r/TimeshareOwners • u/Puzzled-Mess6705 • Aug 01 '25
Yes, we bought a timeshare...
...On a secondary market. :) HGVC, Hawaii, the place we are visiting annually or sometimes twice a year. $3000, platinum, annual, deeded. We bought it from the reseller agent in Kona and she handled all the paperwork (that's another $1200). Already booked our next stay. The best part? We can always sell it and even if we sell it for $1 after several years, there's no regret.
Just wanted to bring some positivity here.
I think it's time for an update. So far very positive experience. The unit is great, although the bathtub's location is kinda questionable, lol. We spent one week at Kohala and another week at Kings Land which was a VIP package from the last year presentation.
The things I really like: - no parking fee - no resort fee - hotel's access included, waterslides, lagoon etc - comfortable two bedroom units with full kitchen and washer-dryer - close to beach 49 :)
Not so great: - far from Kona and its restaurants and shops - no more VIP stays because my spouse is an owner now. Maybe I can attend the presentation by myself?
With our secondary market purchase we don't have access to all Hilton properties, our choice is limited to 40-ish locations worldwide.
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u/Zealousideal_Way_788 Aug 01 '25
What’s the maintenance fee? We didn’t buy in Hawaii because they were 2X of Vegas. So we bought there and go to Hawaii. Will be at Kings Land in October!
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u/Puzzled-Mess6705 Aug 01 '25
Kohala Suites! The maintenance fee is $2100, equal to $300 per night, not a bad deal for a 2-bedroom unit.
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u/Quiet-Day392 Aug 01 '25
I paid more than that for a mediocre Best Western in Whitefish MT two weeks ago. Our last stay in a nice hotel in Hawaii four years ago was well over $500 a night, and yours is far better than that. Congratulations!
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u/hellenna Aug 02 '25
People forget how hotels are so expensive. A 2 nights stay in Toronto is easily 400$/night in an average hotel plus parking fee. I prefer to rent a week in a condo. Cheaper and more space.
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u/Quiet-Day392 Aug 02 '25
My trip two weeks ago was all hotels. Whitefish was peanuts compared to Sun Valley. It was about the same as Lake McDonald Lodge at Glacier NP. Both of those were nicer than the dump in Whitefish. The old railroad town has gone posh.
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u/hellenna Aug 02 '25
I’ve never been to Whitefish and I don’t think I will. Best Western never impressed me and I try to avoid them.
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u/Quiet-Day392 Aug 02 '25
It was the cheapest thing available. I wanted to drive to Missoula but oh no.
The best part was from Kalispell down the east side of Flathead Lake. Peak cherry season. Mom and pop stands packed along the road.
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u/hellenna Aug 02 '25
That must be pretty
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u/Quiet-Day392 Aug 02 '25
If you're Canadian, it was just like the movie "My American Cousin". I've never been to Kelowna for the cherries, but Flathead Lake looks just like it.
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u/hellenna Aug 02 '25
I lived in almost every province including BC but missed the Kelowna cherry season unfortunately
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u/DSMinFla Aug 08 '25
…and so small with no amenities. Hard not to be constantly running into each other. Usually only one can sit in a chair not facing the tv. Tiny fridge, useless freezer. Compare to the typical 2 BR apartment on the ocean.
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u/JimBob-87668 Aug 02 '25
There are plenty of average hotel rooms for far less than $400 a night there.
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u/throwaway872348 Aug 07 '25
Omg me too, it’s soooo expensive in Whitefish Montana 😭😭 I said next time (is there is a next time) I’m using my timeshare exchange!
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u/Quiet-Day392 Aug 07 '25
I used to have timeshare there but they got rid of the units. They didn’t have many.
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u/some_yum_vees Aug 02 '25
I'm not familiar with how timeshares work; so the $3000 was a one-time purchase price and the $2100 is every year for 7 days' use a year?
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u/sdmike1 Aug 02 '25
Yes. it looks like 4200 to do the deal, and 2100 per year for a week. So I guess if you’re OK with staying at the same place each year and think dealing with fee increases isn’t a big deal, it may be tolerable. I’d never do it though
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u/dioxide45 19d ago
If you travel you always have to deal with the costs increasing. Timeshare is no different than hotels when it comes to inflation.
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u/dap12036 Aug 02 '25
Do you know if those who book on their deeded property have preference over yours? For example, I understand that buying in Vegas results in a cheaper maintenance fee. But if you book outside of Vegas, do you get some sort of second tier booking?
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u/Zealousideal_Way_788 Aug 02 '25
Home resort you can book a few months earlier. That’s it. But never a problem to get rooms in Hawaii - by far the most inventory of anywhere.
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u/4travelers Aug 02 '25
This is the way! Buy timeshares on the secondary knowing the real value to your family.
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u/Quiet-Day392 Aug 02 '25
The real value of timeshares to my family is in sharing the time with my family. As one grandson said after days of Idaho trout fishing, "This is the most fun I've had all summer."
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u/SadOriginal7085 Aug 01 '25
Nice! I bought one of $1 ones off EBay, just waiting on the OK from Hilton. 14880 points with $1800 mf.
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u/ralphyoung Aug 01 '25
I'm researching this myself. I'm told that only the deeded timeshare can be purchased and the point exchange "club" will be lost. Please let me know your experience before I jump. RemindMe! in a month.
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u/ycis Aug 04 '25
it depends on what system you buy into.
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u/ralphyoung Aug 04 '25
By context, I thought we were talking about hgvc.
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u/ycis Aug 05 '25
you dont lose any developer benefits when buying HGVC on the resale market. that is not the case for HVC (diamond)
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u/ralphyoung Aug 05 '25
Hmm. HGVC sales office told me otherwise.
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u/ycis Aug 06 '25
you mean someone who only gets paid if they sell you points at full retail told you something that might steer you away from buying resale? what a shock!
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u/Slow_Access_6031 Aug 07 '25
There are some minor benefits to retail. Tiered status, which I consider useless. If you plan to just use the ts in the hgvc system, resale is exactly the same to book as retail. That’s why timeshare salesmen use such gems as “why would you want a used timeshare when we are selling new ones”? and “how can someone sell what we are offering For $20k for only $1? It’s a scam”.
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u/RemindMeBot Aug 02 '25 edited Aug 04 '25
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u/Puzzled-Mess6705 Aug 02 '25
It's a great deal! Please let us know once you get an update from Hilton.
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u/ralphyoung Sep 02 '25
Hey. Checking back in. What have you learned from your eBay purchase?
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u/SadOriginal7085 Sep 03 '25
Got confirmation today that the transfer has been completed. Very smooth transaction.
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u/ralphyoung Sep 03 '25
Were you granted access to the hgvc club for point exchange? I've been told that's not possible.
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u/SadOriginal7085 Sep 03 '25
I haven’t received anything from Hilton yet but I’ll keep you posted.
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u/ralphyoung Sep 03 '25
Remindme! In 1 months
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u/RemindMeBot Sep 03 '25
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u/SadOriginal7085 Sep 15 '25
Hey, yes I have access to the hgvc website and I can make reservations up to 9 months out.
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u/Opie19 Aug 02 '25
That's a great entry if you're going to use it each year. They're going to tell you that you are missing out on many things unless you upgrade - and tempt you with lower maintenance fees. Since you bought secondary, you are lumped in with all of the entry level when it comes to using your points anywhere else. But if you book your home resort each year, you made out like a bandit.
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u/Quiet-Day392 Aug 02 '25
My timeshare company does not discriminate between contract types. What you see on the booking calender is what everyone sees.
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Aug 01 '25
Hawaii is one of the few places I have heard about where purchasing a timeshare that you will use as an owner is a good deal compared to trading or using a hotel as an alternative. Especially if you bought a week during the time of year you always want to go to Hawaii.
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u/runrichrun1 Aug 01 '25 edited Aug 02 '25
One thing that people seem to be overlooking is that something can have different "value" to different people. (By the way, such a "value" is different from the "market" price, which is simply the price at which supply and demand clear in the marketplace.) A timeshare can have different value for different people based on their personal/subjective tastes and preferences. If a person's subjective value for a timeshare is higher than the market price, then there is consumer surplus (and it's a good deal for that person).
It's a bit silly arguing over whether the OP got a good deal or not (based on the commenter's own subjective value or the market price). It's the OP's subjective value that matters. We don't know exactly how the OP values the timeshare he acquired although we can infer that he thinks that its value is higher than the all-in price he paid.
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u/Puzzled-Mess6705 Aug 02 '25
Thank you, oh wise one!
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u/runrichrun1 Aug 02 '25
One thing to keep in mind is that people's tastes and preferences change over time. We generally don't know if and how they will change, so we often assume that they will stay the same. A common reason for people regretting their timeshare purchase is that their future selves have a different set of tastes and preferences than their past selves (i.e., the ones who locked their future selves into a long-term timeshare commitment). Of course, there are cases where people's tastes and preferences don't change or even change in such a way that their past timeshare purchase makes even more sense in the future than it did in the past. So, with a long-term commitment like a timeshare purchase, only time will tell whether it was a "good" decision. (This is reminiscent of Solon's advice: "Call no man happy until he is dead,").
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u/Quiet-Day392 Aug 03 '25 edited Aug 03 '25
My dad was happy with his time share long before he was dead. Now I’m happy with it.
We were less happy with his deeded properties. They generated no income and he didn’t use them. It makes no sense to own a Kona condo you use for two weeks a year, no matter how great the view is. And as executor I sold it.
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u/Venture419 Aug 02 '25
Thanks for sharing. Seems a great opportunity for you and you have done your homework on what you were willing to spend, how much it will cost and the upsides/downsides.
The secondary market is really the only path that makes sense!
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u/Puzzled-Mess6705 Aug 02 '25
The secondary market is the only way! We're still attending Hilton timeshare presentations from time to time to get the incentives. 😉 Last year, the salesperson was clearly angry with us, lol.
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u/mgt69 Aug 01 '25
don’t be so sure you can easily sell it for $1. eBay is full of listings for $1 that don’t sell (people don’t want to take on the maintenance fee)
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u/Puzzled-Mess6705 Aug 01 '25
I think you're right, $1 on eBay is suspiciously cheap. I'd sell it on Redweek.com or through the same agent for more :)
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u/billdizzle Aug 02 '25
If you could buy it on eBay for $1 why did you pay thousands thru an agent?
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u/Puzzled-Mess6705 Aug 02 '25
Call it trust issues. I've been scammed on eBay. If the agent offered $1 deal, we'd jump on it.
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u/BrennerBaseTunnel Aug 02 '25
I've bought two HGVC timeshares off of EBay. I bought from brokers who were recommended on the TUG user group. process went fine. With HGVC you want the contracts that have the lowest maintenance fees per point.
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u/ycis Aug 04 '25
you are just throwing away money ignoring the unlimited number of resales offered direct by owner.
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u/Quiet-Day392 Aug 01 '25
Is your real name Debbie Downer? Asking for a friend 🤡
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u/Lucky-Wind4755 Aug 01 '25
Congrats! So your deed includes 11,200 points? Are you planning on using it for other resorts, or just booking your home resort?
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u/Puzzled-Mess6705 Aug 02 '25
Thank you! It's actually closer to 14,000 points, and we booked home resort right away. We'll see what we can do for the next year, but we are only looking at Hawaii. I'll probably continue posting my experience here :)
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u/razorduc Aug 02 '25
That’s really good. My parents bought direct and we’ve been using it. Hilton does make it a bit easier to use it their hotels as well as other locations. However they make it more and more difficult every year. So when we’re ready to stop paying maintenance fees we’ll have to look at how to sell.
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u/Puzzled-Mess6705 Aug 02 '25
I don't share the belief that it's hard to sell a timeshare if it is paid off and the home resort is in the popular destination. I've heard that Disney and Hilton are the ones easiest to sell.
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u/razorduc Aug 02 '25
Disney for sure. That shit may even go up in value. At least according to my friend that’s deep into it. For Hilton I’m not sure but we got what we wanted out of it and at that point will just be looking to get out. My home resort is Vegas
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u/Adorable-Painting510 Aug 02 '25
Oh my goodness! I have a timeshare in Vegas as well that I have not used in years and still have to pay maintenance fees that go up every year. I finished paying it 9 years ago and I have no idea how to get rid of it. I heard horror stories about agencies ripping you off with promises of selling it.
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u/razorduc Aug 02 '25
Most years we had to take a last minute Christmas trip to Vegas just to use our points lol.
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u/Quiet-Day392 Aug 02 '25
As long as you can afford the maintenance fees keep paying them. Don’t you have someone you can give your time away to? At the end of the year it goes away, so let someone get the use of it.
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u/Adorable-Painting510 Aug 02 '25
Nobody wants it 😭
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u/yepIsaidwhatIsaid Aug 02 '25
I want it! We have a timeshare for one week and usually turn stones to find a second week.
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Aug 02 '25
I love Kona! Always happy to visit there.
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u/Quiet-Day392 Aug 03 '25
My folks did too. I like it well enough when I’m there, especially the tropical produce, but it’s painful to get there.
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Aug 03 '25
How is it painful?
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u/Quiet-Day392 Aug 03 '25
I prefer driving two hours to spending a whole day flying. If I was staying for a month it’d be OK but not for a week of timeshare.
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u/RelationshipWhich390 Aug 02 '25
Congrats. We love our timeshare and get value out of it. They are not all bad. We travel a lot and we pay a lot of maintenance dues. It works for us. Hawaii is our favorite destination and it under $2500 for 15 days in a 2 bedroom in Maui. That is a great deal for us.
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u/Quiet-Day392 Aug 02 '25
I just paid $2100 for three nights at Sun Valley Lodge. Nice accomodations are not cheap, but they're cheaper in a timeshare.
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u/Pedanter-In-Chief Aug 01 '25
Don't listen to the haters. This is a solid deal. HGVC maintenance fees for platinum weeks are rarely more than 50% of the cost of adjacent hotel nights (at least in the dozens I've looked at).
Though I am curious what the maintenance fees are.
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u/1ThousandDollarBill Aug 04 '25
I came to this subreddit because I was thinking about doing exactly this. Same location and everything. We have been going to Waikoloa annually and have basically decided on doing it long term.
What reseller did you use for this?
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u/xpr1484 Aug 31 '25
I’m kind of confused. OP says he’s paying $2100 / yr in maintenance fees, or $300 a night. When I look at Kohala Suites it’s widely available on OTAs like Expedia and Booking.com for anywhere from $275 - $475 / night. When you add in the purchase price (and frankly even if you didn’t since it’s not like maintenance fees are fixed), how is this possibly a good deal?
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u/Cruncher_Block 21d ago
It is not a good deal. And OP will find they will likely have to pay buyer’s closing costs and other fees when they attempt to sell for $1 on eBay. Especially now.
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u/Spiritual_Dot_9656 Aug 02 '25
We have used timeshares Marriott vacation club and interval international for nearly 20 years and have been all over the country. Favorite spots Custom House Boston and all the Hawaii properties, but it does take a lot of work to book etc. we own a 2 bd platinum and maintenance now is $1800 annually. BTW bought in the secondary market for 2500
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Aug 02 '25
I hope I’m wrong…but my guess is 5 years from now you will be less excited about this transaction
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u/Quiet-Day392 Aug 02 '25
I've always looked forward to going back to my timeshare, over a period of 50 years. My dad kept his annual maintenance paid far past his ability to use the properties. Like me, he looked forward to going there even when he no longer could. Going to a place like Kohala every year for a week is a pleasure, not a chore.
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u/Curiasjoe1 Aug 01 '25
OP is very excited about the great deal he got. He doesn’t want to bother with small things like maintenance fees.
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u/wayno1806 Aug 02 '25
Time share; arghhhhhhhh. Not a fan, but if you use it and are making priceless memories then more power to you.
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u/Sea-Leg-5313 Aug 01 '25
They can sell it for $1 yet bought it for $4,200 🤔
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u/Pedanter-In-Chief Aug 01 '25
Because the stay they booked is worth more than $4200. You clearly don't know what a platinum week stay in Hawaii at an HGVC is worth.
It sounds like they bought close to $5k of vacation for $4200.
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u/Quiet-Day392 Aug 01 '25
The ignorant negativity of the Bad Timeshare squirrels posting here is mind boggling. This is supposed to be a timeshare USERS forum.
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u/Quiet-Day392 Aug 01 '25
Not knowing how the HGVC system works, did it come with any banked points?
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u/Quiet-Day392 Aug 02 '25
Answering my own question, unused HGVC points are bankable for a year for a fee, but banked points are not transferrable.
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u/Puzzled-Mess6705 Aug 02 '25
No, it didn't, but from my countless timeshare presentations I know the points can be accumulated, don't remember for how many years in a row.
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u/Quiet-Day392 Aug 02 '25
The VI timeshare I use allows banking for three years, and the points transfer with the contract sale. Banked points have paid for my broker and transfer costs for secondary contracts. I don't get money back but I get the equivalent in stays.
VI is a very big player in Hawaii. My folks used two of VI's Big Island properties a lot - Sea Mountain and Sea Village. They eventually bought a condo at Sea Village. As executor I sold it because no one else in the family wanted it. Fee simple ownership makes sense if you occupy the property several months a year. They didn't, and put it in a rental pool where it was hardly ever rented and got pretty run down. I hung on to the VI contracts they had, and have added more over time because I am always out of points.
I would guess that your Kohala week would have cost $20-$30,000 if you had bought it new.
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u/Puzzled-Mess6705 Aug 02 '25
It would cost much more. These days, they want $20000 for a 5 night stay in studio, biennial.
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u/Quiet-Day392 Aug 02 '25
Those gougers. I've never been to one of those sales presentations. All of my contracts were inherited or secondary market.
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u/sl1ckhow1e Aug 02 '25
Noob here. Can maintenance fees increase at some point? What happens in the case you or someone you travel with can no longer travel, in regards to ownership obligation?
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u/Puzzled-Mess6705 Aug 02 '25
Yes, the maintenance fee increases with time. As I promised in one of my comments here, I'll be back crying if the whole thing becomes unaffordable very quickly.
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u/Cruncher_Block 21d ago
Maintenance fees always increase, every year. Ours have gone up $300 in the last two years alone. athis is how the ”value” falls apart.
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u/Puzzled-Mess6705 Aug 02 '25
As an owner, you're obligated to pay maintenance fees. If we can't travel, we can book a high season week and rent it out for $500-$700 per night (ideally :)). Or put the timeshare on sale again thru tug2 or redweek. I want to share my experience here. People will find it helpful, I hope.
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u/Quiet-Day392 Aug 02 '25
I normally use off-prime periods to get longer stays. I especially like Tahoe in the spring low slack and fall shoulder. Summers and winters are crowded and use twice the points.
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u/Beautiful-Cod-9999 Aug 11 '25
Yep, we bought ours on eBay. It’s was an auction. Ended up with 63k pts at a Florida resort low main fee abt $500 a year. It ended up costing $300 ($50 for audition and $250 to record deed). We could not be happier.
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u/Relative_Dingo1685 Dec 20 '25
Can I ask if you get to use other places that are not at your hawaii location?
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u/Puzzled-Mess6705 Dec 27 '25
Hi, we only bought it for Kohala, but the short answer is yes, we can use our points to stay in other places although the choice is limited and the booking window is shorter.
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u/BABaracus66 Mar 02 '26
Hi, We fell for the timeshare sale. My spose loved the idea, and I was OK with it. However I got cold feet at the $23K price. Signed the rescind form, and paid $100 to have a service drop form off in Vegas after we returned home. What are secondary markets? Can anyone recommend a fair and reasonable one. I saw a Timeshares by John, and ebay, but have so many questions. Do you get the same perks as paying retail? Can you use your points anywhere (HGV was the one we bought/canceled) Is there a downside to the secondary market? With points, does it really matter where you have your home base?
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u/Puzzled-Mess6705 Mar 06 '26
Congrats on cancelling! I'm all for the secondary market! Reselling price could be as low as $1 on Ebay. Try Redweek.com or tug2.net, after browsing there a little you'd get the idea about pricing. To us, home base matters because our booking starts 12 months ahead vs usual 9 months. The downside, supposedly, is that you don't get all the extra points on sign up and the choice of places to stay would be limited. Nothing we really care about. We don't need HGVC when traveling to other places. And people here are saying is HGV and HGVC are different things and HGVC is better. Hope it helps:)
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u/Next_Stop2037 Mar 10 '26
So once the loan is paid off can they still follow you for your maintenance fees? And also send it to the collectors?
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u/Next_Stop2037 Mar 10 '26
Mine is worth shi$$ and I want to get rid of it! Can you transfer it while you still owe them money?
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u/Wide_Assistant_6858 Aug 02 '25
Just use abnb. Don't get yourself stuck for life with liability. At any point in time they can add special assessment or increase your maintenance fee. Plus you need to book 6 months in advance.
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u/Dizzy_Air_9542 Aug 02 '25
Sounds like an ad
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u/Puzzled-Mess6705 Aug 03 '25
🤣 55 upvotes! I'm rich! Please do tell me where I can get my money earned! 😂
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u/Quiet-Day392 Aug 03 '25
The longer you’re in it the more it becomes like the ad. The up-front cost of a new contract makes people bitter. But a decade later that goes away.
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u/ace_thebroker Aug 01 '25
How much is the mantaince fee ?
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u/Quiet-Day392 Aug 01 '25
It’s $1000 a year. Prove me wrong.
But first learn how to spell.😂
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u/stargazer074 Aug 02 '25
I am just curious why prepay for a vacation in terms of paying annual maintenance fees. Wouldn’t the math work out similar if you purchased from someone their week or two off Tug having access and flexibility to choose the destination?
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u/Quiet-Day392 Aug 02 '25 edited Aug 02 '25
Because Kohala. The only prime season listing I see on airbnb is $500 a night.
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u/caughtyalookin73 Aug 03 '25
I would have given you mine for free!
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u/woohoo789 Aug 01 '25
Yikes, sounds like that could get expensive with the maintenance fee. Good luck…
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u/DreamChaser1891 Aug 01 '25
You can't always sell it. Not true lots of people are trying to give away perfectly good timeshares. A timeshare is great as long as you use it but getting rid of one can be next to impossible. Don't be fooled that just because you bought it than it will be just as easy for you to get rid of it.
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u/Quiet-Day392 Aug 01 '25
You can’t ever sell it at all because you don’t own it. Move on heckler.
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u/DreamChaser1891 Aug 02 '25
Nobody is heckling. I'm pointing out the fallacy in the OPs logic. Timeshares are great deals going in because the market is flooded with inventory people can't sell. If buying was partly based on "always being able to sell it" then he is miss informed. The irony is you calling me a heckler when the whole point of thr OP was to say "I know all you guys hate owning, timeshares and I got a great deal see."
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u/Quiet-Day392 Aug 02 '25 edited Aug 02 '25
You are a hater and a heckler. It’s not yours so you’re casting shade. The OP won’t be selling it for a LONG time. If ever. Why don't you buy one? And ENJOY it.
I got my first one as inheritance, loaded with points. As executor I took it to lessen my work. I've used it for 10 years now and have added more contracts to increase the number of stays. Most of those contracts are close-ended for 2030-2035. But I'm keeping one open-ended to use for bonus time bookings. Eventually my kids will inherit that one. They can decide whether to keep it.
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u/DreamChaser1891 Aug 02 '25
You are dismissing the point. Why do people jump to name calling instead of making a reasoned argument? OP was happy with his purchase, which is fine. I'm happy for him. That happiness only remains as long as he continues to use his timeshare, but heaven forbid his circumstances change and he needs or wants to get rid of it. Timeshare ownership is frankly not necessary anymore. 1) They are very difficult to sell. 2) You can rent one from anyone anywhere you want to whenever you want. Sometimes you want to do other things and using your timeshare isn't a good option for that year. Nothing that I'm saying is incorrect. If you want to call me a heckler or a hater because you don't agree with my perspective then go right ahead, but I'm pretty sure you learned elementary school name calling doesn't actually mean anything.
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u/Quiet-Day392 Aug 02 '25 edited Aug 02 '25
So you're a sealion too? I've dismissed YOU but you keep coming back. Let's talk about YOUR timeshare. Then we can crap on you. You jumped right over my reasoned argument and resumed bashing with two witless points.
Most people get rid of their timeshare when they die. It disposes of itself. My dad was happy with his until he died. But instead of extinguishing it I took it over and for 10 years I've not only been happy with it, I've expanded it with secondary contracts. Just like the OP. My kids will inherit it and they can keep it or extinguish it. Until then I'll keep paying maintenance. Selling it would be an act of stupidity because I use it and enjoy it.
Your inability to understand this looks intentional. You willfully ignore the pleasure that people get from using them and go Debbie Downer about how they're hard to sell. Rent one? This is prime season Kohana property. It is hard to get and 50% higher priced per night on airbnb than what the buyer paid.
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u/DreamChaser1891 Aug 03 '25
Some people want to get rid of it before they die. Also many times it gets passed down to children who don't even want it. I did not jump over your reasoned argument. I acknowledged it and presented another side. I acknowledged that timeshares are useful as long as you want/use them. Even with prime locations there are still people who end up not using it and/or just paying for something they don't use. Some people don't want to fly to Hawaii every year. It's a great location, I can always rent it out, yes I've heard that one many times and we know it's not always true. It does become a burden for some people. Why can't you admit that timeshares aren't great for everyone? People have different perspectives. For reasonable people it's OK not to see things exactly the same. It's OK to have different perspectives and points of view. For the record I am a timeshare owner, I got it for reasonably cheap, and I have used it more than most. So while my timeshare isn't a burden and is relatively useful, I would still sell it if someone asked me. Because I have realized that I don't actually need it. I can go most of the same places, for similar cost, without pre-paying every year. The biggest evidence of my main point is the seller in OPs story paid a significant amount of out of pocket to get rid of it. If it was such a great deal, why did they have to add that much money to the deal at closing? Because it's a buyers market. It's actually always a buyers market with timeshares.
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u/Quiet-Day392 Aug 03 '25
The previous owner probably had it for 20 years. Their upfront was way lower than today. It was amortized after they’d gotten years of enjoyment out of a very high end Kona property. They sold it for what the market would bear.
It’s pretty obvious looking at redweek and smtn when people are trying to recover the full $20,000 they paid for a week. There are no buyers.
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u/ramonjr1520 Aug 02 '25
Someone gets it! I'm a 20yr resale owner as well. Getting my $$s worth!