3 more days to recind at Somerpointe

[Beaufamille]

I bought 1 bedroom at tahiti village $18k. Bought because it SOUNDS flexible and we don't stay anywhere a week. Our daughter lives in france so we travel somewhere in Europe every year. This year going from Budapest to Prague. We like to make last minute plans, 60ndays is long term planning for us. They said we get airline and cruise deals too. Help me figure out if I should remind or not.

1) Is there a vacation destination you wish to visit most of the time or on a regular basis? if so where? No we like to visit different places, but go to Europe every year to visit daughter. Always different places.

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time? Somerpointe says we don't ever have to stay here, which will probably be rare we stay at Tahiti village

3) What are your 5 top trade destinations? I am flexible. Europe, carribean, a few US destinations

4) How many people do you usually travel with - total, including yourself? 2 sometime 4 to 6 if kids join us.

5) Can you travel any time, or are you locked into the school schedule? Anytime

6) Can you make firm plans 12 or more mos. in advance? No!

7) Can you vacation for a full week at a time? Yes. But nkt at same place, maybe 2 to 3 places.

8) What level of accommodations do you prefer on a scale of 1 to 5 stars? 4 to 5, 3 if I have to

9) How much can you afford to spend upfront, without financing? The 18k they charged us. But I did finance to give me a chance to recind without tieing up money

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year? 2k But this is under 500

11) Are you a detail oriented planner? Sometimes

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?

 

[Ski-Dad]

This is a bad deal. Rescind. You can pick up a similar unit resale for $1. Did the sales person explain all exchange fees? Did they explain that all the last minute stuff is generally off season, such as a ski resort inn late April.

The chorus will join in, but you should clearly rescind. You will not see $18K value in this.

Further your travel pattern noted above does not lend itself to timeshares. Advance planning and staying a full week is where the value you is. Short stays get buried in extra fees to the point its cheaper to get a nice hotel.

 

[Beaufamille]

This is a bad deal. Rescind. You can pick up a similar unit resale for $1. Did the sales person explain all exchange fees? Did they explain that all the last minute stuff is generally off season, such as a ski resort inn late April.

The chorus will join in, but you should clearly rescind. You will not see $18K value in this.

Further your travel pattern noted above does not lend itself to timeshares. Advance planning and staying a full week is where the value you is. Short stays get buried in extra fees to the point its cheaper to get a nice hotel.

So obviously I am super new here, so how do you buy for a $1 and then does that mean you take over yearly maintenance fee? How does this work? What do you look for for a good deal? Thank you for your help.

 

[TheTimeTraveler]

Rescind IMMEDIATELY then take all the time you want to ask your questions and do your homework. You only have a few days to legally rescind -- after that your hung with it and may not be able to unload it easily.

Study up and buy a resale week if you want to buy again. You'll save yourself thousands of dollars. You work hard for your money so keep your hands in your pockets and find yourself a deal. Check out eBay and well as TUG resales.

Best of luck.













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[bnoble]

3) What are your 5 top trade destinations? I am flexible. Europe, carribean, a few US destinations

6) Can you make firm plans 12 or more mos. in advance? No!

7) Can you vacation for a full week at a time? Yes. But nkt at same place, maybe 2 to 3 places.

11) Are you a detail oriented planner? Sometimes

These suggest to me that you are not a good fit for timeshare, and would be better off with airbnb, hotels, etc.

Europe is not the easiest place to find timeshares, and they tend to be in out of the way places. You either need to be able to plan in advance, or be very flexible, Week long stays are much more efficient than 2-3 night stays. And it works best if you are a planner.

 

[moonstone]

So obviously I am super new here, so how do you buy for a $1 and then does that mean you take over yearly maintenance fee? How does this work? What do you look for for a good deal? Thank you for your help.

You dont even need to pay $1.00 -many are free. This group has a whole section full of free ones in this forum, then in the Marketplace section are cheap (but sometimes still overpriced) ones. Timeshares always have an annual maintenance fee, that's your share of their costs (buildings upkeep, staff pay, utilities, property taxes...) and if you dont vacation where you bought then you'll have membership and exchange fees associated with RCI or II.

As others have said, get your purchase rescinded ASAP!! If you dont get the letter mailed in time you'll be stuck with an $18K worthless timeshare. After that is done take your time and read, read, and read some more, in this group's Help and Advice section as well as all through these owners forums. There might be a better timeshare system for your style of travel, or you may find as others have suggested, that your style of travel doesnt work with timeshares.


~Diane

 

[Ski-Dad]

So obviously I am super new here, so how do you buy for a $1 and then does that mean you take over yearly maintenance fee? How does this work? What do you look for for a good deal? Thank you for your help.

Hang around here and read - read - read for a couple of months. Then ask questions for the parts you do not understand. I own several units that work very well for my needs, and I figured it out by hanging out here and receiving the wisdom of the flock. Great community.

One of your first questions must always be "How do I get rid of this once I no longer want it?" People give these away as they tire of paying the MF every year. It never ends, which doesn't work out so well if you are not using it. Timeshares work best for people: who can plan in advance; are generally staying for a full week; and are most interested in the USA, Mexico and a few other places. Not a lot to offer in the major centres of Europe.

I am heading the Banff/Canmore area next weekend. There are time shares available and I have the points, but the exchange fees and cleaning fees for 2 nights make it not feasible. I am renting a 1 bedroom condo instead for less total cost.

Rescind while you still can. That deal will be available anytime you want it, but if you miss the rescission window, you are done like the Hotel California.

 

[TUGBrian]

congrats on finding TUG, and saving 18k!

Tahiti Village was one of the top 25 most resold timeshares on TUG last year alone....its regularly given away completely free

Tahiti Village Timeshare Discount Resales & Rentals By Owner | timeshare users group

Tahiti Village Timeshare Discount Resales & Rentals By Owner in Las Vegas, NV User rating 8.58 with 51 reviews

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