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I was offered a timeshare. Should I take it?

Posted on 12/28/24 at 8:42 pm
Posted by Seaux_cal_tiger
Member since Sep 2016
420 posts
Posted on 12/28/24 at 8:42 pm
My neighbor is offering to transfer ownership of her timeshare to me at no cost. She has already paid it off, however I would be responsible for the annual fees which is approximately $1,000/yr. timeshare is through Wyndham. She said it is150,000 points annually and the points are valid every even year.

I don’t know much about timeshares but when I google it, pretty much every thing I read says stay away. But, it seems like so many people have a timeshare so it must not be all that bad?

Help me out here. Someone with timeshare experience give me some advice.
Posted by GruntbyAssociation
Member since Jul 2013
6560 posts
Posted on 12/28/24 at 8:43 pm to
No
Posted by TigerBait2008
Boulder,CO
Member since Jun 2008
35228 posts
Posted on 12/28/24 at 8:43 pm to
No next question
Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
8372 posts
Posted on 12/28/24 at 8:44 pm to
Where at?
Posted by 0x15E
Outer Space
Member since Sep 2020
14351 posts
Posted on 12/28/24 at 8:44 pm to
Crazy that people still fall for these
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
69990 posts
Posted on 12/28/24 at 8:44 pm to
quote:

I was offered a timeshare. Should I take it?
Gosh, did it seem too good to be true?

What’s the general rule about things that seem to be too good to be true?
Posted by nicholastiger
Member since Jan 2004
50336 posts
Posted on 12/28/24 at 8:45 pm to
Do it
Posted by LongDucDong911
Member since Jan 2024
336 posts
Posted on 12/28/24 at 8:45 pm to
Great opportunity. I see no reason to not jump on that offer.
Posted by GruntbyAssociation
Member since Jul 2013
6560 posts
Posted on 12/28/24 at 8:45 pm to
Annual fees can and usually do increase.
Posted by ELVIS U
Member since Feb 2007
10892 posts
Posted on 12/28/24 at 8:45 pm to
Disney Vacation Club, yes; Marriott Vacation Club, maybe; Wyndham, NO
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
36194 posts
Posted on 12/28/24 at 8:45 pm to
Stay away. The fine print can br brutal. My advice, if you want something along these lines, is to form an investment group and buy a property. Set your own rules and gain equity
Posted by Big Jim Slade
Member since Oct 2016
5907 posts
Posted on 12/28/24 at 8:48 pm to
So your neighbor fully paid it off and wants to walk away for nothing, to avoid $1000/yr in fees. Sounds legit with no catch whatsoever.
Posted by VABuckeye
NOVA
Member since Dec 2007
37479 posts
Posted on 12/28/24 at 8:49 pm to
So, if I read right you get 300000 points every two years at a Wyndham resort. Factor the $2000 for two years and I bet you can stay at a pretty decent hotel for a week for that $2000.

This is an easy no.
This post was edited on 12/28/24 at 8:50 pm
Posted by Spankum
Miss-sippi
Member since Jan 2007
58355 posts
Posted on 12/28/24 at 8:49 pm to
You can get a lot of hotel rooms for $1,000 per year….

That said, one of my coworkers has a timeshare through Wyndham and he loves it. You have to use a timeshare a hell of a lot to be worth it.
Posted by potent357
Prairieville
Member since Jan 2010
4137 posts
Posted on 12/28/24 at 8:50 pm to
Google Chuck McDowell.
Posted by Ric Flair
Charlotte
Member since Oct 2005
13820 posts
Posted on 12/28/24 at 8:50 pm to
Multiple listings of these on eBay for a dollar with no bids. Here is one with 500k points

LINK
Posted by Havoc
Member since Nov 2015
33953 posts
Posted on 12/28/24 at 8:51 pm to
frick YES.
Posted by Splackavellie
Bayou
Member since Oct 2017
11204 posts
Posted on 12/28/24 at 8:52 pm to
Absolutely you should do it. That sounds like a pretty good deal. Almost as good as the one I got when I bought my timeshare AND was given a set of pots and pans for sitting through the presentation.
Posted by jellyfish
Oxford, MS
Member since Oct 2009
2020 posts
Posted on 12/28/24 at 8:52 pm to
No and I didn’t even read the post.
Posted by Ric Flair
Charlotte
Member since Oct 2005
13820 posts
Posted on 12/28/24 at 8:54 pm to
Did your neighbor at least have the curtesy to give you a free 3 day vacation when they gave you the offer?
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