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Timeshare question
Posted on 8/28/24 at 8:24 pm
Posted on 8/28/24 at 8:24 pm
If you had the opportunity to take over a timeshare with no up front costs, just the annual fee. Is there any downside? We were talking about them and it seems that's the kicker, are those right to buy upfront expenses. Thanks in advance. 
This post was edited on 8/28/24 at 9:52 pm
5
Posted on 8/28/24 at 8:34 pm to mpar98
Personally I would never touch one. I am not planning my vacation around availability and not paying for something that I might not be able to use due to real life issues. I really don't know much about them so take my thoughts with a grain of salt.
Posted on 8/28/24 at 8:35 pm to mpar98
Lol, no.
Posted on 8/28/24 at 8:37 pm to mpar98
You will be back here in 2 years wondering how to get rid of that timeshare.
There is a reason for no upfront costs. Someone is trying to dump their pile of shite on you.
There is a reason for no upfront costs. Someone is trying to dump their pile of shite on you.
Posted on 8/28/24 at 9:51 pm to 2 Jugs
What if it was paid for and you got the deed then only was the maintenance fee?
Posted on 8/29/24 at 5:35 am to mpar98
Not a chance. It will never just be the maintenance fee. They can and will add "assessment fee" whenever they want to. I believe timeshares are a terrible thing.
This post was edited on 8/30/24 at 6:17 am
Posted on 8/29/24 at 5:50 am to mpar98
Do you know the owner? If they claim it's only the maintenance fee, offer to pay that over. set term (say 3-5 years) then reevaluate.
Posted on 8/29/24 at 6:02 am to mpar98
There is no way to know what this timeshare will cost for the duration that you own it. Maintenance fees and whatever bullshite they add will go up forever.
There are no circumstances that would allow me to buy/own a timeshare. None.
There are no circumstances that would allow me to buy/own a timeshare. None.
Posted on 8/29/24 at 6:48 am to mpar98
In addition to the maintenance fees, you may be responsible for property taxes, special assessments, and membership fees, probably others. You’d also have the general time share issues/downside including lack of flexibility, potential property decline, inability to transfer, and lack of transparency.
I have zero interest in owning one. And there is a simple reason you hear so many ads for services offering to help people get out of them: people want out of them.
I have zero interest in owning one. And there is a simple reason you hear so many ads for services offering to help people get out of them: people want out of them.
Posted on 8/29/24 at 11:42 am to mpar98
From experience it is one of the worst ideas I have ever had for "annual sunmer vacation".
Those fools are almoat as bad as used car sales. They will nickle and dime you over time until you get to the point you will call Wesley Financial Group and Chuck McDowell will take care of it but you will be paying them too.
I vote NO! Trust me.
Those fools are almoat as bad as used car sales. They will nickle and dime you over time until you get to the point you will call Wesley Financial Group and Chuck McDowell will take care of it but you will be paying them too.
I vote NO! Trust me.
Posted on 8/29/24 at 1:29 pm to mpar98
quote:ask yourself why the party on the other side of this transaction is making this kind of offer
What if it was paid for and you got the deed then only was the maintenance fee?
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