I am considering buying a resale timeshare, and I think that I want to do it with one of the points systems. I am new to this. Which one of these is the best? I am considering Bluegreen. What do you think? I am considering points because of the trade fees I want to stay away from. We are basically looking to buy a resort that we can trade, not stay at every year.
rickf113 wrote:I am considering buying a resale timeshare, and I think that I want to do it with one of the points systems. I am new to this. Which one of these is the best? I am considering Bluegreen. What do you think? I am considering points because of the trade fees I want to stay away from. We are basically looking to buy a resort that we can trade, not stay at every year. There really is no stand out "best" Points system. All have some good features and some not-so-good features. Bluegreen would certainly NOT be among my first choices, however, since availability is quite limited with BG points and BG resale prices seem (to me, anyhow) to be artificially high, for no apparent good reason.
My wife and i have recently purchased a timeshare from bluegreen and we are probably not going on a vacation this yr. due to some health issues. We were wanting to know how do you know how much your points are worth?
I have had Blugreen Points. I am sorry to say they are only worth what someone is willing to pay. The web is full of places you can get them for next to nothing. i am not sure if you bought your points right from the resort or the resale market. hopefully the resale market. If not be sure before you get tricked into bying any more. Buy them off ebay. Actually most those owners you can call them and they would be more than happy to just give the entire thing to you.
It would be like buying a deeded week .... if the seller has booked his points for the year (ie: 2013) then you would not be responsible for paying them since you can't used the points in 2013 ..... you (the buyer) would then be responsible for the next years' (ie: 2014 and subsequent years') maintenance fees.
Buying points directly from Bluegreen or other timeshare company is like buying a new car. It is not worth the money you paid for it once it is titled in your name. A large portion of what you pay is for commission to the salesman, etc. If you have done your homework and still decide Bluegreen is what you want in the way of vacation time then buying resale is the only way to go. It will save you a lot of money and the questionable benefits you would derive from buying through the company are just that.... questionable. I would suggest at some time however, that you go through a sales presentation to find out exactly what benefits you would get and decide if those are worth the extra money to you personally. The big thing to decide is what level of points is right for you and not having access to points charts makes it a bit difficult. I would be happy to lend some assistance in this regard but going through a BG sales presentation will give you a better idea and the salesperson certainly can help with that also. Just remember that they will OVER-PROMISE and UNDER-DELIVER when trying to sell you points. Get your information THEN go to Ebay or Redweek resales for your points. Timeshare laws state that they must treat you like any other owner regardless of where you came by your points.... except for the, so called, "benefits". With Bluegreen it doesn't matter to what resort the points are attached. Points are points and they can be used at any resort; maintenance fees are calculated by points and so are accommodations (location, week, and unit size, etc.). Bluegreen also has a membership fee charged to owners in addition to maintenance fees. I own 3 different companies - Marriott, Bluegreen and Wyndham and of the three I prefer Wyndham. They offer more locations than BG and more flexibility than Marriott for the cost (my opinion) but there are drawbacks in every system. Good luck and happy vacationing.
Most of your points are well taken. I have owned four timeshares (two in each location) for about 30 years. A couple of rules - do your homework first. NEVER attend a sales presentation - no matter what goodies they may dangle in front of you. I've been asked to when trading to another timeshare (directed to the desk to pick up my parking tag) and I've told them I have four and am "maintenance fee poor". One suggested rule - if you want to buy - buy within a day's drive of your home - many want overseas or HI and then need the transportation to get there all the time. Make sure the week (if its a week deed - not points) is at a time you desire and may possibly make it easier to discard in the future if you desire. I picked up one in December at the beach for all the Christmas festivities. Check to see if the Timeshare has a deedback program where you can be assured you can return it in future years if you tire of it. Always check with Timeshare Users Group (tug.com). It has saved many people thousands that were ready to buy at a presentation and it has a robust resale area among its subscribers. They give you everything straight so you can make a sound decision. If you decide to trade - focus more on whatever high quality timeshare available anywhere - not a specific destination. Find all the interesting sights and things to see around it and you'll be much happier. Finally - you are never buying in hopes of making a profit (you won't) - you are buying as an investment in the travel that you yourself find rewarding. Oh - and talk to those you plan to put in your will first to see if they are interested in having your timeshare. If not specified - you are the owner and when you die no one can force your family to continue maintenance payments if not wanted.
Disney Vacation Club (DVC) is one of the good ones, although even for DVC I recommend buying on the secondary market rather than directly from Disney. One very nice thing about Disney's timeshares is that it is trivially easy to rent out your DVC points for 2-3X as much as your annual maintenance fees, either by using one of the several sites that act as rental agents or doing it yourself via Facebook or similar....
Disney Vacation Club (DVC) is one of the good ones, although even for DVC I recommend buying on the secondary market rather than directly from Disney. One very nice thing about Disney's timeshares is that it is trivially easy to rent out your DVC points for 2-3X as much as your annual maintenance fees, either by using one of the several sites that act as rental agents or doing it yourself via Facebook or similar. My family has only visited once in the twelve years since I bought (quite a few) DVC points -- every other year I've rented out the points for a nice paycheck.
It's pretty clear that there are two separate Timeshare experiences (sleazy high pressure sales, and well-researched resale) just as there are two ways of staying at expensive hotels: well-researched Points and Miles, or lamb to the slaughter. Ben has got a new convo going here, which has aroused a mild interest in the potential of a bargain. Obviously buying a new timeshare during a sales presentation is like paying for everything with Debit and paying cash for First Class air travel, without providing a loyalty number to earn points. As with our Point/Miles game, the premise is to prey upon the misfortunes of others ;-), but sadly the victims in the timeshare racket are the dupes that bought them, instead of large corporations. Caveat Vendor
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