Got into buying but Saw this wonderful website and wanting to Rescind

[momwantsavacation]

Hi Momwantsavacation,

If you haven't sent your rescission letter yet, I would suggest adding the Contract Number to your first sentence (e.g., We exercise our Right of Rescision to cancel Contract #xxxxxx as of...) That contract number is probably on the first page of your documents.


Richard

Hi Richard! I did revise the letter last night to include the contract number and the amount I deposited.

 

[momwantsavacation]

Here is a list of rescission times, state by state. It appears you have seven days but do not delay.

http://www.nolo.com/legal-encyclope...ights-special-protections-50-state-chart.html

I used the same exact link you sent. I did look at how to make a rescission letter as well. It was very helpful.

Sent from my SAMSUNG-SGH-I337 using Tapatalk

 

[momwantsavacation]

I faxed and sent the letter by certified mail. I guess at this point, it's a waiting game.

My next goal is to tackle that questionnaire. I will post it in a new thread once I am done and for sure, I will have a lot of great people educating me. Thank you so much! This Forum creates so much good Karma.

 

[taterhed]

I faxed and sent the letter by certified mail. I guess at this point, it's a waiting game.

My next goal is to tackle that questionnaire. I will post it in a new thread once I am done and for sure, I will have a lot of great people educating me. Thank you so much! This Forum creates so much good Karma.

Nope. Just quote the questions and reply. The moderators will move your response and start your thread for you

Sent from my Kindle...pls forgive errors and brevity

 

[momwantsavacation]

I answered the questionnaire

Finally answered the questions. Thanks for pointing this out to me, Jim and Rob! After a talk with my husband, Here's what we are thinking:


1) Where do you want your home resort to be?
- this is a tough one since my husband travels for work and we usually go with him to take our vacations. He goes to Southeast Asia a lot. We do like going to the beach but just a change of scenery each time is good.
-my husband is meticulous. He wants a comfortable place, meaning up-to-date and well-maintained. He usually prefers a minimum of 3+ stars hotels (He can stay at a La Quinta, as an example). It doesn't matter to him if it's not always on the beach, as long as its accessible to entertainment and food. It only matters if the home resort or trade is a tropical country or Hawaii. He likes the warm waters of the Pacific.

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?
-most likely trade due to our exploratory nature. But once we found a place that we like, we tend to keep going back. (We've stayed at San Diego 3x this year alone!)

3) What are your 5 top trade destinations?
-So Cal (preferably San Diego, or one that can accommodate kids fun time).
-Europe (France, Italy, Greece), we haven't been to Europe
-Southeast Asia: Thailand is our Favorite. Philippines is nice too.



4) How many people do you usually travel with?
- usually 3, extended will be 6-8 but that is rare and planned 1-2 years in advance if we do, due to scheduling issues

5) Can you travel any time, or are you locked into the school schedule?
- I will be locked in a school schedule by next year but summer break is March until end of May

6) Can you make firm plans 12 or more mos. in advance?
-yes

7) Can you vacation for a full week at a time?
-yes

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?
- minimum of 3+, but 4 is preferred.

9) How much can you afford to spend upfront, without financing?
- within the year: $1500-$3000 comfortably. We can do a bit more but we want to stay in this range

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?
- $900-$1000, right now since that was what we initially planned for.

11) Are you a detail oriented planner?
Yes, we are planning for these trips already actually.


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?
-yes.

 

[taterhed]

Well let me be the first to respond.
Based on your purchase price and maintenance fees, combined with your location of vacations California and west, I think you are ideally suited for one of three systems: Worldmark, Worldmark Pacific, or maybe Wyndham.
While I can't give you full details on Worldmark Pacific, one of the Worldmarks would be ideally suited for California and the Pacific and Wyndham may also provide access to the same resorts. Worldmark has many advantages in terms of trading, flexible use, cancellation and low maintenance fees. I'm off of the computer right now, but I'd be delighted to give you some links to Worldmark owner forum and explain the system a little better.


Sent from my iPad using Tapatalk

 

[Ty1on]

Well let me be the first to respond.
Based on your purchase price and maintenance fees, combined with your location of vacations California and west, I think you are ideally suited for one of three systems: Worldmark, Worldmark Pacific, or maybe Wyndham.
While I can't give you full details on Worldmark Pacific, one of the Worldmarks would be ideally suited for California and the Pacific and Wyndham may also provide access to the same resorts. Worldmark has many advantages in terms of trading, flexible use, cancellation and low maintenance fees. I'm off of the computer right now, but I'd be delighted to give you some links to Worldmark owner forum and explain the system a little better.


Sent from my iPad using Tapatalk

From what I've read on TUG, it seems like Worldmark would make for some strong trades into Europe, too.

 

[Passepartout]

MWAV, you don't say where you live, but I'm assuming it's in the West somewhere. If so, judging on my own feelings, you could do worse than Worldmark. Nice resorts- far better than La Quinta. You won't find them on eBay for a buck or so, so they hold some value. There is an active group, wmowners (on Yahoo groups, I think). Resales are available. My crystal ball rolled out of the truck and cracked to smithereens, but the last thing I saw clearly in it was "Hey dummy, why didn't you buy Worldmark instead of these other losers?"

Worth looking into anyway.

Best!

Jim

 

[momwantsavacation]

MWAV, you don't say where you live, but I'm assuming it's in the West somewhere. If so, judging on my own feelings, you could do worse than Worldmark. Nice resorts- far better than La Quinta. You won't find them on eBay for a buck or so, so they hold some value. There is an active group, wmowners (on Yahoo groups, I think). Resales are available. My crystal ball rolled out of the truck and cracked to smithereens, but the last thing I saw clearly in it was "Hey dummy, why didn't you buy Worldmark instead of these other losers?"

Worth looking into anyway.

Best!

Jim

If you veterans have thought of owning Worldmark, then it must be good. I would appreciate the links very much!

I do live in California right now. Do you think that they'll have enough in the Pacific/Asia region? He's thinking of staying there for a bit, I am thinking 3-5 years.

Avry

 

[momwantsavacation]

Well let me be the first to respond.
Based on your purchase price and maintenance fees, combined with your location of vacations California and west, I think you are ideally suited for one of three systems: Worldmark, Worldmark Pacific, or maybe Wyndham.
While I can't give you full details on Worldmark Pacific, one of the Worldmarks would be ideally suited for California and the Pacific and Wyndham may also provide access to the same resorts. Worldmark has many advantages in terms of trading, flexible use, cancellation and low maintenance fees. I'm off of the computer right now, but I'd be delighted to give you some links to Worldmark owner forum and explain the system a little better.


Sent from my iPad using Tapatalk

So they are all separate entities? Or I can trade amongst those three if ever? Send the link when your able. These are all good info and I can refine my research faster.

 

[Passepartout]

Worldmark is a subdivision of Wyndham. My understanding is that there is some sharing of resort's, but not all Worldmark members can use all Wyndhams, and vice versa. There is lots of info in the Worldmark subgroup of Wyndham in the resort system area. Look in the TUG forums main menu. Here is a link to some Worldmark info: http://www.tugbbs.com/forums/showthread.php?t=59141 click the link to go there.

They have lots of great resort's, many in the West, and they exchange worldwide very well. I don't know that you can get a really usable number of their points- that is prime summer season you will need for your family and hold annual MF to what you want to spend. But since you didn't give Welk a bundle, you have more to spend

Jiim

 

[taterhed]

So they are all separate entities? Or I can trade amongst those three if ever? Send the link when your able. These are all good info and I can refine my research faster.

Needed to do a bit of research. I own WM (or will this week!) but haven't dug thru the Pacific bit yet.

• "Worldmark, The Club" (WM) is a resort system owned by the owners and managed by Wyndham. I'm botching this, so I'm sure I'll be corrected. See the WMowners site for the true definition. The original Trendwest group split into Worldmark and Worldmark Pacific back in 06 or 07. The history is on the website. Any resale propertys pourchased after that time can NOT book directly into WM pacific (from WM) or vice versa. But, there are other ways.
• You can buy WM and exchange for WM Pacific via RCI and II. Not sure how tough that is, but I've seen them on the exchanges (including other exchanges).
• You can buy WM Pacific and WM. Book Pacific with one and US with the other. They are flexible, affordable, easy to buy, easy to sell, low MF's. The basically trade at a fairly stable rate right now.
• You could ask another pre 2007 WM owner (or any owner with WM Pacific priviledges) to book you a reservation and pay them back with your points. Some would like US points. Very helpful group. Like a rental. You can rent WM you book (not exchange) so it's legal.
• WM and WM Pacific are both point systems. You buy points and reserve what you need. You use housekeeping tokens (credits) for each rental. You get 1 per 10k of points. You pay for any others (about $70 on avg). You can borrow, bank, rent (in or out) or buy and combine additional points. It's uber flexible. Cancellations are easy and very flexible. There are discount times, rental times, etc.... Lots of 'special deals.' 7000 or 10000 is a good sized account. 10k account is around $781 annual MF.
• There are two primary forums that deal with WM. There is a WM section here on TUG. Links below.
• Not sure about cost of WM Pacific points. Maybe .60-$1.50 a points? Could be AUD I was seeing too--they are cheaper.
• WM points currently sell at about .40 cents a point plus $299 transfer fee--for a 'fully loaded' account. eg, 10,000 points is around $4000 plus $299 closing. (resale) This should come with 10k banked points, 10k current points and 10k available to borrow from next year. You get new annual points every year (10k in this example) on your anniversary (runs with contract). Rental points are around .65c a point. Housekeeping tokens (HKT's) run around $75. Some special rentals from WM have HK included. The catalog of resorts is also linked below. Only WM usa resorts--not Wyndam or WM pacific. You can joint RCI or II and deposit points (figuratively speeking) to get an exchange week. You choose how large. The fees for the membership (RCI or II) and exchanges (and HKT) are paid by you. You can get some amazing exchanges for not much. Exchanges inside 59 days (II) or 45 days (RCI) are 4000 credits.

Links:
WM owners

http://www.wmowners.com/forum/index.php?sid=d73758e79ded0b461bf85369910d79bb


TUG WM forum
http://www.tugbbs.com/forums/showthread.php?t=59141


WM info forum:
http://www.wmtsinfo.com/


Pacific resort guide
https://www.google.com/url?sa=t&rct...JsqIfuS3sEh4j7H2g&sig2=71AwfYEzTBNhUgVvsbIbVg

US resort guide (see Blue Worldmark resort pins only--not Wyndham and not Austrailia/NZ Fiji is Worldmark and included and Hawaii too)


https://www.myclubwyndham.com/ffrweb/pdfs/cw_wyndham_club_pass_supplement.pdf


There are several 'experts' here on TUG. if you have questions, read the faqs and post your questions in the WM forum or on the TUG wm section.


Good luck.

 

[momwantsavacation]

Needed to do a bit of research. I own WM (or will this week!) but haven't dug thru the Pacific bit yet.

• "Worldmark, The Club" (WM) is a resort system owned by the owners and managed by Wyndham. I'm botching this, so I'm sure I'll be corrected. See the WMowners site for the true definition. The original Trendwest group split into Worldmark and Worldmark Pacific back in 06 or 07. The history is on the website. Any resale propertys pourchased after that time can NOT book directly into WM pacific (from WM) or vice versa. But, there are other ways.
• You can buy WM and exchange for WM Pacific via RCI and II. Not sure how tough that is, but I've seen them on the exchanges (including other exchanges).
• You can buy WM Pacific and WM. Book Pacific with one and US with the other. They are flexible, affordable, easy to buy, easy to sell, low MF's. The basically trade at a fairly stable rate right now.
• You could ask another pre 2007 WM owner (or any owner with WM Pacific priviledges) to book you a reservation and pay them back with your points. Some would like US points. Very helpful group. Like a rental. You can rent WM you book (not exchange) so it's legal.
• WM and WM Pacific are both point systems. You buy points and reserve what you need. You use housekeeping tokens (credits) for each rental. You get 1 per 10k of points. You pay for any others (about $70 on avg). You can borrow, bank, rent (in or out) or buy and combine additional points. It's uber flexible. Cancellations are easy and very flexible. There are discount times, rental times, etc.... Lots of 'special deals.' 7000 or 10000 is a good sized account. 10k account is around $781 annual MF.
• There are two primary forums that deal with WM. There is a WM section here on TUG. Links below.
• Not sure about cost of WM Pacific points. Maybe .60-$1.50 a points? Could be AUD I was seeing too--they are cheaper.
• WM points currently sell at about .40 cents a point plus $299 transfer fee--for a 'fully loaded' account. eg, 10,000 points is around $4000 plus $299 closing. (resale) This should come with 10k banked points, 10k current points and 10k available to borrow from next year. You get new annual points every year (10k in this example) on your anniversary (runs with contract). Rental points are around .65c a point. Housekeeping tokens (HKT's) run around $75. Some special rentals from WM have HK included. The catalog of resorts is also linked below. Only WM usa resorts--not Wyndam or WM pacific. You can joint RCI or II and deposit points (figuratively speeking) to get an exchange week. You choose how large. The fees for the membership (RCI or II) and exchanges (and HKT) are paid by you. You can get some amazing exchanges for not much. Exchanges inside 59 days (II) or 45 days (RCI) are 4000 credits.

Links:
WM owners

http://www.wmowners.com/forum/index.php?sid=d73758e79ded0b461bf85369910d79bb


TUG WM forum
http://www.tugbbs.com/forums/showthread.php?t=59141


WM info forum:
http://www.wmtsinfo.com/


Pacific resort guide
https://www.google.com/url?sa=t&rct...JsqIfuS3sEh4j7H2g&sig2=71AwfYEzTBNhUgVvsbIbVg

US resort guide (see Blue Worldmark resort pins only--not Wyndham and not Austrailia/NZ Fiji is Worldmark and included and Hawaii too)


https://www.myclubwyndham.com/ffrweb/pdfs/cw_wyndham_club_pass_supplement.pdf


There are several 'experts' here on TUG. if you have questions, read the faqs and post your questions in the WM forum or on the TUG wm section.


Good luck.

Thanks for pointing me in the right direction! I will read through these and for sure I will have specific questions by tom.

You also mentioned II and I know of if bec. Of my Welk experience. How reliable is it for you to get a good exchange? I looked at the WM resorts online and they didn't have Thailand listed. I was already thinking if I can sometimes exchange it to stay there. I saw a couple of great resorts there, too.

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[Ty1on]

Thanks for pointing me in the right direction! I will read through these and for sure I will have specific questions by tom.

You also mentioned II and I know of if bec. Of my Welk experience. How reliable is it for you to get a good exchange? I looked at the WM resorts online and they didn't have Thailand listed. I was already thinking if I can sometimes exchange it to stay there. I saw a couple of great resorts there, too.

Sent from my SAMSUNG-SGH-I337 using Tapatalk

The general consensus is that RCI has more inventory, II has more quality. Based on your questionnaire, I would think that you would be happy with the kind of resorts (Starwood, Marriott, for example) you can trade into using II.

 

[momwantsavacation]

Worldmark is a subdivision of Wyndham. My understanding is that there is some sharing of resort's, but not all Worldmark members can use all Wyndhams, and vice versa. There is lots of info in the Worldmark subgroup of Wyndham in the resort system area. Look in the TUG forums main menu. Here is a link to some Worldmark info: http://www.tugbbs.com/forums/showthread.php?t=59141 click the link to go there.

They have lots of great resort's, many in the West, and they exchange worldwide very well. I don't know that you can get a really usable number of their points- that is prime summer season you will need for your family and hold annual MF to what you want to spend. But since you didn't give Welk a bundle, you have more to spend

Jiim

I am so glad that I really didn't give them any at all! It seems that they do have a lot of resorts in the West and WM pacific has a lot of destination that we'll be interested in, like Indonesia and Australia. I would look in further for the Europe part after I read the forums.

If you ask my husband to book hotels, he'll automatically look for the nicest one, meaning luxury (as a comparison: he'll is Marriott or Angsana in Phuket and Fairmont/Omni here in the US vs my budget-friendly La Quinta) . His wallet cannot always take it though, plus, I'm still around.

I know you mentioned that WM is pretty stable, was that in the last 5 years or so? Did it go up in price or stayed the same in terms of sale price over the years?

I will have to look at the point system and all that as well. As I am for sure that my husband will ask me about a resort close or right at the beach at least every 2 years, which will fall most likely in summer or March-May. He wants his beer and lounge chair "me time" while staring at the ocean.

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[taterhed]

I just did a quick check of DAE exchange and platinum exchange and found tons of inventory in Australia Bali and Thailand. Sfx too. All those exchanges except certain Worldmark resorts for deposit. In fact, I think you can rent some of those directly from the website take a look at DAE and SFX and platinum as well

Sent from my Kindle...pls forgive errors and brevity

 

[momwantsavacation]

I just did a quick check of DAE exchange and platinum exchange and found tons of inventory in Australia Bali and Thailand. Sfx too. All those exchanges except certain Worldmark resorts for deposit. In fact, I think you can rent some of those directly from the website take a look at DAE and SFX and platinum as well

Sent from my Kindle...pls forgive errors and brevity

What is a DAE and SFX?

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[puppymommo]

DAE (Dial an Exchange) and SFX are smaller exchange companies that sometimes give a better value/experience than RCI or II. I haven't used either of them but they are all some TUG folks use. Others I'm aware of are HTSE (Hawaii Timeshare Exchange) and TPI (Trading Places International).

 

[momwantsavacation]

DAE (Dial an Exchange) and SFX are smaller exchange companies that sometimes give a better value/experience than RCI or II. I haven't used either of them but they are all some TUG folks use. Others I'm aware of are HTSE (Hawaii Timeshare Exchange) and TPI (Trading Places International).

Wow. That's another new info. Are all of these member only exchange programs? I know RCI and II are both like that.

Which one are the most "valuable" do you think?

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[momwantsavacation]

DAE (Dial an Exchange) and SFX are smaller exchange companies that sometimes give a better value/experience than RCI or II. I haven't used either of them but they are all some TUG folks use. Others I'm aware of are HTSE (Hawaii Timeshare Exchange) and TPI (Trading Places International).

Puppymommo: Wow, that's another new info. Are all of these member only exchange programs? I know RCI and II are both like that.

Which one are the most "valuable" do you think?

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[momwantsavacation]

Ok, so I read up on a newbie thread and illuminated a couple of things:

- a minimum of 80% of people agree that WM keeps its value.

-they have multiple programs that I can use to "extend" my vacations. (Husband was asking if there is a TS that can possibly extend without buying more points which will increase our MF as well)

-WM can be used by me or guests. Awesome feature. Does it only extend to certain resorts?

- minimum of 5000 points are better value to start.

Still reading... let me know if I missed an important point so far

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[csxjohn]

DAE is free to join and anyone, even non-members can check their inventory.

http://www.daelive.com/

 

[momwantsavacation]

Thanks Csxjohn!

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[taterhed]

OK. Two things:

1. slow down. Nothing is going anywhere and the values are not skyrocketing right now. Some TS purchases are like crab traps: once you get in, you can't get out. You have a tight budget. You'll need to make sure you make good choices....the first time.
2. There are several ways to enjoy the use of timeshares:

• Own it and use it (close to home, easy for short planning and easy for long planning, flexible, no surprises and affordable)
• Own it and trade it (good for short notice, not so good for long-range and school calendars, unpredictable, lots of suspense, more expensive, can go unused due to 'hard to use' factor)
• Rent it for the maintenance fee (cheaper than owning, you know what you get, easier to plan ??, lots of choices, some suspense, flexible, long/short planning etc...) Since you've said 'Thailand' a number of times, I'll point out that tourism to Thai has a black-eye right now...rentals should be plentiful and dirt-cheap for quite a while. If you look, you could probably rent anything (Marriott included) for fire-sale prices. Many are asking how to refund reservations due to the terror/political climate there.

My suggestion to you was Worldmark. Easy to own (near home), affordable and flexible etc... Easy to trade in any exchange and trades well--for any destination that can be found on the exchanges. Can be rented, swapped or gifted/guested. Covers all the points above. NOT a trap, easy to buy, easy to sell, easy to rent unused points.

You might, however, consider just renting some units from the exchanges previously mentioned:: SFX, TPI, DAE, Platinum. These companies (all, I think) allow anyone to join and not only exchange properties, but also rent unfilled weeks. Some have membership fees, some do not. Generally, if you join the preferred membership, you get more value for your money. Not too expensive to join them--especially when they have membership drives. So, you could easily rent a unit in Thailand for cash with no up-front outlay. Later, if you get a timeshare (WM or ???) you could exchange the timeshare for one in (Thailand) your choice of destinations and, depending on the quality of your exchange, possibly get 2 for 1 (2 weeks) or even 3 for 1 exchange time--especially to some of the less-demanded resorts across the pacific rim and Thailand. This type of strategy would take time, planning, research and practice. Not something you can buy, but something you learn.

I've included the links to the exchanges below...you might take a look and see if there is something you could rent to get the 'mom needs a vacation' bug out of your system now, today. Then, you can take your time for future vaca. I will say, these purchase things take time (month or two at least) and that can be frustrating when you're trying to book next month or next year--and it's rapidly approaching. Finally, many of the secondary exchanges (like SFX etc...) work on a 'request' system. You call them, tell them what you want and when and they'll try to find it for you. Many report success with this system for lesser traded properties. You might just call them and chat.


SFX
http://www.sfxresorts.com/resort-directory/pacific-rim/thailand/
TPI
http://www.tradingplaces.com/exchange/about-tpi-exchange
DAE
http://www.daelive.com/search/bonusrental.aspx
Plat
https://booking.platinuminterchange.com/crs/Hotweeks.aspx?Step=1

 

[vacationhopeful]

Ok, so I read up on a newbie thread ..<snip>
Still reading... let me know if I missed an important point so far

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CHILL ... members here seriously suggest at LEAST 6 months of studying, reading, asking, visiting (renting or taking a tour) ... before YOU BUY ANYTHING. This is a lifestyle product which has to be used for YEARS after you buy it.

Ever brought a car and see the more perfect car (color) 6 months later? Timeshares are NOT easy to get rid of nor functional the same. If you buy a resort in Williamsburg, YOU might hate it even though on paper and via pictures was "so cute", best location, so full of golf courses & outlet malls, has an indoor pool, tennis, water parks in area, etc. Or the exchange company changes next year. Or a hundred other things happen.

I know ... I brought for what I thought was all the RIGHT reasons until I opened the door on my first stay .... the entire UNIT was PINK ... the kitchen cabinets, the walls color, the appliances, the tub & toilets ... the furniture was a plastic flowers with dark blues, greens, and pink flowers. I was sobbing with tears 3 feet inside the door to the unit ... one of my sister's just kept saying, "it looks really clean" while the other 2 guests of mine where speechless and jaws & eyes wide open.