Grandview in Las Vegas

[RavenManiac Member Find all posts View Profile Close RavenManiac]

So I only went to get the free stuff...but I ended up buying a 1 bedroom condo timeshare at the Grandview in Las Vegas. I'm a single person, but I travel a lot so it seemed like a good deal. I guess I'm just looking for someone else who has a timeshare to validate my decision and help me not to second guess my decision! Anyone else have a timeshare with RCI and have a good/bad experience...or helpful tips!?

Thanks!!

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

RECIND IMMEADIATLY if you still can!!!!!!! If you purchased from the developer you've paid thousands more than you should have.

Vegas timeshares can be had for $500 to $5,000 on the resale market including Grandview, Club Del Soliel, Tahiti, Polo Towers, the Villa's at Polo Towers, Jockey Club, Carriage House and Summer Bay.

Timeshare is a great way to travel and it's about the only way we like to travel. But for the developer price you've paid you could buy 5 to 10 timeshare weeks with that money.

[RavenManiac Member Find all posts View Profile Close RavenManiac]

Thanks! I have been second guessing myself for a week now...and I've been doing some internet searching and it seems like I've paid more than I should have. I appreciate your advice.
Raven

[falmouth3 Senior Member Find all posts View Profile Close falmouth3]

Doug is right. If you can still rescind, read the directions carefully and do exactly what they tell you to do.

Take a look at ebay, redweek.com, myresortnetwork and a number of other places. Timesharing is great and you'll enjoy it, but if you can save a lot of money by rescinding and buying the exact resort for thousands less, isn't the money better in your pocket than theirs?

Sue

[RavenManiac Member Find all posts View Profile Close RavenManiac]

I'll do that. I love to travel...and I thought I would be saving myself lot's of money in the long run.

Thanks!!

[WazzuCougFan Senior Member Find all posts View Profile Close WazzuCougFan]

My husband and I attended a sales pitch for the Grandview last June. We were already timeshare owners for a resort elsewhere, and I had already been a member here, so we went well-prepared. The poor sales lady knew that she would be wasting her time with us, but we still had to go through all of the steps to get out of the place.

I did like the Grandview and maybe we will trade into it someday. You would be wise to take the advice of the posters above and rescind. You will find the exact same thing you bought for a fraction of the price, if that is where you want to own. After doing more research here you might find that you would like to own somewhere else and trade into the Grandview occasionally.

I'm really glad we bought our timeshare, but I'm even more glad we bought it on the resale market.

[RavenManiac Member Find all posts View Profile Close RavenManiac]

Ok....since you are all timeshare owners...maybe you can explain it to me! I have spent the entire day on Google searching for topics relating to timeshares. I think I've only confused myself more! How can people sell these timeshare for a few thousands dollars? They just seem to good to be true. I guess it just doesn't make sense why someone would be able to spend say maybe $5,000 on a timeshare that will allow them vacations for the rest of their lives. There has to be a catch right??

[PigsDad Senior Member Find all posts View Profile Close PigsDad]

I guess it just doesn't make sense why someone would be able to spend say maybe $5,000 on a timeshare that will allow them vacations for the rest of their lives. There has to be a catch right??

It's called Maintenance Fees. Your initial purchase price doesn't pay for the ongoing cost to run and maintain the property. The MFs cover all of the ongoing costs.

The initial purchase $$$ go to pay the developer (if purchasing retail) for a return on their investment to build the property. If you are buying resale, it is the (usually depreciated) market value of what people are willing to pay for the right to use/own that time-slice of property.

Kurt

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

If OP has been owning at Grand View for more than a week, the rescission period might have already passed ...

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

If you have been waiting to rescind then it might be too late.....read your contract and rescind immediately. Follow all the instructions to the letter.

You can buy many timeshares for pennies on the dollar...some you can even get for free....not that you should buy them.

You really need to take the time to see what is really right for you. And you need to study how to best take advantage of timesharing. You found the right place....timeshareforums.

Grandview is always available for cheap as a last minute rental and exchange...that should not change for a few years as they will be in developer sales for some time. If you really want it bad you can buy it resale. Or you can always go back another time and buy from the developer if you really want to overpay.

Good luck.

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

Ok....since you are all timeshare owners...maybe you can explain it to me! I have spent the entire day on Google searching for topics relating to timeshares. I think I've only confused myself more! How can people sell these timeshare for a few thousands dollars? They just seem to good to be true. I guess it just doesn't make sense why someone would be able to spend say maybe $5,000 on a timeshare that will allow them vacations for the rest of their lives. There has to be a catch right??

How do people sell something for hundred's of dollars that they paid thousands of dollars for? We'll, there's a lot of people that buy a timeshare as a spur of the moment purchase (aka what you've done) thinking it will be a great way to save money on vacationing without thinking their purchase through. They don't research their purchase and then find that timesharing does not work well for them.

Most of the time, you need to be a peron that plans in advance to get the really good exchanges or even stay at the resort you own for the dates you want. I'd bet the average tourist doesn't plan their trips out any further than 60 days at the most. In timesharing, if you want to go to all those exotic places the salesman tells you about, you'll need to plan a little further out than 60 days. More like one to two years. They become depressed that they timeshare won't do what the salesman told them it would and, after a few years, just want to get rid of it along with it's maintence fee's which can be costing them $500 to $1,500/year.

One major group the developers seem to go after would be people who have retired or are about to retire. Health issues may get to this group and they can't travel like they use to or had planned on doing. Now they're saddled with the ongoing maintenance fee's of the resort and would like to get out from under them, so they sell out cheap.

There are even what's refered to as post card companies that send people advertisements that they'll take their unwanted timeshares off their hands.......for a fee. People will actually give them upwards of $3,000 to take their timeshares from them. These companies then turn around and dump them on E-bay for as little as $1 because they've already made their money on the upfront fee.

There are reasons to buy from the developer at developer prices. Brand new construction that's not available via the resale market, season/week specific in resorts that are extremely difficult to exchange into, unit location specific that you don't want to wait around for on the secondary market are a few I can think of. Your purchase offers none of those advantages unless you've purchase a NYE week in Vegas.

Not only does your purchase not offer any of the advantages of buying from a developer, it's in a location that is rapidly becoming overbuilt with timeshares and it does not have one of the best locations for a timeshare in Vegas. In fact, Grandview is about as far away from the action of any timeshare in Vegas save for the Cliff's at Peace Canyon. It's like owning a timeshare at a location known for it's great beach but you're 5 miles from that beach when all the other timeshares on on or very near that beach. Your exchange power will be greatly diminished compared to all the others.

On the other hand, Marriott has announced and is in preconstruction sales of it's new resort on Marco Island in Florida. If you ever thought you'd like to send a week in what would be their platinum season and you wanted a gulf front 3 bedroom corner unit, now would be the time to buy from the developer. The chances that you would ever be able to exchange into that exact style unit during high season for that location are pretty slim. Especially if you had a narrow window in which to travel. However, having said that buying that resort directly from Marriott might be the way to go, if you do have a narrow window in which to travel (ie: not very flexible with the timing of your vacation), you'd have to be a planner and be able to make reservations one year in advance. Otherwise you'd be having to take whatever week was left over or least popular for your season. If you're not able to plan vacations in advance, then it probably wouldn't make sence to buy at developer prices for this resort either.

So there is a time and place to but from the developer IMO. This particular time and place (Grandview Las Vegas) just isn't it.

[RavenManiac Member Find all posts View Profile Close RavenManiac]

Thanks! I looked into my contract, and it stated 5 days was the deadline to revoke. It has been 8, but I went ahead and sent the letter via certified mail anyway. Hoping that they will be kind (not likely, but I'm trying to be optimistic) and let me revoke anyhow. I appreciate everyone's help. Thanks!!

[reloader Member Find all posts View Profile Close reloader]

Raven we like you bought a timeshare on the spur but in the uk you get 14 days to rescind which we took..After doing a bit more studying we're gettin close to buying 1.When i was rescinding i kept telling the developer how the wife had run up credit card debt and that we wouldnt manage to scrape together the cash.Its amazing how that brings it round.I'm sure a mortgage problem and house repossion would do the same.

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

Thanks! I looked into my contract, and it stated 5 days was the deadline to revoke. It has been 8, but I went ahead and sent the letter via certified mail anyway. Hoping that they will be kind (not likely, but I'm trying to be optimistic) and let me revoke anyhow. I appreciate everyone's help. Thanks!!

We'll, you just joined most of us in how we got into timeshare in the first place. Now it's time to learn how to enjoy that first timeshare you've purchased and get the most out of it.

Despite the fact you paid developer pricing timeshare is a great way to travel. We started out in '98 the exact same way you have except that it was with Polo Towers. Since then we've added 6 more timeshares to our portfolio and it's about the only way we'll take vacation now. Timeshares will spoil you and staying in just a hotel room may never seem like such a great option again.

If you're planning on using your unit and it's a floating week (I believe Grandview is a floating weeks reservation), it's best if you can make your request as far out as possible. Right now while the resort is still in developement it might not be as important but as the resort nears sell out, the most popular weeks could be booked up faster making late planning all the more difficult.

If you don't tend to plan ahead you'll be able to deposit your week with I.I. and take advantage of some great flexchange opportunities. Flexchange is the 59 day window when almost all restrictions (ie: exchange power or lack of exchange power) are removed. You can get some really great weeks at some great resorts through flexchange if you can be flexible on where you would like to travel and can make vacation plans in under 59 days.

So long term planning or last minute planning, you should be able to get good use out of your timeshare. While Grandview is a ways out from the action, it is right next door to South Point casino. South Point has some nice restaurants, decent odds on gaming and nice amenities including a very nice movie theater that we've stopped in for a movie a couple of times.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

If you are 'stuck' with it then there is no reason to fret or beat yourself up over it. It is time to make the most of it and get the most out of it. We can help you do that. Learn all you can about your system. And keep asking questions.