My fiance and I just bought a TS directly through HGVC and will be sending in our revocation form to cancel the contract. Thankfully I found this site before our 5 day period ended.
We paid $15,490 + $874 maintenance fees for a 2br in Orlando (silver) w/ 3,400 yearly points. Looking at resales, I can find a TS for only $4k with the same points and lower MF's.
We were pretty clueless going into the tour, but think I did ask the right questions. One was about being able to resell, which we were told we could only sell it back directly to HGVC...which they would give us the price we originally paid. I now find out here that they will redirect you to a reseller, which you'll end up only getting resale price...nowhere near the full original price. Being able to sell it back to HGVC at original price was a pretty big selling point for me, but it ended up being a big lie.
Now we are wondering if it's even worth it to purchase a TS at all...even at resale prices. It is just the 2 of us, and when we go on vacation we are usually only in our room to sleep. Is it worth the investment...or would it just be cheaper to just keep booking hotels through places like Travelocity or Expedia? We both own our own businesses, so vacations for us are more spontaneous rather than being planned out months in advance. We both like to go out and explore, not sit around at a hotel...although the Hilton resorts look like great places to stay. The biggest deciding factors for us were the points to travel when/where we want, and only having to pay the MF's once the deed is paid off. However, it seems like the MF's go up at a very large % each year...but maybe I'm wrong. Also, our vacations tend to end up as 3-4 days, so I'm starting to think the multiple reservation fees would also start to eat into any cost savings.
Would it make more sense for the 2 of us to just keep booking hotels, or to purchase a resale TS at a lower cost?
We paid $15,490 + $874 maintenance fees for a 2br in Orlando (silver) w/ 3,400 yearly points. Looking at resales, I can find a TS for only $4k with the same points and lower MF's.
We were pretty clueless going into the tour, but think I did ask the right questions. One was about being able to resell, which we were told we could only sell it back directly to HGVC...which they would give us the price we originally paid. I now find out here that they will redirect you to a reseller, which you'll end up only getting resale price...nowhere near the full original price. Being able to sell it back to HGVC at original price was a pretty big selling point for me, but it ended up being a big lie.
Now we are wondering if it's even worth it to purchase a TS at all...even at resale prices. It is just the 2 of us, and when we go on vacation we are usually only in our room to sleep. Is it worth the investment...or would it just be cheaper to just keep booking hotels through places like Travelocity or Expedia? We both own our own businesses, so vacations for us are more spontaneous rather than being planned out months in advance. We both like to go out and explore, not sit around at a hotel...although the Hilton resorts look like great places to stay. The biggest deciding factors for us were the points to travel when/where we want, and only having to pay the MF's once the deed is paid off. However, it seems like the MF's go up at a very large % each year...but maybe I'm wrong. Also, our vacations tend to end up as 3-4 days, so I'm starting to think the multiple reservation fees would also start to eat into any cost savings.
Would it make more sense for the 2 of us to just keep booking hotels, or to purchase a resale TS at a lower cost?