All Rights Reserved. I walked out on a timeshare (Bluegreen). Using this calculation, you could pay as much as $25,500 upfront for a timeshare and break even with comparable hotel vacation costs. Check out leading online reseller, SellMyTimeshareNow for unbeatable deals on Westgate timeshare rentals. Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered! Enjoy all the benefits of an upscale home away from home including private bedrooms, spacious living areas and big screen televisions with DVDs. As with anything in life, buying a timeshare has its pros and cons. Everything was booked in Orlando. Like any purchase, there are some drawbacks of Westgate Timeshare. Here are the top ten reasons why it makes sense to think carefully before purchasing a timeshare. Westgate Resorts is a timeshare company that was founded by David Siegel in 1982. There is also the potential for being held liable for special assessments. Due to the upfront costs, and the fact that the majority of timeshares do not appreciate like normal real estate, the cost savings is in future vacations. Thats why evaluating all of the pros and cons first can help you to determine if this option is the best way to enjoy the occasional holiday. If you are thinking about a timeshare, then review the contract carefully to see if you have the option to block out any time commitments you have that you cannot use. Timeshares are known for their spacious accommodations, high-end amenities, and invaluable services. Westgate Timeshare offers a variety of resort options all over the United States, from the rustic beauty of the Smoky Mountains to the sunny shores of Florida. Thus, the use of a very expensive property could be more affordable; for one thing you dont need to worry about year-round maintenance. For example, a Westgate Flamingo Bay Las Vegas timeshare gives you prime access to the glitz and glamour of the Strip. Although the initial cost may seem high, the long-term savings can be significant. It wouldn't be right to simply comment on timeshare without looking at some comparisons. Convenient online account management: In a floating week system, the Timeshare owner is given a range of weeks to choose from each year vs the same week every year a Fixed Week offers. Flexible Usage Options. Any help you can give us is appreciated and needed. This option gives you predictability for your traveling plans, but it also comes at the cost of flexibility and variability. You will have more protections if your unit belongs to what is called an owners club or association. After another 20 minutes of nonsense I took my family and left the hotel. x 30 List of the Pros of a Timeshare 1. The company offers timeshare owners a huge selection of amenities at their resorts, including soda shops, pool bars, spas, putting greens and more, so traveling to their timeshare property feels like a real vacation. 5. If you bought a timeshare directly from a resort developer, about 50 percent of the price you paid went to their marketing costs in selling it to you - costs such as the salesperson's commission, the mailers, phone calls, prizes, sales booths, and other activities that went into getting you to buy. I would not recommend anyone to sit through one of these presentations unless you have the will power to say NO. Youll be headed to the same place each year. The resort offers a ski valet service and access to over 7,300 skiable acres and 300+ trails. Timeshare owners will pay an initial fee to buy into a property, the purchase price, as well as an annual maintenance fees to a third-party operator - even if they don't stay in the timeshare that year. I found out we were having a long weekend because of Presidents' Day and decided to head to Orlando for some Universal Studios fun for the kids and family and booked a three day stay at this hotel. Be the first one to find this review helpful. There is predictability, but also little flexibility and the potential for long-range boredom. Westgate representatives did not disclose vital information at the time of our purchase that could have altered our decision to make our purchase. In addition, some timeshare owners and developers will credit the rental price towards a purchase, if you decide to buy after your stay. ---------- Although you dont need to worry about maintenance costs with your property as a timeshare owner, you do need to worry about the annual fees that you pay. You can have a complete vacation experience without stepping foot off the property. PLEASE DON'T STAY HERE! As a household name in the vacation industry, they have continuously grown and expanded over the past 40 years. The pros and cons of timeshares are essential to evaluate if your vacation patterns typically take you to a similar location each year. Timeshare Pros: Long-term savings over hotels Home-like accommodations Real property ownership Ability to exchange Guaranteed vacations Flexibility Less maintenance than a vacation home Timeshare Cons: Reputation of unethical players and scams Flexibility Ability to exchange Cash flow Timeshares do not appreciate May be difficult to resell Timeshares are hard to sell, and used timeshare units are sold at a steep discount because there are so many on the market. pros and cons of westgate timeshare. When you rent a Westgate timeshare, youll get the chance to book a trip with owner-direct pricing. Pros: 100% Money-Back Guarantee High Dunn & Bradstreet Rating Excellent Customer Service 300+ Employees A+ BBB Rating In Business Since 2012 Cons: No Escrow Payment Option Does Not Work With Inherited Timeshares No Spanish Speaking Agents Wesley Financial Group is one of the biggest, most well-known companies in the timeshare exit industry. With its variety of resorts and discounts, you can save money while making lasting memories with your family. This means that with deeded ownership, many deeds are issued for each property. To join vacation clubs, you pay an initial membership fee. Our timeshare rep at Westgate Smokey Mountain Resort was great. Also, consumer protection laws in some countries are more lax and lack enforcement. Wesley Financial Group, LLC (WFG) is a timeshare exit company based in Franklin, Tennessee. This is a small favor that we are asking considering that the company took advantage of us during the purchase process. Westgate Resorts is a family of resorts headquartered in Miami Beach, FL. In addition, you could be liable for special assessments. Maintenance fees cover the grounds and housekeeping services, utilities, insurance, on-site management, keeping facilities and appliances up and running, applicable real estate taxes, replacing broken items, and reserves for major improvement projects such as remodeling, new roofs, and so on. But it's not to me. Eleven of the 19 families purchased a Westgate timeshare. Warning: This site requires Javascript to function properly. The value of a timeshare depreciates extremely fast. Youll create lifelong memories with friends and family by enjoying shared experiences and consistent, Westgate 5-star accommodations year after year, generation after generation! 2020 Luxe Beat Magazine. When you own a Westgate timeshare, you have access to luxury vacations at discounted rates. Total cost in today's dollars**, * Assuming $200/night We knew there would be a presentation for them to try and sell us a timeshare. Examples can range from a very narrow range of weeks week 20 - 22 to every week in the year Week 1 - 52. When I locked my credit card and they couldn't take payments anymore, they sent us to collections and that's what we are dealing with right now. They don't care about their guests! And while you probably will still want to go out and explore, its nice to have the option to stay back and relax while the kids stay entertained. Whatever your dream vacation, chances are, Westgate Resorts has the perfect resort for you and your family. If you buy an annual fixed week, you are guaranteed that same week each year at a resort you are familiar with, and don't have the hassle of vacation planning year after year. If you want a holiday week, you may not be able to trade your timeshare for it, because there are many timeshare owners hoping for the same week. Number of years of vacationing We are writing to you to discuss our options as it pertains to the timeshare that we have with Westgate. As we have said, the value in timesharing is in the long term. The company itself always showed appreciation to their employees. Not only that, but you deserve to vacationbetter. Nolo notes that one of the consequences of this disadvantage is that it can affect your ability to obtain future credit. If. Right-To-Use With this arrangement, the buyer leases the property for a given amount of time each year for a set amount of years. Give the kids their space or invite friends and family along for the fun. All prices in U.S. dollars unless otherwise stated. Unsubscribe easily. When you become a timeshare Owner, you gain the right to use your property for a certain amount of time each year, for the entire lifetime of your Club. The manager comes over and makes a final push and then offers you a one week stay for like $795.00. I went back to my car after 2 hours. Editor's Note: This article has been edited and updated. It is possible to let family or friends use the space if they want to take a vacation as well. It is a lifestyle purchase only. Total cost in today's dollars**, * Assuming maintenance fee remains constant Keep in mind there may be restrictions on how long you can push your vacation off before you lose your week altogether, and there are fees associated with doing so. Timeshares depreciate very quickly. Before purchasing a timeshare from a developer, be sure to ask about their resale policies. You see the first guy, and then another salesman comes over and gives you lots of other things and gives you what each will cost. Because state laws closely regulate mortgage lender foreclosure actions, foreclosure on a timeshare can become a time consuming and expensive process for the mortgage lender. Sign up to receive our free weekly newsletter. Rather than thinking of a timeshare as a real estate investment, it is better to think of it as a purchase such as a car that may likely depreciate in value. If you're ready to be more spontaneous with your travels, you can always shop last minute rental deals and uncover even more savings. RedWeek, Inc. is a Registered Seller of Travel in the following states: Warning: Your web browser is out of date. You also may not be able to decide last minute that you want to use your timeshare in a certain location. You can enjoy all the amenities and services of a five-star resort without having to pay full price. Never pay an upfront deposit without having first identified and inspected the particular unit. Convenience is key when planning any vacation, and if youre traveling to a destination for specific local attractions, you want to make sure that your accommodations are in close proximity. Timeshare Owners Deserve Answers Timeshare owners don't always fully understand what they own. Timeshare ownership is convenient, since the management company handles the day-to-day operations. An average timeshare costs $20,000 for a family of four + $15,840 of annual maintenances fees x 18 years = $35,840 So, average timeshare family savings = $18,160+ over 18 years of vacations Do the math, take a tour, and see what membership level is right for you. Here are the top six benefits of renting aWestgate timesharefor your next vacation. 8. There may be difficulties in obtaining a credit card, funding a car loan, and you may even face a deficiency judgment that goes on your total record. Our fees for 2020 were $1488 dollars. Westgate is also a community-focused company, and the company donates more than 2 million dollars each year through the Westgate Resorts Foundation. Cons- The first morning we were there the phone rang 3 times and we didn't get to it soon enough so someone came to our door and said we had to go to the front office ASAP fill out a form about any broken items in the resort or we would be liable for them. They vary greatly based on resort location, unit size, and amenities. Ask the seller whether the management company has capped the amount by which the maintenance fee can increase annually. I got a deeded fixed week in '96. Plus, you will have access to discounts on activities, dining, and entertainment. We listened to everything they said, and decided this is something we just did not care to do. Youll find them in top cities, near all the best local offerings. I am just glad this didn't happen to someone from out of state with no car. That is why traditional lenders almost never provide financing for this option. This advertising material is being used for the purpose of soliciting sales of a vacation ownership plan. Theres plenty of opportunities for you and your family to play and stay active with an on-site water park, sports courts, fitness centers, shuffleboard courts, miniature golf course, and beach volleyball. We value your privacy. Plus a fully equipped kitchen allows for special dietary needs while saving you money by giving you the option of preparing some full meals or quick snacks in your villa. ALL TIMESHARES ARE WORTHLESS. Well then they take to up to the third floor and serve you some food and drink, and then you go up to the third floor for the sales pitch, with the loud music. That means you will own the rights to a specific unit during the same week each year for the length of the contract. After driving for a long time we stopped for dinner since their confirmation email said check in was at 4:00 PM. kentucky fire commission areas; which country eats the most pizza An organization to which we belong, ARDA (American Resort Development Association) includes most major timeshare businesses today and members subscribe to a set of consumer-friendly ethics rules. Cons Also, think about the types of vacations you plan on taking and whether or not Westgate Timeshare could accommodate your needs. Timeshare unit sizes vary from studios to four bedrooms, allowing plenty of room for families. Once youve decided on a package, you can move forward with the purchase and start making plans for your vacation getaway. Some of the top destinations in the Westgate portfolio include popular locations like Orlando, Las Vegas, Myrtle Beach, Park City, Branson, and more! Additionally, if you use financing, you will be paying interest, which needs to be worked in to your calculations when figuring your purchase price and cost versus benefit. They are forcing us to check out in the middle of HURRICANE IAN!! All you have to do is find someone with a timeshare in the place you want to visit who is willing to vacation at your timeshare, and then you trade. ** Before inflation. If you're trying to decide between purchasing a vacation home or a timeshare, there are some important characteristics of timesharing that you will want to consider: Most of the major industry players value their brand's reputation more than the sale, and many have committed to standards of ethics in recent years. Timeshare ownership may not be best for your lifestyle. But you're still locked into that approved list.) Lets explore the pros and cons of this timeshare to help you make your decision. See more differences between hotel and timeshare condo accommodations. You can rent a Westgate timeshare on the secondary market for as low as $500 a week! You can make the purchase through a developer, but it will come at an interest rate that is much higher than what you would pay for a traditional mortgage. I would like to know if anyone has 'REALLY' lost their home or had something negative put on their credit record because they stopped paying for their timeshare? You may also discover that international consumer protection laws are sometimes not as enforceable as they are in your home country. With Westgate, you can create lasting memories with your loved ones. A time shareable give them exactly what they need. 1. Unfortunately, it is often difficult to factor them in, since they are not a constant. To celebrate their 45th Anniversary, they created a list of the Top 45 Exchange Destinations to inspire member travel. The terms of owning a timeshare vary, so always read the fine print before making a decision. Timeshares can be a good choice for people who like to vacation in a specific place each year. In the United States, the Internal Revenue Service does not allow you to claim a capital loss like you can with other investments or real property if you sell a timeshare at a discount. Weve also had to deal with clients in financial distress wanting to get out of their timeshare units. You should also check with the seller to see if the contract will contain provisions protecting you from surprise assessment fees. There is also a cost consideration here - if you're buying a timeshare for exchange ability, you'll want to pay close attention to these as well. As one of the worlds largest and most popular time share companies, Westgate Resorts offers exceptional properties in many of the most prominent vacation destinations in the U.S. Timeshares depreciate in value very quickly, so most banks will not lend you money to buy them. A timeshare purchase is legally binding, not an arrangement you can opt out of, so consider the pros and cons carefully. 135.00 is nothing to this company. RedWeek.com is proud of its high success rates, but we cannot promise that there always will be a buyer wanting to purchase what you have to offer, so selling timeshares on the resale market sometimes can be difficult. We are asking for the timeshare to be completely terminated from our names. By this time is almost 8 pm and we started looking for a hotel even all the way in Tampa and found nothing. Families may appreciate the kitchens more than couples who want to dine out for every meal. If you buy, you are joining a very happy bunch of vacationers. To buy or not is totally up to you. The company offers customers more than 13,500 timeshare villas and access to properties at 28 resorts.. Exchange is consistently a top reason people buy into timeshare. Then they took my unit and turned it into a model unit. Thus, it might be a better deal to buy a used timeshare on the secondary market. (MORE: Timely Timeshare Tips for Families). You will have access to all of Westgates resorts, which can save you money on airfare and lodging. Points give you the opportunity to explore destinations across the globe, and can be applied for bookings beyond villas, such as culinary tours . 3. + 8,000 Making an informed purchase decision will serve you and your family best. Adjoining hotel rooms are often much more expensive, and usually lack the living, dining, kitchen, and laundry amenities that make your vacation more convenient and affordable. If youre ready to be more spontaneous with your travels, you can always shop last minute rental deals and uncover even more savings. 3. Unlike a vacation home which may be vacant part of the year, you only pay for what you use. Timeshares typically offer amenities such as on-site restaurants, swimming pools, lazy rivers, and tennis courts. This makes it possible for friends or family members to split a timeshare during the same time period and plan their vacations together. Interval International is the second-largest timeshare exchange company, with RCI being the largest. Charitable company: As a type of vacation ownership, most timeshares are condo-style resorts in which numerous people have bought rights to use a property or a collection of properties. Plus, you will have access to discounts on activities, dining, and entertainment. How they sleep at night taking money for services that we never receive is beyond me. Don't listen to the schpiel about trading . Try these topics 2023 Westgate Resorts. Disgusted with their service and people handling their phones and their reps. Get buying tips about Timeshares delivered to your inbox. As the world's largest privately-owned timeshare company, Westgate Resorts offers nearly 30 amazing resort properties across the United States. With the Internet, you can rent timeshares anywhere you wish and you don't have the upfront buy in costs. You can rent a Westgate timeshare on the secondary market for as low as $500 a week! This option has more freedom than the fixed week version, but getting the exact time you want may be difficult when other shareholders snap up many of the prime periods. That's my deeded unit they've taken! However, timeshare has an unfortunate reputation of being associated with hard sales pitches and sneaky sales techniques similar to the notoriety of used car sales. The prices for a timeshare cost more than our house costs and what you get is only a week for each room you get. Enjoy reading our tips and recommendations. The units are available, but not for trading. If I could go back to that sales rep who promised us a dream of vacation home whenever we needed it, I'd probably sue him separately. And youll create a legacy and ensure a tradition of family vacations for generations to come! Your other option is to rent your timeshare on RedWeek and use your cash when you can take your vacation. Should you need to borrow money to purchase one, then you have no business thinking about this decision in the first place. Westgate also offers great customer service, so you can rest assured that your vacation will run smoothly. Well start sending you the news you need delivered straight to you. Research the resort and management company to be aware of any outstanding complaints. You may be able to rent out your block of time if you cant use it, although some timeshare contracts may not permit this and website exchange services may charge you to play matchmaker. There are obviously some advantages and disadvantages which demand an objective assessment. Bear in mind that the Better Business Bureau has been warning about timeshare reselling schemes that defrauded victims out of thousands of dollars. Upfront fees vary, but you can get five-year memberships for as low as $2,000 or lifetime memberships for $3,000. People buy timeshares, have to pay to exchange it, even if they bank it, when they go to use it another FEE! There might also be fees for allowing someone else to use your unit. Destinations like Orlando, Las Vegas, Williamsburg and Park City are sure to build vacation excitement. Anyway, we stayed in Gatlinburg, and it was not really to our liking, although the mountains were beautiful. Though the details differ amongst vacation clubs, in general, timeshare points allow owners flexibility in the duration of their stays. ---------- Westgate Timeshare can make it happen! Owners don't have to worry about contracting for repairs, hiring a caretaker or . There is flexibility with the schedule on most properties. Timeshare units can be rented out from owners at incredible discounts, giving you the chance to indulge in luxury for less. It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers. Most banks and mortgage brokers are not willing to mortgage timeshares. With its array of resorts all over the country, this timeshare offers you the chance to experience the best parts of a vacation while also saving money. One of the biggest drawbacks is the cost. Not only that, but you are just minutes from the center of Park City where youll find fabulous dining, shopping, and museums. Upfront purchase price The resort offers complimentary shuttle service to get you to and from where you can check out the restaurants, casinos, entertainment, and nightlife. 1. Have peace of mind knowing your vacations high quality getaways are locked in forever, at todays affordable prices! The company offers customers more than 13,500 timeshare villas and access to properties at 28 resorts. Cha-ching-cha-ching-cha-ching!!! You will have access to all of Westgate's resorts, which can save you money on airfare and lodging. Instead of renting your vacations, you now own them. There is one brand, however, that truly excelsWestgate. It is very possible to trade sites and times with other timeshare owners if you want to take a vacation at a different location. Often, they want the promised free round of golf, spa treatment, or restaurant meal. We stopped to eat something before driving back home, we made it back at around 2:00 AM. Interested in becoming a Westgate Resorts Owner and enjoying a lifetime of amazing vacations? And staying in a Westgate Myrtle Beach timeshare, youll fall asleep to the crashing of waves and awaken to spectacular sunrises over the Atlantic. Who has maintenance fees of $500 a year. Trading thru RCI (which is also owned by. Often, the developer will arrange financing for you, but at a much higher interest rate than banks that do make the loans. Youll get to visit the accommodations, take advantage of the amenities, and see if timeshare ownership is something that can be beneficial to you. Last Minute Timeshare Rentals TUG Bargain Deals Section The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 29 years! Ownership has its advantages and no matter where you choose to purchase timeshare real estate, you'll have full exchange privileges to every Westgate property as well as thousands more around the world. If you purchased your timeshare from a resort, there may be a clause included in your sales contract called a right of first refusal (ROFR). However, the actual deed and therefore the ownership stays with the resort.
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