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RESCIND - Vistana Flex - $16.5K

thegizzard

Guest
Joined
Mar 23, 2011
Messages
3
Reaction score
9
Points
63
Location
charlotte, nc
First of all I want to thank everyone on this website for a wealth of knowledge. Many many (15+) years ago I became a member of this site after visiting a timeshare presentation at Marriott Marbella. I do not remember the circumstances, but I am sure I learned enough here not to make that purchase.

6/14/19 - My wife and I responded to an offer for an inexpensive vacation which of course required a timeshare presentation. We rehearsed our responses and were prepared to say no. 3 hours and one fairly slick presentation later we ended up agreeing to $16.5K for 44K annual points. I did tell them I would take the evening to think it over and do the math, but somehow I ended up signing up.

Before the end of that evening I re-discovered this site and the exact process for rescinding. I even found the exact same offer on re-sale for $2500-$3500. Knowing I could buy resale if I really wanted put me at ease. Knowing the exact process to rescind allowed me to enjoy the rest of my vacation.

Two days later I put a certified letter in the mail canceling the contract, return receipt requested, along with copies of most of the documents they gave me, and the kindle in the mail. The contract was originally signed at the resort on 6/14. My letter went out in 6/18. My credit card was refunded on 7/1. I received the letter confirming cancellation on 7/5.

Thanks again for helping me avoid a massive financial mistake!
 

celica7101

TUG Member
Joined
Aug 5, 2018
Messages
131
Reaction score
23
Points
78
Resorts Owned
WKORV/N
good job at rescinding in time!
First of all I want to thank everyone on this website for a wealth of knowledge. Many many (15+) years ago I became a member of this site after visiting a timeshare presentation at Marriott Marbella. I do not remember the circumstances, but I am sure I learned enough here not to make that purchase.

6/14/19 - My wife and I responded to an offer for an inexpensive vacation which of course required a timeshare presentation. We rehearsed our responses and were prepared to say no. 3 hours and one fairly slick presentation later we ended up agreeing to $16.5K for 44K annual points. I did tell them I would take the evening to think it over and do the math, but somehow I ended up signing up.

Before the end of that evening I re-discovered this site and the exact process for rescinding. I even found the exact same offer on re-sale for $2500-$3500. Knowing I could buy resale if I really wanted put me at ease. Knowing the exact process to rescind allowed me to enjoy the rest of my vacation.

Two days later I put a certified letter in the mail canceling the contract, return receipt requested, along with copies of most of the documents they gave me, and the kindle in the mail. The contract was originally signed at the resort on 6/14. My letter went out in 6/18. My credit card was refunded on 7/1. I received the letter confirming cancellation on 7/5.

Thanks again for helping me avoid a massive financial mistake!
 

pchung6

TUG Member
Joined
Mar 16, 2015
Messages
630
Reaction score
242
Points
153
Location
California
Resorts Owned
WKORVN-OF, SVVx3, SBP, MKO-OV, MWR
Rescind. You can buy 44k points with SVV 1 bedroom for $750 or 81k points SVV 2 bedrooms for $1500 on ebay.
 

CPNY

TUG Member
Joined
Jun 18, 2019
Messages
4,403
Reaction score
2,182
Points
299
Resorts Owned
Harborside Resort at Atlantis
SVV - Key West
SVV - Bella
Regal Vista at Massanutten
Rescind. You can buy 44k points with SVV 1 bedroom for $750 or 81k points SVV 2 bedrooms for $1500 on ebay.
That 1500 on eBay makes you pay 1300 for 2019 maint fee which is insane! By the time the unit closed you’ll have 3 months to use options and it’s too late to bank them. Terms are non negotiable. Boy oh boy
 

dioxide45

TUG Review Crew: Expert
TUG Member
Joined
May 20, 2006
Messages
31,631
Reaction score
5,411
Points
899
Location
NE Florida
Resorts Owned
Marriott's Grande Vista
Marriott's Harbour Lake
SVV - Bella
SVV - Key West
I haven't seen any 1BR SVV Units on ebay in a while. One sold a while back, but it was listed wrong as a prime season when it was really only high. I have been on the lookout for 1BR SVV weeks and the shelves seem pretty bare at the moment.
 
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