Need some hand-holding with 4 days left to recind

[rickandcindy23]

I was looking at the pure numbers of the day-use availability. If they had ten spots each week, and you are competing with hundreds of owners each and every week, the chances are minimal of getting a week. If they were marketing outside of the state more than they appear to be, that would give locals a better chance at day use.

I can see the ski week owners being buddy-buddy with the salesman and having him reserving the day use ahead of others, simply because the ski week owner paid more. I think our DIL's parents were quoted pretty high for a ski week.

 

[pkyorkbeach]

Great that you are rescinding

 

[carl2591]

Folks if this guy/gal dont get it with all the replys there are two things that came to mind.

1. it a plant poster,, must likely from Wyndham trying to do something ?? or

2 this person is better off paying the full price and suffering the consensus if what everyone is telling them can/will happen, does happen down the road..

like the poster above.. you are beating a dead horse here.. let it go....



WOW i see they saw the light.. nice.. now learn how to work the system.. read here for the next couple months and see what the real deal on timeshare is..

 

[DeniseM]

Boys and Girls - HE RESCINDED ALREADY! :rofl:

 

[89MustangGX]

I was looking at the pure numbers of the day-use availability. If they had ten spots each week, and you are competing with hundreds of owners each and every week, the chances are minimal of getting a week. If they were marketing outside of the state more than they appear to be, that would give locals a better chance at day use.

I can see the ski week owners being buddy-buddy with the salesman and having him reserving the day use ahead of others, simply because the ski week owner paid more. I think our DIL's parents were quoted pretty high for a ski week.

I understand the OP is already rescinding, but I think it would benefit future searchers to put some real numbers out here.

Let's say there are -- 50 units. And 1/2 are bi-annual and 1/2 are annual owners. That means there are approximately 3900 owners (50 bi-annual and 25 annual * 52 weeks). If we figure conservative and say only 1/4 of the owners want to use their Day Use privledges and park at the resort, that means there are almost 1000 people all competing for those parking spots! And if there are 100 units that number doubles!

Seems like it won't be long before day use goes away -- unless they are planning a REALLY big parking lot.

Adam

 

[jbschube]

Alternative to Think About....

JPinCo,

I was in the exact same spot as you about 2 months ago. I live in Denver and have 2 children, 4 and 6. The Grand Lodge is absolutely beautiful and the location on Peak 7 is just about as good as it gets. My wife and I sat through a presentation and we're presented the exact same fall/spring timeshare....and we actually thought about it simply for the day use privileges. Given that our skiing is going to increase significantly over the next few years now that the kids are getting older, the day use portion offers a huge benefit...and Grand Lodge knows that. Anyway, long story short, after several hours we finally decided not to pay 12K upfront and walked away. (We did waste $995 to keep the option to buy open....simply because we didn't want to make an emotional decision at the time.)

I researched the Grand Lodge on the resale side of things. However, they closed the loophole and restricted "club membership" activities unless the timeshare was purchased through the Grand Lodge. Yes, prices were significantly lower.

So....the salesperson that showed us the Grand Lodge kept referring to their other project in Breckenridge, the Grand Timber Lodge. It's probably 13 years old, but well maintained and considered 5 stars....at least by the lodge themselves. For exchange sakes, it's rated premier on II. Anyway, my wife and I are looking to visit the GTL with the intent to purchase a timeshare in the secondary market. They have the same club membership benefits provided by the Grand Lodge. I'm looking specifically for the day use and the bonus days. GTL has ski in/ski out access to the mountain between peak 8 and peak 9. It's not as convenient as the Grand Lodge, but it can definitely work as a pretty good alternative. Plus, just looking at the resale listings....you will save a ton of upfront $$$$. Anyway, just a thought.

 

[rickandcindy23]

An off-season week will still trade poorly in II, no matter that it's Premiere. At 59 days or less, you can get great stuff, but planning ahead would be difficult.

I am not as inclined to be impressed with a blue/ green week, owning one that is very limited in trade value. Our week is in Frisco.

If you are going to buy, choose ski or summer, which will trade well. By the way, it's easy to get exchanges in Colorado for summer, but ski is more difficult. But it's not impossible with a good trader.

 

[JPinCO]

jbschube-

Thanks for the info- I actually came to the same conclusion about Grand Timber as well & have been doing some research about how they arrange those day use reservations, etc. I think we're going to take the advice of this Forum and take a few months to look closely at prices; and learn more about exchanges, etc for that property. Then maybe we'll make a move in the next year or so at Grand Timber - our kids are on the very young side of the age to start skiing, so we probably are jumping the gun anyway.

You mentioned touring the GTL before buying on the resale market - just making sure you know about the clause in their Disclosures: http://www.baughan.com/htm/files/disclose.htm (it's the most up-to-date I could find). Note "Q. RESALE OF PROPERTY"

If you toured Grand Timber Lodge but made your purchase of timeshare at Grand Timber Lodge through a resale program, club member benefits are not transferable.

That means if they have a record of your having done a TS presentation at GTL, you cannot have club benefits transferred to you. I'm not sure if the resort resale office counts; but I wouldn't go near it just in case. And I'm pretty sure you must buy from an original owner to get those privileges too -I've made some inquiries about this, and I think I wouldn't risk buying a bankruptcy court-owned property as a result. I think I will make a direct inquiry to the Resort before I close on any purchase, to make sure that that specific deed had those benefits still intact. Something to consider, if you haven't already.

Right now there are three on eBay:
http://tinyurl.com/2bftudz
http://tinyurl.com/25nmvu5
http://tinyurl.com/289qc2r
Certainly looks way cheaper in comparison to GL7, but part of what I need to do is get a sense of what's a good deal and what isn't; so I'll just be watching to see what these go for rather than jumping the shark again. Plus I need to figure out if I should wait / pay more for a 3BR, etc.

Cindy - definitely ruling out off-season. Summer might make sense given school, etc; in case we use it rather than trade it. I'm a bit surprised to hear you say that ski weeks are harder to trade, though. I guess it's a smaller pool of enthusiasts (skiers) as opposed to Floridians and Arizonans trying to escape the heat?

Thanks again to this community- y'all saved me $$$$!

 

[rickandcindy23]

Cindy - definitely ruling out off-season. Summer might make sense given school, etc; in case we use it rather than trade it. I'm a bit surprised to hear you say that ski weeks are harder to trade, though. I guess it's a smaller pool of enthusiasts (skiers) as opposed to Floridians and Arizonans trying to escape the heat?

I wasn't clear and am always guilty at that. Ski season is hard to get when you are trying to exchange in, but ski is great for trading out to other resorts. Some of the best traders are prime ski weeks.

We have some traders that do well exchanging into Colorado ski weeks through II, but the opportunities are few and far between, so we pretty much take what we can get. An ongoing search is always a great idea, for ski weeks.

 

[Jaybee]

This whole scenario has brought up a question in my mind, too, about the day use privileges. We are platinum members at Lawrence Welk, and have always had day use ability, though we've never used it. We don't play golf much anymore, but figured we might try it again one of these days.
We were at Escondido last week,in a villa, and went up to Mtn.Villas so the kids could use the pool & slide. They've now opened that up to all who are staying on the Welk property. That was on Monday morning, and it was jammed...and that is a huge pool/play area.
I don't know how many day users they have, but I've heard quite a few buy there just for the golf privileges. I've never seen the golf courses very crowded, but it makes me wonder if they will continue to offer the day use for the pools. I guess my mind is just meandering..We'd never thought about it before.

 

[Mel]

When Orange Lake was first being sold, day use was written into the contracts. Many years later, they created the Clemmons Wilson Club ( or some similar name), and offered membership as a premium for purchase from the resort - in effect owners of older deeds were grandfathered in, and are able to transfer membership with their deed, while I don't think newer owners can. This is a trick we've seen many resorts use to bolster the value of purchasing from the developer. But it's all smoke and mirrors, because if you think about it, they're devaluing your property immediately, because you can't resell the whole package - so much for your "investment."

For those looking at resales, you have to read the contracts carefully - just because the resort has changed policy doesn't change the rights of the original owners. If they had day-use rights written into their contract, and their contract stipulates that the day-use can be transferred, that stays with the deed. The resort can't take that away, though they will try to convince you they can. Purchasing for Day Use is a valid reason for purchasing a timeshare, but it still must be done in an intelligent way - resale is still the best bet.

 

[cpcat]

Great thread

I'm going out to GP7 with my family April 2-9 through an II exchange. I'm going (voluntarily) to a presentation on Wed---primarily to take advantage of discounted lift passes. Don't worry, I won't get sucked into anything. Reading over this site the past several days has been very educating (and enjoyable! ).

An interesting thought occurred to me though: What would happen if no one bought from developers?

 

[siesta]

An interesting thought occurred to me though: What would happen if no one bought from developers?

Then me and you wouldn't have resales to buy. but most people that buy don't find tug or other resources until it's too late if at all, so enjoy the resales.

 

[Holly]

We won't go back to Lawrence Welk because of the day use. When we were there it was unbelieveable...multi-generations of families were there with big coolers and big picnics. Apparently during the summer lots of locals use it as their private pool/day camp.

We met one family whose cousin owned the timeshare and they had like 12 people there. They said that they were there 3-4 days a week during the summer. We met another group of college-age kids that were partying at the pool in the evening. There were six of them and they had coolers of beer and had burgers on the grill and said that they came there on weekends, as they lived 20 minutes away and used LW as their "country club".

The kids activities were packed and half of the kids were locals.

This whole scenario has brought up a question in my mind, too, about the day use privileges. We are platinum members at Lawrence Welk, and have always had day use ability, though we've never used it. We don't play golf much anymore, but figured we might try it again one of these days.
We were at Escondido last week,in a villa, and went up to Mtn.Villas so the kids could use the pool & slide. They've now opened that up to all who are staying on the Welk property. That was on Monday morning, and it was jammed...and that is a huge pool/play area.
I don't know how many day users they have, but I've heard quite a few buy there just for the golf privileges. I've never seen the golf courses very crowded, but it makes me wonder if they will continue to offer the day use for the pools. I guess my mind is just meandering..We'd never thought about it before.