Buying in Mexico

[samara64]

We are now in Mexico and got offered a TS in Grand Solmar.

It is a 1BR each other year for 48 years + 4 Plat weeks also each other year.

What is the value of that.

Thanks for the help.

Sam

 

[Passepartout]

In today's market, under $1000. I couldn't find comparables in eBay, but that's about what Mexican resorts go for. Many can be had for $1.

Don't buy anything from the developer. Buy resale only! If you already bought, rescind asap! $ave thousand$!


Jim

 

[Maple_Leaf]

Penthouse on Ebay

There's a 2BR 3BA penthouse on Ebay right now. My guess is you'll pay more for your 1BR, but why?

 

[DeniseM]

We are now in Mexico and got offered a TS in Grand Solmar.

It is a 1BR each other year for 48 years + 4 Plat weeks also each other year.

What is the value of that.

Thanks for the help.

Sam

I would never buy from the developer in Mexico:

1) Retail prices are ridiculously inflated - you can save 90-100% buying the same thing on the resale market.

2) The sales people in Mexico are infamous for fraudulent sales practices.

3) You will have to finance it.

4) They told you that you can cover all your fees, and even make a big profit by renting extra weeks. This is a common ploy, and it's a lie - the fact is that the Mexico timeshare rental market is in a terrible slump, and you will have difficulty renting the weeks AT ANY PRICE!

5) Mexico is the easiest trade in the world. You can buy a $1 timeshare on eBay and use it to trade into Mexico every day of the week.

DON'T DO IT!

When you get home, come back to TUG and do your homework with no pressure, and take your time to make the best decision for your family.

 

[pacodemountainside]

Not anywhere near what they are asking!

There is a whole section here devoted to Mexico TSs just scroll down. Must reading .

If purchased, rescind and file dispute with credit card company.

 

[lossy61]

I agree with the other posters. I have two TSs in Mexico and am definitely regretting my ownership. Resale is the way to go. Lots of great deals!

 

[samara64]

Bying in Mexico

Thanks to all tuggers. I do own Worldmark for over 10 years and I love it. I just thought I check since they went down from 55K to $6400.

Dennis, you are right. They told me all these things.

One more question. What about 20 weeks in Grand Mayan Resorts for $1700 and $695 per week when I reserve it. Any thought on that.

Thanks again.

Sam

 

[presley]

One more question. What about 20 weeks in Grand Mayan Resorts for $1700 and $695 per week when I reserve it. Any thought on that.

What about depositing a week of your Worldmark into SFX and exchanging into Grand Mayan for $149.00 per week when you reserve it?

You would save a lot of money doing that for 20 vs. buying a right to rent from the resort or a vacation club.

 

[DeniseM]

What about 20 weeks in Grand Mayan Resorts for $1700 and $695 per week when I reserve it. Any thought on that.

I assume you are still hoping that you can some how rent these weeks? Right now travel to Mexico is really depressed, and there is far more supply than demand. You'd be lucky to rent a few - at cost. Owning a timeshare is not a money maker - you need to forget about most of what the sales person told you.

 

[samara64]

We are back home now and did buy any. I will simply exchange when I need too.

Thanks for the feedback.

Sam

 

[easyrider]

We are back home now and did buy any. I will simply exchange when I need too.

Thanks for the feedback.

Sam

Yup.. I wouldn't buy a Solmar or Mayan week. Maybe some more UVC premiere weeks in Mexico if I was going to buy anything at all.

Sometimes its even less to rent in Mexico than to trade. With WM you can get the instant exchange for 4000 points and fee with RCI 45 days out and almost anything else for full point value trades

Bill.

 

[nazclk]

Grand Solmar

And did the salesman tell you that if you sold your unit you would have to pay 10% of the original sales price to transfer the unit to the new buyer and 40% if you used a broker.

 

[samara64]

And did the salesman tell you that if you sold your unit you would have to pay 10% of the original sales price to transfer the unit to the new buyer and 40% if you used a broker.

NO, but I did read it on Redweek review.