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Orange lake Country club resale

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Author	Topic: Orange lake Country club resale
mgard Non Member Posts: 6 From: Registered: Dec 2004	posted 05-12-2005 08:56 Hi, I have a couple of days to get out of this deal so I'd like peoples opinions. How does a 3 bedroom 3 bath in the new section(East Village) fifth floor week 46(sometimes Thanksgiving) sound for $7600? We had gone to a presentation and they wouldn't budge on a 2 bedroon in the north village for $12,000. A 3 bedroom in the East was going to be $16,000. I don't remeber the weeks though but I know it wasn't a major week. Thnaks in advance. IP: Logged
aliikai2 TUG Member Posts: 1631 From: Bellingham WA Registered: Aug 2001	posted 05-12-2005 09:37 If your here asking,then you know the answer. You aren't ready to close, so recind. Greg My Website ------------------ We will be at the Kona Hawaiian Village from October 15th till November 6th, Mahalo IP: Logged
Karen G Moderator TUG Volunteer Posts: 3047 From: Bellevue, WA; own in Hawaii, Mexico, South Africa, Texas (RCI Pts.) Registered: Dec 2000	posted 05-12-2005 10:03 I haven't stayed at that resort, but I know it's a popular one that gets a lot of praise. One question I would have--is the 3-bedroom unit a lock-off floor plan whereby you could use or deposit it as two units? The maintenance fee for a 3-bedroom unit would be the highest annual maintenance fee, I presume. If you ever traded it, you most likely would trade down in size because there aren't as many three-bedroom units in other resorts. This would be an issue if it's not a lock-off. Would you use it yourself most of the time? It looks like a beautiful unit online and I'm sure it would be great for a large group to use. Would you always need that large a unit? Depending on your family's needs and wants, it might be a good deal. But, I'd want to be sure of all the above issues. IP: Logged
timetraveler TUG Member Posts: 564 From: Orange Lake Country Club, The Ridge of Sedona Golf Resort Registered: Mar 2001	posted 05-12-2005 10:58 Our 3 bedroom units at OL are not lockoff's. Just thought I'd provide this information. ------------------ Vickie IP: Logged
anne1125 TUG Member Posts: 1037 From: Cherry Hill, NJ, USA Registered: Feb 2003	posted 05-12-2005 12:33 The 2 bedrooms usually sell for around $5,000, I think. It sounds like a good deal to me. ------------------ anne IP: Logged
sfwilshire TUG Member Posts: 2327 From: Clinton TN Registered: Jan 2003	posted 05-12-2005 13:27 Week 46 is very off-season in Orlando. If this is a week you will typically use, it won't matter. If you plan to exchange it most of the time, I'd look for a "better" week. Sheila IP: Logged
ajsmithtx TUG Member Posts: 273 From: Panama City Beach, FL, USA - own at Orange Lake FL, (fixed); Shearwater, Princeville HI, (float) Registered: Aug 2001	posted 05-12-2005 14:27 Take your time in making your decision. 3 bedrooms will always be on the resale market. 7 days and 23 hours till we are back at OLCC!! ------------------ Tony IP: Logged
Suzy Q TUG Member Posts: 263 From: Gulf Breeze, Fl Registered: Dec 2000	posted 05-12-2005 22:12 We were just at Orange Lake. We went to a VIP update. VIP's are people who own a timeshare already (anywhere). They claim they aren't trying to sell you anything, just giving you an update. They ARE trying to sell you something. Don't remember the prices for new units. River Island opens late next Spring, it will have 3 bedroom lockouts. Not sure if it will have 2 bedroom lockouts. You must own in that development to stay there. Anyone at OLCC will be able to use the new water park which will have a "lazy river." They were offering resales of the oldest units (bungalows)for $11,000. You can get better deals from private resales. IP: Logged
mgard Non Member Posts: 6 From: Registered: Dec 2004	posted 05-13-2005 04:00 Looks like we're going for it. My husband really liked it when we were there in April. It's the golf courses that sold him. Hopefully we won't regret it! I am a little worried that someone said week 46 was not good. Sometimes it falls on Thanksgiving so I would think that would be good. IP: Logged
capekong TUG Member Posts: 648 From: Southeast Missouri Registered: Mar 2004	posted 05-13-2005 04:09 I have signed up on Bidshares to be notified via email on new three bedroom they have and almost everyday there are 1-3 in the Orlando area. You might look at those for a while to see the current supply. IP: Logged
BocaBum99 TUG Member Posts: 1548 From: Registered: Jul 2004	posted 05-13-2005 04:24 My guess is that the 3br units will settle in around $3500- 4000 in a few years when more time has passed since their introduction. If you feel pretty comfortable that you can recover $3500-4000 over time AND you go there every week 46, then it could be an okay deal. Two bedroom units go for about $3000. But, studios go for between $500-1000. You can trade up through RCI to a 2br at almost any time with a studio for the $149 exchange fee. So, if you don't want to go week 46, you may want to consider buying a smaller unit. But, the 3br units don't come up as often as everything else. So, buying when you want to use would be helpful. And, the MF on all units are the same. Only difference is the property tax. IP: Logged
ajsmithtx TUG Member Posts: 273 From: Panama City Beach, FL, USA - own at Orange Lake FL, (fixed); Shearwater, Princeville HI, (float) Registered: Aug 2001	posted 05-13-2005 07:18 quote: Originally posted by Suzy Q: We were just at Orange Lake. We went to a VIP update. VIP's are people who own a timeshare already (anywhere). They claim they aren't trying to sell you anything, just giving you an update. They ARE trying to sell you something. Don't remember the prices for new units. We will be at OLCC in a few days. Was the VIP update a hard sell with a salesperson, or did they let you sit at a table and listen to the update on your own? ------------------ Tony IP: Logged
timetraveler TUG Member Posts: 564 From: Orange Lake Country Club, The Ridge of Sedona Golf Resort Registered: Mar 2001	posted 05-13-2005 07:45 Tony...the VIP presentation to OL owner's is extremely soft sell. You will sit with a representative, and they will give you a brief update on ongoing plans. Ask if your considering adding any additional weeks, and that's it. Very pleasant staff. Afterall...your already in the family. ------------------ Vickie IP: Logged
timetraveler TUG Member Posts: 564 From: Orange Lake Country Club, The Ridge of Sedona Golf Resort Registered: Mar 2001	posted 05-13-2005 07:49 quote: Originally posted by Suzy Q: We were just at Orange Lake. We went to a VIP update. VIP's are people who own a timeshare already (anywhere). They claim they aren't trying to sell you anything, just giving you an update. They ARE trying to sell you something. Don't remember the prices for new units. River Island opens late next Spring, it will have 3 bedroom lockouts. Not sure if it will have 2 bedroom lockouts. You must own in that development to stay there. Anyone at OLCC will be able to use the new water park which will have a "lazy river." They were offering resales of the oldest units (bungalows)for $11,000. You can get better deals from private resales. Existing buildings in the East Village are NOT lockouts. I just wanted to make this clear, as obviously the OP is not looking at "under construction inventory". And it only makes sense, that unless you own at OL, you won't be able to stay in the newly developed units surrounding River Island. (a huge perk to being in the family, hey Tony?) ------------------ Vickie IP: Logged
ajsmithtx TUG Member Posts: 273 From: Panama City Beach, FL, USA - own at Orange Lake FL, (fixed); Shearwater, Princeville HI, (float) Registered: Aug 2001	posted 05-13-2005 15:51 Vickie Yes, that does sound like a nice perk. Although I like the quietness of the East Village. I think the River Island units will be very active with folks and young ones who really enjoy the water and are going to have a fun time until closing every night. Lockout and EOY units (River Island), fixed weeks, and being able to exchange back in it RCI, that gives a person a number of options with OLCC. ------------------ Tony IP: Logged
Mel TUG Member Posts: 1690 From: N Smithfield, RI - owner: Orange Lake Country Club, Kissimmee FL; Tropical Breeze Resort, Panama City FL Registered: Dec 2000	posted 05-13-2005 20:43 If you're going to use the unit, week 46 is a great week. Most years it should be the tail end of the Food & Wine Festival at EPCOT, which is wonderful. Crowds are small in the other parks, and the weather is really nice. While it might not trade as well as a summer week, I would prefer to travel in week 46. ------------------ Melinda Towne Come visit my homepage [This message has been edited by Mel (edited 05-13-2005).] IP: Logged
capekong TUG Member Posts: 648 From: Southeast Missouri Registered: Mar 2004	posted 05-14-2005 16:17 OLCC - 3 bedroom - week 46 is for sale in the TUG ads. Check it out! IP: Logged
mgard Non Member Posts: 6 From: Registered: Dec 2004	posted 05-16-2005 04:42 I saw a week 45 not 46 on TUG. This one was going for $9000. SO I guess maybe we got an okay deal since week 46 is SOMETIMES Thanksgiving week. Thanks for everyone's imput. IP: Logged

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