Quick advice needed....thank you!

I just purchased my first time share really had no intention and what seemed like an amazing deal after reading forums I am not so sure. However I bought in south FL and am still within my 10 day window to back out.

My question is, is the following a "good" deal that is reasonable or should I back out and buy from one of the other owner that is selling on this site?

The Deal

$10k for 2 weeks at a lock off a/b two bedroom unit (so 4 weeks in total annual use) in Weston FL. Fees and Taxes are about $875 but are paid only on even years and I will not owe until 2018.

Good enough to keep? Or back out and buy from another owner?

Thanks for any advice or general guidance from those that have had time shares

NEVER buy from the developer. You can get it for pennies on the dollar through a resale. I would cancel immediately. Make sure you follow the cancellation to the letter and send it out with a return receipt so you have a record that they received it.

Agreed!! Timeshares are so expensive, I'm strapped with mine with no way out it seems.

It sounds like you are getting bonus weeks, these are not the same as your regular week. You would have to exchange them through RCI. They will cost you $219 per exchange plus the $89 annual RCI membership. The only weeks that are available using the bonus weeks are off season last minute weeks.

Rescind and take your time picking something out, maybe here maybe somewhere else.

Yes you are correct 2 weeks are bonus weeks.

Thanks for the input seems to me the deal wasn't horrible just much better ones to be had in the resale market even if that means not having bonus weeks.

Bonus weeks are not supposed to transfer when sold on the resale market but they often do. Once you have a timeshare, you have access to RCI's extra vacations and last calls. I've never seen a time where the bonus week saved more than $50 over what was available through regular rci rentals. When RCI has sales on those last minute rentals the price is often less than using the bonus certificates. Even if you took 2 a year and managed to save $100 it would take you 100 years to cover the $10,000 you paid out of pocket not to mention the financing.