Forevertravel
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- Aug 18, 2014
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Hi!
I've read things here a few times and have learned some about time sharing but I'm still VERY new to this process.
Anyway my husband and I purchased a few months ago at a silverleaf presentation (we didn't feel the sales were high pressure we just thought we liked the deal) in Galveston (for Branson property). It was white deed week 3, a re-deed so we got the old bonus time, reduced MFs and it was presidential for $9k. Minimal RCI points bc it's third week in jan in a place that gets very cold
We then got invited to the "new owners meeting" where we talked for hours (still didn't feel high pressure but hate the time it takes) but we talked them toward a red deed for us bc we figured out that could get us better travel options in the future. So now yesterday we "changed" to a red (thanksgiving week), luxe lodge (lock off w/o the presidential title), with the benefits of our previous deed transferred (old bonus time structure/fees, reduced MFs) and more RCI points (40 bc we can deposit each side separately) for $15k.....
I am wondering if we got an ok deal? As in with the RCI, potential rent out value, and our own ability to meet family there during some thanksgivings (it's about halfway btwn houston and Chicago).
I know ppl on this board often say I can get a TS for $1 but I am just wondering if the $1 options typically work out like the above or are they only useful in certain situations? I looked at re-sales of holiday hills in Branson and many are pretty costly (some are down to $5-6k but are in the dreadful white season). Holiday hills seems to be pretty well regarded....
I'm not exactly sure how the rescind dates work but we have 4-5 days so I'm trying to gather info now.
Also if we rescind would that mean we don't own at all or does that just undo the new deal (meaning we get stuck w the white deed again)? Obvious worst part part is that it's developer financed but if we purchased the ones I've seen I'd also have to finance and I'm not positive interest would be lower....
Thanks!
I've read things here a few times and have learned some about time sharing but I'm still VERY new to this process.
Anyway my husband and I purchased a few months ago at a silverleaf presentation (we didn't feel the sales were high pressure we just thought we liked the deal) in Galveston (for Branson property). It was white deed week 3, a re-deed so we got the old bonus time, reduced MFs and it was presidential for $9k. Minimal RCI points bc it's third week in jan in a place that gets very cold
We then got invited to the "new owners meeting" where we talked for hours (still didn't feel high pressure but hate the time it takes) but we talked them toward a red deed for us bc we figured out that could get us better travel options in the future. So now yesterday we "changed" to a red (thanksgiving week), luxe lodge (lock off w/o the presidential title), with the benefits of our previous deed transferred (old bonus time structure/fees, reduced MFs) and more RCI points (40 bc we can deposit each side separately) for $15k.....
I am wondering if we got an ok deal? As in with the RCI, potential rent out value, and our own ability to meet family there during some thanksgivings (it's about halfway btwn houston and Chicago).
I know ppl on this board often say I can get a TS for $1 but I am just wondering if the $1 options typically work out like the above or are they only useful in certain situations? I looked at re-sales of holiday hills in Branson and many are pretty costly (some are down to $5-6k but are in the dreadful white season). Holiday hills seems to be pretty well regarded....
I'm not exactly sure how the rescind dates work but we have 4-5 days so I'm trying to gather info now.
Also if we rescind would that mean we don't own at all or does that just undo the new deal (meaning we get stuck w the white deed again)? Obvious worst part part is that it's developer financed but if we purchased the ones I've seen I'd also have to finance and I'm not positive interest would be lower....
Thanks!