MassanuttenOwner
newbie
- Joined
- Apr 12, 2018
- Messages
- 9
- Reaction score
- 3
- Resorts Owned
- Massanutten
Why would you buy resale? Why wouldn't you just pay to stay a week wherever you want?! That makes no sense either!
If the mortgage is paid off you need to contact the HOA (not the developer) and depending on what you own the HOA will take the unit for no fee or a nominal fee. Otherwise you can advertise it for sale. Most weeks at Massanutten have no value but a handful are worth $100 to even $1000. I paid about a thousand recently for a Regal Vista week 29 that had been converted to RCI points. I actually paid closer to $2000 all in including the current year MF, the closing costs and the transfer fee and rci transfer fee.THE BANK HAS NOTHING TO DO WITH IT AS THE MORTGAGE IS PAID OFF. And to answer your question, I made this post so anyone googling Massnutten during a presentation, will see this and NOT purchase from them!
I own resale at Massanutten because I can usually use internal exchanges back into Massanutten for less than $200 per week in a 2 BR full kitchen unit during most of the year and I can usually rent what I own for a couple hundred over what I pay in MFs for prime weeks which usually allows me to stay a week or two in the summer for free using the profits and either staying in my own unit if it doesn't rent or a prime exchange for around $400 per 2br per week.Why would you buy resale? Why wouldn't you just pay to stay a week wherever you want?! That makes no sense either!
If you do not own, then this has nothing to do with you! Did I say the resort was not nice? They are nice but owning a timeshare is not something I would recommend to anyone! It has caused us headaches and I've lost a lot of money because of it!
...Timeshares will ruin your life! Stay away!!!!
Why would you buy resale? Why wouldn't you just pay to stay a week wherever you want?! That makes no sense either!
Thank youI’m sorry about your wife’s illness. I’m sure you are venting on us which is understandable you are very stressed.I have been timesharing since 1981 and have exchanged many times . Have also stayed at my own timeshares too. I tend to buy where I want to stay and have been fortunate enough to get all the timeshares I have now resale. There have been problems with some of them and we have terminated a few weeks and also purchased others. I agree with you about presentations, I’m never going to one again. I tell them I’m on vacation and happy with what I have and politely ask them to leave us alone so we can enjoy what the resort has to offer. I don’t own Massanutten but if read good things about it and may go there someday.
My advice is join TUG we are all just people who enjoy timeshares. Put an ad in Marketplace to rent, sell or exchange your week. Make the best of it until you can be done with it.
Silentg
These are probably scare tactics. Are you behind on your Maintenence fees? If so I suggest you pay them then ask if they will take back your week or help you rent it. Speak to someone higher up than the person who answers the phone. Good Luck!Thank youThis is all very frustrating because they are threatening to take us to civil court as well and we just can't afford it.
I am glad that you seem to be stepping back. I think if you present your issues in this more moderated tone, you will get lots of help here. If you can try to put aside how you got duped, and separate your personal and financial issues, you will have a clearer picture of how to get this resolved. You just have to accept a few things as reality, even though you don't like them and feel screwed (probably rightfully so).Thank youThis is all very frustrating because they are threatening to take us to civil court as well and we just can't afford it.
Wow. All of you are complete idiots especially due to the fact that this is not real property and is worthless! How can you defend a company that utilizes high pressure sales tactics and LIES to consumers to get them to sign a contract and tells them they actually own real property which is false! If it were such a good deal and NOT a scam, then why make it a legally binding contract? Why not sell it as it is..... an overpriced vacation membership worth nothing. I've stayed at better resorts for less than the price of owning a timeshare! WAKE UP! You're all brainwashed by the resort!
This was OP's first post on TUG. Something tells me it might be his last, at least on this thread. I can't see him trying to defend his rant.
I’m hoping he gets this resolved, doesn’t need the extra stress.Wow!! Was I ever wrong on this!!
I’m hoping he gets this resolved, doesn’t need the extra stress.
I am writing this in regard to my timeshare with Massanutten! Stay far far away from this group as they are indeed a timeshare scam and want nothing more than to take your money! It is impossible to book a reservation and upon sending multiple letters to try to come to some type of amicable resolution, Michael Owens, the "Hospitality Director" ignores all requests and sends you to collections or worse, submits a warrant in debt and brings you to court, even if you've told them you can't afford it!! This company does not care about anything other than money and could care less about their "owners"! If you ever go to a Massanutten timeshare presentation, say NO a thousand times!!!! They are also under the management of Great Eastern Resort Management which is who Michael Owens is associated with! Timeshare is a waste of money and I'm not sure how it is still legal as it is not real property!!!!!! Trust me when I say, Massanutten is the worst of the worst and I have made this thread so everyone who has had Massanutten can share their awful experiences, that way, everyone knows how horrible this company is so that everyone stays far, far away!
Well, for us, we normall pay maintenance fees in advance and book prime weeks (like New Years) or have a fixed week like over July 4. While we have gotten rid of most of our timeshares except one at this point, getting a beautiful four bedroom condo over July 4 or New Years for 750 a week isn’t realistic...Why would you buy resale? Why wouldn't you just pay to stay a week wherever you want?! That makes no sense either!
This also. Since our kids are grown and we eliminated most of our timeshares, we kept one flex at Massanutten to use the internal trades. Our one timeshare can get us about four weeks for hubby and I at 159 extra a week internal trade. This generally gets us four weeks a year for 1200 a year including trading fees, or 300 a week overall. If we want more we can do last call as well.I own resale at Massanutten because I can usually use internal exchanges back into Massanutten for less than $200 per week in a 2 BR full kitchen unit during most of the year and I can usually rent what I own for a couple hundred over what I pay in MFs for prime weeks which usually allows me to stay a week or two in the summer for free using the profits and either staying in my own unit if it doesn't rent or a prime exchange for around $400 per 2br per week.
I am writing this in regard to my timeshare with Massanutten! Stay far far away from this group as they are indeed a timeshare scam and want nothing more than to take your money! It is impossible to book a reservation and upon sending multiple letters to try to come to some type of amicable resolution, Michael Owens, the "Hospitality Director" ignores all requests and sends you to collections or worse, submits a warrant in debt and brings you to court, even if you've told them you can't afford it!! This company does not care about anything other than money and could care less about their "owners"! If you ever go to a Massanutten timeshare presentation, say NO a thousand times!!!! They are also under the management of Great Eastern Resort Management which is who Michael Owens is associated with! Timeshare is a waste of money and I'm not sure how it is still legal as it is not real property!!!!!! Trust me when I say, Massanutten is the worst of the worst and I have made this thread so everyone who has had Massanutten can share their awful experiences, that way, everyone knows how horrible this company is so that everyone stays far, far away!
I would rescind now while you can and buy on the resale market. You can still give your wife what she wants without paying for it.I found this thread to be very interesting as my wife and I purchased....correction...signed a loan to purchase from Massanutten Resorts Sunday. We visited with every intention to just get the promised $250.00 gift card and not buy anything. Having previously signed a timeshare contract I didn't use with my previous wife I'm well aware of the danger of making impulse decisions concerning timeshares. I figured it would be easy considering (1) I've been through this before, (2) I'm close to retirement and can't afford long term commitments, and (3) my wife is currently suffering through her 3rd bout with cancer. It's foreseeable that we won't be doing much travel considering the circumstances.
What I hadn't counted on was how beautiful the resort is. Even still, I was firm in my resistance not to succumb to their sales pitch. That is, until they dropped the price of purchase to a range I could easily manage, and...
...I noticed my wife really wanted me to say yes, though she tried best as she could not to influence my decision.
Dead giveaway.
When I agreed the tears started flowing. We've never had a honeymoon and we haven't traveled in the 2 years we've been married. We simply can't afford it. But Mannanutten Resort offers a reasonable enough destination we can visit that won't cost us too much. And I wanted something my wife could look forward to doing in whatever time she has left.
Now the dilemma. I know at some point this purchase is gonna become a real pain in my behind. So the first thing I decide to do is figure a way to get rid of this 10 year loan. I planned to borrow the amount from my retirement fund, but decided instead to simply withdraw the amount and pay 20% federal and state income tax on the amount withdrawn. So with the mortgage out of the way, I can easily set aside funds monthly for maintenance fees. Which comes to why I'm here.
I'm sure there"s something I'm missing. Is there any advice you can offer that allows me to minimize needless expenses and to maximize use of this property on a limited budget?
Thanks in advance.
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Thanks for the suggestion. Please forgive my ignorance but I'm a fish out of water here. I assume the resale market consists of people selling their timeshare. Any recommendations on where I might look?I would rescind now while you can and buy on the resale market. You can still give your wife what she wants without paying for it.