Just Bought Timeshare Who Do I List on Deed

[djosephm]

So you are taking your nest egg that you have been working so hard to save up and spending it on this? Honestly, this is not what you want to do.

Do yourself a favor - look at all the timeshares you can get for free, and re-think this:

I appreciate your input I will buying addl Bluegreen timeshare for pennies on the dollar.

 

[T-Dot-Traveller]

Find out if Blue Green has specified fee structure for any deed / title change .

******

There are times ( rare ) when buying from the developer adds enough value to make sense . I have no idea what value "Charter" gives you in Blue / Green .

For example - if it gives you the right to book Club La Pension New Orleans - 18 months ahead and that means you can book Mardi Gras Week every year and then rent it for $ 1000 + more than your cost , spending $ 3000 could make sense

Note my addition & click to expand

 

[DeniseM]

T-Dot-Traveler - I am disappointed that you are encouraging someone to buy from the developer. You know that renting is not a newbie strategy, and you should be encouraging the to do their research first.

 

[djosephm]

T-Dot-Traveler - I am disappointed that you are encouraging someone to buy from the developer. You know that renting is not a newbie strategy, and you should be encouraging the to do their research first.

Hey DeniseM I can't be that stupid - I didn't buy a full fledged package at the presentation LOL

 

[DeniseM]

No one says you are stupid, but any pkg. that you buy from the developer is far more expensive than what it is worth.

This is the truth: If Bluegreen called me up and offered me any week in their system and included points, I would say no thank you. Buegreen is a mediocre system with no top resorts and we have people who give them away all the time on TUG, and people who try to give them away, and no one wants them.

I can see that you are determined to go through with this, so I will just say good luck to you.

 

[djosephm]

No one says you are stupid, but any pkg. that you buy from the developer is far more expensive than what it is worth.

This is the truth: If Bluegreen called me up and offered me any week in their system and included points, I would say no thank you. Buegreen is a mediocre system with no top resorts and we have people who give them away all the time on TUG, and people who try to give them away, and no one wants them.

I can see that you are determined to go through with this, so I will just say good luck to you.

Even a charter package?

 

[djosephm]

Anybody have a Hammocks at Marathon for sale?

 

[DeniseM]

I wouldn't take ANY Pkg. - as I said, Bluegreen is just not that desirable.

What is it about the Charter Pkg. that you think is valuable?

 

[djosephm]

Bonus time 69 dollar rooms at tourist destinations like Marathon FL in the Keys, Hawaii, Aruba, etc

 

[T-Dot-Traveller]

Denise
I am simply saying there are nuances to each TS system and the OP / djosephm seemed to have some knowledge on the Blue / Green system
and posted that after getting " Charter " all future purchases would be resale .

I have no idea what " Charter" gets you .

my hypothetical example of it giving a longer ARP so you could rent a high demand week was to show that spending money (to the developer instead of resale)can make sense .(rarely - but sometimes)
and I am not suggesting anyone (not named Ron or Linda or Denise) get into renting on a whim .

I do know that if you want Charleston SC regularly - Blue / Green is worth investigating

 

[DeniseM]

Bonus time 69 dollar rooms at tourist destinations like Marathon FL in the Keys, Hawaii, Aruba, etc

Many systems offer bonus time, but after you buy, you usually find out that the $69 availablity is off-season at less popular resorts. You don't get the top resorts/high season for $69 a night.

When you go back and talk to the sales person, ask them to log-in to the Bluegreen system and show you what is actually available for rent right now for $69 per night.

 

[T-Dot-Traveller]

Bonus time 69 dollar rooms at tourist destinations like Marathon FL in the Keys, Hawaii, Aruba, etc

Hi djosephm ,
How much per night does this save you ?
How long will it take to recoup your upfront money spent ?
and can you use it at times / places when you want to be on vacation often enough ?

If Blue / Green were to be acquired by another TS company would it remain a perk ?

FYI - there is a TUG thread regarding HICV buying Silverleaf from about 2015 .
Silverleaf had a similar perk & the new owner is actively trying to scale back / eliminate it .

*****
PS - I live in Canada ( summer is our wonderful season )
Any of the places you list would be a horrible July vacation for us .
Hot & sticky
but if I could pay $ 69 a night for Presidents Week in Feb - I am in .

Make sure it gets you what YOU want .

 

[djosephm]

Hmmmm...

 

[DeniseM]

If the $69 per night is through RCI - that is available to everyone who belongs to RCI, (not just Bluegreen) but again, for $69 you get off-season/low demand resorts, and it is starting at $69 per night, and up.

 

[slip]

Bluegreen does have bonus time to their resorts for the charter deed owners but it's based on availability and I believe you can only book 60 days in advance. So like Denise says it may work for off-season but it would be luck to get prime dates. If you buy points in the resale market you only get bonus time at the resort your points are deeded to.

 

[T-Dot-Traveller]

Hi djosephm
by the way - take a look at the TUG - rental offered section
max $ 700 for the week & max 45 days out by listing person .

If you have last minute flexibility there are lots great listings
with no upfront buy in .

 

[RX8]

Pretty good advice by Denise. You might have noticed her almost 50,000 posts on this site so she has a little experience. If you want Charter and the $3,000 cost it is your money to spend. Before you do, hopefully you have also recognized that if you decide to divest your self of the timeshare down the road that the $3,000 purchase price is thrown out the window since it does not transfer with a resale. Good luck with whatever choice you make.

 

[tschwa2]

Bluegreen through Pinnacle Vacations at Blake in Chi Town with Charter

Since you are buying specifically for the charter benefits you probably want her on the deed. She would not be able to check in for bonus time (which is the main charter benefit) without you being present if she were not an owner. Also if you book through RCI and you would not be present at check in, you would have to buy a what is it now $79 guest certificate fee. You may say, my wife never travels without me and if that really is the case then I guess it won't matter but sometimes she might go somewhere with her friends or her parents or you might just be arriving in two cars at different times because you couldn't get off work that extra day. The negative would be if you split dealing with timeshares can be a pain. If you buy more non charter points you would want to have them all titled the same way so they could all be in the same account with a single base fee and single annual dues.

 

[tschwa2]

Pretty good advice by Denise. You might have noticed her almost 50,000 posts on this site so she has a little experience. If you want Charter and the $3,000 cost it is your money to spend. Before you do, hopefully you have also recognized that if you decide to divest your self of the timeshare down the road that the $3,000 purchase price is thrown out the window since it does not transfer with a resale. Good luck with whatever choice you make.

But she doesn't specifically have experience with all timeshare companies or Bluegreen specifically. Buying a small qualified package through the authorized reseller after doing research is a legitimate way to get certain benefits that you can not get on the resale market and it sounds like the OP feels those benefits are worth the extra $2900 that it costs.

 

[LisaH]

I hope more BlueGreen owners will chime in about this purchase. However, tschwa2's points about the pros and cons of having spouse name on the indeed are spot on.

 

[DeniseM]

There is no reason to rush into a developer purchase when you are new to timesharing and don't know what your other options are. It's hard to know if the so-called benefits of a developer purchase have any real value, until you know more about timesharing in general. When you have no frame of reference, the sales person's promises always sound fabulous.

I stand by my post - they OP should take some time and make sure this is the right decision for them.

 

[Egret1986]

Anybody have a Hammocks at Marathon for sale?

Actually, yes.

 

[PlayTime]

I rather like (what I know about) some of the Bluegreen timeshares. (Yurt, anyone?) I gather that having 'Charter' privileges (from Pinnacle, the only BG authorized reseller,) and a suitable Trust account can make a BG TS more usable than a reseller purchase. (Thoughts?)
Perhaps this potential buyer is fully prepared to plan stays (and rent out) well in advance, and to buy cheap resale points, to approach 'breaking even' with an (overpriced) authorized reseller purchase of puny points with Charter privileges (bonus days, early booking?). Marriott and Vistana resales get derailed with ROFR for more $ than this small contract, and their MFs are often higher than some BG. The $ investment for 'vacations' averaged over decades of ownership may be worthwhile on balance? Anyone want to run some numbers?

 

[DeniseM]

You are comparing apples to oranges when you compare Marriott/Vistana to Bluegreen, on almost every level.

The Bluegreen resorts are not strong rentals - the top Marriott and Vistana resorts are strong rentals.

 

[HolidayLover]

Should I put my wife on it or not?

Advantages vs Disadvantages?

Not sure why everyone was having such a problem answering your question. Seriously, everyone just wants to bash your decision to purchase a timeshare - you already made your mind up, now let you fly like the timeshare eagle you're gonna become.

Now seriously, DO NOT put your wife on the timeshare. No way Jose. The truth is, the timeshare will be a burden (Extreme) to divest from one day... not having your wife on it will give you additional options in the future. It's less cumbersome when it comes to selling again, its less cumbersome when doing title work, etc... I'm sure you guys will never get divorced, but its even better to just have it in your name if that were to ever happen.

Truth is, you're putting a vacation grenade in your name - dont expose your wife to that same possible collateral damage.

Now go enjoy your new Bluegreen Timeshare - and never upgrade at the resort for retail!