I recently purchased my first timeshare on Saturday- somewhat of an impulse buy, but not one that I regret. But I do have questions about my purchase and would love some expert advice.
My husband and I enjoy skiing and stayed at a nice timeshare in Breckenridge,CO- The Grand Timber Lodge. We heard the presentation and met a few satisfied owners while visiting the onsite bar and like the idea of knowing we can come back here each year. I've always heard that you should always buy resale timeshares and not directly from the developer but the developer told us that since they have right of refusual on all deeds that they typically don't let owners sell for much under value. He also said that we would miss out on all the perks the developer gives- like a bonus week everytime you trade your 1 bedroom master. But I just saw that in the contract the bonus week is given through II- so can the developer really deny someone the bonus week because we didn't purchase through them?
We paid 29K for a biannual 2 bedroom lock out, winter/red week. Since it is just my husband and I we figure we can vacation annually by just using the studio one year and bank the master for the next years vacation. Plus it looks like we would have great trade ability because Colorado is very high demand in the winter.
Did we pay too much? The rep just made us feel like we would be missing out on all sorts of "perks" if we didn't go through them. He also said if we ever want to upgrade we would get a better deal having gone through the developer.
Any thoughts or opinions would be great. Most of the resale I've seen for Grand Timber Lodge are spring and summer weeks which we don't want, but there are a few winter weeks and I don't know if I should cancel my contract and go that route, or just stick with the developer .
Thanks!!
My husband and I enjoy skiing and stayed at a nice timeshare in Breckenridge,CO- The Grand Timber Lodge. We heard the presentation and met a few satisfied owners while visiting the onsite bar and like the idea of knowing we can come back here each year. I've always heard that you should always buy resale timeshares and not directly from the developer but the developer told us that since they have right of refusual on all deeds that they typically don't let owners sell for much under value. He also said that we would miss out on all the perks the developer gives- like a bonus week everytime you trade your 1 bedroom master. But I just saw that in the contract the bonus week is given through II- so can the developer really deny someone the bonus week because we didn't purchase through them?
We paid 29K for a biannual 2 bedroom lock out, winter/red week. Since it is just my husband and I we figure we can vacation annually by just using the studio one year and bank the master for the next years vacation. Plus it looks like we would have great trade ability because Colorado is very high demand in the winter.
Did we pay too much? The rep just made us feel like we would be missing out on all sorts of "perks" if we didn't go through them. He also said if we ever want to upgrade we would get a better deal having gone through the developer.
Any thoughts or opinions would be great. Most of the resale I've seen for Grand Timber Lodge are spring and summer weeks which we don't want, but there are a few winter weeks and I don't know if I should cancel my contract and go that route, or just stick with the developer .
Thanks!!
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