Timeshare warnings – reasons not to buy

From broken promises about room quality to rising maintenance fees, to problems exchanging weeks through RCI, here’s an article that outlines numerous problems with timeshare ownership. People complain about the big companies like Marriott as well as the little ones.

Here are a few blog entries about timeshares that got some interesting / useful comments:

St. Kitts Mariott Timeshare, reslae timeshare information, should I buy a Marriott timeshare?

Personally, I’ve been warned by enough people. Even though I know some people who love their Disney timeshare, I don’t think I’ll ever go timeshare shopping.

Filed Under: Vacation property

Comments (17)

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  1. Norma says:

    Timeshare is a big rip-off. When I bought my timeshare unit in Orlando in 1990 I was never told I had to join RCI for exchange purposes. RCI has never accommodated me, every year I paid them the annual membership and the exchange fee, usually totalling over $500.00 canadian. Never was I successful in getting the exchange I wanted, they always made excuses, either I didn’t bank long enough or my ownership was a 2 star and they only had 3 star and I had to pay the difference. The associates were rude and very unpleasant. I finally cancelled my RCI subscription about 5 years ago and I now visit Orlando my home timeshare every year.

  2. Neisha says:

    Our experience was about the same, only at a timeshare in Williamsburg, VA. After being “ripped off” for about $300, twice, (shame on us)by companies promising to sell our timeshare, we finally deeded it back to the company. We did do some exchanges with RCI, but was only successful once in about 7 years, in getting an exchange where we wanted. Don’t buy a timeshare!

  3. Sadie says:

    I guess we have been lucky. We had one timeshare and ended up buying another one because we have had such wonderful vacations at exactly the locations we asked for. You have to know where you want to go 10 months in advance, but that is okay because of my husband’s job we need to plan far in advance and it gives us something to look forward to at least twice a year. The people at RCI have always been wonderful to work with. If we had the time I would buy a third one.

  4. Art says:

    Timeshare is the biggest ripoff going! We purchased one in Arizona 5 yrs ago & were promised all sorts of exchanges & amenities. We were never able to even book in the one that was purchased. Always excuses & unreturned phone calls as well as unanswered response to our emails. We stopped making pmts. and were threatened by collection bullies with ruination of our credit,etc. After complaints to numerous state agencys, we did recieve a refund! STAY AWAY!

  5. James Trotta says:

    Wow. Some scary stories and someone who gets what they want. It seems that there are a few people who get what they want but not enough…

  6. Celayoa LaCour says:

    I bought through Trendwest and I have been extremely pleased. There are appro 60 resorts in the US to vacation at. You do not just choose a “homeresort”. The staff is wonderful and the condos are all beautiful. It also uses a point system instead of the typical exchange week. I have been to Arizona twice, Oceanside, Ca, Palm Springs, and Big Bear just this year. Also, new resorts are being built year and the owners do not have to buy up to enjoy the new lodgings.

  7. angie says:

    I have never purchased a timeshare because I had heard similar stories about not being able to stay WHERE you wanted, or WHEN you wanted, etc. However, I have purchased timeshare RENTALS on ebay on three occasions, for less than $500 for a one week stay. Last year, I stayed at Westgate in FL for $325 for the whole week, and I did not have to attend any seminars where they try to convince you to purchase one.

  8. Terry Pedley says:

    I purchased a time share in las vegas in 1992 at polo towers, beautiful place. Only exhanged once because Of Interval International Anual fees and exhange fees.Polo towers went up on the maintence fees fron 175.00 a year to 500.00 a year. I spent about 800.00 in fees trying to sell it. Finally sold for about half of what I paid And that cost me another 1500.00.

    So all Said and done I came out with 3500.00.

    Newer will I own another one.

  9. Becky says:

    We’ve always been pleased with our Hilton timeshare, and with RCI! We’ve never had a bad experience, and the RCI exchange has allowed us to stay at some really nice places in Europe. We’re happy we bought in.

  10. Bart Gach says:

    We own 4 timeshares and for the most part have been very happy with them and have made most of our trades through RCI without much problem. So much depends on what you own. All of ours are Gold Crown (top of the line) and rated tops.

    We own points in Worldmark, and weeks at Lawrence Welk (Escondido), Donatello in San Francisco, and orange Lake, Florida. We have owned for about 20 years and my kids have been able to see much of the USA thanks to timeshares. Use em or hate em.

  11. DEREK says:

    MY TIME SHARE IS IN ST. THOMAS, VIRGIN ISLAND AT SAPPHIRE BEACH. MY MAIN COMPLAINT IS THE VERY EXPENSIVE MAINTENANCE FEE. THE ANNUAL COST IS NOW OVER $800.00. IT INCREASED OVER $300.00 LAST YEAR. WITH INCREASE AIRFARE, THE VACATION HAS BECOME TOO EXPENSIVE. I WOULD NOT PURCHASE ANOTHER TIME SHARE WHERE AIR TRAVEL WOULD BE REQUIRED. LAST YEAR I EXCHANGED AFTER PAYING $800.00 AND AN ADDITIONAL EXCHANGE FEE TO GO TO WILLIAMSBURG, VA. MY OUT OF POCKET FOR A WEEKS TIME SHARE AND EXCHANGE WAS OVER $1,200.00.

  12. ignacio says:

    If you plan on buying a timeshare ask the Hotel that is selling the timeshare, what will be the exchange company that you will deal with if you wanted to bank your week inorder to swap for a different location. Do some research on that exchange company before you buy the timeshare? Read what people say about them. Also find out if you buy a STUDIO, if you can swap your week at your resort with the exchange company for something better (maybe a 2 bedroom villa). My motto is buy small, spend less, and exchange for something better.

  13. glenda says:

    I am being approached by Fairfield Resorts. Any comments pro or con would be appreciated.

  14. Anita Timm says:

    I have a timeshare in Orlando Florida at Westgate Town Center which is about 1.5 miles from Disney World. I am willing to give it away. I paid $20,000 for it. Send me an e-mail at anita.timm@yahoo.com.

  15. CY of ATL says:

    This message goes to anyone who is interested in lobbying Congress to get those of us who were duped into purchasing our timeshare, out of our contract. I don’t see much difference from this and what homeowners are currently going through. And the difference I do see is that the Timeshares racket is more egregious and has been going on much longer. Congress has proved if it really wants to, it can address the contractual issue that everyone has said was impossible. Please let me know if you’re interested and we can discuss the next steps. This goes only to those who are ready for a fight. CY of ATL.

  16. N. Karstedt says:

    I would like to hear from timeshare owners at Sapphire Beach Marina and Resort in St. Thomas, USVI who are now being asked to pay nearly $1200. in maintenance fees for a place that is in total disrepair.

  17. Nathan nava says:

    I ‘ve seen everybody complaining of time shares but in reality

    For me is Been grat i can travel worldwide cheap and i use it every year cabo san Lucas it is my favoryte place

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