford it, can't get away every year, or due to
layoffs/downsizing don't have the money.
If you are in the market for a timeshare, remember, it's not like a
new house where you are the first and only resident. Even if you are
the first party to use a unit, the next time you return, 51 other
groups will have used that unit.
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