Panicking over Stormy Point purchase

[hoofbeats95 Junior Member Find all posts View Profile Close 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.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Retail - developer purchase? Then you are paying too much!

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 Senior Member Find all posts View Profile Close ace2000]

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 Junior Member Find all posts View Profile Close hoofbeats95]

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 Super Moderator Find all posts View Profile Close Spence]

Welcome to TS4Ms!

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 Senior Member Find all posts View Profile Close ace2000]

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 Junior Member Find all posts View Profile Close hoofbeats95]

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 Senior Member Find all posts View Profile Close ace2000]

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

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

No answer at the cancel number

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

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.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

RESCIND RESCIND RESCIND! Do it NOW!

You don't understand and thats why you need to rescind NOW! Don't wait! For your specifics:

We got a VIP status. We have "unlimited family" vacations every year.

You may not get that "status" through resale but it doesn't matter. It isn't "free" - you are paying the inflated retail price (thousands!) to get it. It would take two lifetimes to ever get that amount of value out IF they didn't change the VIP rules (they can & do). It is NOT a value to pay for.

Not sure what they are called elsewhere but the weeks that we can buy for cheap at any time.

Once you own - resale or retail - cheaper bonus or owners offers are the same. No benefit to paying too much to purchase. None.

Can we really exchange easily?

Never buy a week to mostly exchange. Buy to USE. An occasional exchange is OK but planning on exchange for the majority of your purchase / use value is a big mistake. It is not as easy as calling and getting a reservation as you would with a hotel. It requires planning 8-24 months in advance and being flexible with dates, unit sizes, locations - it is not as easy as they may have painted it. But the exchange system works exactly the same for resale as it does for retail buyers. You again get NOTHING for the extra dollars you pay at retail when it comes time to exchange. Nothing.

Do we really get our maintenance fee back if we don't want to go?

Absolutely not!!! They told you that? Total lie! You owe the annual fees if you never use or trade the week. You never get the fees back. You really are confused and have been seriously mislead. Rescind NOW and learn how this all works. But get out NOW - it is your ONLY chance and it runs out soon!

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.

Plenty of people here can help you track down a good resale. That is the very least of your worries. What you need to do NOW is get out of a very bad purchase decision. You have very limited time to do that so stop asking questions for a few minutes, find the information on rescinding your purchase, follow it to the letter & get out of this bad deal! Plenty of time for questions and to get a good deal after this one is safely canceled.

You asked - we are giving you the bottom line - GET OUT OF THIS "DEAL" NOW or you will regret it in a few days when you will own it and be one of those resale sellers trying to get 10% of what you paid and unable to do so. Get out NOW!

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

We saw the Nantucket thing when we went back after the purchase to look at the village. They never said anything about it to us during the presentation. So I can't answer.

What if we can get anyone Stormy Point to answer. But we are sending the letter today.

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

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)?

Your question is answered in post #42 at:

http://www.timeshareforums.com/forum...tml#post216366

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

Absolutely not!!! They told you that? Total lie! You owe the annual fees if you never use or trade the week. You never get the fees back. You really are confused and have been seriously mislead. Rescind NOW and learn how this all works. But get out NOW - it is your ONLY chance and it runs out soon!

All the documentation states the if we give our week back to them the reimburse the maintenance fees. I have read on other sites that this a new thing the industry is doing to alleviate some of the criticism. The ownership is in my fiance's name. He's at home going through the cancellation steps. I'm at work getting advice from you guys. But he can't get an answer at the cancellation number. He's sending the letter out today though no matter what. Today is day 3 of 5 days.

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

All the documentation states the if we give our week back to them the reimburse the maintenance fees. I have read on other sites that this a new thing the industry is doing to alleviate some of the criticism. The ownership is in my fiance's name. He's at home going through the cancellation steps. I'm at work getting advice from you guys. But he can't get an answer at the cancellation number. He's sending the letter out today though no matter what. Today is day 3 of 5 days.

If the instructions state you need a cancellation number, then you better follow the instructions. I highly recommend you pay a few hundered dollars and get an attorney involved. Especially if you don't get an answer at that phone number. At least you'll get good sleep tonight! Good luck!