Santafe82
newbie
Hi there,
My husband and I are currently staying at the Westin princeville. We went to a sales pitch today and ended up buying a 2 bedroom at every other year. We paid $36,900 plus $745 in admin fees. The maintenance fee is $1348. Our first year of occupancy is 2015. We get 148,000 in star options and 86,400 in starpoints. We received a bonus of 130,000 starpoints for signing up today. We also received 4 promos of 100,000 points at $1900. total of 400,000 points at $7600. We have until Dec 2015 to buy them, if we want. The type of unit use is "float" and the vacation period type is "event (Xmas)". The exchange is II.
Initially they talked to us about the annual option and that was going for $65,500 with a $2650 maintenance fee. They stated that these timeshares were selling for $47,500 when they started selling them 5 years ago.
I am expecting our first child in March 2014 so we thought this is a nice way to vacation in a larger space. We also like the idea that our families can use this if we cannot get away.
We have until November 10th to rescind the contract.
After reading reviews on this site and other sites, we are second guessing our decision.
Please help us! Questions for you:
1) did we get a fair price?
2) how much does maintenance fees increase? We are worried they will increase exponentially in 20 years
3) was it smart to buy for every other year?
4) is it that easy to get a different property during peak times? It seems like we would need to book a year in advance to have a shot. Is this a fair assessment?
5) if we are to rescind, is all we need to do is follow the instructions on the Cancellation sheet?
6) We are not planning on vacationing in Kauai often- most likely once every 5-7 years. We would the star points and/or star options to stay at other villas/hotels around the world. Due to this, is this a good use of our money or should we not do a timeshare?
We greatly appreciate any insight and advice you have. This website has been very helpful already. We are not used to the acronyms people use so a lot of info goes over our heads! Thanks again.
My husband and I are currently staying at the Westin princeville. We went to a sales pitch today and ended up buying a 2 bedroom at every other year. We paid $36,900 plus $745 in admin fees. The maintenance fee is $1348. Our first year of occupancy is 2015. We get 148,000 in star options and 86,400 in starpoints. We received a bonus of 130,000 starpoints for signing up today. We also received 4 promos of 100,000 points at $1900. total of 400,000 points at $7600. We have until Dec 2015 to buy them, if we want. The type of unit use is "float" and the vacation period type is "event (Xmas)". The exchange is II.
Initially they talked to us about the annual option and that was going for $65,500 with a $2650 maintenance fee. They stated that these timeshares were selling for $47,500 when they started selling them 5 years ago.
I am expecting our first child in March 2014 so we thought this is a nice way to vacation in a larger space. We also like the idea that our families can use this if we cannot get away.
We have until November 10th to rescind the contract.
After reading reviews on this site and other sites, we are second guessing our decision.
Please help us! Questions for you:
1) did we get a fair price?
2) how much does maintenance fees increase? We are worried they will increase exponentially in 20 years
3) was it smart to buy for every other year?
4) is it that easy to get a different property during peak times? It seems like we would need to book a year in advance to have a shot. Is this a fair assessment?
5) if we are to rescind, is all we need to do is follow the instructions on the Cancellation sheet?
6) We are not planning on vacationing in Kauai often- most likely once every 5-7 years. We would the star points and/or star options to stay at other villas/hotels around the world. Due to this, is this a good use of our money or should we not do a timeshare?
We greatly appreciate any insight and advice you have. This website has been very helpful already. We are not used to the acronyms people use so a lot of info goes over our heads! Thanks again.