Welcome to Start the Week, today we have a look at some of the items found while having a look at some of the forums, groups and blog sites on the internet about timeshare.
First we look at a discussion on the Diamond Resorts Advocacy page of Facebook, one of the members started a thread regarding an owner update meeting at their resort. During this meeting the sales agent was discussing transferring their deed week into points, part of the pitch was that there were no maintenance fee associated with points.
Well you can imagine the comments that abounded following that post.
So, if there are no maintenance fees attached, that has to be good, yes?
No, after the owners pushed and pushed the sales agent, they admitted there were fees associated but this wasn’t maintenance, so what is it?
As you can guess, just a change of name, it might be management fees, club dues or some other concoction of words, but in the end they are what they are, extortionately high fees!
To us in Europe especially the UK it is what we call PC or political correctness, I prefer to call it Newspeak from George Orwell’s 1984, change how you say it to confuse the masses. Some good examples are the cook, you are not a cook you are a nutrition technician, a garbage collector or what in England we call a binman or dustman, they are waste disposal engineers. It makes no difference what they change the name to it is the same thing.
We also received from a reader a post in the Anfi del Mar Contracts FB page, it was an advert for a timeshare for resale, it was far far less than what they probably paid for it. This is a subject we have published in the past, (see link below).
We all know that as far as resales are concerned they really do not have any value, just search ebay “timeshare for sale”.
Many of those advertised are either for the derisory sum of £1 or even less, we have even seen them for £0.01, this particular one even showed the annual maintenance fee of £687!
There are many others such as Marriott, which are not cheap when originally purchased being advertised for over £2,000, this is the value the owners believe it is worth, having paid around £15,000 upwards for in the first place.
We all know that many owners believed the original sales pitch, it was property, it is an investment, it will go up in value. The only thing that is likely to go up is maintenance fees!
There is also another problem associated with resale, the “scam” companies that have been set up, taking upfront fees to list the timeshare for sale, knowing full well that it will never sell. As Lisa Ann Schreier asked in her “Open Letter to Timeshare Developers” published on Inside Timeshare, Why do you not buy back?
A very valid question.
Another valid question to our readers is: What do you think your timeshare is worth, considering what you paid for it? We would love to hear from you.
Last Friday, Mindtimeshare published another warning of a cold calling company called Resort Management Direct or RMD, this is actually an old company offering bargain priced holidays at various resorts. The whole point is what is known as “flybuy”. Part of the deal is that you attend a presentation for a timeshare.
The Warning put out about this one though is very disturbing, the call from a lady called Angelina, states that she is calling from “Resort Management at Club la Costa”. So once again we have a company calling timeshare owners purporting to be from their resort.
So there we have it, from timeshare sales agents trying to bamboozle owners at update meetings to Owners believing they actually have a timeshare that is worth something, finishing with a “flybuy” company clearly stating they are from a legitimate timeshare resort. You really do have to be careful and not believe the first thing you are told.
Have you had an experience of sales agents giving you the runaround, have you tried to sell your timeshare and ended up losing money, or even had a call similar to those of RMD, if so Inside Timeshare would like to hear from you.