david75093
TUG Member
I went to Parc Soleil in Orlando on December 15th and attended a presentation from HGV Club. I bought 7,000 annual points, 3 bedroom, Gold at Ocean 22 in Myrtle Beach for $35,340.00. I also received 20,000 points at the signing that can be used within 30 days because I paid 20% down ($7,717.00), which I put on the Hilton American Express. ( I am able to pay it off right away and won't incur any interest).
I know little to nothing about time shares, but do know that we like to take one nice vacation at least once a year and usually spend between $4,000-$6,000 each trip, staying in a 1 room hotel room with 2 queen size beds (the kids share a bed), no kitchen, no separate bath. In the past we have gone to Sanibel, which has several HGV Club properties, been to Universal and Disney. I saw this opportunity with HGV as a chance to stay in a nice hotel for our annual vacations and pay about the same as I would for a standard hotel room with no upgrades to a suite.
I can use the 20,000 points in the next 2 years or convert to RCI for 4 years.
Questions:
1) In the HGV Club arena, did I get a good deal, given the 20,000 points up front OR do I rescind and go for resale market?
2) Will the VALUE of this investment go DOWN or go UP as time passes?
3) HGV made a big deal about being able to pass this along to our children. Is that really something that can be passed down? It seems like what 7,000 points can get you today will require twice as many points in the future?
Can you tell I don't know much about timeshares?
I'm obviously under the gun on time, so I would certainly appreciate your input. I have just a couple days to rescind.
I know little to nothing about time shares, but do know that we like to take one nice vacation at least once a year and usually spend between $4,000-$6,000 each trip, staying in a 1 room hotel room with 2 queen size beds (the kids share a bed), no kitchen, no separate bath. In the past we have gone to Sanibel, which has several HGV Club properties, been to Universal and Disney. I saw this opportunity with HGV as a chance to stay in a nice hotel for our annual vacations and pay about the same as I would for a standard hotel room with no upgrades to a suite.
I can use the 20,000 points in the next 2 years or convert to RCI for 4 years.
Questions:
1) In the HGV Club arena, did I get a good deal, given the 20,000 points up front OR do I rescind and go for resale market?
2) Will the VALUE of this investment go DOWN or go UP as time passes?
3) HGV made a big deal about being able to pass this along to our children. Is that really something that can be passed down? It seems like what 7,000 points can get you today will require twice as many points in the future?
Can you tell I don't know much about timeshares?
I'm obviously under the gun on time, so I would certainly appreciate your input. I have just a couple days to rescind.