Hello and thank you for this great site!
My wife and I just bought a 2 BR annual timeshare at the Westin Princeville a few days ago and while we're excited about the property (and the opportunity to use the other villas), I can't help but think we made a big mistake.
The asking price for the Westin Princeville was $60k + HOA fees of about $2500 for the 2 BR lockoff. They threw in a 170k SPG points as a signing bonus. (Looking at some of the ads it seems like we can do WAY better in the resale market ($11k for the same property in one ad!))
I poured over the information on this site, especially the Starwood FAQ, and it seems the best option would be to rescind the purchase and get something in the resale market, probably from a "mandatory" property (like Westin Kaanapali).
We have to rescind by 4/16 so any help would be greatly appreciated!
BTW, our intention for the Princeville property would be to use it once every two or three years and use StarOptions to utilize other properties (for instance, bring our kids to Orland for a week). We don't ever plan on converting to SPG points since that is a bad tradeoff.
Here are my questions...
>Should we rescind?
>Does it make more sense to buy resale at Westin Kaanapali or Princeville?
Thank you so much for your help!
John
P.S. during the pitch we asked why not buy resale and they basically said our opportunity for using StarOptions would be very limited - I take it this was bullshit, right?
My wife and I just bought a 2 BR annual timeshare at the Westin Princeville a few days ago and while we're excited about the property (and the opportunity to use the other villas), I can't help but think we made a big mistake.
The asking price for the Westin Princeville was $60k + HOA fees of about $2500 for the 2 BR lockoff. They threw in a 170k SPG points as a signing bonus. (Looking at some of the ads it seems like we can do WAY better in the resale market ($11k for the same property in one ad!))
I poured over the information on this site, especially the Starwood FAQ, and it seems the best option would be to rescind the purchase and get something in the resale market, probably from a "mandatory" property (like Westin Kaanapali).
We have to rescind by 4/16 so any help would be greatly appreciated!
BTW, our intention for the Princeville property would be to use it once every two or three years and use StarOptions to utilize other properties (for instance, bring our kids to Orland for a week). We don't ever plan on converting to SPG points since that is a bad tradeoff.
Here are my questions...
>Should we rescind?
>Does it make more sense to buy resale at Westin Kaanapali or Princeville?
Thank you so much for your help!
John
P.S. during the pitch we asked why not buy resale and they basically said our opportunity for using StarOptions would be very limited - I take it this was bullshit, right?