Deed or Right to Use

[skj62]

I own a right to use timeshare and I'm not sure that if I was to purchase another should it be a right to use or deeded. I understand the RTU has a defined period that I am obligated for, so the mf payments will end where as the deeded property can go on until it is sold. Can anyone help?

 

[glypnirsgirl]

I bought DVC points specifically because I did not want to burden my children with my vacation choices. I am now regretting the deeded timeshares that I have. I am using them both, so for now they are both fine. It is the future that I am concerned about.

 

[skj62]

I still have 15 years to go but I can see the light at the end of the tunnel. I think I am beginning to see that the way I bought mine was not how it should have been done...developer instead of reseller. However from all the information I am getting from this site I can see that buying, using, and reselling could be the way to go if you are vigilant in the front-in and buy in the right place for the right purposes. It's just ashame that so many people have to learn the hard way.

 

[timeos2]

I own a right to use timeshare and I'm not sure that if I was to purchase another should it be a right to use or deeded. I understand the RTU has a defined period that I am obligated for, so the mf payments will end where as the deeded property can go on until it is sold. Can anyone help?

It's not like you have a choice. A resort is either RTU or deeded - if you buy there you accept whatever type it is. There are a handful of systems (Wyndham is one) that may have both types at some resorts - usually in different sections/phases of the resort. So at those you could pick one type of ownership over the other. But that is not the norm. Usually you get whatever the resort decided to do when it was newly created.

 

[skj62]

Thanks timeos2. I was thinking in terms of having a choice at the same location but not the same timeshare. After reading in the forums on how difficult it is to sell I thought I may be better off if I bought a defined number of years under a right to use.

 

[Patri]

I think RTU is a great idea, and will relieve stress for many. About the time the usage ends is when they are likely changing their travel styles too.

 

[DeniseM]

Thanks timeos2. I was thinking in terms of having a choice at the same location but not the same timeshare. After reading in the forums on how difficult it is to sell I thought I may be better off if I bought a defined number of years under a right to use.

There are very few timeshares in the US that are right to use, outside of DVC. Most RTU timeshares are in Mexico, and I'd never recommend buying there. The Mexican management companies can be difficult to deal with, and you don't have the protection of American law if you buy in Mexico. Plus, even the TOP Mexican resorts (like Grand Luxxe) are an easy trade and cheap rental.

 

[skj62]

I understand that most are not RTU but the question that I think needs to be answered is whether or not RTU is a better option for the Buyer. Even though the recomendation given on this board is to buy resell rather than from the developer there are many who will still purchase from the developers and if buying RTU is a better option the push should be to satisfy the buyers requirements much the same way as the boards push the buyers to buy resell.The buyers should be pushing the developers to move in the direction of RTU. Am I missing something??