Panicking over Stormy Point purchase

[hoofbeats95 Junior Member Find all posts View Profile Close hoofbeats95]

I hear really negative things about point systems. Are they worth it?

[hoofbeats95 Junior Member Find all posts View Profile Close hoofbeats95]

I can see why you like them, however, caveat emptor: Festiva Resorts Complaints - Awful experience


Stormy Point Village Timeshare Resales - Buy Stormy Point Village Timeshares For Sale

Buy Stormy Point Village Branson, Missouri United States Timeshare Resales - Week 38

Honestly it seems the problems are with Festiva. Not Summerwind. And most of the resales are Festiva - which I have no interest in.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

I hear really negative things about point systems. Are they worth it?

Depends on what you plan to do. It gives you cost benefit if you plan few short trip, or very flexible, or your life changes (like have new baby, have kids goes to school, some family member dies)

It, however, depends on the developer heavily. And does not guarantee you anything.

Jya-Ning

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Honestly it seems the problems are with Festiva. Not Summerwind. And most of the resales are Festiva - which I have no interest in.

Which Timeshare Presentations are worth it? - Page 4 - 1Branson.com

Post 58

[hoofbeats95 Junior Member Find all posts View Profile Close hoofbeats95]

Which Timeshare Presentations are worth it? - Page 4 - 1Branson.com

Post 58

I'm confused. Doesn't that confirm what I said?

[ace2000 Senior Member Find all posts View Profile Close ace2000]

I hear really negative things about point systems. Are they worth it?

They're usually worth it, if you value flexibility over a specifc fixed week at a specific resort every year...

[ace2000 Senior Member Find all posts View Profile Close ace2000]

Honestly it seems the problems are with Festiva. Not Summerwind. And most of the resales are Festiva - which I have no interest in.

Here's the thing about these complaint boards and timeshares. Because the sales process is so sleazy and deceptive, you can search just about any timeshare system and get the same type of complaints... just do a search on Wyndham, Worldmark, Marriott, etc., etc. and you'll see what I mean.

[T/S Guy Junior Member Find all posts View Profile Close T/S Guy]

You don't need to call

The Stormy Point / Summerwinds paper work (you should have a copy of all of the papers you signed) has a legal size piece of paper with large, bold print on it. Part of the language on that piece of paper includes the cancellation policy as dictated by the state of Missouri. According to the law you do not have to make a phone call first to obtain a cancel number. All you have to do is send a letter. Just state your contract number and that you want to cancel, and that you demand a full refund immediately. Send the letter by certified mail so that you get a signature back. The effective date of cancellation is the postmark. Also, send back the owner's bag given to you by separate mailing (also certified) and enclose a copy of the cancellation letter. DO IT NOW.

Regarding Stormy point Nantucket and Stormy Point Summerwinds. They are different companies.

Good luck

[hoofbeats95 Junior Member Find all posts View Profile Close hoofbeats95]

We did make the call and sent the letter.

I will get the owner packet out in the mail.

[ace2000 Senior Member Find all posts View Profile Close ace2000]

We did make the call and sent the letter.

I will get the owner packet out in the mail.

Congratulations! I'm very impressed with your questions and the fact that you peformed the research quickly and saved the money you put out. Keep in mind, many on this board paid the full cost, and did NOT bail out in time.

As previously mentioned... Since you are going to be married soon, be patient, and rent a few weeks out first and see if you like any of the different systems out there. Because of the high maintenance fees on timeshares today, you'll always be able to purchase a resale contract in the future. And at least for the short term, you can probably rent cheaper than the maint fees anyway.

I can tell by your replies, you'll be an excellent candidate for a timeshare purchase one day, and it appears you'll reap great benefit from it. A timeshare and vacation purchase is a highly emotional decision, so take ALL the emotion out of it and make the most feasible choice for you.

[hoofbeats95 Junior Member Find all posts View Profile Close hoofbeats95]

Thanks Ace! I'm very good at researching usually and in general I don't make quick decisions. Neither of us do but I guess we fell for the sales pitch. I will say that the next day we did the tour at Westgate (I think that's the name) and was NOT impressed. We felt we got a much better deal at Summerwinds. *shrug* It's all relative I guess. I really think timeshares are for us. We just gotta figure out which one!

I just hope we don't have any complications with the cancelation. I have not researched the complications people have had. I honestly don't want to cause I will stress about it! Pathetic eh?

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

A question was raised awhile back as to why people sign the agreement when they are most likely going to cancel. For that there is probably a Top 10 list, but here are my thoughts.

***Because it sounds so good.

***It is the easiest, most non-confrontational way to leave.

***Cuz the salesman says you have to in order to get his great one-time offer. You sign in case it really is, then find out it isn't.

***To most TS sales people, NO does not mean NO.

***Thinking back 20 years, to our first one, you think they would not be saying these things if they were not true. Surely they could not stay in business if they lie every pitch every day.

***The peeps are naive.

***The peeps have never used the Internet.

***You keep seeing buses heading back to the sales center & you don't wanna miss the last one.

***You are late to Shoji.

[hoofbeats95 Junior Member Find all posts View Profile Close hoofbeats95]

I'll tell you why we did it. Or at least what swayed me: the math.

The math of a 50 year old person that had 25 travel years left. 1 week in a hotel X 25. Factoring in inflation.

I'm 31. My fiance will be 38. We are younger than 50. The math seemed to be in our favor.

Then we had the every other year option and unlimited "family" vacations. We loved the every other year option. Then the cruise exchange. We'd love to cruise for our honeymoon.

So those were our reasons.

Oh and we were promised a title on top of a deed, which would allow us to have some tax benefits. Apparently. ???

[ace2000 Senior Member Find all posts View Profile Close ace2000]

I'll tell you why we did it. Or at least what swayed me: the math.

The math of a 50 year old person that had 25 travel years left. 1 week in a hotel X 25. Factoring in inflation.

I'm 31. My fiance will be 38. We are younger than 50. The math seemed to be in our favor.

Then we had the every other year option and unlimited "family" vacations. We loved the every other year option. Then the cruise exchange. We'd love to cruise for our honeymoon.

So those were our reasons.

Oh and we were promised a title on top of a deed, which would allow us to have some tax benefits. Apparently. ???

LOL - I thought for sure, it was because you were late for Shoji!

First, the inflation will still be a factor in the increasing maintenance fees. Second, you'll have to verify the cruise benefits. I'm highly skeptical of that benefit, but I know nothing about Summerwinds. Third, there are zero tax benefits in a situation like yours. A Timeshare is not a favorable investment, period. It will provide you great emotional benefit if you value vacations, but don't plan on getting an appreciating asset.


A timeshare purchase comes down to usage for 1 week (usually) and the costs involved at the time of purchase plus the annual maintenance fees. For many, it works out very favorably, especially when buying resale. For many, it works out even if they purchased from the developer.

If you fell in love with Stormy Point, then rent a week there (for about $500), and then purchase a contract off of eBay after researching previous closed auctions.

Basically, (if you haven't noticed by now), I'm telling you that you were fed a bunch of 'baloney' by your sales rep.

[hoofbeats95 Junior Member Find all posts View Profile Close hoofbeats95]

I hear what you are saying.

I will admit to being quite unknowledgeable about tax benefits. I'm an asset to uncle sam as I'm "single" and I own nothing. (I live with my fiance so it's all his). I make a good salary as a software developer and Uncle Sam rolls in my money! (We need to get married soon!) My fiance farms and so he knows more about taxes than I do. But we were told we could deduct the maintenance fees from taxes since we would have the title and we'd get an itemized maintenance receipt. We were also told we could do this for our interest. Since essentially we "own" a vacation home. Even if it's fractional. I won't even go into the deal they gave us due to previous purchases by current owners on the home. . . that was probably a scam too.

I'm here now and I will learn. . . once the holidays are over and I can research. There has to be good deals out there!