ForgetNet
newbie
- Joined
- Feb 6, 2017
- Messages
- 2
- Reaction score
- 2
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- Resorts Owned
- Massanutten
So I'm twice a sucker, shame on me. TL;DR at bottom, otherwise enjoy the story and I'll happily answer any questions!
I purchased a Woodstone weeks unit pre-construction about a year ago for just over $13k with a $355-ish maintenance fee.
As many of you probably did, I went in uninformed, and "negotiated" the price down from ~$26k, Massanutten gold card to be included without any fees (they claimed there were some, I have no idea if that's true), and an annual RCI bonus week. I've since enjoyed a week stay at Massanutten using my deeded week as well as using the bonus week in FL. Both vacations were quite enjoyable and cheap, if you don't include the initial timeshare cost and maintenance fees, of course.
During my week stay at Massanutten, I went into the apparently-required owner's update meeting mostly uninformed with no intentions of buying a damn thing. Of course, I ended up leaving said meeting with upgrading to the a Regal Vista deeded POINTS unit for a grand total of $23k (including the equity from trading in my $13k unit, so I paid an extra $10k + closing costs). I was very interested in the points program and honestly feel it is a better program for how I tend to vacation -- fairly spontaneous trips I can use anywhere at near any time, which is what I was told would be possible with points (hopefully it's true). I was sold when I was told my old Woodstone unit could be converted to points for ~$3k or so and would only receive somewhere around 15,000 RCI Points (give or take, I don't remember the exact number), whereas they had a Regal Vista foreclosure unit available with 58k points for only $10k more! I was told this is a great amount of RCI points, it's a steal, I'm so lucky to get the deal, all the usual mumbo jumbo -- I'm pretty sure none of this is true after doing a little research.
Unfortunately with my busy schedule at Massanutten between being sick (bleh) and enjoying the plentiful things to do, I didn't even consider researching my poor investment until after returning home, and am no longer in the window to rescind my purchase. If only I had found Tug sooner and/or bothered researching after getting swindled the first time! That said, I am hoping to get some advice as to how I can make the best of my purchase. Details of said purchase are as follows:
>Massanutten Regal Vista (2BR)
>Week: 4
>Total Price: $23,500 ($24,244 if you include closing costs)
>Maintenance Fee: $469/year
>Annual RCI Points: 58,000
>Maintain the annual 1 RCI Bonus Week
>Upgraded to Regal Vista Gold Cards with all fees waived, which I believe is pretty much worthless.
Moral of the story is don't go in uninformed, and from what I've been seeing literally everywhere on this site is simply don't buy retail!
Also, out of curiosity, how badly was I screwed in my decision compared to simply keeping my original Week 4 weeks unit (I believe it had 9 TPU)?
TL;DR - I was stupidly swindled again, traded in my old Massanutten weeks unit (week 4 - paid $13k) for a new Massanutten points unit (week 4, 58k points/yr - paid $24k, which includes the $13k from my original unit). Too late to rescind. Looking to make the best of my mistakes!
I purchased a Woodstone weeks unit pre-construction about a year ago for just over $13k with a $355-ish maintenance fee.
As many of you probably did, I went in uninformed, and "negotiated" the price down from ~$26k, Massanutten gold card to be included without any fees (they claimed there were some, I have no idea if that's true), and an annual RCI bonus week. I've since enjoyed a week stay at Massanutten using my deeded week as well as using the bonus week in FL. Both vacations were quite enjoyable and cheap, if you don't include the initial timeshare cost and maintenance fees, of course.
During my week stay at Massanutten, I went into the apparently-required owner's update meeting mostly uninformed with no intentions of buying a damn thing. Of course, I ended up leaving said meeting with upgrading to the a Regal Vista deeded POINTS unit for a grand total of $23k (including the equity from trading in my $13k unit, so I paid an extra $10k + closing costs). I was very interested in the points program and honestly feel it is a better program for how I tend to vacation -- fairly spontaneous trips I can use anywhere at near any time, which is what I was told would be possible with points (hopefully it's true). I was sold when I was told my old Woodstone unit could be converted to points for ~$3k or so and would only receive somewhere around 15,000 RCI Points (give or take, I don't remember the exact number), whereas they had a Regal Vista foreclosure unit available with 58k points for only $10k more! I was told this is a great amount of RCI points, it's a steal, I'm so lucky to get the deal, all the usual mumbo jumbo -- I'm pretty sure none of this is true after doing a little research.
Unfortunately with my busy schedule at Massanutten between being sick (bleh) and enjoying the plentiful things to do, I didn't even consider researching my poor investment until after returning home, and am no longer in the window to rescind my purchase. If only I had found Tug sooner and/or bothered researching after getting swindled the first time! That said, I am hoping to get some advice as to how I can make the best of my purchase. Details of said purchase are as follows:
>Massanutten Regal Vista (2BR)
>Week: 4
>Total Price: $23,500 ($24,244 if you include closing costs)
>Maintenance Fee: $469/year
>Annual RCI Points: 58,000
>Maintain the annual 1 RCI Bonus Week
>Upgraded to Regal Vista Gold Cards with all fees waived, which I believe is pretty much worthless.
Moral of the story is don't go in uninformed, and from what I've been seeing literally everywhere on this site is simply don't buy retail!
Also, out of curiosity, how badly was I screwed in my decision compared to simply keeping my original Week 4 weeks unit (I believe it had 9 TPU)?
TL;DR - I was stupidly swindled again, traded in my old Massanutten weeks unit (week 4 - paid $13k) for a new Massanutten points unit (week 4, 58k points/yr - paid $24k, which includes the $13k from my original unit). Too late to rescind. Looking to make the best of my mistakes!
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