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Re: WALK AWAY FROM TIMESHARE (by Toni K.):

andrea364 wrote:

I have questions about timeshares. I am seriously thinking about buying a timeshare on the beach in my favorite place New Smyrna Beach, Florida. There is a listing on eBay I am thinking about bidding on and the auction ends in less then 24 hours. The cost would be whatever the auction ends at, plus closing cost of about $400.00. It is week 2 for inventory purcpose and floating week 1-52, 2 bedroom, annual mainentance fees are about $425 right now. I have never bought a timeshare before, so I am hesitant to do it. Are these things worth it? There is no way I could stay on the beach for anywhere $425 per year. I could also buy through Redweek for up to $1500 for a 1 bedroom. This is at Islander Beach Resort a very nice place as I have seen it from the outside, while driving by. Can some one please help me to decide. Are these easy to sell if I loose my job, etc and need to get out or am I going to be stuck for the reat of my life? Also, what about RCI, etc. I know nothing about these things, please help!

Thank you,

Andrea

Andrea:

Sorry I just now saw this message.

Yes, I think if you plan to go on vacation at that particular resort, it is worth it. I bought mine from E-bay and haven't used mine yet but bought it to trade. It is expensive to join the RCI (It's over 100 per year) and than there is an exchange fee on top of it.

My boss is an expert in timeshare and he always says buy right on the beach, watch out for the monthly maitenance fees. If you are under $500 for 2 bedroom, that is excellent!