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Getting Out of Timeshare at Grandview in Las Vegas & RCI Points

P

PPHudson

newbie
Joined
Jan 11, 2023
Messages
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Fellow TUG Members,

About 10 years ago, my wife & I bought a timeshare at Grandview in Las Vegas, and we immediately signed up with RCI exchange to widen our 'net'. Unfortunately, we have only used the timeshare on 2 occasions (both times in Mexico) because we found no availability at other times and places we would have liked to visit. Nevertheless, we continued to pay obligatory maintenance fees, now amounting to over $1,000 per year. We have decided that continuing further with our timeshare offers insufficient benefit/cost value, and we would like to 'get out'.

Can anybody suggest how best we can extricate ourselves? We realize that we are unlikely to see any significant profit from our initial purchase (about $20,000) of the Las Vegas timeshare, but we have amassed over 240,000 points with RCI, and we are unsure how we can best convert these to something of value to us. Does anybody have any suggestions?

Any help would be appreciated. Thanks.
 
PPHudson said:
Fellow TUG Members,

About 10 years ago, my wife & I bought a timeshare at Grandview in Las Vegas, and we immediately signed up with RCI exchange to widen our 'net'. Unfortunately, we have only used the timeshare on 2 occasions (both times in Mexico) because we found no availability at other times and places we would have liked to visit. Nevertheless, we continued to pay obligatory maintenance fees, now amounting to over $1,000 per year. We have decided that continuing further with our timeshare offers insufficient benefit/cost value, and we would like to 'get out'.

Can anybody suggest how best we can extricate ourselves? We realize that we are unlikely to see any significant profit from our initial purchase (about $20,000) of the Las Vegas timeshare, but we have amassed over 240,000 points with RCI, and we are unsure how we can best convert these to something of value to us. Does anybody have any suggestions?

Any help would be appreciated. Thanks.
Click to expand...

What you own has value, Grandview units enrolled with RCI points are desirable. You could list it on TUG Marketplace, eBay or Redweek.

If you don't want the hassle of selling you could list for free in the Timeshare Giveaway forum here.
 
Not sure the RCI bank is extremely valuable given the $300/ week cost to use. You might be lucky to give it away.
 
SmithOp said:
What you own has value, Grandview units enrolled with RCI points are desirable. You could list it on TUG Marketplace, eBay or Redweek.

If you don't want the hassle of selling you could list for free in the Timeshare Giveaway forum here.
Click to expand...


It’s all dependent on the week they have. Some are better values than others
 
PPHudson said:
Fellow TUG Members,

About 10 years ago, my wife & I bought a timeshare at Grandview in Las Vegas, and we immediately signed up with RCI exchange to widen our 'net'. Unfortunately, we have only used the timeshare on 2 occasions (both times in Mexico) because we found no availability at other times and places we would have liked to visit. Nevertheless, we continued to pay obligatory maintenance fees, now amounting to over $1,000 per year. We have decided that continuing further with our timeshare offers insufficient benefit/cost value, and we would like to 'get out'.

Can anybody suggest how best we can extricate ourselves? We realize that we are unlikely to see any significant profit from our initial purchase (about $20,000) of the Las Vegas timeshare, but we have amassed over 240,000 points with RCI, and we are unsure how we can best convert these to something of value to us. Does anybody have any suggestions?

Any help would be appreciated. Thanks.
Click to expand...

PM
 
eBay sales of Grandview/RCI timeshares recently of any reasonable value have all seemed to be the 122K level:
122K RCI points
$3250
$2199
$1400
 
The good news is the Grandview is bought and sold frequently as a good tool to get RCI points with reasonable maintenance fees.

Each unit comes with a certain amount of points per year, with the 122K units having value.

The rest can usually be had for free or a small amount, depending on who is paying the fees involved in selling.

A Grandview unit with that many points attached as yours should have a good deal of interest.

An option you probably didn't know about is that the Grandview will rent your unit for you. Many people on the resort's Facebook page report earning enough to cover their maintenance fees.
 
goaliedave said:
Not sure the RCI bank is extremely valuable given the $300/ week cost to use. You might be lucky to give it away.
Click to expand...
The RCI points are valuable. The owner could use those for a couple years, depending on when they expire and let the Grandview rent their unit essentially owning for free.

As for the $300 a week cost, have you priced hotel and VRBO stays lately? The inflation in the travel sector has been strong.
 
Another option for @PPHudson could be to (finally) join, or hang out on TUG and learn how to use what they own. RCI Points is a very flexible system, and while one does have to do some advance planning, there is availability across a variety of resort options.

What one cannot do using timeshares is deciding you absolutely must have a top shelf resort for something like Spring Training, or Super Bowl the week before move-in.

Jim
 
montygz said:
...
An option you probably didn't know about is that the Grandview will rent your unit for you. Many people on the resort's Facebook page report earning enough to cover their maintenance fees.
Click to expand...

I did not know this! Do I call the resort to ask for this to do it for my unit? Or is there someone else I should contact.

TIA!
 
lotus921v said:
It’s all dependent on the week they have. Some are better values than others
Click to expand...
If the mf is over $1k and over 240K points banked my money is on a 2 br 122k point unit.
 
LauryH said:
I did not know this! Do I call the resort to ask for this to do it for my unit? Or is there someone else I should contact.

TIA!
Click to expand...
On the website where you pay your maintenance fees there is a form you can fill out and fax to them. The key is to have signed on to RCI and reserved your home week (it doesn't cost anything to do that) before submitting the form. For a 2 bedroom you will need to do a home week reservation for each bedroom.

If you haven't ever paid your maintenance fee online the website is: www.dailymanagementresorts.com.
 
SmithOp said:
If the mf is over $1k and over 240K points banked my money is on a 2 br 122k point unit.
Click to expand...
Or something less with points in their 3rd and 4th year extension
 
The Colorado Kid said:
eBay sales of Grandview/RCI timeshares recently of any reasonable value have all seemed to be the 122K level:
122K RCI points
$3250
$2199
$1400
Click to expand...

98k and less seem to be given away for free, some with incentives
 
montygz said:
The RCI points are valuable. The owner could use those for a couple years, depending on when they expire and let the Grandview rent their unit essentially owning for free.

As for the $300 a week cost, have you priced hotel and VRBO stays lately? The inflation in the travel sector has been strong.
Click to expand...
I don't disagree but it depends on the purchase price for the points - which isn't stated - and availability on rci is tougher.
 
goaliedave said:
I don't disagree but it depends on the purchase price for the points - which isn't stated - and availability on rci is tougher.
Click to expand...
Availability is SO much tougher. Plus that $289 exchange free makes it less of a deal to use
 
@DennisAM here’s a 122k Grandview for sale. You two may be able to work out a package deal for the timeshare and banked points.
 
SmithOp said:
What you own has value, Grandview units enrolled with RCI points are desirable. You could list it on TUG Marketplace, eBay or Redweek.

If you don't want the hassle of selling you could list for free in the Timeshare Giveaway forum here.
Click to expand...
Hi SimonOp,
Thanks for your comments (and thanks also to all those who commented downstream from your message).
Peter
 
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