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Spinnaker

Tammy creasy

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Does anyone have a spinnaker timeshare and dealt with there changed for 2019. I am being told you loose your equity if you dont upgrade to new systen.

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tschwa2

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They just want you to switch and are trying to create urgency. Whatever equity they are talking about will likely still be available if you decide to switch or upgrade later. Timeshares really don't have equity so unless you have something in writing there is no guarantees that the offer today will be offered next time.
 
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Is Spinnaker going to more of a points system from fixed weeks? I did a presentation and believe they were selling fixed units, even a specific unit number at Bluewater in HHI.
 

Tammy creasy

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Is Spinnaker going to more of a points system from fixed weeks? I did a presentation and believe they were selling fixed units, even a specific unit number at Bluewater in HHI.
It is not a point system.

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tschwa2

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Is it going to their flexible ownership model that exchanges through II vs their older model of fixed weeks through RCI?
 

Tammy creasy

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Is it going to their flexible ownership model that exchanges through II vs their older model of fixed weeks through RCI?
Its flexible weeks and II . The current one i haveis thru II too. It was my parents.

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tschwa2

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And how much was were they giving as equity and how much did they want you to spend and on what?


I usually avoid sales meeting but my husband convinced me to take one at Bluewater in June for the $150 check. I don't currently own with Spinnaker. It was a Wednesday afternoon- and rainy. Our salesman told us it was his Friday and we were his last meeting for the day. I actually like Bluewater a lot and have stayed in 3 BR units (2 at Easter and one in mid June through Interval) in the last 6 years. If it were closer to home 7 or less hours vs the 8-10 hours it is, I would be more inclined.

I told the salesperson that if I were going to buy it would be an EOY 3 BR unit and I didn't need to see anything because I had stayed in it multiple times. The offer was better than I expected. The final offer was just under $9000 everything included. Still passed. I know I can get a resale for under $3000 and the developer offer is for bonus time and every other year is as often as we would make it to any spinnaker property and bonus time is unlikely to be available in the summer
 
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Tammy creasy

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And how much was were they giving as equity and how much did they want you to spend and on what?


I usually avoid sales meeting but my husband convinced me to take one at Bluewater in June for the $150 check. I don't currently own with Spinnaker. It was a Wednesday afternoon- and rainy. Our salesman told us it was his Friday and we were his last meeting for the day. I actually like Bluewater a lot and have stayed in 3 BR units (2 at Easter and one in mid June through Interval) in the last 6 years. If it were closer to home 7 or less hours vs the 8-10 hours it is, I would be more inclined.

I told the salesperson that if I were going to buy it would be an EOY 3 BR unit and I didn't need to see anything because I had stayed in it multiple times. The offer was better than I expected. The final offer was just under $9000 everything included. Still passed. I know I can get a resale for under $3000 and the developer offer is for bonus time and every other year is as often as we would make it to any spinnaker property and bonus time is unlikely to be available in the summer
They wanted an additional 20k with current equity. Offering 3 2br and 1 1 br in exchange. Currently have 2 2br.

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tschwa2

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A few in SC, VA and FL, a single resort in NC, MD, PA, NY, UT, ME, WI, and TN plus Jamaica and the Bahamas
They wanted an additional 20k with current equity. Offering 3 2br and 1 1 br in exchange. Currently have 2 2br.

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They aren't really giving you equity if they want $20,000. If you came in without anything the offer would be the same. And likely the 3 units are with bonus weeks that really aren't real weeks at all. If you wanted to buy in today, you could likely negotiate something better.
 
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