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Capital resorts timeshare

Old 01-14-2017, 08:00 AM
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Default Capital resorts timeshare

anyone have it?

Pros or Cons?

Mom 70 and still healthy thought it was a wise thing to do and she bought one yesterday........sounds like a good deal, but we all know that saying.....
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Old 01-14-2017, 08:39 AM
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It can be,but buyer beware .If you can read the contract,that way if someextra charge comes up ,you can resolve it early on.
They actually have a company that gets folks released from some of these contracts.
All the best!
Vinnie
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Old 01-14-2017, 08:46 AM
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Vinnie, I talked to 3 different associates and the only other charges is a $600 per year annual fee for upkeep ETC......for more than 2 people at any of the destinations there is a upcharge, which is understandable. Coming to Gburg and staying in a NICE 3BR 2BA cabin with awesome views, was gonna cost us just 100 bucks for 5 days, but we bringing guest so we are paying 300 bucks for 5 days.....not too bad i think
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Old 01-14-2017, 01:32 PM
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A 70 year old should not be buying a timeshare period
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Old 01-14-2017, 01:52 PM
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Timeshares have been proven time and again to be a poor choice for spending your money. They are not an investment.
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Old 01-14-2017, 04:51 PM
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Originally Posted by gumpire View Post
A 70 year old should not be buying a timeshare period
It's turned down to me when she dies
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Old 01-14-2017, 07:04 PM
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if you can undo it, do so NOW
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Old 01-15-2017, 03:53 AM
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Timeshares and HOA's are something I will never be a part of.
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Old 01-15-2017, 04:39 AM
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We have friends that have owned timeshares for over 10 years. They have tried to sell for a couple of years with no success and have to continue paying annual dues. There frustrated and can't get out of them. I'm sure there maybe good ones out there but that has been their experience.
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Old 01-15-2017, 05:03 AM
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I would want NO PART of a timeshare

My parents bought one years ago, RCI, used to be a decent deal and you could move around

Not sure what has happened since my Dad died with it, Mom has dementia and moved in with my Sis. Sis handles Mom's personal stuff so guess I need to ask her

Seems like yearly fees had jumped up to about $1200 or so
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Old 01-15-2017, 05:07 AM
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There is usually a cooling off period, recidivism, that the deal can be undone, but hurry

You can then look into it further, and make an informed decision..

Where was she sold.. Ie how did the sales people get to her..
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Old 01-15-2017, 07:06 AM
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Bluff years ago in 1995 I was doing the Sun Trust bank changeout(signage),and I was thru Florida from Pensacola to Tala,all the way down to s.Miami,and looked inot time shares .In Daytona ba.they offer you a free dinner with drinks if you do the 90 min sales pitch.I know some time share are good ,and some are really bad with the additional charges ,seems like you have a decent one.
All the best!
Vinnie
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Old 01-15-2017, 07:18 AM
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Originally Posted by gumpire View Post
There is usually a cooling off period, recidivism, that the deal can be undone, but hurry

You can then look into it further, and make an informed decision..

Where was she sold.. Ie how did the sales people get to her..
She acquired into it a month ago and went back now and made the deal. She's happy so I'm gonna let her be. She's flying to Seattle for a Alaska cruise in may. $199
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Old 01-15-2017, 07:32 AM
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Bluff, I would eliminate the part rolling over to you. You will be stuck for life paying annual fees that go up every year.

My GF had/has one when we met. It's 4 weeks a year but venues can be changed to multiple locations. Westgate Villas Orlando. Since she had a small family she had banked many years. When we got together I have a large family. We took my mom and dad each year as well brothers and sisters.. Tbey all loved it. My sister bought her upgrades and she loves it. She has 3 weeks a year. So we visit Orlando, Gatlinburg and Williamsburg a few weeks every year. Gonna schedule Vegas and Hawaii later . Those take more planning. So-- for us it's worked out this far but I never would have made the initial investment.
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Old 01-15-2017, 07:33 AM
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Hey Man Mom's happy ,Then that's the deal.
God bless you & yours Bluff .My mom raised 12 of us .I miss that woman everyday, Rosie the riveter(actually WW2 press operator,)for DOF ,but back then called it something else,
All the best!
Vinnie
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Old 01-15-2017, 03:06 PM
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Anything you buy but cannot sell (unless you pay a buyer to take it) is not an investment.
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Old 01-15-2017, 03:33 PM
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Originally Posted by bluffman2 View Post
It's turned down to me when she dies
Do not let this happen. They fees will be on you and you will never be able to sell. My mother in law has one that has 800.00 a year fees. Not a good investment.
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Old 01-15-2017, 05:00 PM
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If she bought retail, from the resort, cancel it. Never buy from the resort. With a few exceptions (Key West, etc), actual market value is under $50.
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Old 01-15-2017, 05:08 PM
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Has already been said time shares are not investments but if it gets Mom to do some traveling, makes her happy and she can afford it, Why not.
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Old 01-15-2017, 05:17 PM
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My parents bought one in Orlando in 2003. They have been trying to sell it for years. The only interest from buyers has been people wanting my to take it if my parents gave them a few thousand dollars. No thanks.
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