Buying resale timshare

Why are resale RTUs so drastically less than some of the timeshare presentations I have been to?

Because the timeshare developers make large profits and the sales people also get large commissions, all of which comes out of your purchase price.

jd331 wrote:

Why are resale RTUs so drastically less than some of the timeshare presentations I have been to?

RTU = 'Right To Use' for a certain number of years .... you don't actually own anything such as a deed .... you only own an agreement until it expires.

i went to a presentation at polo towers las vegas it is part of iamond resort , i asked the salesman that why should i buy from you, i can buy from market place much cheaper,he replied we will mark your record with --R-- and you will not be able to exchange or get in because the moment thier associates bring up R marked they will treat you at a very low priority and you will not be able to getin, exchange .you will have to pay heavy fees to convert into point system. i told him cant i exchange with rci people , he replied no we dont except rci exchanges , then i called vacation club sales person he said vacation club eliminates all the timeshare problems. i am new to this system i am retired i will travel 6-7yrs more, can somebody advise me my options. thanks

First rule is that when a timeshare salesman's lips are moving he is lying. They will try every tactic to sell you something at their inflated price. NEVER buy from a developer. You can get a better deal from someone off a site like redweek. Don't be intimidated by their lies.

question still remains can they legally stop me from exchanging if that is the case then timeshare will be transferred in my name i cannot go any where and i am paying fees every yr.

satnamb wrote:

question still remains can they legally stop me from exchanging if that is the case then timeshare will be transferred in my name i cannot go any where and i am paying fees every yr.

I know we're not your second grade teacher but punctuation and capital letters would help make your post more understandable and readable.

So, do you currently own a timeshare? If so, did you go to this timeshare presentation as an owner at that resort?

lancec13 wrote:

satnamb wrote:

question still remains can they legally stop me from exchanging if that is the case then timeshare will be transferred in my name i cannot go any where and i am paying fees every yr.

I know we're not your second grade teacher but punctuation and capital letters would help make your post more understandable and readable.

So, do you currently own a timeshare? If so, did you go to this timeshare presentation as an owner at that resort?

NO i do not, i went to presentation to learn and buy , but i am confused about timeshare market place,resort owners are asking very high prices, while timeshare owners are selling at very low prices or even giving to charity because they cannot afford fee, resort owners are restricting them by not allowing them exchange etc.etc . Net result is i am holding my decision till i am clear about the market place and process.That is why i joined Redweek and discussing to clarify.

No! They cannot stop you from exchanging. When you purchase from a current owner you receive the deed. Exchanges are done through Intervalworld.com or RCI; I am familiar with Interval. With regular Interval membership you are able to deposit your week and exchange for other places (your week for a week elsewhere). If you are an Interval Gold or Interval Premium member you are able to deposit your week and exchange for 2 shortstay weeks i.e. 2 separate weeks not to exceed 6 days per stay, because if you stay 7 days then you used up your week. For example I owned a VA Beach during a low season (early February) so I usually deposit my weeks and do 2 shortstays elsewhere and I am not restricted to just that time period.

Hopes this help!

Julian David

satnamb wrote:

lancec13 wrote:

satnamb wrote:

question still remains can they legally stop me from exchanging if that is the case then timeshare will be transferred in my name i cannot go any where and i am paying fees every yr.

I know we're not your second grade teacher but punctuation and capital letters would help make your post more understandable and readable.

So, do you currently own a timeshare? If so, did you go to this timeshare presentation as an owner at that resort?

NO i do not, i went to presentation to learn and buy , but i am confused about timeshare market place,resort owners are asking very high prices, while timeshare owners are selling at very low prices or even giving to charity because they cannot afford fee, resort owners are restricting them by not allowing them exchange etc.etc . Net result is i am holding my decision till i am clear about the market place and process.That is why i joined Redweek and discussing to clarify.

satnamb wrote:

NO i do not, i went to presentation to learn and buy , but i am confused about timeshare market place...That is why i joined Redweek and discussing to clarify.

You were very smart not to buy anything at one of those developer sales presentations. You were also very smart to join RedWeek to try to learn some ins and outs of buying, selling, renting, and owning timeshares.

Going to one of these presentations to learn is not wise. All they will tell you is how great it is to own there while totally hiding the perils and pitfalls of buying/owning.

Take lots of time to examine your options (including renting) before jumping into the timeshare ownership pool. Any "deal" that those developers are pitching you (contrary to what they tell you) will still be around tomorrow, next month, and even next year.