Neeed Advice!! Buying 1st Timeshare!- LV

[Ashley.Taylor]

Ok- so I have been watching, bidding etc.. on multiple units in Vegas. I finally found what I think is a good deal, but I need advice.

I have a counter offer for a 2 bedroom at 98K RCI points for $1900

or I can get 2 1-bedroom units at 49K RCI points each, for less than $800

But then that's 2 deeds, two timeshares- even though its the same annual Maint. fees essentially. Is it better to just buy the 2 bedroom unit or get the 2- 1 bedrooms at a much cheaper cost? I feel like i'm missing some details about owning 2 timeshares, I just don't want to get in over my head as a newbie.

 

[WinniWoman]

Ok- so I have been watching, bidding etc.. on multiple units in Vegas. I finally found what I think is a good deal, but I need advice.

I have a counter offer for a 2 bedroom at 98K RCI points for $1900

or I can get 2 1-bedroom units at 49K RCI points each, for less than $800

But then that's 2 deeds, two timeshares- even though its the same annual Maint. fees essentially. Is it better to just buy the 2 bedroom unit or get the 2- 1 bedrooms at a much cheaper cost? I feel like i'm missing some details about owning 2 timeshares, I just don't want to get in over my head as a newbie.

First thing I would check is what are the maintenance fees for the 2 one bedrooms as compared with the one 2 bedroom.

 

[Gophesjo]

She said that the maintenance fees are the same - I would offer an opinion, but since I do not have point timeshares, and rather just have weeks, others will be more qualified.

 

[Free2Roam]

Personally, I would opt for the 2 1bdrm deeds at cheaper cost... I think it would be easier to downsize when you're ready to do so.

 

[e.bram]

Las Vegas is overbuilt. Won't have much trading power if that is your intention.

 

[Ty1on]

Las Vegas is overbuilt. Won't have much trading power if that is your intention.

RCI Points are RCI Points.

 

[Ty1on]

Ok- so I have been watching, bidding etc.. on multiple units in Vegas. I finally found what I think is a good deal, but I need advice.

I have a counter offer for a 2 bedroom at 98K RCI points for $1900

or I can get 2 1-bedroom units at 49K RCI points each, for less than $800

But then that's 2 deeds, two timeshares- even though its the same annual Maint. fees essentially. Is it better to just buy the 2 bedroom unit or get the 2- 1 bedrooms at a much cheaper cost? I feel like i'm missing some details about owning 2 timeshares, I just don't want to get in over my head as a newbie.

Seller paying Closing and Transfer in both cases?

 

[silentg]

Are they 2 weeks at the same time or 2 consecutive weeks? If they were 2 consecutive weeks I would buy them, get 2 weeks vacation. Depends on what your objective is for Las Vegas.
Silentg

 

[WinniWoman]

She said that the maintenance fees are the same - I would offer an opinion, but since I do not have point timeshares, and rather just have weeks, others will be more qualified.

Sorry- I missed that for some reason.

 

[WinniWoman]

I think a lot depends on how you intend to use the unit or units or the total points.

 

[BocaBoy]

Las Vegas is overbuilt. Won't have much trading power if that is your intention.

Don't over-generalize. Trading power depends on the resort. I own at Marriott's Grand Chateau and it is a great trader. My 2BR portion of my 3BR unit got me a 2BR in February at Westin Kaanapali Ocean Resort Villas not too long ago. Also traded into Marriott's Newport Coast Villas with it. These are just two examples.

 

[Ashley.Taylor]

Seller paying Closing and Transfer in both cases?

Yes the sellers are willing to pay on both listings

 

[Ashley.Taylor]

Thank You everyone! This is all great Info- I think we will opt for the 2-1 bedrooms becuase of cost savings and the annual RCI points are the same. We are mainly wanting points to get into Hawaii and Mexico properties. but we do love Vegas and visit there at least twice a year anyways.

 

[bogey21]

It might not be your cup of tea but after I divested my 4 Marriott Weeks years ago I opted to buy 6 Fixed Weeks at HOA Controlled Independent Resorts in various parts of the country. My parameters were not to spend over $500 for any of them (I actually exceeded this on one) and not to buy any where the MF was over $500 (you might have to set a slightly higher target today).

Three advantages other than cost. First, I was able to trade into some nice Resorts including HGVCs in Las Vegas and a couple of upscale Resorts in Orlando. Second, when it was time to divest I didn't face the issue of how much was I going to lose! And third, I was able to take advantage of RCI Last Calls, etc.

George