nocalcooper
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- May 26, 2008
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Just spent the weekend at Newport Coast Villas and bought 2 EOY weeks at Newport and Vegas. This is a shock as we went in saying if we buy we'd buy resale and not through the developer.
Those salespeople are good at what they do. We were told that if we bought resale we would only be able to use that property during the particular week (gold or platinum) that was purchased. We would not be able to exchange for other TS units (Marriott or otherwise) and we would not be able to trade in our week for points to be used on Marriott hotels, airfare, etc.
We were also told that NCV would likely increase in value with time because of its prime real estate and demand and would be a good investment. I'm now realizing that an investment it is not. It's probably a good travel value if used correctly but not much more.
Given these circumstances, we felt pressured to buy. After all, the MVC seemed to be a great deal the way it was presented. But now that we're home and looking into it, we feel that maybe we should have stuck with our initial feelings and gone with a resale. My inclination is to rescind.
I've read the threads on buying resale so forgive me if this is redundant. Are the statements in "blue" above, in fact, correct? What about gifting a TS. Do the points transfer then?
Thanks in advance for sharing your wisdom!
Kerry
Those salespeople are good at what they do. We were told that if we bought resale we would only be able to use that property during the particular week (gold or platinum) that was purchased. We would not be able to exchange for other TS units (Marriott or otherwise) and we would not be able to trade in our week for points to be used on Marriott hotels, airfare, etc.
We were also told that NCV would likely increase in value with time because of its prime real estate and demand and would be a good investment. I'm now realizing that an investment it is not. It's probably a good travel value if used correctly but not much more.
Given these circumstances, we felt pressured to buy. After all, the MVC seemed to be a great deal the way it was presented. But now that we're home and looking into it, we feel that maybe we should have stuck with our initial feelings and gone with a resale. My inclination is to rescind.
I've read the threads on buying resale so forgive me if this is redundant. Are the statements in "blue" above, in fact, correct? What about gifting a TS. Do the points transfer then?
Thanks in advance for sharing your wisdom!
Kerry