Just got back from vacation. My wife & I recently sat through a presentation at the Sheraton Vistana in Orlando. As with most people, we were not planning on buying into a vacation ownership while on vacation. Given our lack of research/knowledge, it sounded like a good deal at the time (even though I hate to make spur of the moment decisions) plus we have the 10 day recession period. From all that I have gathering looking around this site, it makes zero sense to purchase from the developer and we should cancel and purchase a resale. I just want to make we understand what we are giving up and can get on the resale market.
Purchased Biennial unit w 76,000 StarOptions, Gold+ Season
$408 MF, $134 SVN fee, $58 taxes = $600 annual cost
30,000 SPG points
Unlimited getaway weeks
If we cancel & purchase a resale, do we only get the unit and corresponding StarOptions if we purchase a unit from a "Mandatory" location ? I assume we lose all of the other benefits including the SVN membership.
Thanks in advance and any other helpful info would be welcomed. We have a couple days left in our recession period.
Also, what is meant by "Lock Out" ?
Purchased Biennial unit w 76,000 StarOptions, Gold+ Season
$408 MF, $134 SVN fee, $58 taxes = $600 annual cost
30,000 SPG points
Unlimited getaway weeks
If we cancel & purchase a resale, do we only get the unit and corresponding StarOptions if we purchase a unit from a "Mandatory" location ? I assume we lose all of the other benefits including the SVN membership.
Thanks in advance and any other helpful info would be welcomed. We have a couple days left in our recession period.
Also, what is meant by "Lock Out" ?