nurie0
newbie
First of all, I want to thank you all for providing this service. My husband and I just took our first vacation in ten years of marriage, a be-lated honeymoon. We went to Las Vegas and ended up buying a timeshare on December 28th. Now, I'm having deep reservations on what we bought and the price we paid.
It is a preconstruction (to be built by 2009) at Westgate Planet Hollywood for $16,900, 1 bedroom, 1200 sq feet, floating odd year in red with a maintenance fee of $540 every other year. It will be attached to Aladdin which is being remolded into Planet Hollywood (who now owns it). The address is Las Vegas Blvd. in front of Bellagio and across MGM’s new construction for 2009 "City Limits". We can also trade in for a lock out 2 bedroom (a studio and 1 bedroom) in a year's time period for an additional $7,000 for use every odd year.
I am not sure if I have the option to cancel the contract. They did not say it and I am not sure where that option may be in the fine print? It seems that everything on the internet is much cheaper. We have three kids and will never go to Las Vegas with them. If we kept it we would be trading through Interval International. I'm thinking that it would have been better for us to just rent from other people.
When we were buying we thought it would be a good investment for the future. We also thought it would be easy to rent out. Now I am not sure either is right. I am still unclear if it is a good buy and if we should upgrade it to the two bedroom lockout? As you can see I am confused. If you guys have any advice for me, I would greatly appreciate your input.
Thanks!
It is a preconstruction (to be built by 2009) at Westgate Planet Hollywood for $16,900, 1 bedroom, 1200 sq feet, floating odd year in red with a maintenance fee of $540 every other year. It will be attached to Aladdin which is being remolded into Planet Hollywood (who now owns it). The address is Las Vegas Blvd. in front of Bellagio and across MGM’s new construction for 2009 "City Limits". We can also trade in for a lock out 2 bedroom (a studio and 1 bedroom) in a year's time period for an additional $7,000 for use every odd year.
I am not sure if I have the option to cancel the contract. They did not say it and I am not sure where that option may be in the fine print? It seems that everything on the internet is much cheaper. We have three kids and will never go to Las Vegas with them. If we kept it we would be trading through Interval International. I'm thinking that it would have been better for us to just rent from other people.
When we were buying we thought it would be a good investment for the future. We also thought it would be easy to rent out. Now I am not sure either is right. I am still unclear if it is a good buy and if we should upgrade it to the two bedroom lockout? As you can see I am confused. If you guys have any advice for me, I would greatly appreciate your input.
Thanks!
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