070: Redeeming Timeshares: How to Spot a Good Investment Without All the Pressure with Lisa Schreier

In this episode of Saving With Steve, host Steve Sexton is joined by The Timeshare Crusader, Lisa Schreier, who has been participating in the timeshare community since 1998.

My guest today, Lisa Schreier, joins me to discuss the ins and outs and ups and downs of timeshares. She shares advice on what people can do to survive a timeshare presentation, how to get a great deal on a timeshare, and what process you should take if looking to purchase a time share. Lisa also provides insight on why timeshare annual or monthly fees go up and what you can do about it, how to spot a good investment without all of the pressure, and what happens if you have buyers remorse and want out in a year, or even 10 years from now.

Lisa Ann Schreier has been participating in the timeshare community since 1998. Her entree was as a timeshare salesperson and manager at a number of established Orlando area resorts.

Lisa grew increasingly frustrated with the antiquated marketing and high pressure sales techniques that were (and sadly still are) the norm in the industry. 

As a catalyst for positive change, she wrote ‘Surviving A Timeshare Presentation...Confessions From The Sales Table’ and ‘Timeshare Vacations For Dummies.’  In addition, she co-authored the definitive college level textbook on timeshare.

Lisa is a frequent contributor to major media outlets and a sought after speaker at consumer advocacy groups. 

She provides content to SeniorNews.com, is on the Advisory Board of ConsumerAffairs.com where she ensures that information is unbiased, accurate, and helpful for consumers. 

Lisa is also the lead timeshare advocate at Elliott.org, and a featured blogger on RockStarFinance.com

Her ‘tell it like it is’ blog (https://thetimesharecrusader.blogspot.com) covering timeshare issues is an essential source of critical information that continues to both alert consumers to the myriad of less than reputable companies and practices as well as providing insights to the industry of how to improve the timeshare experience. 

Some pros and cons of owning a timeshare:

Pros

  • Familiar location every year without any unpleasant surprises
  • Resort-like amenities and services
  • Avoids the hassle of booking a new vacation each year

Cons

  • Ongoing costs can be significant
  • Little flexibility when changing weeks or the contract
  • Timeshares are difficult to resell
  • Aggressive marketing practice