Denise,
I will not rush into another purchase of this nature, I value your opinion and appreciate all the advice I've received from this group. It seems to me that everyone involved asides from a property you may own, ultimately you are at the total mercy of exchange companies or resort developer offers to secure reseravations unless you rent unwanted weeks from individuals.........am I wrong in deducing this ????
Yes - you can buy a deeded week on the resale market, for a resort you want to visit, during the season you want to visit, and make a reservation and go every year - you are at no one's mercy. You don't have to ever use an exchange company, if you don't want to, and if you buy resale, you don't deal with the resort developer AT ALL!
Let me give you an example: We own 2 ocean front weeks on Kauai - this timeshare is selling for $1 on ebay. I can reserve them 18 mos. out from check-in and every year, we go there for 2 weeks in the summer. I don't deal with any developer, or exchange company - I send a simple email in Feb. and I'm done. Couldn't be simpler.
I have read horrid things about class action law suits re. RCI
That has been over for some time with little or no effect.
and I hear of weeks for sale for $1 a stay
They aren't for sale for $1 a stay - the deed is for sale for $1. You still have to pay the regular yearly maintenance fee. But you are the buyer - it's a buyer's market - it's GREAT to be able to buy a nice timeshare for $1!
the whole slambango seems unreliable and unregulated by anyone; even amongst the users here I see vast differences of what is or maybe correct. Is there a book like [timeshare for dummies] on this way of travelling so I can grasp gist ????
You have found the best place for timeshare info. - TUG. But there are no quick and easy answers, because we all have different wants, needs, incomes, interests, etc. There is no "correct" answer - it takes some research to find out what is best for you.
Here are some questions for you to think about and answer here if you wish, to start to narrow down what kind of timesharing would be best for you:
New buyer questions:
1) Where do you want your home resort to be?
2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?
3) What are your 5 top trade destinations?
4) How many people do you usually travel with?
5) Can you travel any time, or are you locked into the school schedule?
6) Can you make firm plans 12 or more mos. in advance?
7) Can you vacation for a full week at a time?
8) How much can you afford to spend upfront, without financing?
9) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?
10) Are you a detail oriented planner?
11) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?