Kim W
newbie
Well, I know it is a common story, but yesterday my husband and I and another couple went to a TS presentation at the Diamond Resorts International property in South Lake Tahoe, CA (Lake Tahoe Vacation Resort) in order to receive a free night in the 2 BR condo we had just checked into.
It was an interesting sales tactic in that they had all four of us at one table with one salesperson.
WE ALL KNEW BETTER, but still caved after much pressure and purchased 2,500 points for just under $10,000. We gave them a 50% down payment via a credit card. The bait that hooked us was the offer of "2 free weeks in a 2 BR oceanfront condo in Hawaii" along with 2 free round trip tickets on American Airlines. What we got were two certificates to be exchanged for vouchers through Interval International and two certificates that can be redeemed for round trip travel through AA. We were also given checks for $100 to offset the cost of the I.I. exchange fee.
I got home and looked carefully through the paperwork with a clear head and realized that 2,500 points will get us nothing and that I can't be sure that we will actually be able to reserve the "free" weeks or obtain the plane tickets.
Anyway, according to our contract we have 7 days to rescind, which I plan to do tomorrow. The wording of the contract simply says that we may cancel the contract without by notifying the seller in writing of our intent to cancel. A mailing address and FAX number are included.
I will send the letter, along with a copy of the contract, Certified Mail return Receipt Requested. I will also return the $100 check, although it is tempting to keep it as partial payment for my time and anxiety.
It almost seems to simple. Is there anything I am missing? Any fine print I should be looking for that will keep them from returning my $4,990 deposit?
Thanks in advance.
Kim
It was an interesting sales tactic in that they had all four of us at one table with one salesperson.
WE ALL KNEW BETTER, but still caved after much pressure and purchased 2,500 points for just under $10,000. We gave them a 50% down payment via a credit card. The bait that hooked us was the offer of "2 free weeks in a 2 BR oceanfront condo in Hawaii" along with 2 free round trip tickets on American Airlines. What we got were two certificates to be exchanged for vouchers through Interval International and two certificates that can be redeemed for round trip travel through AA. We were also given checks for $100 to offset the cost of the I.I. exchange fee.
I got home and looked carefully through the paperwork with a clear head and realized that 2,500 points will get us nothing and that I can't be sure that we will actually be able to reserve the "free" weeks or obtain the plane tickets.
Anyway, according to our contract we have 7 days to rescind, which I plan to do tomorrow. The wording of the contract simply says that we may cancel the contract without by notifying the seller in writing of our intent to cancel. A mailing address and FAX number are included.
I will send the letter, along with a copy of the contract, Certified Mail return Receipt Requested. I will also return the $100 check, although it is tempting to keep it as partial payment for my time and anxiety.
It almost seems to simple. Is there anything I am missing? Any fine print I should be looking for that will keep them from returning my $4,990 deposit?
Thanks in advance.
Kim