126,000 Annual Wyndham Smoky Mountain Pts - FREE (update - points sold)

littlestar · Feb 15, 2014

Hi all,

I'm rearranging some of our timeshare ownerships and am offering an Annual 126,000 Wyndham Smoky Mountain contract for free here on the bargain board. These are owned free and clear (we bought them resale). 126,000 points available October 1, 2014. Maintenance fees are paid monthly and buyer will be responsible for monthly fees after transfer is complete.

We will split the Wyndham transfer fee of $299 and closing fee of approximately $125 (Legal Timeshare Transfers) with the buyer. Maintenance fees run $573.30 per year ($4.55 per 1,000 points) and our program fee has been $69.30 a year - the program fee can vary depending on how many total Wyndham points you own.

cory30 · Feb 15, 2014

PM sent. Thanks.

hk4481 · Feb 15, 2014

Interested

PM sent ... we're interested.

Thanks,
Theresa Klineyoung

Rent_Share · Feb 15, 2014

23 minutes - two potential offers? WTG

Mister Sir · Feb 15, 2014

Rent_Share said:
23 minutes - two potential offers? WTG

Make that 3! PM sent also.

Mister Sir · Feb 15, 2014

I might have been late to the party on this one but this looks like just what I was searching for.

hk4481 · Feb 15, 2014

I ditto Mister Sir!!

littlestar · Feb 15, 2014

Hi Everybody,

I'm waiting to hear back on a definite yes from the first person who PM'd me who said they'd take them. Thanks and I'll keep you posted.

Debbie (littlestar)

lisa3635 · Feb 15, 2014

If all the others happen to fall through, I'd take them.

littlestar · Feb 16, 2014

Thanks for all the interest. The first person that PM'd me is taking the points.

Debbie (Littlestar)

Mister Sir · Feb 16, 2014

The early bird got the worm. :clap:

Congrats on a sweet deal. I'm not jealous... :bawl:

hk4481 · Feb 16, 2014

Congratulations!

Rent_Share · Feb 16, 2014

OP wanted out, so this was a good solution,

The level of interest indicates that under the rule of supply and demand for this size of membership the value might be trending up slightly

The point that I am trying to make is 4-5 people posted an interest at (399 + 125)/2 or $ 262, would it only have been 2 @$ 524 ?

This example - 50/50 on transfer costs (MF paid through close)
Next Step - Buyer pays All Closing Costs
Third step - buyer pays All Closing Costs and something against the MF's
Fourth Step - Buyer actually pays Something against the "equity" in the timeshare ?

At the point where the transfers become sales, not a giveaway with incidental cash exchanging hands to cover the cost of accurately changing ownership and terminating liability for future maintenance fees,they will move to the classified section, we are not anywhere near that yet but the level of interest is encouraging indicating a possible reversal of the trend of below zero to transferor,

IMNSHO YMMV

littlestar · Feb 16, 2014

Rent_Share said:
OP wanted out, so this was a good solution,

The level of interest indicates that under the rule of supply and demand for this size of membership the value might be trending up slightly

The point that I am trying to make is 4-5 people posted an interest at (399 + 125)/2 or $ 262, would it only have been 2 $ 524 ?

This example - 50/50 on transfer costs (MF paid through close)

Next Step - Buyer pays All Closing Costs

Third step - buyer pays All Closing Costs and something against the MF's

Fourth Step - Buyer actually pays Something against the "equity" in the timeshare ?

At the point where the transfers become sales, not a giveaway with incidental cash exchanging hands to cover the cost of accurately changing ownership and terminating liability for future maintenance fees,they will move to the classified section, we are not anywhere near that yet but the level of interest is encouraging indicating a possible reversal of the trend of below zero to transferor,

IMNSHO YMMV

Hi David,

I actually had someone PM me and offer to pay the closing and the transfer fee, but I had already made the deal with the first person who PM'd me.

Rent_Share · Feb 16, 2014

Tuggers are an honorable bunch

Thank you for validating my point.

The sad part is those people who pay relief organizations 3 years of MF's for their questionable transfers when they can't find a legitimate buyer