Hi All, New member to the TUG community and Vacation Club Owner. This past week we purchased the Sheraton Flex Vacation and can really use your guidance and expertise on the offer we received. We are not sure if we made the right decision. It was an emotional buy to be able to travel more often and create additional memories with our family. We have never purchased a timeshare or anything like this vacation club. And as you know, they don't give you too much time to research what you are getting, but we do have a 10 day rescind option. Believe that puts us at Thursday, February 25th from purchase date of Monday, February 15th. Here are the details and questions. Thank you so much for your help.
Sheraton Flex Vacation Ownership
Questions:
Sheraton Flex Vacation Ownership
- Purchase made this past Monday 2/15/21
- HomeOptions 67,100 (Annual)
- Vistana Signature Network
- 9 Resorts
- Costs
- $22,009
- $845 Closing
- $1316.50 Annual dues
- $109 to bank points
- $159 Interval International exchange fee
- Incentives
- Bonus StarOptions 134,200 (67,100 x 2)
- Unlimited Getaways via Interval International
- Marriot Bonvoy
- Gold Elite Status for life
- Additional
- Signed up for Marriott Bonvoy Brilliant Amex Card
- Made Flex Vacation purchase on card so it comes out to ~207,054 Bonvoy points (75k for Amex sign up and 6x Bonvoy points on $22k purchase).
- Additional week added in Interval International
- Signed up for Marriott Bonvoy Brilliant Amex Card
Questions:
- Is the above a good deal? Personally, the 9 resorts are not of high interest. Most of the ones we liked are from the Westin resorts, but reservation has to be within the 8 month window. That means that we will have to book in May of the start of a New Year and we are concern that availability will be slim since we would like to travel June, July or August when the kids are out of school. This also means we won’t be able to rent in February (winter recess) or March (spring break) if we would like a property in the 8 month rental period.
- What benefits don’t transfer over when purchasing a resale?
- Per sale rep, you lose all perks and access to the Vistana Signature Network (VSN) when buying a resale. They mentioned that new owner would need to buy into the Flex vacation program again to get into the network. Believe Sheraton Flex Vacation are voluntary resorts so StarOptions and other benefits don’t transfer but I could be mistaken.
- In regards to rescind period, we get 10 days do to so.
- Does the certified cancelation letter need to be received before the 10 days are up or as long as it’s mailed and postmarked before the 10 days then we are good?
- Basically, if certified mail goes out on the 9th day but they receive it after the 10th day would they still have to honor the cancelation request?
- Looks like we have until February 25th to cancel since purchase was made on February 15th.
- Does the certified cancelation letter need to be received before the 10 days are up or as long as it’s mailed and postmarked before the 10 days then we are good?