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Advice for Newby starting out?

skiman97

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Hello!

This is our first post here and we do not yet own a timeshare. We have been on a few timeshare and vacation club presentations and are considering jumping in. I have been researching for days but it's confusing and I still feel uncertain about what to do. Here is our situation, hopefully someone can help us with suggestions for starting out wisely.

We have two boys age 6 and 8. We live on a lake in Michigan so we are content to stay home during the summer months. We typically like to get away for a week somewhere warm during the boys spring break to Orlando or the Caribbean, or a cruise. We like the all-inclusives, but also are sold on the idea of getting away from the "box" (normal hotel room, as the timeshare salesmen call it). We also would like to take a week before or after Christmas. The week before has worked out better because it's so much cheaper. For most of the places we like to go, airfare is a requirement, unfortunately. Airfare is cheaper mid week, but I see timeshare check in's are usually weekends.

We are adventurous and like to go to different places. We have never stayed in the same place twice, but would not mind repeat visits to a place we really liked. I was thinking that for us a points system would be best, but talked to a friend who has two red weeks in Vegas and has never had problems exchanging to nice places through II (he never stays at his home resort). If we had to pick one place that we frequent the most I'd say it is Orlando, but then I hear that area is so saturated that the trading power is not as high? We also have family in Southern CA and AZ so we'd consider buying those areas but definitely would not use every year. We want to start small to get our feet wet. Are there any Marriots that would be a bad investment? I have seen some for a couple grand, but of course the maintenance fees are high. Of the 4 main hotel companies, which tends to have the lowest MF?

Should we just start with points? Or focus on finding something in Orlando we'd use every couple years, with lower maintenance fees? As you can see I am confused and want to make a good choice to start out. I saw one ad that seemed good, it's two in one, one points week and one red week in SA, for a total of 98,500 RCI points. Combined maintenance fees for both are under $700. Sale price less than $1000. Seems like a good deal but maybe I'm missing something. Also from what I hear II is better, but this deal I'm referring to is RCI points. We have also been on a bluegreen presentation and like that system too, but hope someone with experience can guide us in some way. If you were me, how would you start out? All we know for sure is that we'll buy resale. Thanks in advance for any direction!
 

DeniseM

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Welcome to TUG! :hi:

My best advice is to wait 6 mos. before you buy anything. I can almost guarantee that after 6 mos. of research, you will make a different choice than you will if you buy right away.

Here is my advice for buying your first timeshare.

Good luck!
 

vacationhopeful

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Exchanging and points systems both require advanced planning and commitment months in advance (12-14 months is pretty normal, esp if you are working around the school calendar).

Next you have to consider your budget for Maintenance fees, special assessments, and travel expenses. You mentioned the high Marriott MF - in timesharing this is a big consideration. You might think about buying ONE timeshare and using Last Minute/Discount reservations for overbuilt places (like Orlando - esp the week BEFORE Christmas). There is a thread about the crowds at the Disney parks on and after Xmas recently on the boards.

But I would recommend renting for the next year or so - this would give you experience within the different resort chains. Cheaper to rent, read more here and learn, than to buy something and not use it happily or at all.

Welcome to TUG!
 

FlyerBobcat

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Are there any Marriotts that would be a bad investment?

You've gotten some good advice already..... And the general thought around here is to NOT look at a TS purchase as an "investment". Yes it can save you some money, no doubt. But plenty of people have had bad "investments". That's why the longer you stick around here and learn the better you'll be in the long run.

Welcome!!! :whoopie:
 

mamadot

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All that being said I would suggest a Marriott timeshare in either Ph ( Newport Beach or one of the Palm Springs villas. Newport could be a gold but Phoenix and Palm Springs should be Plat. Watch Ebay and I think the best deal you can get would be Marriott Palm Springs. There are 3 Marriott's there.

MF would be around 1K or under. I have gotten excellent trades with my NCV and MRD (Shadow Ridge).
 

timeos2

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Start out with inexpensive points. You almost can't lose

A good points system with plenty of resort locations to choose from at resale - Wyndham comes to mind among others - may be a great deal for you. They have plenty of choices in warm weather areas and it isn't hard to get reservations. As your horizons grow they offer many unique locations and an automatic tie in to RCI so you can use that as well.

As a first time buyer you have a clean slate. Use it to be as flexible as possible (a single resort/location no matter how good is too restrictive unless you REALLY want to use it nearly every year). While we have enjoyed most of our timeshares - the first two of which were single resort, weeks based - we have moved almost all of them to points as it works so much better. If we were starting out today we would buy resale points except for any fixed, high demand times (summer beach comes to mind) we simply have to have. That doesn't sound like what you are looking for while a good points system seems to fit the bill perfectly.
 

skiman97

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Thanks!

Thanks for all the replies. We are going to take our time and do some research. I think we'll look into the Wyndham systen next and see if that will suit our needs. Thanks for the advice, I know I'll be back w/ more questions.

Does anyone know the average MF for Wyndham and if they go up every year? As far as resale, are there any catches I need to know about?

Thanks!
 

capjak

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I own DVC, Westin and am closing on Marriott.

We really enjoy both DVC and Westin.

For Orlando DVC is extremely flexible but does not have the other locations that you would want.

Westin (starwood) has some great locations and is fairly flexible in that they have their own internal trading system (staroption points) and you would have access to II to purchase getaways to Orlando. Note: need to study this system when buying resale to get a "mandatory resort".

Marriott tons of locations but need to trade through II which means you may not get exact week/unit you want.

Hilton I think this may be a good option for you as it has the added flexibility for resale purchasers to trade your unit for Hilton Honors Points and therefore if you can't get a TS you want you can always use their hotels and they have a ton of them. Negatives: not a lot of Hilton developed timeshare locations.
 

m61376

Tug Review Crew
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I think the best advice you've been given was to take the time to read and learn about the different systems. Give some thought as to how you and your family like to travel. For example, there are those here who are very happy with more basic accommodations and would rather the lower initial outlay and annual MF's, while there are others who want resort-hotel type accommodations. Be honest as to how you want and can afford to travel.

The happiest people who own timeshares are those that have bought where they'd like to use. Trading is, of course, a wonderful way to experience new places, but you have to accept that what you want may not always come through. The more flexibility you have the better the system will work for you. With children you will likely need school vacation times for many years to come, so keep that in mind. That said, a weak trader is not going to get you peak vacation trades, unless you are willing to make relatively last minute travel plans. Be realistic - make sure your purchase is in keeping with your wishes; although trading up can be achieved and there are many who have managed to maximize their trade value, if you buy an off season week at a lesser tier resort and expect to easily trade into the top weeks/resorts in the system you may soon grow to regret your purchase.

Your best education is right here on Tug. Read the posts dating back several months under the different resort systems and you will start to get a feel of what may work best for you. And, feel free to ask questions along the way.
 

beanb41

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Skiman if only we had the knowledge now available to yo when we bought our first timeshare unit over 20 years ago.
A couple of things we have learnt over the years:
1. Buy where you would want to holiday - If exchanges and all else fails you can always use your home resort for a holiday.
2. Buy in the best exchangeable resort you can afford
3. Maintenance fees are always going to go up and if your resort is getting on in years a special levy maybe required to update the resort. Both are compulsory
4. Always buy resale : Attend developers seminars but dont pay deveopers prices
5. Never take your wallet and/or credit cards to timeshare seminars - Timeshare presentations are professionally slick and designed to embarrass you into buying.
6. Decide which is best for you deeded weeks or points - There are positive and negatives for both.
7. Ask more questions: The only stupid question is the one you havent asked.
8. Pay your $15 and join TUG. There is a whole lot more info available to members than guests on the bulletin board.
9. Check out the pros and cons of the different exchange companies
10. Check our resale timeshare sites to ascertain the True market value of different timeshare units.
11 Timeshare is not an investment in Real Estate but an investment in future holidays.
12. Consider is your timeshare still going to be of value to you when the kids no longer want to holiday with mum and dad.

Just a few things to condider
 

calgarygary

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Thanks for all the replies. We are going to take our time and do some research. I think we'll look into the Wyndham systen next and see if that will suit our needs. Thanks for the advice, I know I'll be back w/ more questions.

Does anyone know the average MF for Wyndham and if they go up every year? As far as resale, are there any catches I need to know about?

Thanks!

You are getting some excellent advice and so far, it looks like you have the plan to take your time. One word of caution, in today's market, there are many, many "deals" out there that may tempt you. Don't jump! By taking your time and doing all the necessary research, you will increase the odds of getting that perfect fit for your travel/vacation needs. It is well worth spending a few dollars more should the ts market recover in the next 6-12 months (and that is questionable) to get a ts that best works for you.
 

ecwinch

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Marriott Harbour Point (HP), Kauai Beach Villas, Riverside Suites, WorldMark Pts (WM), Wyndham Pts
All great advice...

one other thing to consider is to buy a ever other year (EOY) Wyndham points package. You can get them on e-bay for next to nothing, and at some good locations.

That way if timeshares do not work for your lifestyle, then you only have to deal with it - ie. trade it or use it - every other year. And you get the free RCI membership. For an occasional timeshare user, those membership fees plus exchange fees can add up to 35% to cost of your week.
 

Bill4728

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ecwinch said:
one other thing to consider is to buy a ever other year (EOY) Wyndham points package. You can get them on e-bay for next to nothing, and at some good locations.

One word of advice about the super cheap TSs.

The $1 or $100 TS seem super cheap, but most of the time you have to pay to transfer the title and that can often add $400 or more to the cost.

So, IMHO if you have to spend a little more money ( couple of hundred more) to get a lot more TS, it well worth it. So I'd not buy a EOY wyndham TS but spend a few hundred more and buy at least 150K worth of Wyn TS points.
 
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