Please advise us

[KansasMan Junior Member Find all posts View Profile Close KansasMan]

Yesterday we purchased a Blue Green timeshare at Falls Village in Branson, MO. We bought a 6,000 points every other year plan for 8200, with the following perks: unlimited bonus time, 4,000 extra points in year 2, 2 free weeks with RCI for 3 years, and a free 3 day cruise.

After looking online, I see that they can be bought for much lower prices. I am thinking that we will want to cancel our timeshare and potentially repurchase from a broker. I believe under Missouri law, we have 5 days to cancel. As a young family, we like the timeshare program with BlueGreen, but think that we overpaid. Did we overpay?

Do any of you have any advise as to how we could proceed? What would the total costs be for a similar package through a broker? Has anyone canceled before? What will we need to do for the cancellation?

Thank you for your help.

[Glitter Brunello Super Moderator Find all posts View Profile Close Glitter Brunello]

Rescind now. Follow the instructions to the letter regarding how to cancel, they are set forth in your contract. Ask all your other questions later. You overpaid. Check out the thread immediately prior to yours:

http://www.timeshareforums.com/forum...good-deal.html


eta: btw, the free RCI weeks and cruise are practically worthless, very hard to book, not things most would consider desirable... a BG owner will have to confirm, but I am guessing Bonus Time to all owners, it's booked on short notice.

Stick around, you'll find something that works for you, at the right price.

to TS4Ms!

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Hello Kansasman,

Welcome to our Bluegreen Vacation Club forum. We have a ton of owners who can help answer any of the questions you may have about how the Club works.

For you particular question, here is a link that many find helpful. Check it out:

about biuying points.

In the mean time, browse the forum and ask away. We are delighted to help you out.

Jim

[KansasMan Junior Member Find all posts View Profile Close KansasMan]

Thanks for the responses. I just finished printing out my rescission letter and will mailing it in tomorrow. I plan on buying resale.

[swirg53 Senior Member Find all posts View Profile Close swirg53]

Thanks for the responses. I just finished printing out my rescission letter and will mailing it in tomorrow. I plan on buying resale.

Send it certified mail with a return receipt. I would also probably go for the extra price and send it overnight just to make sure it gets there in time. Also send back in your book (the one with all of the points charts), unless you want to keep it for $75.....they will retain $75 unless you send that back too. I would send that back separately however and again ask for return receipt but would not send it certified mail. But I would add a note in the rescission letter that you are sending the book back but under separate cover.

Susan

[KansasMan Junior Member Find all posts View Profile Close KansasMan]

We are mailing it today and will separately mail in the Binder. Do we need to mail back the RCI catalog and the BlueGreen extras binder or just the points one?

[libraria Senior Member Find all posts View Profile Close libraria]

Send back all of that.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

If you plan on making a resale purchase and you find the planning binders and support material helpful, I would just keep it. There is a $75 fee to get it if you purchase resale.

[Hobbitess Senior Member Find all posts View Profile Close Hobbitess]

If you plan on making a resale purchase and you find the planning binders and support material helpful, I would just keep it. There is a $75 fee to get it if you purchase resale.

But don't they charge you the same fee if you don't send it back?

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

But don't they charge you the same fee if you don't send it back?

Sometimes they do. Sometimes they don't. But, if you plan to keep it, you have to go to the post office which is one less step even if the cost is the same.

[KansasMan Junior Member Find all posts View Profile Close KansasMan]

Is all of the information in the binders readily available online if we rebuy?

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Is all of the information in the binders readily available online if we rebuy?

Yes, the owner website is fantastic.

[motomem Senior Member Find all posts View Profile Close motomem]

In Dec of 2006 I paid about $7500 for 5000 annual points. It was was ok price, I guess. I didn't really know much about timeshares and BG then.

Now that I know more, I'm glad I made the purchase that way. I guess I consider that my purchase of "developers" points to support BG.

If EVERYONE buys resale, how much more development would BG be able to do?

[Hobbitess Senior Member Find all posts View Profile Close Hobbitess]

If EVERYONE buys resale, how much more development would BG be able to do?

Exactly. Although I assume the difference in price between authorized and unauthorized resale means that authorized resale's kicking something back into development. I suspect that much of what you pay to the developer goes to the sales department. I had a much better experience with the sales department than a lot of people, but there are so many people struggling with their sales experience for various reasons that I have pretty mixed emotions about it anyhow.

[chriskre Super Moderator Find all posts View Profile Close chriskre]

If EVERYONE buys resale, how much more development would BG be able to do?

Trust me they'll continue to make resorts, after all the profits are tremendous. It's the highest and best use of many a resort that otherwise in many places would be demolished and reached the end of it's usefulness.

The beauty of this is that a developer and realtors for the developer can sell a week for $15,000 per week and make $780,000 off of a unit that if sold as just a regular condo would only bring half that. Plus they have someone paying a huge amount for maintenance and the taxes so they already made their profits on the original purchaser and have someone paying their expenses ongoing.

The even more beautiful part is that the real estate broker that sells you a unit on the secondary market can make a living reselling you the same unit that the developer already profited from the first time and no one is really harmed on the resale except maybe the original purchaser who honestly has already gotten their moneys worth of vacations by the time a resale is usually available.

Therefore I don't feel the least bit guilty buying a resale. It keeps our economy going and going and going. I consider the resales the garage sales of timeshares. Somebody is done with it and is hopeful a new owner will take it off their hands so they don't have to take care of it any longer or donate it to charity.

Since I love a bargain as most do I'm happy to oblige.