Sure, listening to the sales pitch might be worth a free night’s stay, but if a purchase is being seriously considered, the offer should be thoroughly examined first.
One Couple’s Timeshare Experience
A young couple planned on vacationing primarily in Dallas, so they considered an Dallas timeshare purchase with the option to trade for a stay at an affiliate property on occasion. They listened to a timeshare presentation and then did some homework with the help of real estate companies in Dallas.
Their negotiations resulted in a timeshare offer for an 1191 sq ft, one bedroom suite with a jetted tub and full kitchen, for $10,000. The timeshare amenities included basketball and tennis courts, 2 pools, fitness center, internet, and desert trail activities.
Their total annual costs for the first 10 years (duration of financing) were estimated to be approximately $2095, not counting the occasional $150 fee to trade destination properties. This included the loan payments ($1672), Annual HOA fees ($373), and annual Exchange fee ($50).They decided to compare this offer to staying at a resort, renting a timeshare, and buying someone else’s timeshare interest. Contonue Reading Should You Buy a Timeshare as a Celebrity? Is Timeshare Ownership a Good Investment?