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Massanutten questions

Catclaws

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Bought the following timeshare in Massanutten. Obviously already realized we got fleeced $5000 buying it from the developer, when people eare giving them away free, but aside from that, is it worth keeping if we actually plan to use it?

Biennial
Floating week 42
2 Bed, 2 Bath, Woodstone
Jacuzzi room
Partial kitchen
Fireplace balcony WiFi yadda yadda
Bonus week
Maintenance fees $227
Gold cards

We do enjoy the resort, and can make it there on a single tank of gas, making travel easy to use the timeshare. And we do take a lot of vacation time.

We were told we can trade it with RCI for a flat fee of $239 a week to receive similar 2 bedroom accomodations.

We also think that the 50 percent off cruises and last call deals are something we would take advantage of.

We don't mind traveling in off season or booking up to a year in advance.

Mostly I'm afraid of rising maintenance fees as the resort is expanding. 227 is low but 20 years from now are we going to be paying 1000 or more? Is there any kind of percent cap or anything that can keep them from just drawing you in with a reasonable MF and then tripping it next year?

Are there any other hidden fees to be aware of? Either when at Massanutten or when trading the week in RCI?

I see a lot of people here talk about points but nothing like that was mentioned in the presentation. They made it sound like we just pay $239 and can go to any RCI resort. (As long as it's available of course)

Any other things you can advise me of?
 

tschwa2

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At $227 you either own a triennial 2 BR unit lockoff or and every other year dedicated 2 BR. That means you pay the fee every year but you only get a unit every 3 years or every 2 years.

They make you think that about trading power (that you can exchange into anything available) but that isn't the way it works.
There is no 50% of cruises. RCI cruise prices are similar to any other cruise outlet. Sometimes it might be a little lower, sometimes it may be higher than you can find else where.

If it isn't too late to rescind you should. If it is you have a lot to learn over the next year or two if you want to try to get the best possible use of your purchase.
 

Catclaws

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Our contract says Biennial odd which would mean every odd year. They did tell us that since it's late in the year already our first deeded week is in 2021. But they told us we can use our bonus weeks this year and in 2020 and then starting the following year we will have two weeks, one deeded and one bonus.
 
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tschwa2

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Bonus weeks are through RCI and you can only book 45 days in advance and the trading power is fairly low. If you are ok travelling off season it may work for you. Massanutten also has trade boosts. You may be too late to take advantage of it this year, you will have MF due January 2020 and if you pay your 2021 MF in May or June you can get an other deposit (part of their trading boost program) that may be better than what you actually get for your unit.
 

Grammarhero

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Bought the following timeshare in Massanutten. Obviously already realized we got fleeced $5000 buying it from the developer, when people eare giving them away free, but aside from that, is it worth keeping if we actually plan to use it?

Biennial
Floating week 42
2 Bed, 2 Bath, Woodstone
Jacuzzi room
Partial kitchen
Fireplace balcony WiFi yadda yadda
Bonus week
Maintenance fees $227
Gold cards

We do enjoy the resort, and can make it there on a single tank of gas, making travel easy to use the timeshare. And we do take a lot of vacation time.

We were told we can trade it with RCI for a flat fee of $239 a week to receive similar 2 bedroom accomodations.

We also think that the 50 percent off cruises and last call deals are something we would take advantage of.

We don't mind traveling in off season or booking up to a year in advance.

Mostly I'm afraid of rising maintenance fees as the resort is expanding. 227 is low but 20 years from now are we going to be paying 1000 or more? Is there any kind of percent cap or anything that can keep them from just drawing you in with a reasonable MF and then tripping it next year?

Are there any other hidden fees to be aware of? Either when at Massanutten or when trading the week in RCI?

I see a lot of people here talk about points but nothing like that was mentioned in the presentation. They made it sound like we just pay $239 and can go to any RCI resort. (As long as it's available of course)

Any other things you can advise me of?
Rescind. You can get that same Ts for $1
 

bluehende

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I will assume you cannot rescind. If you can it is a no brainer. Week 42 is not a prime week but would be a great time to be there. A beautiful fall week. As to whether you should keep it is an individual decision. If you can reconcile the fact that the 5 grand is gone your ongoing ownership can have value. You could rent that week from rci for about the same amount or less. However if it is your only timeshare then it is your ticket to those cheap rentals as you have said you can travel off season. I would be happy having a nice fall week to explore the mountains. In fact I own a VT week 40 that we will enjoy for the 16th yr in a row this year. We love it.

Others have given some advantages to owning and you can balance the plus's and minus's.
 
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