My Timeshare Adventure

[timeos2]

The timeshare was at vacation village at parkway. Westgate Palace is just where we stayed for 2 nights. I wouldn't consider owning there but it was sure a nice place to visit even though they were painting.

By the way if you think Westgate Palace is a nice resort then you haven't seen nothing yet! At best that ranks in the lower middle of quality - there are many that are much nicer in Orlando. The Palace is a hotel conversion with few amenities and not that great a location. You are in for a treat as you get to see what other resorts offer!

And you will need RCI Points for VV. But that is a good thing as they give you full access to all of RCI Points & Weeks as well as "float" use at almost all resorts that use the points. Of course weeks based resorts use 7 day periods.

 

[istone]

So if. I buy resale am I getting into RCI points or weeks ? How much extra will that cost if anything besides the normal annual RCI membership?

 

[theo]

My $0.02 worth...

So if. I buy resale am I getting into RCI points or weeks ? How much extra will that cost if anything besides the normal annual RCI membership?

You can buy either Points or Weeks ownerships resale. Either type of ownership involves annual maintenance fees imposed by the associated resort and which vary widely from one resort to another.
There are also (distinctly separate and completely unrelated) RCI annual membership fees (which are much less money than the unrelated resort annual maintenance fees) associated with either type of ownership.

No disrespect intended, but in view of your questions I don't think you are sufficiently informed or knowledgeable or ready to buy at all yet. You should probably first spend time (i.e., at least a few months) studying up on the many pertinent details, nuances, costs and legal obligations of timeshare ownership.

Just expressing my own personal opinion, certainly with no offense intended...

 

[istone]

I just don't have the intricacies of buying resale. I have the basics down. I am just finding out that I may not want what I thought I wanted so I am having to change strategies. I know that I will need to do more research before I am done.

Thanks for your input.

 

[AwayWeGo]

Points Timeshares Can Be Bought Resale. Ditto Weeks Timeshares.

So if. I buy resale am I getting into RCI points or weeks ?

The professional full-freight timeshare sellers at Vacation Village At Parkway are apt to say that you can't buy points-converted units resale (RCI Points).

When they say that, they are fibbing -- either that or badly mistaken.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[istone]

Rescind paperwork is in the mail, certified return receipt. Bought an eBay VV@P for $19 that is in process. Once that is done I need to start my RCI online adventure.

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[mrlajoie]

Well done! I paid $41 for my TS at Orange Lake on eBay with all other costs paid for by the seller... The deals are out there!

 

[chewie]

First time reading through this thread and I'll tell ya.....

It's kinda like watching (as a third party) someone begging and pleading with another person not to jump and commit suicide. Please don't kill your $10k, please don't do it. Everything will be ok, there is nothing done that can't be undone here....unless you have gone past your rescind period.

Highly entertaining! Good decision, istone.

And as far as staying in Vegas, you can stay at several of the Hilton's on the strip for 15-25 TPU if you wanted, at almost any given time of the year. Vegas has lots of supply and not much demand. Hawaii can be a different story, however.

 

[Patri]

I hope your in-laws didn't buy.

 

[istone]

We originally bought as a group of four.

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[Timeshare Von]

Rescind paperwork is in the mail, certified return receipt. Bought an eBay VV@P for $19 that is in process. Once that is done I need to start my RCI online adventure.

WHEW! That is good.

 

[Timeshare Von]

We originally bought as a group of four.

All four names (and signatures) were on the purchase agreement/contact? If so, I hope all signed the letter to rescind.

 

[istone]

Yes, all four of us signed the rescind paperwork. I figured if only one or two signed they could try and say something.

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[Timeshare Von]

Yes, all four of us signed the rescind paperwork. I figured if only one or two signed they could try and say something.

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My thoughts/concern as well. Glad you got it all taken care of and rescinded.

 

[istone]

Sales team called to try and change our minds. Was a quick 30 second call when I told them I bought resale.

Does anybody know if VV&P has or uses ROFR?

 

[AwayWeGo]

No Roffer At Vacation Village At Parkway.

Does anybody know if VV&P has or uses ROFR?

Never heard of it at that timeshare & never encountered it during our 3 purchases & 2 giveaways of Vacation Village At Parkway triennial points units.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[gjw007]

Sales team called to try and change our minds. Was a quick 30 second call when I told them I bought resale.

Does anybody know if VV&P has or uses ROFR?

Many resorts have rofr but very few actually use. It is brought up sometimes during sales presentations to show that the resorts values the property and has worth but as stated, very few do. Consider this, if VVP used rofr, you wouldn't see the sales of $1.00 going through and yet they do all the time.

Good decision to rescind and go resale.

 

[tyme2share]

Wow, i think I am in shock reading this post! AM I understanding correctly that you purchased an actual week timeshare, that you will have forever for $19 on Ebay?!?! This is my first time in this forum and I am just trying to sink in what I'm reading. Was $19 the total?

Ok, can someone please direct me to where I can go to find more info on purchasing on ebay or resales?

I purchased a timeshare 2 years about-Grandview Las Vegas- and I am just now taking the time to try to understand what I did. It seems apparently I overpaid- 5,000, 16k pts/year? I don't know, I'm a newbie, Im still reading through this site

 

[Karen G]

Ok, can someone please direct me to where I can go to find more info on purchasing on ebay or resales?

Check out the TUG forum Bargain Deals for even better deals.

 

[SMHarman]

The have forever bit includes paying the MF forever. Timeshare is a vacation asset but a financial liability.


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[istone]

Yes, $19 was the buy it now price. I suppose I could have waited a few more days and got it at the initial bid of $1. It had free closing and free transfer fee. Currently it has been recorded and the paperwork is on its way to the resort for processing. Kind of wish it would move even faster as I want to get onto RCI and plan for my sept vacation in Vegas.

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[tyme2share]

What about MFs?

 

[tyme2share]

thanks Karen! What about the ones that sell just points? Is everything on there legit...mostly?

 

[istone]

MF is about $760 which is about average I believe.

I look at it this way. We were going to purchase a biennial condo at the same resort for $11k and have the $760 MF every 2 years. Now we have an annual condo that cost $19 with a MF of $760 every year.

It also appears to get 48 TPU if I bank the bedrooms separately.

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[tyme2share]

I looked up TPU- Trading Power Unit, but I dont know whats the significance of having 48