New member, looking forward to learning more

[rparker017]

My wife and I recently spent a few days in Orlando for our wedding anniversary. She signed us up for a presentation at Parc Soleil. Had no intentions of purchasing a timeshare, but the concept was appealing and we walked out with a contract for 2 BR @ Tuscany Village / 8,000 points for $31k. I debated market value of what we purchased in my head for a couple days and began having buyers remorse. So I started looking at resale listings online and was shocked at the price differences. Then I found TUG and after a couple hours of reading I drafted up a rescission letter. Got a confirmation on Friday that HGVC received my letter and contract was cancelled. A big thank you to the members here and the wealth of information available!

We are still planning to purchase a timeshare, but will spend more time learning about options before jumping into the resale market. We have 3 young children and so a beachfront home resort within driving distance (Virginia Beach maybe?) probably makes more sense for us, at least for the next 5-10 years. We shall see.


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[HuskerATL]

Good choice. You could definitely get a much cheaper resale with more points. We bought that same week at Tuscany Village in 2003 for $15k and that was even too much. No sense owning at one of Orlando properties. They are easy to book but have high MFs. The rest of our weeks are all resale and they were much cheaper but they are in Vegas and Scotland.

 

[drucifer]

... we walked out with a contract for 2 BR @ Tuscany Village / 8,000 points for $31k. ...

Why not just buy a resale Park Soliel or Tuscany Villiage since that was what you seemed to want. I'd go with more points (say 11k-13k) for a roughly $6k +/- deed.

 

[TUGBrian]

31k is a heckuva chunk of change to save just from a few minutes of research on a website!

welcome to TUG! hope you find exactly what you are looking for and perhaps pick it up from another member!

 

[pedro47]

To the OP, welcome to the TUG website.

Please read TUG…Help and Advice section. You will find some very valuable information about timeshare and the various timeshare programs.

 

[brp]

All of the above. And consider taking a very small part of those substantial savings and become a member of TUG to support the actions of this worthy site.

Cheers.

 

[rparker017]

Why not just buy a resale Park Soliel or Tuscany Villiage since that was what you seemed to want. I'd go with more points (say 11k-13k) for a roughly $6k +/- deed.

We weren’t necessarily looking to purchase an Orlando home resort. The salespeople at HGVC were selling the points system to travel anywhere in the Hilton & RCI networks. And repeatedly told me the home resort was irrelevant. Now that I’ve done more research, it appears you can book weeks a year out at your home resort vs 9 months or less through the exchange (not sure I’m using the right terminology here).

Thanks for the advice on points. I’m definitely going to look for “platinum” level if we stick with HGVC.


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[rparker017]

All of the above. And consider taking a very small part of those substantial savings and become a member of TUG to support the actions of this worthy site.

Cheers.

I joined TUG the day I sent my rescission letter! I’m very thankful for the level of information TUG makes available to the public and will continue to support the site.


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[HuskerATL]

We weren’t necessarily looking to purchase an Orlando home resort. The salespeople at HGVC were selling the points system to travel anywhere in the Hilton & RCI networks. And repeatedly told me the home resort was irrelevant. Now that I’ve done more research, it appears you can book weeks a year out at your home resort vs 9 months or less through the exchange (not sure I’m using the right terminology here).

Thanks for the advice on points. I’m definitely going to look for “platinum” level if we stick with HGVC.


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Yes, you can book your homeweek 9 months to 1 year out but many never use their homeweek.

 

[brp]

We weren’t necessarily looking to purchase an Orlando home resort. The salespeople at HGVC were selling the points system to travel anywhere in the Hilton & RCI networks. And repeatedly told me the home resort was irrelevant. Now that I’ve done more research, it appears you can book weeks a year out at your home resort vs 9 months or less through the exchange (not sure I’m using the right terminology here).

You have it right. It's called Home Week when you book 12-9 months out. You have top book a full week and can only book the unit type and season you bought.

At 9 months, you can do a Club booking at 9 months (there are a few properties where this does not apply, but this is generally the case.

Cheers.

 

[dayooper]

We weren’t necessarily looking to purchase an Orlando home resort. The salespeople at HGVC were selling the points system to travel anywhere in the Hilton & RCI networks. And repeatedly told me the home resort was irrelevant. Now that I’ve done more research, it appears you can book weeks a year out at your home resort vs 9 months or less through the exchange (not sure I’m using the right terminology here).

Thanks for the advice on points. I’m definitely going to look for “platinum” level if we stick with HGVC.


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I own 2 platinum 2 bedrooms in Vegas and will probably never book my home week for either. If I owned Ocean Oak, I would use the home week every year.

 

[HuskerATL]

I own 2 platinum 2 bedrooms in Vegas and will probably never book my home week for either. If I owned Ocean Oak, I would use the home week every year.

OO is one that homeweek would be useful but it would need to be the right season

 

[amycurl]

@rparker017, you should be able to go in and change your status to "member" in the BBS. It's been so long for me, I can't remember the precise directions but it's something you have to proactively do, rather than it just automatically updating.

And thank you for joining!

 

[TravelTime]

What does it mean when it says External Exchange Resort? Is it hard to exchange into Sanibel/Captiva/Marco Island during the 9 month open season booking period?

 

[GT75]

Is it hard to exchange into Sanibel/Captiva/Marco Island during the 9 month open season booking period?

Yes, they are all small resorts just managed by HGVC. Not all owners there are members with HGVC, many use their weeks or rent them. The only way they become available to the club if an owner releases their week. They probably wouldn’t release at 9-month mark.

 

[Talent312]

What does it mean when it says External Exchange Resort? Is it hard to exchange into Sanibel/Captiva/Marco Island during the 9 month open season booking period?

"External Exchange Resort" is another way of saying, it's an affiliate whose association with HGVC is voluntary and could, in theory, be discontinued -- a couple did so several years ago -- but even so, any HGVC members there are still treated as such.

The SW Florida affiliated are difficult, but it can be done. Marco is slightly easier than Sanibel-Captiva. We've made club bookings (9 months out) at Marco once a year.
.

 

[macmanrider]

My wife and I recently spent a few days in Orlando for our wedding anniversary. She signed us up for a presentation at Parc Soleil. Had no intentions of purchasing a timeshare, but the concept was appealing and we walked out with a contract for 2 BR @ Tuscany Village / 8,000 points for $31k. I debated market value of what we purchased in my head for a couple days and began having buyers remorse. So I started looking at resale listings online and was shocked at the price differences. Then I found TUG and after a couple hours of reading I drafted up a rescission letter. Got a confirmation on Friday that HGVC received my letter and contract was cancelled. A big thank you to the members here and the wealth of information available!

We are still planning to purchase a timeshare, but will spend more time learning about options before jumping into the resale market. We have 3 young children and so a beachfront home resort within driving distance (Virginia Beach maybe?) probably makes more sense for us, at least for the next 5-10 years. We shall see.


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We bought a GPR close to us and we use the day use a lot to get away from the heat at home.