Warning for selling / buying timeshare

[tinkerbell21956 Junior Member Find all posts View Profile Close tinkerbell21956]

Just wanted to put this on here for anyone who might be interested. My husband and I just wanted to warn people about dealing with Royal Holiday Club. We have had nothing but trouble with them. They are dishonest. Also if you get a call from a timeshare saleperson from a place called Paradise Escapes in Huntington Beach CA do NOT fall prey to their sales tactics. We did and all it did was cost us money. As many others we did not know alot about buying or selling timeshares. We have had so much trouble that we felt it was right to warn others so they would not do the same.....thanks

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I spose they caught you when Peter Pan was not around.

[Spence Super Moderator Find all posts View Profile Close Spence]

Just wanted to put this on here for anyone who might be interested. My husband and I just wanted to warn people about dealing with Royal Holiday Club. We have had nothing but trouble with them. They are dishonest. Also if you get a call from a timeshare saleperson from a place called Paradise Escapes in Huntington Beach CA do NOT fall prey to their sales tactics. We did and all it did was cost us money. As many others we did not know alot about buying or selling timeshares. We have had so much trouble that we felt it was right to warn others so they would not do the same.....thanks

We warned you on 4Dec07 when you called it by it's proper name Escape to Paradise. I called them and gave you an account of their problems.

As to Royal Holiday Club, you never responded when people asked how many points you have. I love RHC despite some of it's shortcomings, you have to stay on your toes and keep good records with them, book early and you can get some outstanding vacations. This year I have Rio for Easter, Summer on the Jersey Shore, Summer in Rome, Thanksgiving in NYC, and a trip or two to the islands.

[tinkerbell21956 Junior Member Find all posts View Profile Close tinkerbell21956]

I am glad you have had such good luck with RHC, but we haven't as have many others I have talked to since my first post here. We bought at timeshare from them for 10 yrs, and NOW they claim it was for 30. If you are just booking vacations with them they are fine, but don't try to take to anyone about anything else of they give you the run around. We had 10,000 points a yr with them and rolled over from 2006 to 2007 so had 20000 last year and still could not sell it. Wishing everyone else here good luck, but we are done with timeshares. NEVER AGAIN!

[1950bing Senior Member Find all posts View Profile Close 1950bing]

I was also taken in by a timeshare place and boy did it make me mad. It was my own fault because I had been given wrong information and acted on that and that is that. I am no longer an owner.
I have since learned that one must know how to " work " the timeshare to get the max. from their purchase. I find there are three types of owners.

1) Max users ( very happy, they work it )
2) OK. users ( take it or leave it no big deal,enjoy )
3) Never users ( just pay maint.fees year after year and complain )

Folks here are pros. and if you had found this site first you would have been schooled in the right direction on how to purchase.
If you want correct advice on how to rid yourself of your t/s, type away, that is offered here too!

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

I am glad you have had such good luck with RHC, but we haven't as have many others I have talked to since my first post here. We bought at timeshare from them for 10 yrs, and NOW they claim it was for 30. If you are just booking vacations with them they are fine, but don't try to take to anyone about anything else of they give you the run around. We had 10,000 points a yr with them and rolled over from 2006 to 2007 so had 20000 last year and still could not sell it. Wishing everyone else here good luck, but we are done with timeshares. NEVER AGAIN!

Don't know what your originally contract has say, but all the RHC contracts I saw are RTU, and it is 30 years.

20000 does not give you too much. And I believe most of their owners that do not feel happy is because of this. Since your contract is only 10,000, the 20000 point will be gone this year, you can only save 2000 point toward this year.

You have several choices,
1) you can try to sell it. In eBay, because of its high closing cost (RHC ask $500 to do transfer), so, a low point contract get very less bid. But some still manage to get bid, so you may want watch eBay to see why low point contracts get bid.

2) you can try to use your contract as 10 years EOY contract. Every 2 year, you roll whole contract points into next year, and as long as you are over 50, you can pre-paid your last contract year's MF and roll the last year to that year. So in 2008, you roll all your point toward 2009, and roll 2020's point to 2009's trip when you ready for the trip. Arrange the trip at exact 12 month, at that time, pay your 2020's MF roll the point. so, if you want go at July 2009, you make call at July 2008, and roll 2008 points as well as 2020's point

Then at 2011, you do the same for 2019's point

3) you can try to add more contracts. Since there is very low resell value, after you look at eBay for a while, you can add more contracts. They can be combined into one contracts. The more point you have, the easier it to use them, and the cheaper to use them.

This forum does has a subforum for that club, you can go there and try to seek advice of using it or buy more contracts.

Good Luck.

Jya-Ning

[Spence Super Moderator Find all posts View Profile Close Spence]

I am glad you have had such good luck with RHC, but we haven't as have many others I have talked to since my first post here. We bought at timeshare from them for 10 yrs, and NOW they claim it was for 30. If you are just booking vacations with them they are fine, but don't try to take to anyone about anything else of they give you the run around. We had 10,000 points a yr with them and rolled over from 2006 to 2007 so had 20000 last year and still could not sell it. Wishing everyone else here good luck, but we are done with timeshares. NEVER AGAIN!

You just refuse to learn how to use it. EVERY RHC points contrat is 30 years, you didn't read it and still refuse to. A 30 year contract can become a lot shorter if you meet and use their over 50 rule and 'accelerate' your use.

[Spence Super Moderator Find all posts View Profile Close Spence]

I was also taken in by a timeshare place and boy did it make me mad. It was my own fault because I had been given wrong information and acted on that and that is that. I am no longer an owner.
I have since learned that one must know how to " work " the timeshare to get the max. from their purchase. I find there are three types of owners.

1) Max users ( very happy, they work it )
2) OK. users ( take it or leave it no big deal,enjoy )
3) Never users ( just pay maint.fees year after year and complain )

Folks here are pros. and if you had found this site first you would have been schooled in the right direction on how to purchase.
If you want correct advice on how to rid yourself of your t/s, type away, that is offered here too!

WOWsers.

[khun hunter Junior Member Find all posts View Profile Close khun hunter]

Please remember that you do NOT need a real estate license to sell your OWN timeshare.
However, I am speaking as a real estate broker now, although the selling process appears at first to be very straight forward; quit claim deed, collect the money, register the timeshare, etc. it is fraught with time consuming difficulties albeit more dangerous for the buyer than the seller but still it will take a good bit of your time and money in advertising, contacting various timeshare management companies and govt. agencies. That being said, you can get all of the forms that you need a legal zoom.com and or a stationary store and probably inside info on selling and registering real estate.
I agree with you about the fraud in timeshare resells, there are very few that I would trust to sell any timeshares that I own and the management companies always tack on unexpected fees etc.

[Hoc Super Moderator Find all posts View Profile Close Hoc]

We had 10,000 points a yr with them and rolled over from 2006 to 2007 so had 20000 last year and still could not sell it.

An RHC 10,000 points a year package is worth about $100 to $150. If you are willing to sell at that price, you can sell it. If you are insisting on an inflated price, then it is nearly impossible to sell an RHC package or anything else that can be sold.

For those of us who bought resale and are willing to put up with the administrative problems of the organization, RHC is a great deal.

[Spence Super Moderator Find all posts View Profile Close Spence]

An RHC 10,000 points a year package is worth about $100 to $150. If you are willing to sell at that price, you can sell it. If you are insisting on an inflated price, then it is nearly impossible to sell an RHC package or anything else that can be sold.

For those of us who bought resale and are willing to put up with the administrative problems of the organization, RHC is a great deal.

I think you're $600 to $650 high on your estimate, it's worth about -$500, the cost of the RHC transfer. A 10K contract has very high MF/pt ratio, it's not something I'd buy at any positive price.

[Hoc Super Moderator Find all posts View Profile Close Hoc]

I think you're $600 to $650 high on your estimate, it's worth about -$500, the cost of the RHC transfer. A 10K contract has very high MF/pt ratio, it's not something I'd buy at any positive price.

They seem to sell around that price. I might do it if I wanted to add points to my existing membership via unification of contracts. I'm happy with my 25k, which normally gets me 25k in one year, then 50k two years after that (Madrid or New York one year, Paris or Rome two years later).

[Spence Super Moderator Find all posts View Profile Close Spence]

An RHC 10,000 points a year package is worth about $100 to $150.

They seem to sell around that price. I might do it if I wanted to add points to my existing membership via unification of contracts. I'm happy with my 25k, which normally gets me 25k in one year, then 50k two years after that (Madrid or New York one year, Paris or Rome two years later).

What they are worth and what the seem to sell for are not necessarily the same.

[charlie_m Member Find all posts View Profile Close charlie_m]

I'm not sure if this fits this thread exactly, but there are a multitude of companies that offer to sell timeshares for people. However they want their "advertising fees" paid upfront. Could run in the $500-1000 range. They will tell you how much you will get for your timeshare, and it will sound oh so good. And people get hooked.

DO NOT EVEN THINK ABOUT IT! Once thay have your $$$, there is no incentive to sell your timeshare, or even tell you what day it is. Thieves and lowlifes, and this is how they rake in the dough. You'll be calling them constantly while getting stonewalled.

[mcamaya4444 Junior Member Find all posts View Profile Close mcamaya4444]

Learn From My Mistakes

I WILL MAKE THIS SHORT, SWEET, AND INFORMATIVE ALL AT THE SAME TIME. IF YOU ARE TRULY INTERESTED IN A TIMESHARE. NEVER I REPEAT NEVER BUY IT FROM A SALESPERSON AT THE RESORT. GO ON THE INTERNET AND BUY IT FROM SOMEONE WHO NO LONGER USES THEIR TIMESHARE AND WANTS TO GET RID OF IT. YOU WILL PAY MUCH MUCH MUCH LESS FOR THE EXACT SAME THING. THINK OF IT LIKE BUYING A NEW CAR FROM THE DEALERSHIP (PAYING FULL PRICE) AND BUYING A NEW CAR FROM THE CLASSIFIED ADS(AT A FRACTION OF THE COST) SAME CAR, DIFFERENT PRICES. WITH THAT BEING SAID, I WILL SHARE MY PERSONAL STORY FOR THOSE THAT ARE INTERESTED.

My husband and I were in Vegas for my brothers wedding when we were asked if we wanted $100 of gambling money plus show tickets. How could we say no. We went to the presentation, not having any knowledge or experience of the situation. To make a long story short, we purchased a time share for $17,000. Being the internet freak that I am, I began researching my new investment the moment I got home. I found the EXACT deal I purchased for $17,000 for $6,000 on e-bay. WHAT? I immediately canceled my purchase and thanked God I still was in my 5 day cancellation window. They really should make it closer to 30 days. Anyway, the thought of a time share was still appealing to me because my husband and I are both teachers, so we take family vacations every summer. I decided to purchase a timeshare on e-bay for $300 paid in full. The resort is close to home, so we can go there every year or we can join RCI for about $80 bucks, bank our week, and pay the $164 exchange fee to stay at any of the 4000+ resorts they offer. What does this all mean? We can stay at our home resort and get a 2 bedroom 2 bath for $650 dollars(maintanance fees) for a week vacation. That is less than $100 dollars a night. Pretty good deal! Or if we bank our week with RCI, we will pay $650 (maintanance fees)+ $80 (RCI fees) + $164 (exchange fee) = $894 for a 2 bedroom 2 bath at any resort RCI offers. That is about $128 dollars a night. Still a pretty good deal! For example, we banked our week this year and will be using it next year at the Hilton in Florida. We will pay about $127 a night as timeshare holders but anyone else would pay over $250 a night for the same exact unit we got. Make sense? I hope so. If you have any questions what so ever, please do not hesitate to e-mail me mamaya@stx.rr.com. I am a teacher and I love educating people inside and outside the classroom. Happy Vacationing everyone!