Timeshare advise - total newbie

[snemmara]

Hi. I attended a timeshare presentation at HGVC Kingsland last week. We were impressed and given that I hadn't done any homework on timeshares, went ahead and purchased a Gold Season/2BR/5800 clubpoints/Odd year for $17K.
They also gave me as additional 20,000 point sign-on bonus.

I now have second thoughts about this and I have a 10-day period where I can cancel this purchase and strongly considering it.

Is what I signed for considered very expensive in the resale market? I would probably take my time to research and buy resale if so.

Thanks.

 

[TUGBrian]

The fact you are even having the slightest doubt is HUGE reason you should rescind immediately and at least do your research. You only have a short time to cancel before it is yours forever.

http://tug2.net/timeshare_advice/did_i_get_a_good_deal_on_my_new_timeshare.htm

EOY for 17k, I can assure you that you can find a MUCH better deal on the resale market.

Welcome to TUG, you just saved 17k

 

[alexadeparis]

Rescind now, do your research here first. You can always buy resale later, after you are sure what will fit your needs.

 

[presley]

a Gold Season/2BR/5800 clubpoints/Odd year for $17K.

Just did a quick search on a reseller's site and found this type listed from $3,000 - $9,000. I'd imagine these would go for a lot less on Ebay.

 

[SmithOp]

By all means rescind!

That must be a phase 2 unit with only 5800 points. I purchased the same thing in phase 1 odd year for $17k and I get 8700 points.

 

[Seth Nock]

That should be a phase 2, 2 bedroom + in the Gold season, I believe.