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BRAND new freaked out owner--need advice asap

Wow

I am so glad that I found this thread today, as I am (was) a new purchaser as well. I faxed my recission letter today, which is day 7, the final day, and it's a Sunday! I sure hope they don't play any games...
 
Jared said:
I am so glad that I found this thread today, as I am (was) a new purchaser as well. I faxed my recission letter today, which is day 7, the final day, and it's a Sunday! I sure hope they don't play any games...
Click to expand...

I hope you will be successful in rescinding but I am not confident that faxing your rescission letter will suffice. See post 20 by awaywego for more detail.
 
Jared said:
Yeah I know, but it's Sunday.
Click to expand...

Most Post Offices now have "serve yourself" kiosks in the lobby that you do virtually any type of mailing with todays date. Don't get stuck with an unwanted and overpriced week because you didn't rescind correctly! Find one & mail it - NOW!
 
UPDATE FROM OP: My credit card statement came this week. On it was the original charge and a 100% refund.

Breathing a sigh of relief now, whew.....
 
Thanks For The Follow-Up Report.

sunnyday said:
UPDATE FROM OP: My credit card statement came this week. On it was the original charge and a 100% refund.

Breathing a sigh of relief now, whew.....
Click to expand...
Nice to read another full-freight timeshare rescission story.

Good going.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​
 
AwayWeGo said:
Nice to read another full-freight timeshare rescission story.

Good going.

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

I dunno, probably better for us resale buyers that they buy full-freight, feel the burden of shame for their mistake, and dump the timeshare for a song.
 
I'm also a new member that purchased a "retail" HGVC membership a couple of days ago. I purchased on the knowledge I could cancel within the cancelation period and I would do my research after the sales pitch. I found a few sites, plus this one and it's what my gut was telling me. Resale is the way to go. I just have two questions that may have already been answered, but this thread is pretty big. So please forgive me, if these have already been answered.

Is the ONLY benefit that I'm losing as buying "resale" vs. "retail" the elite option (which I'm not interested in)?

Do points convert to HHonors points if not used for a certain period and if so, does that apply to retail and resale?

Thanks much! You guys are great!
 
Mike, first, rescind. Then see Seth Nock, TUG username Seth Nock. Great broker for HGVC. Yes, there are more 'perks' with retail purchase, no, they are not worth the additional price. I'll leave it to others to flesh out.

Rescind.

Welcome to TUG. The education is free.

Jim
 
Passepartout said:
Yes, there are more 'perks' with retail purchase, no, they are not worth the additional price.
Click to expand...

They also require purchasing 14,000 annual points or more to get these "perks". Something most owners will never do regardless how they buy.
 
Is the ONLY benefit that I'm losing as buying "resale" vs. "retail" the elite option (which I'm not interested in)?
Click to expand...

YES. In every other way, a resale buyer is treated the same as a retail buyer.

Do points convert to HHonors points if not used for a certain period and if so, does that apply to retail and resale?
Click to expand...

Not Exactly.
Whether resale or retail, you must take steps to keep the balance of your annual allotment from expiring.

You cannot convert current-year (2012) points to HHonors (unless you're elite).
You can only "rescue" them to next-year's account or deposit them to the RCI program.
You can do this online or sign up for an auto-save feature.

You can convert next-year's points (2013) to HHonors, but must do so by 12/31 this year.
The HH-points post do not post to your HH account until January! This is a poor use of points,
unless you need a few more to reach a VIP (discounted) rate in high-priced locale.
 
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Passepartout said:
Mike, first, rescind. Then see Seth Nock, TUG username Seth Nock. Great broker for HGVC.
Click to expand...

Seth Nock: http://www.sellingtimeshares.net/
You can also try Judi Kozlowski: http://judikoz.com/Search.aspx

Both are the go-to brokers for HGVC resales, and both are very knowledgeable about where that fine pricing line is for Hilton's ROFR (if the price for a resale contract is too low, Hilton has the first right to buy it back and you lose out on the sale). For browsing, Judi tends to have more HGVC listings on her site but both have access to the broader market and both have a lot of street cred in this forum.

Congrats on the descision to rescind, take your time and do your research, and good luck if you decide to purchase HGVC resale.
 
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