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Hello, just came across this forum tonight while trying to find out a little more about timeshares. The wife and I stayed at Wilderness at the Smokies last week and talked to an agent about buying into Wyndham. Everything sounded good but I like to do research before buying anything.
They said that we could vacation anytime and wouldnt have a set week which is good for us because we usually aren't able to vacation the same time every year. Also liked that we could use it for short stays and not a whole week. I just have a few questions about how it all works.
If we bought there, would that be where we own at? Also what does that really mean? One package that he showed us, I think it was about 125k points for $9k over 5 years, with about $75 in maintenence fees. I've read in my short time here that buying retail is not the way to go, though. How does it work if you buy resale, since it is a deed. Do you have to pay yearly property taxes on it also? Also, after it is payed off in the 5 years, is all I have to do is pay the monthly fees and my vacations would be paid for? Finally, what would be a good amount of points to buy (we mostly go to Myrtle Beach and Gatlinburg/Pigeon Forge)?
Also, just browsing on ebay and seeing people selling 126 point for $100 or less. Just don't understand that. Could I buy that and just pay the maintenence fees, which are usually $1500 or less a year and vacation with that the rest of my life? Could someone clear that up for me please and explain how it works.
I know thats a lot, but I'm just very new w/a lot of questions. Thanks for the help.
They said that we could vacation anytime and wouldnt have a set week which is good for us because we usually aren't able to vacation the same time every year. Also liked that we could use it for short stays and not a whole week. I just have a few questions about how it all works.
If we bought there, would that be where we own at? Also what does that really mean? One package that he showed us, I think it was about 125k points for $9k over 5 years, with about $75 in maintenence fees. I've read in my short time here that buying retail is not the way to go, though. How does it work if you buy resale, since it is a deed. Do you have to pay yearly property taxes on it also? Also, after it is payed off in the 5 years, is all I have to do is pay the monthly fees and my vacations would be paid for? Finally, what would be a good amount of points to buy (we mostly go to Myrtle Beach and Gatlinburg/Pigeon Forge)?
Also, just browsing on ebay and seeing people selling 126 point for $100 or less. Just don't understand that. Could I buy that and just pay the maintenence fees, which are usually $1500 or less a year and vacation with that the rest of my life? Could someone clear that up for me please and explain how it works.
I know thats a lot, but I'm just very new w/a lot of questions. Thanks for the help.
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