Hi Scott,
I've been following the discussions about resale value of points at HICV. Two years ago I bought 166K points on a biannual basis for $17500. We have a fixed one week at one of the villas at the Orange Lake Resorts. We still owe $9500 with an interest rate of 14.25% and we pay about $875 in property taxes and MF every other year.
After an intensive sales pitch 2 days ago and before I upgraded to 166K points every year I realized I needed more information about TS resale market. HICV offer me 166K points per year which it doubles the original TS we have at an additional $13k.
Since the following of this discussion I would like to rescind my current TS contract and get one on the resale market. After reaching out to a time share resales company they indicated to me that HICV does not allow owners to resales their TS directly, that anyone trying to resale their time share was obligated to go through HICV.
Can you please advise as to what my options are?
I appreciate your help in advanced.
It sounds like you are asking if you should cancel your first purchase that you made a couple years ago. If that is what you are suggesting, you are not able to do that. You have entered into a contract with HICV. Rescinding or canceling the contract has to happen within 10 days of signing. Unfortunately you are stuck with the first purchase you made.
ReplyDeleteScott Kotria do you or anyone have a 2br HICV signature unit for resale in either gold or diamond season . You said you don't get Elite status unless purchase is direct, but what about the Preferred status and the benefits that come it and the benefits of the Signature purchase
ReplyDeleteSheryl Cash I don't own any Signature units. Resale Signature purchase would get the benefits of Signature, but not the status benefits of point value at any level - with a lot of Signature points through resale, you would still be treated like you had <300K points (no Preferred status).
ReplyDelete-Scott