feed the otter
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We are in the middle of a week at Valdoro Lodge in Breckenridge, having somehow managed to use our club points (HGVC Hawaii owners) to reserve what has been a GREAT week here (I will certainly share details of this once we're home next week).
We decided to go to the owner's update earlier this evening (where all the drama started), for what we figured would be 45 minutes of our time for $50 to spend out in town. All good, right?
As we knew the property to be sold out, it "turns out" there were still units available in the form of those on which Valdoro foreclosed and had back in inventory (for however good a deal one could be convinced they were). Truth be told, it really wasn't a pressure sell, and probably only ended up the way it did for the interest my lovely bride and I expressed in the property, with which we've really been thrilled for our first time here.
Since you already know how this ended up, I'll cut to the deal:
1. Highlights: 7000 pts, 2BR platinum season, even year (starting 2010), guaranteed fixed week #52 (New Year's) with option to float as desired
2. Incentives: seller (Valdoro/HGVC) covers closing costs, 50% down payment & the other 50% @ 0% for 12 months, seller covers maintenance fees for 2010 ($1,050 or so as projected), 7000 more club points (NOT bonus points) for 2009 of which we already know we can make good use
3. Bottom line: total cost to us of $23,898.90 (including $118.90 loan origination fee)
As ski vacations go, with kids in school, this is exactly what we'd ask for if we could choose it ourselves.
As quick as I could, I took a look online and it APPEARS that resale prices (at least as listed) are consistent with this deal or even more than we're paying, particularly with this getting us a fixed week at New Year's every other year. I've not yet dealt with trying to rent out a TS should we go that route, but what little I've heard of it suggests it's not a bad option for a week like this if we want to bank a bit instead.
I know that the simple rule of thumb is that resale is the only way to go, but perhaps foolishly I'm hoping this might be the exception to the rule. For whatever reason I'm fairly at peace with it, but by no means about to turn my back on the adivce of anyone who may know better.
We have five days to walk away from it. Any advice would be greatly appreciated.
Sorry for being long winded.
Thanks very much, in advance.
We decided to go to the owner's update earlier this evening (where all the drama started), for what we figured would be 45 minutes of our time for $50 to spend out in town. All good, right?
As we knew the property to be sold out, it "turns out" there were still units available in the form of those on which Valdoro foreclosed and had back in inventory (for however good a deal one could be convinced they were). Truth be told, it really wasn't a pressure sell, and probably only ended up the way it did for the interest my lovely bride and I expressed in the property, with which we've really been thrilled for our first time here.
Since you already know how this ended up, I'll cut to the deal:
1. Highlights: 7000 pts, 2BR platinum season, even year (starting 2010), guaranteed fixed week #52 (New Year's) with option to float as desired
2. Incentives: seller (Valdoro/HGVC) covers closing costs, 50% down payment & the other 50% @ 0% for 12 months, seller covers maintenance fees for 2010 ($1,050 or so as projected), 7000 more club points (NOT bonus points) for 2009 of which we already know we can make good use
3. Bottom line: total cost to us of $23,898.90 (including $118.90 loan origination fee)
As ski vacations go, with kids in school, this is exactly what we'd ask for if we could choose it ourselves.
As quick as I could, I took a look online and it APPEARS that resale prices (at least as listed) are consistent with this deal or even more than we're paying, particularly with this getting us a fixed week at New Year's every other year. I've not yet dealt with trying to rent out a TS should we go that route, but what little I've heard of it suggests it's not a bad option for a week like this if we want to bank a bit instead.
I know that the simple rule of thumb is that resale is the only way to go, but perhaps foolishly I'm hoping this might be the exception to the rule. For whatever reason I'm fairly at peace with it, but by no means about to turn my back on the adivce of anyone who may know better.
We have five days to walk away from it. Any advice would be greatly appreciated.
Sorry for being long winded.
Thanks very much, in advance.