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Mariott TimeShare Question - Need Buy Advice
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Question: I'm just getting ready to finalize a Mariott timeshare purchase and
need some advice.
I found an Orlando timeshare for sale for 1/2 the price that Mariott
will sell it "new" to me for. My first reaction is "how could this
be"? Then I did some reseach - heavy reseach, and I found that
Mariott has a big markup on the TS and owners take a big hit when
they resell. That's to my benefit here.
My biggest concern is that I'm making a mistake. That I might be stuck
forever with this mistake without any way to escape the trap. That I
could be finding this timeshare instead "free" to someone willing to
assume the maintenance fees. Maybe I did not look hard enough.
Although I do not see this as a true RE "investment", I view the cash
outlay as "equity" that I submit for having the TS week. However, if I
go to resell this myself, I don't know that I will ever recover that
what I term "equity"....the cash outlay. Of course there are
maintenance fees but I see this a extremely discounted annual room
costs compared to the payment I would incur had I not been the TS
owner.
Does anyone have any knowledge or experience owning a timeshare -
Mariott specifically? Can you tell me if I'm getting into a really
bad trap? Am I really just incurring an expense instead of property
ownership?
Answer: 1/2 of new is still way too much. You should be able to pick
them up for pennies on the dollar, no more than 10% of new.
And, you should be able to get 2 or 3 years of prepaid dues
paid. People will do just about anything to get rid of a
timeshare since they eat, and they eat a lot.
Depends on what you use them for .
We're happy with ours (points system), and while they may
eat some, vacations tend to do that one way or the other.
We wouldn't be able to get a hotel room (without the kitchen,
bedroom(s), etc.) for the price of the maintenance fee, and
it gives you good reason to get out. Timeshares are good for
people who otherwise wouldn't take their vacation time other
than to do more work.
Comment:
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