New owner with question

[Meril706]

Hello
My wife and I just bought a 2 bdrm villa from the Starwood sales folks in Orlando Sheraton Vistana. We bought based on what we could afford and were told that as long as we are owners (regardless of location) we could trade within SVN and II for whatever we can get....

We were deeded in SPGA for week 36. The VOI use type is "biennial - floating" and season is "advantage" worth 37,000 StarOptions. We can upgrade to include the opposite year within 12 months for~ $3,500 (no idea if we should expect to see an increase in our StarOptions for this added buy)

My question: our goal is to use this program to trade into other locations for family vacations (march spring breaks or week 34 summer vacations). Is our trade based on the # of options another SVN property is worth? What about in II where there are no StarOptions? How do I know what we could reasonably trade for there?

Any advise on how we can maximize our trade capabilities so we can increase our location options?

Thx

 

[DeniseM]

Hi and welcome to TUG!

I am going to email this info. to you as well.

This timeshare can be purchased for $1 on the resale market, so if you are in the legal recission period, you should ABSOLUTELY RESCIND IMMEDIATELY!

You have 10 days from the date you signed the contract- SO DON'T DELAY!

All the details - http://www.tugbbs.com/forums/showthread.php?t=74493

This timeshare is not worth the thousands you paid for it, and probably financed - please rescind today!

Unfortunately, you bought the lowest season, at one of the least desirable Starwood resorts. The sad truth is that this unit will have very poor trading value - 37,000 Staroptions is nearly nothing. For example, a studio at the Maui resort is 67,100 Staroptions. At many of the resorts, 67,100 Staroptions is the minimum required, so you will not have enough Staroptions for most SVN trades. It will not trade well in II either, because it's off-season, at a resort without much demand.

 

[Meril706]

Got it. Thanks for that advise Denise. Will pull the paperwork tonight and rescind exactly as they state!

How do we best jump into Starwood in the future? We're a family of 6. Four kids under the age of 10. We want to use for mom and dad getaways and family vaca...

 

[DeniseM]

Whew! I am so glad it's not too late!!!!

Here are some questions for you to answer about your timesharing goals so we can advise you more accurately - click the quote button, and you can answer them on the next page:

1) Where do you want your home resort to be?

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?

3) What are your 5 top trade destinations?

4) How many people do you usually travel with?

5) Can you travel any time, or are you locked into the school schedule?

6) Can you make firm plans 12 or more mos. in advance?

7) Can you vacation for a full week at a time?

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?

9) How much can you afford to spend upfront, without financing?

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?

11) Are you a detail oriented planner?

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?

 

[Meril706]

Hi and welcome to TUG!

I am going to email this info. to you as well.

This timeshare can be purchased for $1 on the resale market, so if you are in the legal recission period, you should ABSOLUTELY RESCIND IMMEDIATELY!

You have 10 days from the date you signed the contract- SO DON'T DELAY!

All the details - http://www.tugbbs.com/forums/showthread.php?t=74493

This timeshare is not worth the thousands you paid for it, and probably financed - please rescind today!

Unfortunately, you bought the lowest season, at one of the least desirable Starwood resorts. The sad truth is that this unit will have very poor trading value - 37,000 Staroptions is nearly nothing. For example, a studio at the Maui resort is 67,100 Staroptions. At many of the resorts, 67,100 Staroptions is the minimum required, so you will not have enough Staroptions for most SVN trades. It will not trade well in II either, because it's off-season, at a resort without much demand.

We just arrived back home so I will answer your questions later. I did however pull our contract and we need to send, in writing, our intent to cancel. I will use your suggested cancellation language in our letter and send via certified mail tomorrow. Thanks again

 

[DeniseM]

We just arrived back home so I will answer your questions later. I did however pull our contract and we need to send, in writing, our intent to cancel. I will use your suggested cancellation language in our letter and send via certified mail tomorrow. Thanks again

Absolutely! - focus on rescinding FIRST - then come back and talk TS with us!