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We own a 2BR lockoff at the Marriott Grand Chateau in Las Vegas. However – we bought it BEFORE Marriott changed over to their loony *points* system. You best bet is to buy a timeshare – which I think are GREAT, if you actually are going to keep it and use it – from someone who is bailing, and selling theirs on eBay or Redweek.com or the best – http://www.tug2.net. No, you do not get *all* the bells, whistles, and trading privileges – but buy where you want to GO, and then trade online with other owners – all legal, no problem. What Marriott will want 40 grand for, you can probably get for less than a tenth of that from an independent seller. Do NOT use any old timeshare broker or real estate company – but DO use an escrow company to hold your money safely until the deal is done legally.
If you intend to buy then sell, this is NOT a good investment, and a lousy flip – but if you intend to USE it – a great deal. It will cost you an additional grand or so each year for your maintenance fee, and there are other smaller fees – but you can parlay a lock-off into TWO weeks a year, and even rent out one to recoup your annual fees. Go to http://www.tug2.net and READ about this- lots an lots of FAQ.
Added – Do not listen to anyone who has NOT bought a timeshare to USE for a long period of time. *Sideline advice* dumb – and people who bought timeshares when money was available,and NOW find that they overextended themselves, need to sell, bought at TOP price, and cannot get 100 percent of their money back, are bound to gripe – just stupid on their part. We have owned TS properties since 2004 (other people, for much longer!) and USE them all the time – for us and the thousands that do, it’s a gorgeous vacation in a great place – actually, LOTS of great places, since we trade all the time. NOW you can buy them for really cheap – and the deed is FOREVER, not must your life. Amortize your CHEAP, after-market purchase price PLUS your annual maintenance fees – you will see that for the great places you get, there is no better way to travel. NEVER BUY FROM THE DEVELOPER – that is the sucker price.
These are gorgeous places ( if you stick with a good brand name!), enormous in size, with all the amenities – you will have many memorable vacations. Good luck-and write back -I will check.
Added – it seems that people who do NOT own timeshares, all of a sudden are experts. The people who are ditching theirs are also people who vastly over-extended themselves with loans from banks, KNOWING they c would never repay them – and they probably gave money to Bernie Madoff, too. If you want to do this, are going to USE it, and do your homework about buying resale, then go fot it. You will lying on a beach every year, while the nay-sayers here are complaining that THEIR lives suck. Go read at http://www.tug2.net – ask you questions there – not among the idiots of YA.
They are not usually a good investment. You would be stuck going there every year, and even if it a great spot, you might want to go someplace else. Plus, the resort can sometimes tell the timeshare owners they need to pay more money to remodel, add things, etc.
Basically if you can afford it and go for it. And if you lovess to travel then it would work out go w you.
Oh my goodness ! NO NO NO ….they are a TERRIBLE investment….Vegas is a dying city and I know darn well what I am talking about……do not buy a timeshare anywhere you will regret it
I wouldnt
Mamianka is the only one so far that thinks a timeshare is a good idea.
NOOOOOOO DONT DO IT! Look at all the people that are trying to get rid of theirs.