Hi all,
My name is Nicole and yesterday we got talked into buying a timeshare. I usually do a lot of research before making any decisions and actually left my license at home and unknowlingly had my checkbook. This is very unlike me. The closing is not actually complete because they do not have my license info so I think it will make it easier to get out of if it was a bad deal.
They are still in preconstruction of a new resort in the Berkshires in Mass (although some units are already built and being used). It's a 2 bedroom/2 bath split with balcony. It is really a nice place. They said demand is high and supply is low because the berkshire's prevent a lot of growth by developers in the area. So it is not over saturated. They said the value will go up to 30+ once construction is complete in a year. We bought a bi-yearly deed for 13K in a red week. Is this a good deal? The maintenance fees are 400 locked in rate every other year. The trading power should be excellent there because it meets all the requirements for a good trading power. What should I do? I was thinking of getting out of it and buying one somewhere else for <5K. I'm not sure if I would have equal trading power and I know it wouldn't be as close by.
Please any help or suggestions would be helpful. If I can find what the market value for a timeshare is in the area it would be helpful. Where can I get this info? I can then go back to the sales manager and try and get them to lower the price or I will back out.
Also what are your experiences with being able to go where you want when you want if you book let's say 5 or 6 months in advance.
I am excited to travel the world in my lifetime and with my kids in the future. I'm only 23.
My name is Nicole and yesterday we got talked into buying a timeshare. I usually do a lot of research before making any decisions and actually left my license at home and unknowlingly had my checkbook. This is very unlike me. The closing is not actually complete because they do not have my license info so I think it will make it easier to get out of if it was a bad deal.
They are still in preconstruction of a new resort in the Berkshires in Mass (although some units are already built and being used). It's a 2 bedroom/2 bath split with balcony. It is really a nice place. They said demand is high and supply is low because the berkshire's prevent a lot of growth by developers in the area. So it is not over saturated. They said the value will go up to 30+ once construction is complete in a year. We bought a bi-yearly deed for 13K in a red week. Is this a good deal? The maintenance fees are 400 locked in rate every other year. The trading power should be excellent there because it meets all the requirements for a good trading power. What should I do? I was thinking of getting out of it and buying one somewhere else for <5K. I'm not sure if I would have equal trading power and I know it wouldn't be as close by.
Please any help or suggestions would be helpful. If I can find what the market value for a timeshare is in the area it would be helpful. Where can I get this info? I can then go back to the sales manager and try and get them to lower the price or I will back out.
Also what are your experiences with being able to go where you want when you want if you book let's say 5 or 6 months in advance.
I am excited to travel the world in my lifetime and with my kids in the future. I'm only 23.
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