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Just bought Welk Points after 2 Auditions Packages

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Hi all,
I wanted to see whether you thought it would be best to rescind my contract.
I bought 2 auditions packages with Welk before total of $6000 for 600,000 points, which ended up being a pretty good thing for us since we were actually able to use it and it was more flexible than just renting, but we just upgraded to full time ownership with 120,000 points every other year for $7k (down from $13k with our auditions packages applied) with a maintance fee of $1k.
Does this seem like an ok deal or should I rescind? I still have 3 more days still the end of the 7 day period.
I liked the Welk resorts especially Tahoe ones and I liked the flexibility of trading with RCI. I also like that I could purchase extra days from them at a discount $300 per night for a 3 bedroom that normally costs $1500 but I am worried about the availability of this.
Let me know what you think. I know resale is normally the way to go but I thought this was an ok deal since Welk has first right of refusal on resales.
 

LannyPC

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I wanted to see whether you thought it would be best to rescind my contract.

Does this seem like an ok deal or should I rescind?

I'll tell you what most here on TUG would say to someone in this situation. The fact that you are wondering about this should be a signal to rescind. Forget about what the sales person told you. Despite what s/he or they said, that deal will be there available next week, month, or year if you want it. The chance to rescind won't.
 

mjm1

TUG Review Crew: Expert
TUG Member
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Resorts Owned
Marriott: Resorts and Destination Club Points;
Westin Kierland Villas;
HGVC Flamingo & Blvd;
Hyatt Pinon Pointe
As a former Welk Platinum Program owner, I would recommend that you rescind your purchase.

The auditions package of 600k points would get you two weeks in a 2BR unit in Escondido. I don't recall what that would get you in Tahoe, but either similar or less since their newer properties tend to require a higher level of points. I am pretty sure that you could rent those units for less than $6,000.

The 120k points that you bought for $7,000 would only get you one week in a studio (small 1BR) unit in Escondido. Again, I am not sure about Tahoe, but likely similar or less.

If you are new to timesharing, which I assume you are, you would do well to rescind and then do more research to decide which system and locations would work best for you. This type of offer from Welk will be there in the future if you ultimately decide that is the direction in which you would like to go.

Best regards.

Mike
 

JayMalotti

newbie
Joined
Mar 25, 2018
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Hi all,
I wanted to see whether you thought it would be best to rescind my contract.
I bought 2 auditions packages with Welk before total of $6000 for 600,000 points, which ended up being a pretty good thing for us since we were actually able to use it and it was more flexible than just renting, but we just upgraded to full time ownership with 120,000 points every other year for $7k (down from $13k with our auditions packages applied) with a maintance fee of $1k.
Does this seem like an ok deal or should I rescind? I still have 3 more days still the end of the 7 day period.
I liked the Welk resorts especially Tahoe ones and I liked the flexibility of trading with RCI. I also like that I could purchase extra days from them at a discount $300 per night for a 3 bedroom that normally costs $1500 but I am worried about the availability of this.
Let me know what you think. I know resale is normally the way to go but I thought this was an ok deal since Welk has first right of refusal on resales.
120k points on eBay is going for about $3,500. The resale market is the way to go with timeshares

Sent from my Moto G (4) using Tapatalk
 

TheTimeTraveler

TUG Member
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Rescind immediately while you still have the chance. After all, you can still go back and buy again another time should you regret rescinding. But don't worry, you won't regret it at all when all is said and done!




.
 

TUGBrian

Administrator
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quite literally the number one reason to rescind, is if you have even a single unanswered question or doubt about your purchase.

you will ALWAYS have the ability to buy from the salesman again anytime in the future for the exact same price (and even less on the resale market)

however you will NOT be able to cancel after your rescission period has passed and this is always only a matter of days.
 
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