Panicking over Stormy Point purchase

hoofbeats95 · #1 (**permalink**) 12-15-2009, 09:25 AM

We bought into Stormy Point this weekend. Now we are panicking. Friends and family are freaking on us. We have a floating week - red season - odd year. Did we screw up? We are so confused. We have 5 days to back out. We purchased on Sat. Should we? Help! I'm leaning towards backing out. How easy is that? Sorry for the freak out. I need advice.

timeos2 · #2 (**permalink**) 12-15-2009, 09:41 AM

Quote:

Originally Posted by hoofbeats95

We bought into Stormy Point this weekend. Now we are panicking. Friends and family are freaking on us. We have a floating week - red season - odd year. Did we screw up? We are so confused. We have 5 days to back out. We purchased on Sat. Should we? Help! I'm leaning towards backing out. How easy is that? Sorry for the freak out. I need advice.

Nothing against the resort, I'm not familiar with the area or the specific resort, but if you are buying from the developer/on site sales team then you are paying way too much. Markup over market value (what you will pay for the same resort/use period on resale) is at lest 50% and could be as high as 95%. The difference in purchase cost resale vs reatil will pay for YEARS of the annual fes which is actually the true cost of ownership. The purchase price gets you nothing except the obligation to pay those annual fees and the right to use a floating week in red season every other year. For 50% of that - or maybe FAR less - you could get an every year use (if you want it) or for even less - again FAR less - on resale you can pick up a EOY week and keep the annual fees to 1/2 the every year amount.

So you are making one big mistake - buying retail. Correct that one error by buying a week resale - every year or every other year - and you'll still have all the other benefits and the resort they are trying to sell you but at a greatly reduced purchase price. The fees are the same either way, the only difference is your up front cost. When you go to sell someday you'll only get the much lower resale value so why pay a premium now? The resort is the same, the use the same, the fees the same - the extra money for purchase at reatil is buying yu absolutely nothing. Buy resale. Rescind this deal while you can. Follow the rescind instruction exactly NOW (your time is almost up) or you will own an overpriced week you could have got much much cheaper. Hope this helps.

ace2000 · #3 (**permalink**) 12-15-2009, 09:45 AM

Watch these eBay auctions for a clue... follow the rescind instructions exactly per the contract and get out of it!

stormy point, great deals on Timeshares for Sale on eBay!

These auctions will either not sell at all or go for next to nothing...

hoofbeats95 · #4 (**permalink**) 12-15-2009, 09:45 AM

I totally understand the retail cost issue. Put that aside - I'm still freaking! I don't know if I understand all the details. We got a VIP status. We have "unlimited family" vacations every year. Not sure what they are called elsewhere but the weeks that we can buy for cheap at any time. Can we really exchange easily? Do we really get our maintenance fee back if we don't want to go? I'm so confused! How easy is it to buy resale? All the resale ones I see are for Festiva and mine is through Summerwind.

Spence · #5 (**permalink**) 12-15-2009, 09:48 AM

Just BACK OUT NOW, read these forums for six months and you'll know that you did the right thing and you'll have an idea as to what you should then do.

ace2000 · #6 (**permalink**) 12-15-2009, 09:52 AM

There's no confusion at all... get out of it now! If you feel you can't do it right, then pay an attorney quickly...

If you want a timeshare that will be worth less than 1% of what you paid for it, hold on to it!

Edited to add: If you have any doubt at all, get out of it now, and then research the facts. That deal will still be on the table at any time in the future. I don't care what the sales rep told you.

hoofbeats95 · #7 (**permalink**) 12-15-2009, 09:57 AM

We are making the call today. It said we have to call to get a rescind (or some similar name) number. Then we have to send a letter in writing. Doesn't sound too complicated. Anything we should know ahead of time?

Now can someone find me a deal on Stormy Point from SUMMERWIND?

ace2000 · #8 (**permalink**) 12-15-2009, 10:15 AM

Quote:

Originally Posted by hoofbeats95

We are making the call today. It said we have to call to get a rescind (or some similar name) number.

Now can someone find me a deal on Stormy Point from SUMMERWIND?

This is a sales trick, be very careful and do not let them give you the runaround. They will do all they can to muddy up the waters when you call. Just to make sure you get out of it properly, I would strongly recommend an attorney.

Read this thread for info about Festiva vs. Summerwinds - they are talking about the same units...

http://www.timeshareforums.com/forum...int-fever.html (I think I've caught Branson (Stormy Point) fever)

hoofbeats95 · #9 (**permalink**) 12-15-2009, 10:16 AM

No answer at the cancel number

JLB · #10 (**permalink**) 12-15-2009, 10:20 AM

I am familiar with the area and the resort,

Cancel, and document doing that, and don't look back.

Branson is overbuilt with condos, timeshare and normal ones. Any moron who can google can rent a week cheap. This moron was just on an RCI rental site and there was plenty of Branson stuff for $329/week.

Maybe you can tell me this, though, is there a difference between Branson Nantucket at Stormy Point (headquartered in the large building at 265 and Stormy Point Point) and Summerwinds version of Stormy Point Village (Sales Center on Gretna in Branson Meadows)?

Like, are there two major developments being marketed down Stormy Point Road.

If you will google or case.net Stormy Point Village you will see they have had a Stormy past.