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Westgate opinions wanted [merged]

maddog497

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Just signed up and this is my first post so go gentle.

We have friends that have a TS in Orlando and love it. I know that TS's are love it or hate it. We have been trying to educate ourselves before making any decision either for or against them.

We would never buy one from the resort as we have already figured out the real value of them and acknowledge they are not a rel-estate investment, they are a vacation investment.

Now to the questions?
1 - We have seen a listing with follow piece of information. 6 weeks deposited w/ Interval are available.
Could someone explain to us what this means? I think we have figured out that there are 6 weeks banked (not sure that is the proper term).
2 - What is involved in using these weeks, as in fees etc?

Education is a powerful tool and we have found a ton of information in the last couple days reading this forum.

Thanks Jim
 

DeniseM

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Hi and welcome to TUG!

Can you give us a little more info. please about the timeshare-

Resort name
Size of unit
Season or fixed week that they own
Are you considering buying it? Price?

It sounds like the owners have deposited 6 weeks with II, but those weeks will stay in their II Acct., after you buy the timeshare. The II Acct. doesn't transfer to you.

Also, with 6 weeks deposited with II, I'm guessing that many of them are close to expiring.

Sometimes you can get II to give you a replacement week to transfer the deposits to your Acct., but in general, a replacement week from a Florida timeshare will not have strong trading power.

The fees can vary depending on the resort, but here are the basic II fees:

Yearly menbership:
1 year - $89.00
2 year - $178.00
3 year - $227.00
5 year - $356.00

Exchanges made over the Phone-
Domestic - $159
International - $174

Exchanges made Online-
Domestic - $149
International - $154

Right now, it is very easy to pick up free timeshares in Florida, so even if this is free, it may or may not be a good deal. Florida has far more supply than demand, so that hurts their trading power, and that's why you can get free timeshares in Florida at even the top resorts.

If you can provide some more details, we can help you figure out if this is a good deal for you.
 

maddog497

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Thanks for the quick response and the welcome.

The resort is Westgate Lakes and resort and is a 3br lockout. (we are familiar with this resort as we had our friends take us there for a short tour)

Here is a copy of the listing.

012 Maintenance Fees and Taxes already paid!

6 weeks deposited w/ Interval are available.

Week 12 is sometimes Easter week and trades well w/ Interval. Week(s) for March 2012 available for use or deposit. (Can trade for a week of 3BR/lockoff, OR for a week of 2 BR PLUS a week of one BR.)


The selling price is $100.00. I have emailed the seller to find out any other costs to close. Although this isn't the cheapest it isn't much either.

Thanks again.
 
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cedars

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You need to find out what the maintenance fees are and are there any special assessments coming up. Good luck, MaryAnn
 

DeniseM

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I would pass on this one. To be quite honest with you, this management company is not well thought of on TUG, because of the way they do business and treat their owners.

Also - it's not even worth $100 - you will find these weeks for sale on ebay for $1 with no takers.

With a fixed week 12 - you have to either use that week, or trade it. Week 12 is the last week in March - in the next 15 years, Easter will only fall during that week 3 times. If you are looking for a strong trader, you can do much better.

As I said in my original post, the 6 deposits cannot actually be directly transferred to you, and they won't have strong trading power. You may be able to get some replacement weeks, but with 6 deposits, some of them are bound to be close to expiring.

My advice is for you NOT to buy this timeshare. Instead, take at least 6 mos. to study the market and figure out what's best for you. We can help with that.

Here are some questions for you to answer that will help you (and us) clarify what your timesharing goals really are. (Click "quote" and the questions will come up in a new window for you to answer.)

1) Where do you want your home resort to be?

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?

3) What are your 5 top trade destinations?

4) How many people do you usually travel with?

5) Can you travel any time, or are you locked into the school schedule?

6) Can you make firm plans 12 or more mos. in advance?

7) Can you vacation for a full week at a time?

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?

9) How much can you afford to spend upfront, without financing?

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?

11) Are you a detail oriented planner?

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?
 
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maddog497

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Thanks for the replies.

Maintenance fees are $760 and haven't get to the special assessment question yet.

Thanks for the heads up on this offer. We are not impulsive people and would not make any purchase without proper research.

We have been renting vacation homes for the last 4-5 years and are in one right now. My wife likes the idea of the exchange program , but it appears that is not as easy as they may make it out to be.

We have some disposable income and would consider purchasing without any financing. We have also looked (somewhat briefly) at purchasing and renting out a property in Orlando ourselves, but that is for another forum.

When we return home I will take the time to use this resource to continue our education.
 

maddog497

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Westgate opinions wanted

I keep hearing how bad Westgate is and to stay away. We have stayed there with friends (they own a 2 bedroom with loft) and enjoyed it. They have had theirs for just over 5 years and haven't one bad thing to say about it. They have considered even buying additional weeks.

I would never pay retail but would be interested in your feed back as we are considering getting one here for next to nothing. We understand the real value is the use of it not the actual property.

We would be interested in exchanges and also using the unit itself from time to time.

Before we take the plunge (if we do) could you please let me know your concerns with Westgate (other than their high pressure sales tactics).

We fully understand that this is a love it or hate it topic but please be specific as possible.

P.S. If this is the wrong place to post this please move.
 

DeniseM

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Since this question is directly related to your other thread, I merged the two so Tuggers can see what's already been asked and answered.
 

maddog497

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Thanks, DeniseM.

As you can see I am still educating myself.

Jim
 

DeniseM

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theo

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My $0.02 worth...

... could you please let me know your concerns with Westgate (other than their high pressure sales tactics).

There is nothing inherently wrong with the actual Westgate properties themselves.
That said, the company CEO is (imho, anyhow) a despicable and slimy weasel, who has recently filed for personal bankruptcy, has been formally accused of workplace improprieties and is (again, just imho) generally unworthy of the title "human being". In addition, Westgate has "unusual" (read "very owner-unfriendly") practices in regard to owner usage and reservations.

Resale timeshares are quite literally "a dime a dozen" these days. Why on earth would you even think about voluntarily associating yourself with an outfit with the likes of David Seigel at the helm? It's certainly your choice and your prerogative, but I personally wouldn't touch a Westgate ownership with a ten foot pole, even if I was paid significant amounts of tax-free cash to do so. YMMV. :shrug:
 

timeos2

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There is nothing inherently wrong with the actual Westgate properties themselves.
That said, the company CEO is (imho, anyhow) a despicable and slimy weasel, who has recently filed for personal bankruptcy, has been formally accused of workplace improprieties and is (again, just imho) generally unworthy of the title "human being". In addition, Westgate has "unusual" (read "very owner-unfriendly") practices in regard to owner usage and reservations.

Resale timeshares are quite literally "a dime a dozen" these days. Why on earth would you even think about voluntarily associating yourself with an outfit with the likes of David Seigel at the helm? It's certainly your choice and your prerogative, but I personally wouldn't touch a Westgate ownership with a ten foot pole, even if I was paid significant amounts of tax-free cash to do so. YMMV. :shrug:

Agreed 110% with that last part.

Somehow Wastegates are never as nice as they seem to e when they walk you through the carefully prepared model units built to wow. When you actually get to stay in a standard unit it doesn't measure up. And maintenance is near zero despite big fees paid as all the money goes toward new construction/buildings even though that isn't legally allowed. Mere laws and regulations don't seem to apply to Wastegate as that corrupt group sees it.

Stay as far away from them as possible and you'll never regret it. Deal with them in anyway - even a simple stay at one of their hovels resorts and you'll likely wish you never heard of them before long. Steer clear is the best advice out there.
 
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I actually stayed there over NYE and even took the tour.

The #1 problem is that the tour showed us the gorgeous NEW units, but the unit we stayed in was the very dated old units.

Thus, if you are happy with the older building, the $100 fee is nothing, as long as you can use it and get value just paying dues.

On the other hand, I would only buy a floating week and NEVER a fixed week.
 

maddog497

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I actually stayed there over NYE and even took the tour.

The #1 problem is that the tour showed us the gorgeous NEW units, but the unit we stayed in was the very dated old units.

Thus, if you are happy with the older building, the $100 fee is nothing, as long as you can use it and get value just paying dues.

On the other hand, I would only buy a floating week and NEVER a fixed week.

We are emailing back and forth right now for a 4 bedroom lockout. My wife isn't completely convinced yet. I am interested in this as it can be converted into 3 weeks of vacation with II and or RCI. (at least this is my understanding). We both have worked and hard are completely debt free, house and everything. Having a TS may be just the ticket to make us slow down and actually take some vacation time.

We stayed with friends at westgate villas in 2008 as they have a two bedroom with loft. It was clean and comfortable.

I am of the mind set, that if we do go ahead we shouldn't have as much worry about the bait and switch for a worse room as there are only so many 4 bedroom units.

I am concerned with all the negative feedback for Westgate but again, not sure how often we would stay there. I guessing once every 3,4 years.

We already have friends wanting to rent it from us next year.

We have been very comfortable renting vacation homes with their own pools and are just trying to weigh the pros and cons and in this particle insistent Westgate itself.

Keep them coming, thanks.
 

bocamike

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I have been a Westgate owner for about 5 years, Westgates Painted Mountain Resort in Mesa AZ. Have not run into any problems thus far with Westgate. I own about 10 timeshares and this one have been the least trouble. I have never stayed at Painted Mountain, I reserve either spring break week or holiday
week and have always rented the week for more than my maintenance fee.

I would not hesitate buying a fixed week 12 in Orlando. Week 12 is usually spring break week for the entire midwest plus other parts of the country. Also $760 in maintenance fees for a 3 bedroom seem reasonable compared to some like the Sheratons who have maintenace fees ranging 1000-1600 for a 2 bedroom in Orlando.
 

pnappleprincess

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My parents have owned at Westgate Town Center since the late 90's. When I found TUG I asked the same question. My family has gone there for years and we have loved our stays - but that is because we own at a place that we visit every year. We never had an "issue" until we starting trying to go other places.

Here are my opinions:

1 - I do agree that the sales people are oh so high pressure. To the point that it is ridiculously annoying.
2 - MF keep going up (they have doubled since my parents initially bought)
3 - Westgate keeps building and building and building even though there appear to be so many on the market. With their fees going up, I wish they would spend their money improving the resort and their existing units.
4 - Trading power does not seem to be very high with II
5 - And this is just personal - but I feel the quality of the owners is declining.

disclaimer: These opinions (esp #4) may have to do with my lack of knowledge and not so much the resort itself. I too am still learning as much as I can and the people here on Tug have a wealth of information!!!
 

pnappleprincess

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One more thought

I concur with the pp on the MF. Our MFs for a 3 bedroom lock off are around 1K if you wanted to compare.
 

jasavak

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Westgate great bargain with reasonable maintenance fees

I have been a Westgate owner for about 5 years, Westgates Painted Mountain Resort in Mesa AZ. Have not run into any problems thus far with Westgate. I own about 10 timeshares and this one have been the least trouble. I have never stayed at Painted Mountain, I reserve either spring break week or holiday
week and have always rented the week for more than my maintenance fee.

I would not hesitate buying a fixed week 12 in Orlando. Week 12 is usually spring break week for the entire midwest plus other parts of the country. Also $760 in maintenance fees for a 3 bedroom seem reasonable compared to some like the Sheratons who have maintenance fees ranging 1000-1600 for a 2 bedroom in Orlando.


I agree, and would jump on this Westgate deal with the banked weeks. We have owned at Westgate Town center and have made good trades with it . The resort is clean with a very friendly staff. Also the maintenance fees are very reasonable . This is one of the best timeshares to own. Other timeshares often charge $1,300 in fees and are located in places that cost $2,000 to fly to .
 

Kola29

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We are emailing back and forth right now for a 4 bedroom lockout. My wife isn't completely convinced yet. I am interested in this as it can be converted into 3 weeks of vacation with II and or RCI. (at least this is my understanding). We both have worked and hard are completely debt free, house and everything. Having a TS may be just the ticket to make us slow down and actually take some vacation time.

We stayed with friends at westgate villas in 2008 as they have a two bedroom with loft. It was clean and comfortable.

I am of the mind set, that if we do go ahead we shouldn't have as much worry about the bait and switch for a worse room as there are only so many 4 bedroom units.

I am concerned with all the negative feedback for Westgate but again, not sure how often we would stay there. I guessing once every 3,4 years.

We already have friends wanting to rent it from us next year.

We have been very comfortable renting vacation homes with their own pools and are just trying to weigh the pros and cons and in this particle insistent Westgate itself.

Keep them coming, thanks.

Let me (a Westgate owner- prime July weeks) comment on some of the points you and others raised.
a) Since you are buying resale the pressure tactics of the Westgate sales staff is a non-issue. You won't deal with them unless you will be 'tempted' to attend their 'owners' meeting' when you stay there. Also, let's be fair, professional sales crews in most resorts use high sales pitch. This is not unique to Westgate. Try one of Marriott's resort in Orlando ! Make sure you have some Aspirin with you.

b) You are looking for a four bdr. lock-offs. Good for you if you really need it (big family, friends, etc.) Keep in mind your annual maintenance and taxes will be considerably higher. Westgate insists on M/T being paid in advance each year before January 1st. Otherwise interest applies. You cannot trade or deposit your week (or split) with II unless your M/T are fuly paid IN ADVANCE.
I know people who, having locked-off studios, cannot get anything decent.
Also renting a four-bdr unit will be a challenge. You don't want to rent your unit to a group 15 young people and be liable for damages.

c) Its true, M/T at Westgate have been increasing every year. I don't like it either, but relative to other Orlando T/S resorts, the fees are not excessive. Again, make sure you compare M/T fees charged by the more "upscale' Orlando T/S like Marriott's, HGVC, etc. I am very familiar with ALL Orlando Marriott's resorts, we have stayed in each and every one of them using II Getaway weeks off-season. Yes, we like Getaways ! There are features we like about Marriott's or HGVC, others we don't like. But Marriott's and Hilton's M/T fees are way, WAY, higher than Westgate's.

d) Do Westgate weeks have a good trading power ? That depends on which resort and which week you want. Don't fall into a trap of expecting to 'always' get a good exchange. It depends where do you want to go, - and how flexible you are in terms of the week you want - sometimes you will score a hit. Some people feel its their 'right' to get a prime week in prime area in exchange, ignoring the fact that there could well be 500 others with the same 'right' even though there may well be, say, one deposit for every 100 requests ! Nobody can predict what you may be able to get at some unknown place at some undefined time in the future.
Our experience has been mixed, we had some excellent exchanges in the US, in Europe, even in Australia. But then we have also been disappointed with no availablity in some resorts we wanted to visit. Flexibility is THE KEY.
 
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