Tell me your good/bad Timeshare Store experiences?

[No1HawkFan]

I purchased a 300 point contract from TSS in November of 2004. It was what they refer to as a triple package(very rare). It had 300 points banked from 2003, 300 points from 2004 and all 300 points coming 10/1/05. My purchase price was $75 per point and closing costs were $610. I did not have to pay any annual dues on the 2003 or 2004 points since it was to close in December and immediately after closing I had to pay for the annual dues on the points I was receiving for 2005 allocation.

Total price was $23,110. After closing I then rented out the 600 free points to offset the purchase price. So far I have rented 574 of the 600 points at $10 per point and expect to rent the other 26 as well. If I subtract the rental on the 600 points then my purchase price is $17,110 or equal to $57.03 per point. I believe this was the price around 1994. Anyway Disney wanted $89 per point for the same property at Old Key West.

I saved $9,600. That is a true comparision. I bought Old Key West and DVC had Old Key West to sell. It makes no sense to compare buying Saratoga from Disney and the Old Key West from TSS. The comparision is better resort to resort.

I guess, however, if I wanted to buy Saratoga then my purchase saved me $11,400. Saratoga might end in 2054, however, I always choose to be with the majority then the minority. Let's say DVC has something better February 1st, 2042 and everybody wants to jump on board. The Saratoga owner is going to say that looks nice, however, I am stuck with this for the next 12 years unless they try and sell.

Another thing that scares me is if I never need to sell. The TSS appears to do a great job of listing and selling properties. They do have a few listings for Old Key West because that is the largest resort. Beach Club properties sell for more money because smaller resort and not as many sellers. Simple economics of suppy and demand. Ten years from now after Saratoga has sold out I imagine the market is going to be flooded with Saratoga Springs listings. More supply means the sellers will bring less money and be harder to sell. I am sure most people never consider selling in the future when they are buying but is something to think about.

Sorry if I rambled on too much, however, I do feel that you experience a significant savings buying from TSS or any resale for that matter. Also if I ever do need to sell my property I hope that someone out there will find that my package beneficial to them. I also hope that the previous owner of my property enjoyed it for their time and now I will enjoy it moving forward. Works out best for buyer and seller and DVC doesn't need to make any more money on the transaction.

I apologize for the length of the post.

 

[MJTinNH]

I purchased my BWV resale through the TSS. Pat Spell was my sales person. She was very helpful and gave me a great lesson about how DVC Timeshares work. I.e. points, fees, banking and exchanges.

I enjoyed working with Pat and would not hesitate to use TSS and Pat again.

 

[RayJay]

We are new to this whole process and simply want to be cautious. I have heard fairly good things and just thought I would ask!
Thanks for your replies

So far so good, Jason was very helpful and timely, good communication and just waiting for ROFR, if we don't pass we'll try again. I will always go resale route unless there is a tremendous deal that Disney offers.

RayJay

 

[JimMIA]

While that analysis may work when comparing SSR to other resorts, it is TOTALLY worthless if a buyer is only interested in any of the sold out resorts. For that analysis, you need to use $89 as the direct purchase price and the years are all the same.

Well, first of all, my comments (which I have removed) were originally posted in response to another post specifically about SSR. Secondly, I don't agree that the analysis is "totally worthless." The analysis was valid given the assumptions I used and which I made perfectly clear, just as No1HawkFan's analysis is valid based on his particular case. Every case is different. If you change the assumptions, OF COURSE the logic and calculations will be different.

I'm also disappointed that a webmaster would take such a harsh view of someone's opinion, although this is not the first time I've see this. It's the first time it's happened to me, but certainly not the first time I've seen a webmaster flame someone. I thought your PM was much more appropriate, and as you can see, I took the comments off myself. I apologize if someone interpreted my comments as being negative against the board sponsor, but they were not intended as such.

 

[Disney Doll]

Did an OKW resale about 3 years ago with pat Spell as our agent nad had no problem. This was in the days before ROFR was used a lot by Disney, so start to finsih the entire transaction took about 6 weeks, and was completely painless.

 

[drakethib]

They are good people to work with.

If there is a problem, they seem to take car of them.


I would use them again if ever the need arises.