New Waterside Owner

ehedinman · April 24, 2012, 08:13 PM

Hi All

we just finished the process of buying, on Ebay through CJ Timeshares Labor Day week at Waterside ( annual three bed room). I will admit that I had some fear and trepidation as the process went on, but I read so many good things that folks had to say about Waterside - and I have been intrigued by timesharing for years, that I finally did it. My wife was quite the sceptic right until the deed was finally recorded...

the folks at CJ and Timeshare Closing were patient answered my questions and worked with me through the process.

As many of you have noted I was not thrilled with paying three years of Maintenance fees upfront, but I got such a great deal, and having the fee pre paid for the next couple of years made it worthwhile.

The great thing for my family is that we have several family members who live in the south east and this will be a great gathering spot for us to hang out - and I love to hit the bays for specs and reds.

I know that in the future I will have lots of questions about trading, and if someone could tell me the TPU value for my week with RCI and what types of resorts I can trade for I would appreciate it. I think we will probably stay there for the first couple years - but who knows?

As you can tell this is my first time share - but it seems they are like tatoos and multiply.

this is also my first TUG post, and am quite happy to join the club

Eric

presley · April 24, 2012, 09:10 PM

I've never heard of paying 3 years of MFs upfront when buying a TS. What was the purpose of that?

P.S. Welcome to TUG.

ronparise · April 24, 2012, 09:58 PM

Quote:

Originally Posted by presley

I've never heard of paying 3 years of MFs upfront when buying a TS. What was the purpose of that?

P.S. Welcome to TUG.

Seems to be the preferred method for a number pf resorts to try to deter the PCCs

matbec · April 24, 2012, 10:43 PM

Hi, Eric!

Welcome to TUG! We, too, own at Waterside and like using our weeks (yes we have 2 spring weeks, back-to-back, in the same unit). We love it there! Congratulations on your purchase!

Your 3BR week is valued at 26 trading power units (TPUs), according to the RCI deposit calculator, if you deposit it with RCI at 9 months out. If you deposit the week within that 9 month timeframe, then the TPUs are fewer. Right now, if you deposit your 2012 week, it would only get 23 TPUs, but if you deposit your 2013 week, you'd get 26 TPUs. Depending on where and when you'd like to go, and with enough planning time, this number of TPUs can get you an exchange.

Learning how to navigate RCI can take a while, so hope you stick around and read up on some of the valuable information that's available here.

Hope that helps.

Beefnot · April 24, 2012, 11:39 PM

Quote:

Originally Posted by presley

I've never heard of paying 3 years of MFs upfront when buying a TS. What was the purpose of that?

P.S. Welcome to TUG.

Even better when the 3 years are paid for you by the seller

gnipgnop · April 25, 2012, 08:48 AM

ehedinman ~ Please read my post under EXCHANGING
Just Got The Royal Screw From Rci Gnipgnop

Gophesjo · April 25, 2012, 08:57 AM

Wonder what is easier to get rid of - a tattoo or a timeshare?

elaine · April 25, 2012, 09:35 AM

welcome. Waterside is a nicely maintained property in a great location with reasonable annual fees. We traded 2X via RCI and liked it so much that we bought a 3BR (resale) about 7 years ago. You will love it. We also have family in Fla and GA and we use it for annual family gatherings, as well. Elaine

BarCol · April 30, 2012, 11:57 AM

welcome and congratulations on your waterside purchase - we too own there -0 sadly just EOY, but we love that resort - it's location is perfect for us, the unit and resort upkeep and amenities and fine. We always enjoy our vacation there...

dukebigtom · May 2, 2012, 07:24 AM

Congratulations! I'm also glad to see these affirming responses. We're headed to Waterside the end of this month in a three bedroom. It is our second trade into the resort. Loved it the first time. One of a few I'd consider buying if the price were right!

BigTom

BarCol · May 2, 2012, 04:51 PM

Big Tom - keep looking on Ebay - and as well one of Tuggers just contacted me with a week 12 in a 2 bedroom that he wnats to gift over..PM me if interested - I have no interest beyond informarion this type of thing

ehedinman · May 15, 2012, 10:29 AM

My wife would like to go to Hawaii next year - sometime in the spring, but probably after whale watching season.

Will 26 TPU get us to a nice resort, preferably on a beach? Or would a be better off using DAE or SFX

From the reading I have done the two smaller companies have some good things going for them, but I live in TX and could probably use some of RCIs other features

randster2 · May 16, 2012, 05:13 PM

I just bought a 3 bedroom Waterside unit floating time. What is the process to book a summer week? Is it difficult to get the week you want? How early should I book the unit? Also, I was not planning on paying 3 years of maintenance fees. I hope this is not necessary. Are there discounts on rental rates? Thanks.

elaine · May 16, 2012, 07:42 PM

Many book summer weeks the year prior. Shoulder weeks---early June, late Aug. might have more availability. We love Waterside. Welcome. Elaine

wrb1000 · May 30, 2012, 09:57 PM

I am also a recent purchaser at Waterside (last year) and own a 3 bdrm. We have previously exchanged into a 2brm and really liked the resort and the surroundings. My question is: are there 3 bdrm. units that are more preferable than others? And if so, can they be requested at check-in - assuming they are available with first come, first served?

My second question is that, as part of the flexible ownership, which of the three resorts is most desirable? They all seem to have their own pros and cons.
For the record, I had to prepay $1500 towards future MFs. Kinda like overpaying your taxes to Uncle Sam - it eventually comes back to you.

Thanks!

April 24, 2012, 08:13 PM	#1
ehedinman TUG Member BBS Reg. Date: Mar 13, 12 Location: Grand Prairie, TX Posts: 6 Resorts: Waterside by Spinnaker	New Waterside Owner Hi All we just finished the process of buying, on Ebay through CJ Timeshares Labor Day week at Waterside ( annual three bed room). I will admit that I had some fear and trepidation as the process went on, but I read so many good things that folks had to say about Waterside - and I have been intrigued by timesharing for years, that I finally did it. My wife was quite the sceptic right until the deed was finally recorded... the folks at CJ and Timeshare Closing were patient answered my questions and worked with me through the process. As many of you have noted I was not thrilled with paying three years of Maintenance fees upfront, but I got such a great deal, and having the fee pre paid for the next couple of years made it worthwhile. The great thing for my family is that we have several family members who live in the south east and this will be a great gathering spot for us to hang out - and I love to hit the bays for specs and reds. I know that in the future I will have lots of questions about trading, and if someone could tell me the TPU value for my week with RCI and what types of resorts I can trade for I would appreciate it. I think we will probably stay there for the first couple years - but who knows? As you can tell this is my first time share - but it seems they are like tatoos and multiply. this is also my first TUG post, and am quite happy to join the club Eric

April 25, 2012, 08:57 AM	#7
Gophesjo TUG Member BBS Reg. Date: Sep 6, 11 Location: North Carolina Posts: 539 Resorts: Orange Tree Golf; Peppertree by the Sea; Beach House Golf and Racquet Club; Palace View by Spinnaker	Wonder what is easier to get rid of - a tattoo or a timeshare? __________________ ________________________ Dieu est si bon pour moi - All the Time! Merci Siegneur...

April 30, 2012, 11:57 AM	#9
BarCol TUG Member BBS Reg. Date: Jun 6, 05 Location: Newmarket, ON Posts: 676 Resorts: 1 Aquamarine Villas, 1 Fxrun, an MP and now 2 EOY Waterside - and that's all (until the next time.... I promised)	welcome and congratulations on your waterside purchase - we too own there -0 sadly just EOY, but we love that resort - it's location is perfect for us, the unit and resort upkeep and amenities and fine. We always enjoy our vacation there... __________________ Regards, Barb formerly 1,005 posts or so....

May 2, 2012, 04:51 PM	#11
BarCol TUG Member BBS Reg. Date: Jun 6, 05 Location: Newmarket, ON Posts: 676 Resorts: 1 Aquamarine Villas, 1 Fxrun, an MP and now 2 EOY Waterside - and that's all (until the next time.... I promised)	Big Tom - keep looking on Ebay - and as well one of Tuggers just contacted me with a week 12 in a 2 bedroom that he wnats to gift over..PM me if interested - I have no interest beyond informarion this type of thing __________________ Regards, Barb formerly 1,005 posts or so....

May 30, 2012, 09:57 PM	#15
wrb1000 Guest BBS Reg. Date: Apr 8, 11 Posts: 14	Waterside questions I am also a recent purchaser at Waterside (last year) and own a 3 bdrm. We have previously exchanged into a 2brm and really liked the resort and the surroundings. My question is: are there 3 bdrm. units that are more preferable than others? And if so, can they be requested at check-in - assuming they are available with first come, first served? My second question is that, as part of the flexible ownership, which of the three resorts is most desirable? They all seem to have their own pros and cons. For the record, I had to prepay $1500 towards future MFs. Kinda like overpaying your taxes to Uncle Sam - it eventually comes back to you. Thanks!

April 24, 2012, 09:10 PM	#2
presley TUG Member BBS Reg. Date: Aug 20, 11 Posts: 1,284 Resorts: Grand Pacific Resorts and HGVC	I've never heard of paying 3 years of MFs upfront when buying a TS. What was the purpose of that? P.S. Welcome to TUG.

April 24, 2012, 10:43 PM	#4
matbec TUG Member BBS Reg. Date: Dec 4, 07 Location: GTA, ON, Canada Posts: 258 Resorts: Law Cranberry (Collingwood), OLCC (Orlando), Mountainside Villas (Massanutten), Waterside (HHI)	Hi, Eric! Welcome to TUG! We, too, own at Waterside and like using our weeks (yes we have 2 spring weeks, back-to-back, in the same unit). We love it there! Congratulations on your purchase! Your 3BR week is valued at 26 trading power units (TPUs), according to the RCI deposit calculator, if you deposit it with RCI at 9 months out. If you deposit the week within that 9 month timeframe, then the TPUs are fewer. Right now, if you deposit your 2012 week, it would only get 23 TPUs, but if you deposit your 2013 week, you'd get 26 TPUs. Depending on where and when you'd like to go, and with enough planning time, this number of TPUs can get you an exchange. Learning how to navigate RCI can take a while, so hope you stick around and read up on some of the valuable information that's available here. Hope that helps.

April 25, 2012, 08:48 AM	#6
gnipgnop TUG Member BBS Reg. Date: Aug 23, 05 Location: Pennsylvania Posts: 1,060 Resorts: Cliffs at Peace Canyon, LasVegas Sheraton Broadway Plantation, M.B Silverwoods, DuBois, Pa Waterside @ Spinnaker, HHI	ehedinman ~ Please read my post under EXCHANGING Just Got The Royal Screw From Rci Gnipgnop

April 25, 2012, 09:35 AM	#8
elaine TUG Member BBS Reg. Date: Jun 8, 05 Posts: 2,122	welcome. Waterside is a nicely maintained property in a great location with reasonable annual fees. We traded 2X via RCI and liked it so much that we bought a 3BR (resale) about 7 years ago. You will love it. We also have family in Fla and GA and we use it for annual family gatherings, as well. Elaine

May 2, 2012, 07:24 AM	#10
dukebigtom TUG Member BBS Reg. Date: Apr 12, 08 Location: Middletown, DE Posts: 181	Congratulations! I'm also glad to see these affirming responses. We're headed to Waterside the end of this month in a three bedroom. It is our second trade into the resort. Loved it the first time. One of a few I'd consider buying if the price were right! BigTom

May 15, 2012, 10:29 AM	#12
ehedinman TUG Member BBS Reg. Date: Mar 13, 12 Location: Grand Prairie, TX Posts: 6 Resorts: Waterside by Spinnaker	My wife would like to go to Hawaii next year - sometime in the spring, but probably after whale watching season. Will 26 TPU get us to a nice resort, preferably on a beach? Or would a be better off using DAE or SFX From the reading I have done the two smaller companies have some good things going for them, but I live in TX and could probably use some of RCIs other features

May 16, 2012, 05:13 PM	#13
randster2 TUG Member BBS Reg. Date: Feb 5, 06 Location: Columbus, Oh Posts: 97	I just bought a 3 bedroom Waterside unit floating time. What is the process to book a summer week? Is it difficult to get the week you want? How early should I book the unit? Also, I was not planning on paying 3 years of maintenance fees. I hope this is not necessary. Are there discounts on rental rates? Thanks.

May 16, 2012, 07:42 PM	#14
elaine TUG Member BBS Reg. Date: Jun 8, 05 Posts: 2,122	Many book summer weeks the year prior. Shoulder weeks---early June, late Aug. might have more availability. We love Waterside. Welcome. Elaine

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