• A few of the most common links here on the forums for newbies and guests!
  • The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 31st anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!
  • The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!

Newbie In the process of becoming a timeshare owner

DAA

DAA

TUG Member
Joined
Oct 9, 2009
Messages
50
Reaction score
7
Location
Connecticut
Resorts Owned
Marriott Grand Chateau - Platinum Season
Marriott Grand Vista - Platinum Season
Windjammer Landing Saint Lucia - Week 11
I am in the process of purchasing a special season week at Marriott's Cypress Harbour two bedroom for $4750 plus closing costs of about $600. I am hoping to be able to trade this sometimes. Could someone please give me advise on this purchase. Does this seem like a good deal?:confused:
 
Last edited:
Cypress Harbour is a great resort and that would be a very good price imo as long as it is special season (1-17, 51-52).
 
This sure be an excellent resort for exchanging.
 
Title Insurance

What is the opinion of buying title insurance for this? Also, the closing company handling this is timeshare resales broker. Should I be concerned about this or just let them handle it all.
 
Unless you've gone past the point of just 'thinking' about buying, I suggest you study the timeshare opportunity on TUG for a few months before jumping in and regretting it later. You will probably never find a better opportunity to 'steal' a platinum Marriott timeshare and you don't have to rush into anything right now.

Buying a TS for trading only is one thing, but perhaps you should consider buying one where you'd be happy going 3 out of 4 years instead...and one that is in an area that you wouldn't get tired of once the kids have grown years down the road. There are so many timeshares in Orlando that resale prices are even more depressed that the deal you've found.

With kids it's important to remember that owning one that requires flights to/from each adds a tremendous cost to the annual overhead, compared to one you could drive to. The one you're looking at is not a 'lockoff' suite so that you could split into two parts for $75 and stay an extra week - or trade both parts of your split suite. Look at the annual maintenance charges too ... are they affordable now, and what will they be in 10 years with 5% annual increases?

Have you considered renting a timeshare each year instead of owning one? There are tremendous rental deals available on Ebay and on TUG classified that would give you a chance to experiment and learn from the experience ... at much less risk and commitment than owning. In many cases, you can rent a TS suite for less than the owners pay just in annual maintenance ... and to rent them, you don't even have to join Interval International.

Take your time ... study TUG for the next few months and then leap when and if you feel it's your time.

Just some food for thought...

Brian
 
Our children are grown and we have a four month old grandaughter. I have been researching owning a timeshare for a while now We almost purchased from the developer a couple of times in Orlando and backed out of it because of the cost. We really do like orlando and wouldn't mind going there almost every year. I am just a little confused as to how hard it is to get a week in your season or are you able to trade out of your season even in your own resort. We are pretty flexible as to when we go on vacation as we have no school age children. :shrug: :shrug:
 
Our children are grown and we have a four month old grandaughter. I have been researching owning a timeshare for a while now We almost purchased from the developer a couple of times in Orlando and backed out of it because of the cost. We really do like orlando and wouldn't mind going there almost every year. I am just a little confused as to how hard it is to get a week in your season or are you able to trade out of your season even in your own resort. We are pretty flexible as to when we go on vacation as we have no school age children. :shrug: :shrug:
 
i own a "SPECIAL" week at cypress harbor and paid a waaaaaaaaay lot more than what you are paying(purchased thru marriott direct BEFORE I FOUND TUG) both my husband and myself have enjoyed staying there solo and having the grandkids with us was extra special. the years we have not used it we have rented and had no problems and it also trades (imo) great.
now, i know some on these boards will absolutely try to discourage buying in orlando, but i have no buyers remorse having done so(except of course for the price i paid) would i purchase again? yes, but definitely RESALE.
 
Do you have a floating week or a fixed week and if it is floating, how hard is it to book the week you want?
 
First of all, Cypress Harbour is a great resort but no lockoffs. You won't have problems booking your week if you call 12 month in advance at 9am, maybe some difficulty if you want Christmas or New Year (included on Special season).

Think when you would like to go to Orlando and go to II and try to find a getaway: for some weeks, you will be able to find a getaway at CH for less then $500, which is about half of your MF. If you have a lockoff, you will be able to split your week and get 2 weeks (Orlando is an easy location to trade into) and you will be even.
 
So are you suggesting I should not purchase this as I can get good deals on it just to rent? Can someone tell me the advantages of owning a timeshare. I am unable to get the getaway deals without being an owner.
 
DAA said:
So are you suggesting I should not purchase this as I can get good deals on it just to rent? Can someone tell me the advantages of owning a timeshare. I am unable to get the getaway deals without being an owner.
Click to expand...
Almost all the regular posters here on TUG own TS and most are very happy with our TSs. Also right now, the cost to purchase a resale TS is very low (~1/2 of what it was 2 years ago) so you can buy and get a bargain.

BUT buying in Orlando is sometimes not needed. That because although there is a lot of demand for Orlando, there is even more supply of Orlando TSs. So you can often find rentals of Orlando TS for less than the MFs that the resorts charge owners.

IMHO, if you want to go to Orlando every other year, buy a TS there. If you buy a Marriott TS, the Marriotts still have great trading power, and you'll be able to trade to the many other Marriott resorts all over the country. BUT there is a argument to be made that renting would be a very reasonable option vs buying.

Hope this helps
 
I have not closed on this property yet so that means I am unable to secure a week until I do. Will that mean I will have a problem securing a week and is Marriott required to have a week available at some time during my season? Would you suggest I bank my week for 2010? How soon would I be able to bank the 2011 week. Can you bank it in advance or do you have to wait until 2011? I know from reading the forum, I should choose a popular week for 2011 if I am going to bank it. I would appreciate any help anyone can give me on this.
 
You must log in or register to reply here.
Top