Good idea? Should we?

[thatgirl913]

Hello,
We have the option to have a Vacation Village at Weston transferred to our family from another family member. The maintenance fees for for 2020/2021 (they are every other year) are $947. It is a 2/2 unit for week 45 biennial even. It has RCI weeks and somehow additional weeks have been purchased because when you log into the RCI website there are also two 1/1 units listed at the same resort for power trade-in points. However, the “units” aren’t actually deeded or owned, so I’m assuming it’s just some sort of split to have use every year and not just every other year. Which gives you three total units on RCI and the option to trade-in yearly. The family member has owned the timeshare since 2002 and has used it once. He has no clue how to bank points and it’s just being wasted and our family would use it at least once a year. No mortgage. I know there are taxes ever other year - under $100. And the RCI membership fees. Are there other fees we need to be aware of? Is it worth it? It seems to be a good deal, but I’m afraid we may be missing something and I don’t want to get us roped into some the we sorely regret later. We are NOT in the same tax bracket as the family member that would be giving this to us. But we would be taking over the fees. We typically travel at least once a year for a week in a hotel that cost more than the biannual maintenance fees. So financially it seems to make sense, but.....

 

[mcsteve]

There is a sticky that asks many questions should you think about purchasing a Timeshare. You should answer these questions and, if the answer leads you to VV at Weston then it may be a good deal for you. Please read all you can on this site to fully understand what you are purchasing. TS means different things for different people and no one person can give you the perfect advice. I picked up a 2br at the same location last year, but I only purchase where I want to vacation. I have traded through RCI and other systems but if I could not trade, I would be very happy vacationing where I own each year. I hope this will help.

Here are some questions you can answer to focus your timeshare wants/needs.

Suggestion - copy the questions below, and start a new thread entitled "My Survey" or "What should I buy?," or something similar, and answer the questions in a NEW thread.

1) Is there a vacation destination you wish to visit most of the time or on a regular basis? if so where?

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 - total, including yourself?

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) What level of accommodations do you prefer on a scale of 1 to 5 stars?

9) How much can you afford to spend upfront, without financing?

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?

11) Are you a detail oriented planner?

12) 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?

 

[thatgirl913]

Thank you! I will check all of that out.