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Everything was booked in Orlando. Over the past 8 years, we've made payments of $180 a month and it already exceeded the total price of the unit, but we still have to book our family vacay based on when they have the unit vacant, that isn't even the argument here, My argument is, why the ** are you charging me this money and I'm still not able to book when I want? Owners don't have to worry about contracting for repairs, hiring a caretaker or . Upfront fees vary, but you can get five-year memberships for as low as $2,000 or lifetime memberships for $3,000. A timeshare is vacation real estate ownership where several people share the use of a property, usually for one or more weeks on an annual basis for a given number of years. 5 Advantages of Timeshares 1. The Pros and Cons of Owning a Timeshare. On RedWeek.com, you can exchange with our partner Dial An Exchange (DAE). Cons- The first morning we were there the phone rang 3 times and we didn't get to it soon enough so someone came to our door and said we had to go to the front office ASAP fill out a form about any broken items in the resort or we would be liable for them. Westgate Timeshare offers a variety of resort options all over the United States, from the rustic beauty of the Smoky Mountains to the sunny shores of Florida. You can let people use your timeshare for free. Let me get my supervisor," at the point it had been 40 minutes before a supervisor came out. Nothing was explained to us, in fact, we were told that there are multiple Westgates in Puerto Rico and the Islands, where we wanted to go on vacation, but it was all a lie. They just want your money. You cannot think of a timeshare as a financial investment. Have you ever rented a timeshare before? *** was kind and professional and not at all pushy!2. Our timeshare rep at Westgate Smokey Mountain Resort was great. Front desk offers it a lot (especially around high season). We made it to our appointed appointment time for the timeshare presentation. But timeshare ownership provides you an opportunity to enjoy an extraordinary vacation adventure each and every year for the rest of your life! With your own luxury villa, youll save on long-term vacation costs like rising accommodations prices, and on short term costs like meals. Destinations like Orlando, Las Vegas, Williamsburg and Park City are sure to build vacation excitement. Lets explore the pros and cons of this timeshare to help you make your decision. You purchase the timeshare, then pay maintenance fees. Before you make your decision, its important to weigh the pros and cons of Westgate Timeshare. If there was an option for a zero star I would. If you buy a "deeded" timeshare, you are buying real property. Read more about the process of renting your timeshare. The beachside resort sits in the heart of the Grand Strand, putting you steps away from live entertainment, family-friendly attractions like Family KingdomMyrtle Beachs only seaside amusement park, water sports, and more. Nolo notes that one of the consequences of this disadvantage is that it can affect your ability to obtain future credit. As the world's largest privately-owned timeshare company, Westgate Resorts offers nearly 30 amazing resort properties across the United States. This means buying the right to spend a set period in a vacation property. Do yourself a favor and do not book with Westgate, their business model is to sell timeshare and memberships and even those people get scammed. A lot of diversity, Anyway, we stayed in Gatlinburg, and it was not really to our liking, although the mountains were beautiful. This price is often times lower per-night than area hotels, with much more value per dollar. This structure is beneficial for families with pets or large families where it may be challenging to find accommodations otherwise. Anyway, I booked the hotel and got a confirmation email with a confirmation # and a receipt showing itinerary # (see picture). This is already feeling off, but let's talk about those six reasons timeshares really aren't worth it. The concept of the timeshare swap is simple: You have a week of time at a resort in one place, but you'd rather take your vacation someplace else this year. Often, the developer will arrange financing for you, but at a much higher interest rate than banks that do make the loans. Some companies provide options around the world that make it easier to find a place to stay when traveling to a foreign country. Youll get to visit the accommodations, take advantage of the amenities, and see if timeshare ownership is something that can be beneficial to you. This entire timeshare thing is a money graball the way around. A time shareable give them exactly what they need. 4. 3. Mr. Westgate is living at Versailles, and the little people who struggle to buy his timeshare and god forbid, find the time to use it, are charged a fee for every little thing. Honestly I found that irrelevant because I was willing to give them my card again and when you make a purchase you never go back to your card to see if the payment went through especially when you are given a receipt you assume they took payment if they give you a receipt showing how much you paid with your last four digits of your card attached to that, I asked my husband to log in to his card app to see the transaction went through but there was no cell service in their hotel. As a Westgate Owner, youll enjoy much more than a spacious room and an ideal proximity to the top attractions. Total cost in today's dollars**, * Assuming $200/night RUN AWAY! If you must borrow to purchase a timeshare, you have no business buying one. We have grown from 200 members to 2000 in less than 6 months. Unlike a vacation home which may be vacant part of the year, you only pay for what you use. There is no secondary market because these fees are intolerable and who wants to saddle their heirs with this responsibility (yup, when you die, you still can't get out of this annual debt). They have timeshare properties located across the United States, including in Myrtle Beach, SC; Orlando, FL; Williamsburg, VA; and Gatlinburg, TN. You might enjoy letting your friends or family use their timeshare for free or offer it at a charity auction. Timeshare owners will pay an initial fee to buy into a property, the purchase price, as well as an annual maintenance fees to a third-party operator - even if they don't stay in the timeshare that year. Your equation becomes: $550 But there is a larger supply today making this largely a buyer's market. Whatever destination you choose, Westgate Resorts puts you in the center of the action. Timeshares can be a good choice for people who like to vacation in a specific place each year. You are getting a piece of a property, but it doesnt come with the investment qualities that you would have with a traditional transaction. 3. They're also known for having unkempt and outdated rooms despite showing customers state-of-the-art units . Check out leading online reseller, SellMyTimeshareNow for unbeatable deals on Westgate timeshare rentals. For a sophisticated lifestyleLuxe Beat Magazine is the premiere resource for all things luxury. Westgate Resorts: Orlando, Florida: United States 28: 13,500: Shell Vacation Club Orlando, Florida: United States, Canada, Mexico 25: 86,000: First, a little background about the four types of timeshares: 1. Who has maintenance fees of $500 a year. These snake oil salesmen really want your money, and if you have that kind of money to burn then go for it. Americans are notorious for giving up vacation time. Yes it did go on our credit record. Assessment fees happen in special cases where something at the resort needs to be fixed, and the cost exceeds the maintenance fee reserves. If its the latter, a timeshare isnt right for you. There is flexibility with the schedule on most properties. Total cost in today's dollars**, * Assuming maintenance fee remains constant For information regarding our accessibility policy, please review our Accessibility Policy. Buying an international timeshare comes with its own unique set of challenges. With Westgate Resorts, you own not rent your vacations. This URL was pasted on the Board-run owners website for Carriage Hills timeshare resorts, where the maintenance fees haven't been $500 for the past 20 years. Due to the upfront costs, and the fact that the majority of timeshares do not appreciate like normal real estate, the cost savings is in future vacations. You will have access to all of Westgates resorts, which can save you money on airfare and lodging. A timeshare is a piece of real estate that has fractional ownership or usage rights. Lol, Resort dates are never available when we want to use them, hotels are usually cheaper on Expedia, and HOLY FREAKING COW what a nightmare trying to schedule a cruise. Ownership offers plenty. We sat and waited till our names were called. This option has more freedom than the fixed week version, but getting the exact time you want may be difficult when other shareholders snap up many of the prime periods. This means that with deeded ownership, many deeds are issued for each property. Unsubscribe easily. Then, lenders can go after your other assets. ConsumerAffairs is not a government agency. If you're ready to be more spontaneous with your travels, you can always shop last minute rental deals and uncover even more savings. Once youve decided on a package, you can move forward with the purchase and start making plans for your vacation getaway. Buying a timeshare can eliminate this hassle with a guaranteed result and a predictable cost. And I can't trade to another Westgate property because they take the good places and keep them to rent for high rates instead of for trading with other Westgate owners. Most timeshare units have floor plans that closely resemble two bedroom, two bathroom condos or apartments, usually with an additional sofa bed in the living room. They offered Zero solution. And if you think you need to buy a timeshare to take advantage of their benefits, you are also wrong! If you buy, you are joining a very happy bunch of vacationers. There are some risks involved with this advantage, so use it wisely to avoid a charge against whatever security deposit you may need to pay. The developer maintains ownership of the property, however. However, we are focused on consumer education and we do not want anyone to make a purchase without fully understanding both sides of the story. Be sure to also read our Buy a Timeshare article for more information on options available, and then check out timeshare resale deals on RedWeek.com. If you dont pay up, the developer can foreclose on your timeshare. Timeshare Pros and Cons; 2. Thus, it might be a better deal to buy a used timeshare on the secondary market. However, timeshare has an unfortunate reputation of being associated with hard sales pitches and sneaky sales techniques similar to the notoriety of used car sales. Then you come back and then the pressure for the sale is on. Your weekly cost for a hotel room* The company offers customers more than 13,500 timeshare villas and access to properties at 28 resorts. There are extraordinary values in timeshare resales today due to decades of problems in the ability to market them by the owners. Flexible Usage Options. A timeshare is a single property you visit year after year. There is predictability, but also little flexibility and the potential for long-range boredom. That is why traditional lenders almost never provide financing for this option. You deserve a vacation. Right-To-Use With this arrangement, the buyer leases the property for a given amount of time each year for a set amount of years. Not to mention, direct beach access for days relaxing on the sand and shore. A resort membership requires a one-time payment for access to a resort. That is why it be may be wiser, although more expensive, to work with the property representatives directly. We want everyone possible to know how dissatisfied we are and to warn everyone we possibly can to stay away from Westgate. The most common type of timeshare is called a "fixed week" option. Timeshare: A timeshare is an ownership model in which many customers own allotments of usage in the same property. Timeshares are designed so that each unit has about 52 individual owners, each with access to the unit annually. We will be starting a legal action against the Westgate Resorts. 6. The material below may help you decide. Points give you the opportunity to explore destinations across the globe, and can be applied for bookings beyond villas, such as culinary tours . However, once we were members nothing was available not even a year out. Come find out why. We're going to explain the pros and cons of right of first refusal, as well as what it is, and how it impacts your ability to sell your timeshare on the resale market. It is possible for scammers to defraud victims out of several thousand dollars using phantom contracts or selling the same contract to multiple parties. I heard of people losing their house because they didnt pay the maintenance fees. Most banks and mortgage brokers are not willing to mortgage timeshares. However, if you are worried about the fee, consider taking simple precautions before you buy. While timeshares typically come with many benefits and can be a great long-term investment, there are also some potential drawbacks that should be weighed . Timeshare resorts are known to have a lot of additional benefits like multiple swimming pools, kid's clubs, full-service spas, multiple on-site restaurants and bars, daily and weekly activities, fitness centers, and much more. If you have never been to a timeshare resort, take advantage of some of the fantastic deals on RedWeek.com and rent a timeshare week first. Research the resort and management company to be aware of any outstanding complaints. If you find yourself in foreclosure, this disadvantage means the outstanding balance of the loan and unpaid maintenance fees are usually higher than the value involved. Company Office Resort locations Number of resorts Number of rooms Number of owners . Sometimes due to personal circumstances for owners, resales can be priced for as little as the cost of a one-week rental! The timeshare company lets you vacation there at preset times, usually a week or two each year. 4. If you bought a timeshare directly from a resort developer, about 50 percent of the price you paid went to their marketing costs in selling it to you - costs such as the salesperson's commission, the mailers, phone calls, prizes, sales booths, and other activities that went into getting you to buy. When you own a Westgate timeshare, you have access to luxury vacations at discounted rates. Thank you, you have successfully subscribed to our newsletter! We purchased a Westgate Timeshare in 2016 and for the rest of the remaining years, it's been nothing short of HELL. As part of their purchase price, the co-owners reserve a period of time in which to occupy the timeshare. Expect to pay at least $660 per year for the timeshare that you want, whether you end up using it or not. Too crowded and commercialized. There are other niceties they say you can get and they show you other locations you can go to. They gave us no time to review the contract we signed, and no one told us we had a rescission period. Buying a timeshare in a foreign country presents special challenges. Timeshare is often seen as a double edged sword. It wouldn't be right to simply comment on timeshare without looking at some comparisons. And while you probably will still want to go out and explore, its nice to have the option to stay back and relax while the kids stay entertained. Doesn't discredit our experience and time we wasted, we had a dog sitter and tickets to Universal plus all the time driving. You could make the time that you have available through a charity auction as a way to raise money for a good cause. Unfortunately, it is often difficult to factor them in, since they are not a constant. However, the actual deed and therefore the ownership stays with the resort. Westgate timeshare resorts can be found in the most desirable travel and vacation destinations across the United States. We looked into ways of getting out of the timeshare and Bluegreen wouldn't buy it back. We arrived at the hotel about 5:30 to check in there is a huge line of almost 45 minutes to check in, when I get to the front desk my reservation was nowhere to be found, the girls at the front desk kept looking for my reservation for about 20 minutes asking me all kinds of questions, "Your name, your email. Have peace of mind knowing your vacations high quality getaways are locked in forever, at todays affordable prices! The company itself always showed appreciation to their employees. An average timeshare costs $20,000 for a family of four + $15,840 of annual maintenances fees x 18 years = $35,840 So, average timeshare family savings = $18,160+ over 18 years of vacations Do the math, take a tour, and see what membership level is right for you. Taking care of timeshare VIP Owners of timeshare, timeshare owners of all brands, hotel guest, VIP from casino marketing your day is never dull always busy. The basic timeshare concept is simple: you pay a one time purchase fee that entitles you to a week every year (or sometimes every other year) at a resort. You will have access to all of Westgate's resorts, which can save you money on airfare and lodging. The company offers timeshare owners a huge selection of amenities at their resorts, including soda shops, pool bars, spas, putting greens and more, so traveling to their timeshare property feels like a real vacation. August 12, 2016. We value your privacy. It feels like a scam with all the sales pressure they put on you. You'll find timeshare resale companies under investigation, as well as legitimate timeshare resale companies. There are multiple types of timeshares to consider. Some people enjoy letting others use their timeshare in for free for variety of reasons. Years of vacationing 4. 7. Using this calculation, you could pay as much as $25,500 upfront for a timeshare and break even with comparable hotel vacation costs. Numerous outposts: Timeshare scams are at an all-time high, especially when they come as timeshare resales scams. (There is pending legislation in the Mexican Congress that may change that in the near future.) Resorts with amenities: This is never an issue when you stay at any of the Westgate resorts because they were thoughtfully constructed with convenience in mind. After considering the pros and cons of having a timeshare, my conclusion is that it is not always worth it. Westgate Timeshare can make it happen! Over the years, we have seen timeshare being hyped up and we have seen it being lambasted by many critics. If you buy an annual fixed week, you are guaranteed that same week each year at a resort you are familiar with, and don't have the hassle of vacation planning year after year. Try Before You Buy There is also a cost consideration here - if you're buying a timeshare for exchange ability, you'll want to pay close attention to these as well. DONT WALK. 2. I would not recommend anyone to sit through one of these presentations unless you have the will power to say NO. It is a fact that timeshare owners are more likely to use their vacations than those who don't own. Ask the seller whether the management company has capped the amount by which the maintenance fee can increase annually. At our wealth management and planning firm (The H Group), we occasionally get questions from clients about timeshares, most calling after the fact fresh and tan from a vacation wondering if they did the right thing. When I locked my credit card and they couldn't take payments anymore, they sent us to collections and that's what we are dealing with right now. Got to remember there are maintenance and homeowners association costs, alond with property taxes to consider. That would have been devastating. Unsubscribe easily. Ask to see what the maintenance fees have been in past years so you can make an educated guess about what the increases might be, based on historical data. According to the reviews, many Westgate timeshare owners have had very negative experiences with the company. Convenience is key when planning any vacation, and if youre traveling to a destination for specific local attractions, you want to make sure that your accommodations are in close proximity. You won't be responsible for maintenance fees or taxes, though some memberships have yearly fees. If you buy a floating week timeshare, you will have more flexibility in when you use the timeshare, but availability is given on a first-come, first-served basis. You should also check with the seller to see if the contract will contain provisions protecting you from surprise assessment fees. 2. The best part is, when you don't go, he takes it and charges someone else to stay in it. 1. Customers say that Westgate uses high-pressure sales tactics and holds people in sales pitches for hours longer than promised. Advantages of Owning Timeshare Secure Your Future Holidays Buying something means you can use it whenever you want. Photo courtesy morguefile.com. What a bunch of malarkey financial info. In Mexico, for example, foreigners are not allowed to hold the direct title to property within 30 miles of the coast and 60 miles of international borders. Conversely, couples may like cozying up to a fireplace . We value your privacy. We work hard for our money and wished we would have found a more honest company to do business with. We stopped to eat something before driving back home, we made it back at around 2:00 AM. 2. And staying in a Westgate Myrtle Beach timeshare, youll fall asleep to the crashing of waves and awaken to spectacular sunrises over the Atlantic. See more differences between hotel and timeshare condo accommodations. As one of the world's largest and most popular time share companies, Westgate Resorts offers exceptional properties in many of the most prominent vacation destinations in the U.S. With a timeshare, let's assume you find a deal on RedWeek.com for $8,000 with an annual maintenance fee of $550. Their timeshares can be exchanged through Interval International. 1. If you are unable to pay the annual maintenance fees for your timeshare, then the developer of the project can foreclose upon the property. Well start sending you the news you need delivered straight to you. The Resorts are pretty nice but our Maint. So, planning farther in advance serves you better. 1. Enter: timeshares, an affordable way to vacation in style. You are told that what they are offering is only valid for that day. Some contracts will not permit this action, while others may charge a significant fee to locate someone who can take over the space during your absence. Be wary of timeshare salespeople who answer your questions with a question and wont be upfront about the purchase price. Not even an apology. Here are a few pointers: Think of a timeshare purchase as a lifestyle purchase, not an investment. 6. Westgate representatives did not disclose vital information at the time of our purchase that could have altered our decision to make our purchase. Try these topics 2023 Westgate Resorts. This site uses Akismet to reduce spam. Companies displayed may pay us to be Authorized or when you click a link, call a number or fill a form on our site. Timeshare companies. Fixed Week The buyer usually owns the rights to a specific unit in the same week, year in and year out, for as long as the contract stipulates. There is a fee for everything. Some of the top destinations in the Westgate portfolio include popular locations like Orlando, Las Vegas, Myrtle Beach, Park City, Branson, and more! Affordability and value are extremely important when it comes to planning your vacation. If you think you have to spend more to have a more enjoyable getaway, you are wrong! Unlike a vacation home which may be vacant part of the year, you only pay for what you use. WG Cruise & Travel is a BIGGER scam than the resorts though. A well-managed resort needs to spend money to retain the value of your purchase. Destinations like Orlando, Las Vegas, Williamsburg and Park City are sure to build vacation excitement. Thus, the use of a very expensive property could be more affordable; for. Or do you have a mix of activities and destinations, such as camping adventures, cruises, road trips or organized tours? Theres simply no better way to create family memories, strengthen family bonds, create unique experiences, and establish a family vacation legacy that will be cherished for years to come. pros and cons of westgate timeshare. Westgate also offers great customer service, so you can rest assured that your vacation will run smoothly. or fill out this form to learn more about timeshare ownership with Westgate Resorts. They are greedy and ruthless and will leave you out to die unless you pay thrice the amount at which you booked their room!! If unexpected circumstances arise, or you simply cannot take your vacation one year, timeshares afford other options. The manager comes over and makes a final push and then offers you a one week stay for like $795.00. For instance, if a buyer wished to purchase two weeks of annual vacation time at a . Be the first one to find this review helpful. Because the timeshare requires you to purchase a fractional part of a property deed, there are international complications to consider if you want to purchase a contract outside of your home country. Plus, you can take advantage of discounts and offers available exclusively to timeshare owners. Sign up to receive our free weekly newsletter. Upfront purchase price Westgate Lakes Resort and Spa is located in sunny Orlando, Florida, and is the ideal spot for a family getaway.