TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 24 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  4. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  5. Note that the "About the rest of TUG" and "About TUGBBS" forums have been moved further down the list under the lounge area. just in case anyone was wondering where they disappeared to!
    Dismiss Notice
  6. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice
  7. TUG started 24 years ago this month in 1993 as a group of owners on prodigy! Check out our happy birthday post here: Happy Birthday TUG!
    Dismiss Notice
  8. The TUG forums have been upgraded this evening to now utilize https as a more secure way to connect and browse the site (Especially for those logged in). please let us know if you experience any issues or errors while on the site so we can correct them! it is our hope that this is a completely seamless change/upgrade! Forum upgrade thread
    Dismiss Notice

Silverleaf Resort - crazy idea

Discussion in 'Buying, Selling, Renting' started by jscheibe, Sep 12, 2017.

  1. jscheibe

    jscheibe Guest

    Joined:
    Sep 11, 2017
    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    1
    I own red week 52 at silverleaf villages beach club presidential. I started out as biennial and have upgraded a few times along the way in my around 9 yrs of ownership. This has all been done through the developer. I really thought I was investing my future to be able to travel especially when I may not be able to save money. Monthly payments seemed useful. I have used my week and I have done some rci exchanges, but for the must part i have a hard time using my week every year. I still spend money on hotels and vacations every year for places that my time share can't get me that a wedding or CE might be at. I also now found out that I could have bought this resale/ after market for a whole lot less then the $25k I spent.
    My questions are:
    Can a time share still be useful for me if I convert to hicv which they offered me to do for $13000 or if I buy after market?
    If I upgrade they have you sign new contracts so does that give me rescind time again where I can get out of the mess I am in and get my $25k back? Or does it just revert me back to my old contact or is there potentially no rescind time with upgrades?
     
  2. theo

    theo TUG Review Crew: Veteran TUG Member

    Joined:
    Mar 21, 2007
    Messages:
    7,879
    Likes Received:
    654
    Trophy Points:
    113
    Location:
    New England Coast
    1. Rescission of a "new" timeshare purchase has no bearing or impact whatsoever on any previously existing ownership. If you purchase a new timeshare and then rescind, you merely rescind the new purchase; everything else remains "status quo", just as if you had never made the new purchase at all.
    I'm sure that you would like a very different answer, but "them's the facts".

    2. I don't claim to know anything at all about Silverleaf or HICV, but frankly don't read of many people energetically waving the flag of either one. :shrug:
    Nonetheless, I believe that paying (still more) money to any developer to "enhance" the value of an existing timeshare is unlikely to be a decision you'll be happy with later or from which you'll derive tangible, meaningful improvement in your overall timeshare picture. I'd frankly leave that $13k right in your bank account and either make the best of what you already own or just get rid of it and re-enter the game through the resale market. Just my opinion. YMMV.
     
    Last edited: Sep 12, 2017
    CalGalTraveler likes this.
  3. Panina

    Panina TUG Review Crew: Veteran TUG Member

    Joined:
    Jul 13, 2015
    Messages:
    693
    Likes Received:
    346
    Trophy Points:
    63
    Location:
    South Carolina
    Resorts Owned:
    Hgvc McAplin & Eagles Nest, Sunrise Bay, Hideaway Sands, Voyager, Gulf Tides, Jade Tree Cove, Cold Springs, Banyan
    I wouldn't put more money into this to convert. $13,000 will give you many great options on the resale market. Either learn to use what you own the best way you can or give it away and get what will work for you.
     

Share This Page