are timeshares really worth it?

[dw24 Member Find all posts View Profile Close dw24]

I just bought a timeshare for 10,000 that I could have got for as much as half. It wasn't a terrible deal but not a great one either. I broke my own rules...Never buy without doing your homework. I would not have bought it last night if I had studied. I just found out about a 72 hour right of recension. Does anybody know about that?

[dw24 Member Find all posts View Profile Close dw24]

massanutten, eagle trace, rci silver crown, one floating red week and one extra red week to use if you book it in 2-45 days

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

I just bought a timeshare for 10,000 that I could have got for as much as half. It wasn't a terrible deal but not a great one either. I broke my own rules...Never buy without doing your homework. I would not have bought it last night if I had studied. I just found out about a 72 hour right of recension. Does anybody know about that?

If you have time left, read the instructions carefully and follow them exactly. Do not send by FedEx if it says to send by USPS, for instance. It most likely has to be in writing too. You can FAX them too but you have to follow up with a letter. Send it by certified mail with a return receipt so you have proof that you sent it.

If you are too late, don't beat yourself over the head but try to enjoy your resort and learn how to make exchanges to other nice places, if that is what you were planning to do. Most people learn the hard way and find this forum afterwards but learn here how to make the best of it.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

massanutten, eagle trace, rci silver crown, one floating red week and one extra red week to use if you book it in 2-45 days

Cancel the deal immediately if u can.....the resale on this is very inexpensive - u can by the same week to use

Here is a few ASKING prices...

Resort & Location Unit
Type Usage Week(s) Price Comments
Eagle Trace at Massanutten
McGaheysville, Virginia - United Statesdetails 2 BD Lockout Biennial odd Floating $1,500 (sale) Only 1500.00 And Take Over Payments! Get Away From The Hustle & Bustle Of The Big City! You Will Not Want To Leave! Use In Red Floating Week!
Eagle Trace at Massanutten
McGaheysville, Virginia - United Statesdetails 2 BD Lockout Annual - Every Year Floating $1,995 (sale) Total Price $1,995. Free And Clear--no Payments! 2008 Maintenance Fees Are Paid! Hurry--this Won't Last
Eagle Trace at Massanutten
McGaheysville, Virginia - United Statesdetails 2 BD Lockout Annual - Every Year Floating $2,000 (sale) Put Money Down And Assume Payments
Eagle Trace at Massanutten
McGaheysville, Virginia - United Statesdetails 2 BD Lockout Annual - Every Year Floating $2,550 (sale) Annual Red Week Getaway In The Mountains
Eagle Trace at Massanutten
McGaheysville, Virginia - United Statesdetails 2 BD Lockout Annual - Every Year Floating $2,600 (sale)


Eagle Trace at Massanutten
McGaheysville, Virginia
Ad #009400
Owner E. Petty
[ << Previous ] [ Next >> ]
A tradition of excellence continues at Eagle Trace at Massanutten. With Virginia's only quad chairlift and a vertical drop from 795 to 1,110 feet, .....
.
Asking Price: $4,000.00 Negotiable
Rental Price: $600.00 Negotiable
Unit Information Ownership Information
Bedrooms: 2
Bathrooms: 2
Occupancy: 6-8
Unit: Float
Unit Type:
Week: Float
Season: Red
Type of Ownership: Deed
Maintenance Fees and Taxes: $450.00 Annually
Points:
Usage: Annual

[dw24 Member Find all posts View Profile Close dw24]

yeah I won't beat myself up too bad. it wasn't a terrible deal and I like the place and the idea of timesharing. I just think I could get it so much cheaper. I am about to start looking through the contract now for the directions

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

I just bought a timeshare for 10,000 that I could have got for as much as half. It wasn't a terrible deal but not a great one either. I broke my own rules...Never buy without doing your homework. I would not have bought it last night if I had studied. I just found out about a 72 hour right of recension. Does anybody know about that?

Yes, it WAS a terrible deal....the ads I posted are ASKING prices....go to ebay and do an 'advanced search' for completed auctions.....I am sure these go for under $1,000.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

yeah I won't beat myself up too bad. it wasn't a terrible deal and I like the place and the idea of timesharing. I just think I could get it so much cheaper. I am about to start looking through the contract now for the directions

Good, and then once you get out of this deal...buy resale for under 1K and enjoy the visit to your resort....Good Luck!

[dw24 Member Find all posts View Profile Close dw24]

Do I have to follow a certain procedure outlined by Massanutten or can I follow a simple formula. Oh yeah, do you think I go t a decent deal?

[dw24 Member Find all posts View Profile Close dw24]

under 1000????

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Do I have to follow a certain procedure outlined by Massanutten or can I follow a simple formula. Oh yeah, do you think I go t a decent deal?

You have to follow the exact directions - please take the time to read your paperwork....it usually involves notiying them by mail - it will tell you HOW to mail and if it says registered mail - do that exactly....

No, u did not get a good deal ...sorry
BUT it could be MUCH worse...as in you did it 2 weeks ago instead of 2 days ago.....

And I LOVE TSing - I own ....well, TOO many weeks/points

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

under 1000????

DEFINITELY!!!!!

Here is one on ebay that went for $1,200
2BR @ EAGLE TRACE, MASSANUTTEN VILLAGES, TIMESHARE! - eBay (item 280214653567 end time Apr-09-08 18:15:00 PDT)

and all the ones i listed above are asking price - i would offer $800-1,000 and someone will say yes!

[dw24 Member Find all posts View Profile Close dw24]

what area of the contract do I need to look at?

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

You better read the whole contract and the fine print too. It is in there somewhere.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

what area of the contract do I need to look at?

I am sorry - that I do not know but they MUST give u that info...maybe someone else will jump in here...

[dw24 Member Find all posts View Profile Close dw24]

Is RCI good with exchanges? Thanks for all your help!!!!