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Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

       The only people who make money on timeshares are the re-sellers that flip them again and again.

Feb 13, 2018 08:21 PM
Rainmaker
3,534,653
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Fred Griffin gave you the perfect answer.  A

Feb 13, 2018 08:27 PM
Rainmaker
2,212,868
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

What Fred Griffin said. But please note that this is at least the third time in the past two weeks that this question has been asked. Why not refer to previous answers? And I'd like to suggest that you do some research, write a post about the subject... you will learn so much more that way... which I would think is your purpose in going to real estate school?

Feb 14, 2018 04:25 AM
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I am not a fan and ony see the disadvantages and how the owner cannot get rid or sell their interest.

Feb 13, 2018 09:41 PM
Ambassador
3,209,853
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

The only advantage is if you are the shyster selling them.

Feb 13, 2018 07:48 PM
Rainmaker
815,800
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

The advantages are to the people who sell them, re-sell them, and re-sell them again when the buyers figure out they are a bad financial investment.

Feb 13, 2018 07:37 PM
Rainmaker
4,066,325
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

I've never owned a time-share.... I've always bought real estate.... 

Feb 14, 2018 07:44 AM
Rainmaker
463,836
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

What Fred Griffin said.

Feb 14, 2018 06:12 AM
Ambassador
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Sorry, I know of NO advantages.

The disadvantage would be time-share ownership!

Feb 13, 2018 06:58 PM
Rainer
21,612
Gordon Newton
Newton Group Transfers - Gilbert, AZ
The #1 Trusted Name in Timeshare Exit

Someone else just asked this exact same questions.. here was my answer...

You will find that the disadvantages outwiegh the advantages in many cases. Keep in mind, I own a timeshare exit company and I have spent the last 10+ years helping consumers who are stuck in their timeshares get out of them.

In terms of advantages, if you get one for free (because that is the only way I would recommend getting one), you can certainly use it to vacation. For some people, they like to have plan for their vacations and timeshares allow them to do that.

Now, the disadvantages...

1. Most people overpay for something that has no value. I NEVER recommend buying a timeshare from a resort because you can usually get the same thing for pennies on the dollar or even for free. The average cost for a one week timeshare interval is roughly $20,000.

2. If you buy a timeshare and finance it through the resort, your vacations will actually cost you way more than they should until that mortgage is paid off.

3. Maintenance fees have risen faster than the cost of inflation over the past 11 years, and the average annual maintenance fee for a one week interval is roughly $1,000. This is a fee that you will pay (every year) whether you use your timeshare or not.

4. Sometimes timeshare owners are hit with speciall assessment fees  for upgrade and they are not optional. This can add to the cost of timeshare ownership.

5. There is no provision to get rid of your timeshare. This is what has created our niche called timeshare exit. The only value in a timeshare are the memories you make with your family while using it. After that, you will most likely need to pay a timeshare exit company to get it off of your hands. As long as you know this up front and account for it (and get it for free as opposed to overpaying for it) only then should you proceed to acquire one.

6. Your kids won't want to be stuck with your timeshare and the associated fees. Many times a sales pitch will tell you that you can pass your timeshar to your heirs... in most cases, they will not want it.

I hope that helps.

P.S. - If you (or anyone you know) sincerely wants a free timeshare, please have them contact me and I can help them get one for free. There is no need to pay money for a timeshare any more.

Feb 17, 2018 09:10 PM
Rainer
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Allie Yu
Coldwell Banker® - Grove City, OH

Sitting through the presentation. haha

Feb 16, 2018 11:54 AM
Rainmaker
2,346,030
Richard Weeks
Dallas, TX
REALTOR®, Broker

Look like Fred Griffin gave you a great answer.

Feb 14, 2018 05:37 AM
Rainmaker
2,532,607
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

The dis advantage is that the fees go UP and UP and UP. The advanatges... well you got a free lunch when you bought it

Feb 14, 2018 05:35 AM
Rainmaker
4,045,582
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Cheap to buy, difficult to sell.

Feb 14, 2018 05:32 AM
Rainmaker
2,732,908
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

We purchased a Disney time share - and sold it for a net profit several years later.  I understand that's rare.

Feb 14, 2018 05:00 AM
Rainmaker
644,404
Pete Xavier with X Group Real Estate Advocates
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

On a few occasions I've met people who really love their timeshares, but that is a very small minority of time-share owners.

Feb 13, 2018 08:36 PM
Rainer
116,293
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

There are still no advantages of time shares. 

I did work with someone that bought one for $5. He did get his money worth out of it, taking his daughters to FL for spring break each year.

Feb 13, 2018 08:34 PM
Rainmaker
744,988
Thomas J. Nelson, Realtor,CRS,e-Pro
Big Block Realty 858.232.8722 - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

One way to own with partners; but overall, not good.

Feb 13, 2018 07:37 PM
Ambassador
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I can't recall an advantage.

Feb 13, 2018 07:07 PM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

I heard about disadvantages only - so...

Feb 14, 2018 09:02 PM
Rainmaker
3,428,809
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

fees and hard to get out

Feb 14, 2018 06:42 PM
Rainmaker
4,395,574
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Few advantages. Try to sell one and you will learn about the disadvantages.

Feb 14, 2018 10:54 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Another school question?

Feb 14, 2018 09:28 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

Feb 14, 2018 09:04 AM
Rainmaker
2,520,512
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I am not involved in timeshares.  I wish you all the best with your real estate studies. 

Feb 14, 2018 08:04 AM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Advantage: You own a nice vacation property. Disadvantage: No ROI when it comes to selling, if it sells.

Feb 14, 2018 07:30 AM
Rainmaker
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Over the years, it seems all we hear is negative feedback  and people trying to get out of the arrangements: not using enough, hard to get to use when you want to and so on.

Feb 14, 2018 05:00 AM
Rainmaker
2,473,136
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

No real advantage, but several disadavantages!

Feb 14, 2018 04:09 AM
Rainmaker
461,880
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

I know someone who got one for free from someone who just wanted out of owning one.

Feb 14, 2018 02:51 AM
Rainmaker
1,657,253
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

No resale market and complete loss of value !

Feb 14, 2018 02:39 AM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

I know only disadvantages: waste of money. 

Feb 13, 2018 11:25 PM