Newbie Two

[Ladyg45]

Just purchased a timeshare at the Flagship in Atlantic City. Just looking for some pros vs cons about doing this resort. Thank you

 

[timeos2]

You may want to join TUG

Never stayed at that resort but, as a TUG member, you can look at the 1/2 dozen or so reviews on file.

 

[Spence]

Just purchased a timeshare at the Flagship in Atlantic City. Just looking for some pros vs cons about doing this resort. Thank you

What does 'just purchased' mean, within the last seven days? Did you purchase from Flagship? I was a Flagship owner from a cheap resale purchase. Not enamored with AC and even though it was an early summer week I didn't find much demand for it as a trader or as a rental. Ended up selling to someone associated with the resort for 200% profit. Good luck, if the answer to the questions above were yes, I'd rescind.

 

[Ladyg45]

just out of the 7 days

It is very close to home. Thinking it would work as a short hop. The price of gas. I can get there with less than a 1/4 tank. Hit the boardwalk,catch a show or two. I am thinking I can learn with this one and my children can also use it.

 

[Spence]

It is very close to home. Thinking it would work as a short hop. The price of gas. I can get there with less than a 1/4 tank. Hit the boardwalk,catch a show or two. I am thinking I can learn with this one and my children can also use it.

What exactly did you buy? Owners do get preferential rates for extra time.

 

[Jya-Ning]

It is very close to home. Thinking it would work as a short hop. The price of gas. I can get there with less than a 1/4 tank. Hit the boardwalk,catch a show or two. I am thinking I can learn with this one and my children can also use it.

Since you purchase to use, and you do like the resort, so there is much less con side. With the distance, you should be able to use any extra benefits they provide for retail purchaser. Your maybe able to find some friends who may also interest in take a trip there for a show or something, thus reduce your MF. with only one TS and most use by yourself, you can easily find friends that way, so you can reduce your risk. With Poker suddenly becomes populate, that area maybe more attractive than before. You did not purchased it for exchange, thus you can use it for all the overbuild area if you get tired to spend time there. And most of the time, overbuild area means there are activities, and from the reason you purchase this TS, look like you will enjoy them.

You did have mortgage on it, so it increases your risk and make owning less finacial benefit. You need to know that TS is buyer's market, thus, if you need to get rid of it in a quick time, you will have great loss. If you hold it, try to find ways to payoff in a shorter timeframe or find other ways to finace it. But you need to make sure your reasoning of buying is honest and sound to you before try to find another way to refinace it.

You already pass 7 days, so just try to understand their system, and try to find out all the extra they will give to you as owner and if you happen can enjoy them try to take as many as possible.

Jya-Ning

 

[Ladyg45]

What exactly did you buy

What exactly did you buy? Owners do get preferential rates for extra time.

Purchased 1 bedroom at the Flagship: floating red week.

 

[Ladyg45]

Thank you

Since you purchase to use, and you do like the resort, so there is much less con side. With the distance, you should be able to use any extra benefits they provide for retail purchaser. Your maybe able to find some friends who may also interest in take a trip there for a show or something, thus reduce your MF. with only one TS and most use by yourself, you can easily find friends that way, so you can reduce your risk. With Poker suddenly becomes populate, that area maybe more attractive than before. You did not purchased it for exchange, thus you can use it for all the overbuild area if you get tired to spend time there. And most of the time, overbuild area means there are activities, and from the reason you purchase this TS, look like you will enjoy them.

You did have mortgage on it, so it increases your risk and make owning less finacial benefit. You need to know that TS is buyer's market, thus, if you need to get rid of it in a quick time, you will have great loss. If you hold it, try to find ways to payoff in a shorter timeframe or find other ways to finace it. But you need to make sure your reasoning of buying is honest and sound to you before try to find another way to refinace it.

You already pass 7 days, so just try to understand their system, and try to find out all the extra they will give to you as owner and if you happen can enjoy them try to take as many as possible.

Jya-Ning

Planning to pay mortgage off very quickley. The interest rate is much to high at 18%.

 

[Spence]

Purchased 1 bedroom at the Flagship: floating red week.

Floating Red doesn't float all of Red I don't believe, the best Red weeks are fixed (summer) and then the rest are really 'pink' and can't get you the summer months. Maybe you have something different.

 

[Spence]

Atlantic City Flagship Resort,
1BRsuite, sleeps 4, kitchenette, near casinos,
eBay Item number: 220060358133

Not my TS, not my auction
Wk28 summer $2500 no bids

 

[bogey21]

Another Flagship Ebay option is #120062883341, Floating Red 1 bedroom, 1 bath. Current bid is $71 with 22 hours to go. Closing costs are only $198! Also not my auction but I did buy a Week from the Seller last year.

GEORGE

 

[Spence]

Another Flagship Ebay option is #120062883341, Floating Red 1 bedroom, 1 bath. Current bid is $71 with 22 hours to go. Closing costs are only $198! Also not my auction but I did buy a Week from the Seller last year.
GEORGE

I'd steer clear of that one, in the 'description' seller says it's a week 26, then the Legal Description says it's a RED Float. Then in the Q&A it says it's a Float. As I alluded to earlier, I don't think a RED Float floats in the prime summer months, those are sold as fixed weeks.

Add: Although the OP might want to go for it as it appears to be exactly what they bought, then their average cost would be almost half as this one is almost $0.