Hello,
We recently went a second time to Welks Northstar Lake Tahoe last Sunday-Wed and decided to attend a presentation not only for the free stuff but I was also genuinely curious as to how I can save money buy "investing" on a timeshare. I recently decided that it's time I spend a little more time with my family now that my schedule permits it and I have some extra money to spend on yearly vacations. The salesperson was very cordial and accommodating with the occasional double teaming from the other veteran salesmen around. So, they quoted us for the 120K points for a total of 21K 1 week/yr 1bedroom villa with the option for an exchange for a bonus week and MF's of around 1287/yr. I decided to put up 50% dp with the balance payable at 0% for 1 year because I did not want to pay the very high interest rates for 10 yrs. I initially thought that 20k is not that bad to invest on making memories with my family thinking that I would be able to book easily even on peak months like Dec-Jan with an option to stay on the nearby hotels like Ritz or One Village Place to take advantage of the free bonus week. I was not able to do research the days following my purchase because internet and 5G was pretty bad at Yosemite so I was only able to do some browsing last weekend then finally talked to a co-worker of mine who also has a Welk Escondido timeshare from 10 yrs ago for about 300K points I think. She was not very enthusiastic about my purchase and mentioned that she barely even uses the bonus week due to its restrictions and the difficulty of booking your desired vacation dates even though you're supposed to be an "owner". The other thing that also kept nagging me was the MF's for the life of my ownership which from what I've read on the net will continue to increase. So, last night on the 6th day of signing the contract I faxed them a cancellation letter which I will also send via registered mail today which is the 7th day and I'm hoping they will still honor it if not, then I will just try to make this purchase work which I think is still a good thing. I just wished I did due diligence like checking out this very helpful website before I jumped to this purchase. If indeed I am able to get out of it, I am really interested in exploring the resale market and exploring the details on going that route of purchasing a timeshare. Thank you and sorry for the long post.
We recently went a second time to Welks Northstar Lake Tahoe last Sunday-Wed and decided to attend a presentation not only for the free stuff but I was also genuinely curious as to how I can save money buy "investing" on a timeshare. I recently decided that it's time I spend a little more time with my family now that my schedule permits it and I have some extra money to spend on yearly vacations. The salesperson was very cordial and accommodating with the occasional double teaming from the other veteran salesmen around. So, they quoted us for the 120K points for a total of 21K 1 week/yr 1bedroom villa with the option for an exchange for a bonus week and MF's of around 1287/yr. I decided to put up 50% dp with the balance payable at 0% for 1 year because I did not want to pay the very high interest rates for 10 yrs. I initially thought that 20k is not that bad to invest on making memories with my family thinking that I would be able to book easily even on peak months like Dec-Jan with an option to stay on the nearby hotels like Ritz or One Village Place to take advantage of the free bonus week. I was not able to do research the days following my purchase because internet and 5G was pretty bad at Yosemite so I was only able to do some browsing last weekend then finally talked to a co-worker of mine who also has a Welk Escondido timeshare from 10 yrs ago for about 300K points I think. She was not very enthusiastic about my purchase and mentioned that she barely even uses the bonus week due to its restrictions and the difficulty of booking your desired vacation dates even though you're supposed to be an "owner". The other thing that also kept nagging me was the MF's for the life of my ownership which from what I've read on the net will continue to increase. So, last night on the 6th day of signing the contract I faxed them a cancellation letter which I will also send via registered mail today which is the 7th day and I'm hoping they will still honor it if not, then I will just try to make this purchase work which I think is still a good thing. I just wished I did due diligence like checking out this very helpful website before I jumped to this purchase. If indeed I am able to get out of it, I am really interested in exploring the resale market and exploring the details on going that route of purchasing a timeshare. Thank you and sorry for the long post.
