I have two Wyndham points contracts that i would like to give away.
1) Great Smokey Lodge 1,001,000 points, Oct use year, mf $5.01/1000
2) Canterbury 500,000 points, April use year, mf $4/1000
I will pay all costs of closing and transfer fees
Because of the mf, these are two of the most desirable contracts in the Wyndham system
So whats the catch? Those of you that know me know the answer. I have used all the points from these contracts and the next use is the 2019 use year so the first travel date for the big contract is April, 1 2018 and the first travel date for the small contract is Oct 1 2018
The points will be awarded Jan 1 2017 and I assume it will be 4 months until your first maintenance fee payment so you will be paying 4 months of fees this year before you see your first points. And unless you use the credit pool it will be nearly 18 to 24 months before your first possible travel date
So why is this a bargain deal. ... first of all its free which I think meets the definition that TugBrian recently established. As we all know when it comes to timeshares, even free can be too much so why is this a good deal?
I value Wyndham points at about $6/1000 points so I think that if I hadn't used the 2017 and 2018 points these contracts would be worth $5000 and $10000 respectively, for the points alone and the contract itself is worth something because of the low mf. (remenber mf is forever so these are contracts that will keep on giving) One of Wyndhams preferred brokers is selling Wyndham points contracts for more than that now. (link upon request)
So for the Canterbury contract the price is really $5000 but to compensate my buyer for the missing points the price is reduced to $0 and Ill pay the closing and transfer costs> As I said above, the real value here will be realized in future years because maintenance fees are forever, and these are low.
I have 20,000,000 more points in contracts of various sizes (with higher mfs) that I will sell at the same terms, once these are gone
Last point and that will be to answer the inevitable question... Why are you doing this? I am currently paying about $250,000 a year in timeshare maintenance fees, and I'll be 70 years old in a few months. No one in my family wants to take on what has become a fairly successful business, so its time to work on an exit strategy..call it estate planning or a business continuation plan. By the way I have 5 VIP Platinum accounts I am open to offers of $0 for a whole account, Platinum status intact
1) Great Smokey Lodge 1,001,000 points, Oct use year, mf $5.01/1000
2) Canterbury 500,000 points, April use year, mf $4/1000
I will pay all costs of closing and transfer fees
Because of the mf, these are two of the most desirable contracts in the Wyndham system
So whats the catch? Those of you that know me know the answer. I have used all the points from these contracts and the next use is the 2019 use year so the first travel date for the big contract is April, 1 2018 and the first travel date for the small contract is Oct 1 2018
The points will be awarded Jan 1 2017 and I assume it will be 4 months until your first maintenance fee payment so you will be paying 4 months of fees this year before you see your first points. And unless you use the credit pool it will be nearly 18 to 24 months before your first possible travel date
So why is this a bargain deal. ... first of all its free which I think meets the definition that TugBrian recently established. As we all know when it comes to timeshares, even free can be too much so why is this a good deal?
I value Wyndham points at about $6/1000 points so I think that if I hadn't used the 2017 and 2018 points these contracts would be worth $5000 and $10000 respectively, for the points alone and the contract itself is worth something because of the low mf. (remenber mf is forever so these are contracts that will keep on giving) One of Wyndhams preferred brokers is selling Wyndham points contracts for more than that now. (link upon request)
So for the Canterbury contract the price is really $5000 but to compensate my buyer for the missing points the price is reduced to $0 and Ill pay the closing and transfer costs> As I said above, the real value here will be realized in future years because maintenance fees are forever, and these are low.
I have 20,000,000 more points in contracts of various sizes (with higher mfs) that I will sell at the same terms, once these are gone
Last point and that will be to answer the inevitable question... Why are you doing this? I am currently paying about $250,000 a year in timeshare maintenance fees, and I'll be 70 years old in a few months. No one in my family wants to take on what has become a fairly successful business, so its time to work on an exit strategy..call it estate planning or a business continuation plan. By the way I have 5 VIP Platinum accounts I am open to offers of $0 for a whole account, Platinum status intact
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