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Author Topic: Sunset Bay  (Read 828 times)
Staff 7
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Date Registered: June 01, 2012, 11:28:44 am
Posts: 1738

« on: November 25, 2015, 01:54:07 pm »

Mr & Mrs M told us on 20 November 2015

In April 1986, we were on our honeymoon in Playa de las Americas, Tenerife.  We were approached, in the street by a young lad with scratch cards and we "won a prize" and had to go and collect it by taxi.  W were familiar with timeshare, and having a free day , went along for the presentation.  As a young, newly married couple we liked what we saw and felt it could potentially be an affordable way, in time, to have a family holiday.  In hindsight, it was mis-sold and we were told that as Sunset Bay was surrounded by banana plantations, there could and would not be any further surrounding developments. However, within a few years, the area had become a concrete jungle.
As far as the sale is concerned, we felt extremely pressurised.  There were several people in the room with us, although we don't remember exactly how many.  Initially, we were being encouraged to purchase two weeks but my wife became very distressed and walked out of the room.  It was then suggested that we consider buying just one week, which would cost us 3225.00, and which we subsequently agreed to.
We were told how lucky we were to be able to buy our week in perpetuity and to be able to leave it to our children one day.  No mention was made that the annual management fee would continue to apply.
In 1994 we upgraded our one bedroom apartment to a two bedroom apartment, sleeping 6 people, as we were by then a family of 5, at a further cost  of 2400.  Our family continued to grow and we became 7 in number. However, it was never possible to exchange our timeshare for another resort and despite assurances that we would be able to travel anywhere.  Furthermore, once we became a family of 7, it was not possible to use our own timeshare apartment because it only slept 6, nor were we able to exchange for another resort nor were we able to rent it out.
Management fees have increased annually from 49 (1987) to 443 (2013), far more than ever originally anticipated and certainly not a figure that was ever mentioned at our initial presentation.
We have tried to sell our week on many occassions, and have lost 800 trying to do so, whilst being totally unsuccessful.
We had been told in 1986 that it would be easy to sell and in high demand.
we have been told our timeshare has no sale value and we certainly do not want to leave the management fee liability to our children.  In 28 years we have only used it 5 times using 7 weeks entitlement.  We have never managed to rent it out.  Accordingly, we are now in the process of arranging for it to be disposed of since it is simply an on-going liability for us.
« Last Edit: November 25, 2015, 02:17:53 pm by Staff 7 » Logged
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