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Grandview Las Vegas - my timeshare presentation experience

RX8

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I attended a timeshare presentation at the Grandview in Las Vegas. As the minutes turned to an hour and a half, I continually asked myself WHY I elected to get the free show tickets. I also reminded myself that since I am considering a timeshare it was a good idea to get a more broad perspective on what is available (this would be my second timeshare presentation). All potential buyers were herded like cattle from the Las Vegas strip to the Grandview location about 7 or so miles south to the "pen" which was made up of MANY tables and chairs just waiting for the action to start.

Once arrived, I was quickly called and assigned a sales rep and the presentation started. I was immediately surprised that they were "selling" the RCI points program much more so than the Grandview timeshare itself. What was being presented was a 2 bdm 2 bath with 80,000 RCI points. Some things said during the presentation:

* 80,000 RCI points will get you ANYTHING with RCI because you would have more points than most others in RCI. Even with high demand areas and high season, I would not have a problem because RCI has 4300 to choose from.
* The most popular places included Florida and Las Vegas and therefore, RCI WANTS these exchanges/deposits because so many people want to go there.
* Since this was a deeded week that included the LAND (I was told most deeds don't include the land), I would benefit by the appreciation of value, especially so since they are on the "last" stretch of Las Vegas Blvd that can be developed. I was also surprised to see their worksheet actually had a written statement that you could BUILD EQUITY with the timeshare purchase which almost made me laugh.
* On more than one occasion, both the sales rep and the closer talked about RCI as "our company."
* I was told that RCI cannot change the points allotment down the road. I would always have 80,000 points (I do not know if this is true or not).

I almost fell out of my chair when they finally quoted me a price - $44,900! :doh:

I just hope NO ONE bites at this price with the hopes that they will be able to "build equity" on their great purchase.

Here is an apples to apples comparison from eBay, same 2 bdm 2 bath and 80,000 RCI points, which SOLD for less than $1400 ALL-IN and included 80,000 bonus FREE points. http://www.ebay.com/itm/GRANDVIEW-L...30624175769?pt=Timeshares&hash=item1e69cebe99

The closer tried to do the jumble math giving me lesser and lesser RCI points, and prices, which I passed on. The salesperson, cheerful and talkative before I declined their offers, pouted without saying a word to me during the long walk downstairs to get the gift.
 

gnorth16

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From doing my comparisons, Grandview does have a high points to MF ratio (especially if you get the 98k one), but the TPU's (in RCI weeks) to MF is quite high. If you were looking for points, Grandview would be near the top of the list with the added bonus of no DVC blocks compared to VV@P and other Orlando properties.

$44,900:eek:

Next time go into the presentation with a printout from eBay and you will be out much faster!!!
 

Passepartout

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So what was the gift? What all did you get for sitting through this ordeal?

Their deal is free to low cost show tix. We got them when another couple that was accompanying us attended the thumbscrew session last year. I had provided our Grandview lodging on an RCI Last call for like $315 all in (2BR!). Why buy there with that kind of rental deal.

Jim
 

RX8

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So what was the gift? What all did you get for sitting through this ordeal?

I got heavily discounted tickets for the Beatles Love show, which was amazing by the way.
 

gnorth16

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For comparison, I found a very nice 2BR/2BA condo 2-3 blocks from South Point Casino and the ask is 55k. The real estate agent should hang out around the TS sales pitches and hand out leaflets. They would sell it in a couple of hours!!!
 
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