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Welk Resort - Purchased 300,000 points for 18 months - $2,295 - Good or Bad Deal?

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  • Welk Resort - Purchased 300,000 points for 18 months - $2,295 - Good or Bad Deal?

    Hello All,

    (Not sure if this is the appropriate section of the forum to post this question, if not my apologies)

    Let me start off by saying I am new to the Timeshare world. I'd like to get some advice and find out if I made a good purchase or if I should cancel, I have a 7 day window.

    I went in to the Welk Resort in Escondido, CA because they were giving away tickets to Hawaii for stopping by and doing a 90 minute tour. I knew they were going to try and sell me on stuff but I also knew purchasing a time share for $10k-$20k is not in my current budget... I just wanted the 2 free tickets to Hawaii. As the meeting went on and they kept coming up with alternative options to accommodate my rejections and eventually the package and the price started to look do-able.

    For $2,295 (no other fees) I ended up getting this:
    - 300,000 points for 18 months - must use all points within the 18 months. They can transfer if I become and owner or they simply disappear.
    - 2 Dream Weeks - I believe this is for $280 I can get resort accommodations for a week.
    - Dinner & Theater Package - buy a dinner / theater, next one is free
    - $150 Visa Gift Card
    - Bonus Days - I can stay at a suite for $175 a night anytime - or let a friend use it.

    Freebies for showing up:
    - 2 tickets and 2 night stay in Honolulu (I will extend it to a week stay and pay out of pocket)
    - x2 - Wine tasting tickets - 6 tasting each for 2 people and a bottle of wine

    From what I see, the Welk Resort in San Diego is 12,000 point a night Sunday - Thursday and the Lake Tahoe Welk is 9,000 a night Sunday - Thursday.

    So I could milk the 300,000 point and get 25 nights if I use the San Diego location and 33 nights if I use the Lake Tahoe location only.

    This makes San Diego resort $91 a night and Lake Tahoe $70 a night.

    Like I said, I went into this not planning on purchasing anything, just wanted to score some free tickets to Honolulu (and I did). After running the numbers and the cost of staying there per night it seems like a good price. But I would like to know what the more experienced users think of this package.

    Please let me know your thoughts, is it a good package, or bad and I should cancel right away? BTW I won't lose my Hawaii tickets or the 2 wine tastings if I cancel.

  • #2
    In general, it is never a good deal to buy from the developer. I don't know specifics for this resort, but to get an idea, I would go to ebay and check for auctions for that property. Also check on Redweek and TUG. I suspect that you will find that you could get a similar unit for free. Timesharing can be a great thing, but generally you want to do a fair bit of research before jumping in. You definitely want to get on this ASAP so that you can rescind within the proper timeframe. Also make sure you follow the explicit recission procedures.
    Good luck! Please check back with us and let us know what you decide!

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    • #3
      Originally posted by happymum View Post
      In general, it is never a good deal to buy from the developer. I don't know specifics for this resort, but to get an idea, I would go to ebay and check for auctions for that property. Also check on Redweek and TUG. I suspect that you will find that you could get a similar unit for free. Timesharing can be a great thing, but generally you want to do a fair bit of research before jumping in. You definitely want to get on this ASAP so that you can rescind within the proper timeframe. Also make sure you follow the explicit recission procedures.
      Good luck! Please check back with us and let us know what you decide!
      Wow for free? How does that work?

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      • #4
        Originally posted by Joe321 View Post
        Wow for free? How does that work?
        It works because people are unhappy with what they bought and want to get out.
        Or someone has owned a property for 10-12, 15-20 years and no longer want to own it and use it.
        Pat
        *** My Website ***

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        • #5
          Hi Joe and welcome to the forum.
          Do you live in California?
          If you do then maybe it's not a bad deal at $70 and $90 a night if you can use it before it expires.
          If you can't then I'd cancel and do a little more research first.
          You could always re-purchase this deal if you decided you really wanted it later.

          Welk resorts doesn't have many locations so you are very limited with owning with them.
          https://welkresorts.com
          They don't have a resort in Hawaii so not sure why they are offering a Honolulu package.
          I'd read the fine print on that one and make sure it's really free and doesn't require a booking fee$$.

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