Just signed up at Hyatt in Maui and scared

[redgirlraven]

Hi,
I just signed up at Hyatt Residences in Maui and now am afraid I made the wring choice. If I do resale instead, what do I lose out on?

 

[Grammarhero]

Rescind. You scan buy resale for about 30 percent of what you paid. What day did you purchase? I think Hawaii had a 7-day rescission period. How much was your TS and for how many points? A good graph is at

https://tug2.net/timeshare_advice/timeshare-system-comparison-chart.html

 

[gratiem]

The Hyatt Ka'anapli Beach Residence is a great resort. However, I would personally rescind if you have questions regarding the purchase, and resale vs. developer pricing.

If you rescind, you lose any of the incentives - example World of Hyatt Points. Also your HRC unit cannot be traded for Hyatt Hotels, though general opinion is that this is a bad deal anyways (maintenance fees vs hotel costs).

Those are top of mind for me, but others at the Hyatt subforum will know more:
https://tugbbs.com/forums/index.php?forums/hyatt-residence-club.48/

For resale asking prices, you can check out:
https://www.redweek.com/resort/P6386-hyatt-kaanapali-beach-a-hyatt-residence/timeshare-resales
http://www.myresortnetwork.com/Timeshares-for-sale/Lahaina-Maui/Hawaii/Hyatt-Kaanapali-Beach/

If you have flexibility in your travel schedule, then you should have good success in the resale market. If you want a particular week or floor or floorplan, then you will have to wait till an opportunity presents itself.

 

[travelhacker]

Definitely rescind.There should be instructions in your paperwork. Make sure to send certified mail with a receipt.

I personally love the Hyatt system, but would never buy retail especially if you aren't entirely sure of how everything works. You only have a short period of time in which you can rescind, and with the amount of money that's at stake, I would think you would want to be 100% certain that you are making the right choice.

Best of luck!