jazzaholic84
newbie
- Joined
- Apr 24, 2018
- Messages
- 3
- Reaction score
- 4
- Resorts Owned
- welk platinum
Hello All! Brand new to this site, glad I found it. My wife and I are platinum owners through the Welk (we have 540,000 points/year) and have been vacationing at their resort in Cabo for the past week. We were going to sign up for a cabo tour and ended up at a presentation thinking we just wanted a free tour and $50 cash. But what ended up happening was me questioning whether our Welk resort was a worthwhile investment. After we were close to walking out the door an "expert" on the Welk system was brought in and we ended up buying the smallest option they had after he convinced me our Welk ownership was not a good investment due to increasing maintenance fees. He then promised that their lawyers could get us out of the ownership via transfer to their resort for $695. After we got home I found this website and found a thread from someone else within the last few months that made a similar purchase. Every single reply was to cancel. So naturally now I am having quite a bit of reservations. I have a few questions that I'm hoping the veteranos of the time share system will help and guide me through.
First question is cancellation of the purchase today. I read on the other user's post that there is a 5 day window. I have reviewed the documents and indeed found the cancellation clause that states 5 days. Specifically it says, "The cancellation must be made in writing at the place where the transaction was carried out or at the address of the intermediary or the representative of the company or in the email that the intermediary indicates in the agreement." I am in Cabo for the next 3 days, so it sounds like the easiest method is to simply go back and tell them I want to cancel, correct? Can I simply write out on a piece of paper "I want to cancel this purchase."
Second question pertains to my current ownership at the Welk. I've begun to realize that the yearly maintenance fees will add up and end up being what my cost is every year to go on vacation. In the 5 years of my ownership the maintenance fees have gone up almost $1,000. So I understand that over time they will continue to increase and be quite expensive. So the question is, what is the better alternative? I see people talking about buying memberships on ebay, but can someone break it down for me? Is it simply buying a year from someone? I checked Ebay and I see people offering various ownerships for $1. Any explanation would be greatly appreciated because that will heavily influence whether or not I keep my Welk ownership.
Last question: If I was to decide to get rid of my Welk ownership because I learn the more cost effective route via Ebay, how would I go about getting rid of my ownership? A few pertinent details about my Welk ownership is that we own the points outright, they are paid off. I saw a few threads where people were talking about potentially selling back to the Welk directly and receiving around 2-3K for their points. And that was for 240,000 points, so I would imagine I might be able to get a little more back for the amount we have.
Thank you all in advance, I know this a long post with multiple questions. I appreciate any and all feedback and guidance!
Bob
First question is cancellation of the purchase today. I read on the other user's post that there is a 5 day window. I have reviewed the documents and indeed found the cancellation clause that states 5 days. Specifically it says, "The cancellation must be made in writing at the place where the transaction was carried out or at the address of the intermediary or the representative of the company or in the email that the intermediary indicates in the agreement." I am in Cabo for the next 3 days, so it sounds like the easiest method is to simply go back and tell them I want to cancel, correct? Can I simply write out on a piece of paper "I want to cancel this purchase."
Second question pertains to my current ownership at the Welk. I've begun to realize that the yearly maintenance fees will add up and end up being what my cost is every year to go on vacation. In the 5 years of my ownership the maintenance fees have gone up almost $1,000. So I understand that over time they will continue to increase and be quite expensive. So the question is, what is the better alternative? I see people talking about buying memberships on ebay, but can someone break it down for me? Is it simply buying a year from someone? I checked Ebay and I see people offering various ownerships for $1. Any explanation would be greatly appreciated because that will heavily influence whether or not I keep my Welk ownership.
Last question: If I was to decide to get rid of my Welk ownership because I learn the more cost effective route via Ebay, how would I go about getting rid of my ownership? A few pertinent details about my Welk ownership is that we own the points outright, they are paid off. I saw a few threads where people were talking about potentially selling back to the Welk directly and receiving around 2-3K for their points. And that was for 240,000 points, so I would imagine I might be able to get a little more back for the amount we have.
Thank you all in advance, I know this a long post with multiple questions. I appreciate any and all feedback and guidance!
Bob