[ 2014 ] Help -- MFs for 210,000 EOY Bali Hai?

I just won an auction for a 210,000 EOY contract at Wyndham Bali Hai. The listing says that the annual MFs are $468.72.

Can someone who owns this property please let me know whether this amount includes the Club Wyndham membership fee?

I'm already an owner at Panama City Beach and I just want to calculate the additional amount that would be added to my monthly MFs (since I'm already paying the Club Wyndham membership fee). I can't tell if the $468 listed includes the annual membership fee.

Thanks for the help.

Run a quick search for Bali Hai on this thread:

http://tugbbs.com/forums/showthread.php?t=201233

There is a post by jebloomquist that might throw you off. I wouldn't use his aggregated numbers as a benchmark since he has many different kinds of contracts (converted fixed weeks, regular UDI, etc.) which throws off the numbers.

The numbers you quoted $468/210k points is extremely low, even if it does not include the CWP fee. Are you sure you got an annual or EOY contract?

I would have expected mid-to-high 3s to very low 4s for BH.

uscav8r said:

Run a quick search for Bali Hai on this thread:

http://tugbbs.com/forums/showthread.php?t=201233

There is a post by jebloomquist that might throw you off. I wouldn't use his aggregated numbers as a benchmark since he has many different kinds of contracts (converted fixed weeks, regular UDI, etc.) which throws off the numbers.

The numbers you quoted $468/210k points is extremely low, even if it does not include the CWP fee. Are you sure you got an annual or EOY contract?

I would have expected mid-to-high 3s to very low 4s for BH.

Click to expand...

Sorry, I should say that the 210K is EOY. I'll go back and edit.

I saw jebloomquist's post and that's actually where I got totally thrown off. I saw last year's 2013 MFs and I'm guessing that the $468 HAS to include the program fee otherwise the increase is just insanely high from 2013 to 2014. Would love for a Bali Hai 210,000 owner to confirm the MFs (w/o program fee) for 2014. I can't tell if this is a converted unit yet and I remember the Estoppels don't tell you this anyway (or give a breakdown of the MFs).

This is the thread from 2013 listing the MFs for Bali Hai EOY 210K as $320.25 w/o the program fee.

http://www.tugbbs.com/forums/showthread.php?p=1420236

It says:

Wyndham Bali Hai Villas
Contract Type: Undivided Interest - Odd Year (UDI)
Points: 210,000

Total HOA Fee
Total HOA Fee for 1,000 Points: $3.05
Maintenance Fees: (105,000 / 1000) * $2.43 = $255.15
Reserve Fund: (105,000 / 1000) * $0.37 = $38.85
Property Tax: (105,000 / 1000) * $0.13 = $13.65
Local Tax: (105,000 / 1000) * $0.12 = $12.60
Total HOA Fee: (105,000 / 1000) * $3.05 = $320.25

lilpooh108 said:

Sorry, I should say that the 210K is EOY. I'll go back and edit.

I saw jebloomquist's post and that's actually where I got totally thrown off. I saw last year's 2013 MFs and I'm guessing that the $468 HAS to include the program fee otherwise the increase is just insanely high from 2013 to 2014. Would love for a Bali Hai 210,000 owner to confirm the MFs (w/o program fee) for 2014. I can't tell if this is a converted unit yet and I remember the Estoppels don't tell you this anyway (or give a breakdown of the MFs).

This is the thread from 2013 listing the MFs for Bali Hai EOY 210K as $320.25 w/o the program fee.

http://www.tugbbs.com/forums/showthread.php?p=1420236

It says:

Wyndham Bali Hai Villas
Contract Type: Undivided Interest - Odd Year (UDI)
Points: 210,000

Total HOA Fee
Total HOA Fee for 1,000 Points: $3.05
Maintenance Fees: (105,000 / 1000) * $2.43 = $255.15
Reserve Fund: (105,000 / 1000) * $0.37 = $38.85
Property Tax: (105,000 / 1000) * $0.13 = $13.65
Local Tax: (105,000 / 1000) * $0.12 = $12.60
Total HOA Fee: (105,000 / 1000) * $3.05 = $320.25

Click to expand...

Yeah, so add the $118-137 annual minimum (which would take you to $438-458 using 2013 numbers) and then a fudge factor for year-over-year inflation, and you are probably in the right ballpark for your contract.

I don't know who your reseller is, but last year when I got my Nat'l harbor, I asked for, and received, a screenshot of the current owner's Club Wyndham Assessment page showing it was up to date and what the fee breakdown was (very similar to what you just posted). This will help lay it all out so there can be no confusion.

uscav8r said:

I don't know who your reseller is, but last year when I got my Nat'l harbor, I asked for, and received, a screenshot of the current owner's Club Wyndham Assessment page showing it was up to date and what the fee breakdown was (very similar to what you just posted). This will help lay it all out so there can be no confusion.

Click to expand...

This is a great idea. I just sent the seller (Sean Singletary) an email asking for the same thing. Hopefully he will go through the trouble of sending it.

BTW, jebloomquist was nice enough to PM me to help me figure out the MF. Hopefully I'll get more clarification this way.

Thanks for your suggestions.

I own 168K EOY at Bali Hai.

Contract Type: Undivided Interest - Odd Year (UDI)
Points: 168,000

Total HOA Fee
Total HOA Fee for 1,000 Points: $3.16
Maintenance Fees: (84,000 / 1000) * $2.49 = $209.16
Reserve Fund: (84,000 / 1000) * $0.37 = $31.08
Property Tax: (84,000 / 1000) * $0.17 = $14.28
Local Tax: (84,000 / 1000) * $0.13 = $10.92
Total HOA Fee: (84,000 / 1000) * $3.16 = $265.44

Program Fee
Program Rate for 1,000 Points: $0.55
Program Fee: (84,000 / 1000) * $0.55 = $46.20

CLUB WYNDHAM Plus Assessment
Annual Fee: $265.44 + $46.20 = $311.64
* Monthly Fee: $311.64 / 12 = $25.97

My Info: 210,000 Odd Year Bali Hai; and 126,000 Every Year Glacier Canyon.

Wyndham Bali Hai Villas
Total HOA Fee Program Fee Annual Fee Monthly Fee
$331.80 $57.75 $389.55 $32.46
Contract Type: Undivided Interest - Odd Year (UDI)
Points: 210,000

Total HOA Fee
Total HOA Fee for 1,000 Points: $3.16
Maintenance Fees: (105,000 / 1000) * $2.49 = $261.45
Reserve Fund: (105,000 / 1000) * $0.37 = $38.85
Property Tax: (105,000 / 1000) * $0.17 = $17.85
Local Tax: (105,000 / 1000) * $0.13 = $13.65
Total HOA Fee: (105,000 / 1000) * $3.16 = $331.80

Program Fee
Program Rate for 1,000 Points: $0.55
Program Fee: (105,000 / 1000) * $0.55 = $57.75

CLUB WYNDHAM Plus Assessment
Annual Fee: $331.80 + $57.75 = $389.55
* Monthly Fee: $389.55 / 12 = $32.46

* Your Account Payment Frequency
The Home Owners Association (HOA) portion of your Assessment is divided in half and billed every year on either an annual or monthly basis so the payment amount is conveniently spread over 2 years.


Wyndham Vacation Resorts at Glacier Canyon
Total HOA Fee Program Fee Annual Fee Monthly Fee
$725.76 $69.30 $795.06 $66.26
Contract Type: Undivided Interest (UDI)
Points: 126,000

Total HOA Fee
Total HOA Fee for 1,000 Points: $5.76
Maintenance Fees: (126,000 / 1000) * $4.49 = $565.74
Reserve Fund: (126,000 / 1000) * $0.69 = $86.94
Property Tax: (126,000 / 1000) * $0.58 = $73.08
Total HOA Fee: (126,000 / 1000) * $5.76 = $725.76

Program Fee
Program Rate for 1,000 Points: $0.55
Program Fee: (126,000 / 1000) * $0.55 = $69.30

CLUB WYNDHAM Plus Assessment
Annual Fee: $725.76 + $69.30 = $795.06
* Monthly Fee: $795.06 / 12 = $66.26

* Your Account Payment Frequency
Close Details

Showing 2 of 2 Totals
Total HOA Fee Program Fee Annual Fee Monthly Fee
$1,057.56 $127.05 $1,184.61 $98.71

As you have seen, $3.16 is the MF rate exclusive of the .55 program fee for UDIs at Bali Hai. I am sure that your 210K is a UDI deed. Converted weeks would be multiples of point values required to stay there a week. The possibilities are 203, 231, 266, 308, 325, 350, 375, 450, and 500. Any other point values (that are not multiples of these) are not converted weeks.

I have a converted fixed week at a MF rate of $3.26 (exclusive of program fee).

Staceyeileen and H100, thanks for posting your MFs. I really appreciate it.

BTW, Sean also responded by emailing me the 2014 assessment for the seller and it matched up with what people posted here so everything looks good. He was really responsive this morning.

Thanks again for the help.

Bigrob said:

Converted weeks would be multiples of point values required to stay there a week. The possibilities are 203, 231, 266, 308, 325, 350, 375, 450, and 500. Any other point values (that are not multiples of these) are not converted weeks.

I have a converted fixed week at a MF rate of $3.26 (exclusive of program fee).

Click to expand...

This is great info, thanks.

there are UDIs at Bali Hai like this one I own

Contract Type: Undivided Interest (UDI)
Points: 453,000
Total HOA Fee
Total HOA Fee for 1,000 Points: $3.16
Maintenance Fees: (453,000 / 1000) * $2.49 = $1,127.97
Reserve Fund: (453,000 / 1000) * $0.37 = $167.61
Property Tax: (453,000 / 1000) * $0.17 = $77.01
Local Tax: (453,000 / 1000) * $0.13 = $58.89
Total HOA Fee: (453,000 / 1000) * $3.16 = $1,431.48
Program Fee
Program Rate for 1,000 Points: $0.57
Program Fee: (453,000 / 1000) * $0.57 = $258.21
CLUB WYNDHAM Plus Assessment
Annual Fee: $1,431.48 + $258.21 = $1,689.69
* Monthly Fee: $1,689.69 / 12 = $140.81


and there are converted float weeks like this eoy I own

Contract Type: Float Week Even Year
Points: 308,000
Total HOA Fee
Maintenance Fees: $436.99
Reserve Fund: $90.16
Property Tax: $31.78
Local Tax: $14.97
Total HOA Fee: $573.90
Program Fee
Program Rate for 1,000 Points: $0.57
Program Fee: (154,000 / 1000) * $0.57 = $87.78
CLUB WYNDHAM Plus Assessment
Annual Fee: $573.90 + $87.78 = $661.68
* Monthly Fee: $661.68 / 12 = $55.14


as you can see the mf/1000 points is different.

Thanks Ron. I originally thought the 210 EOY I bought was a UDI, but I got confused when I read the 2014 "Post Your MF" thread when I saw the converted weeks.

It was really helpful 2 years ago when researching Wyndham to use the MF Excel spreadsheet. Too bad that's not available for the updates fees.

But thanks to everyone who responded.

Based upon my experience at Bali Hai Villas and Panama City Beach, the following is what I compute as the maintenance fees that you will experience once Wyndham finishes the transfer of your Bali Hai Villas contract, plus your existing Panama City Beach contract. These are for 2014.

Panama City Beach 168k biennial UDI
$307.44 HOA Fee

Bali Hai Villas 210k biennial UDI
$320.25 HOA Fee

$118.00 Program Fee

$745.69 Total UDIs plus Program Fees

Note: On average I roughly experienced an increase in fees 2013 to 2014 of 3.32% with Bali Hai Villas UDIs and 4.70% with Panama City Beach UDIs. These increases were some of the lowest that I received in any of my Wyndham contracts.

Jim

jebloomquist said:

Note: On average I roughly experienced an increase in fees 2013 to 2014 of 3.32% with Bali Hai Villas UDIs and 4.70% with Panama City Beach UDIs. These increases were some of the lowest that I received in any of my Wyndham contracts.

Jim

Click to expand...

Jim,

Thank you for taking the time to compute the numbers and for explaining the increase in MFs. This was above and beyond. Thanks again.

Just as a note. If you purchase more Wyndham contracts, once you reach 207k annualized points, you will be paying $.57 per 1000 points, not the $118 minimum program fee. This is of course in addition to the HOA fees.

You are currently at 189k annualized points, so probably with any additional contract, you will be above the $118 minimum program fee and the $.57 per 1000 points will apply.

Jim

jebloomquist said:

Just as a note. If you purchase more Wyndham contracts, once you reach 207k annualized points, you will be paying $.57 per 1000 points, not the $118 minimum program fee. This is of course in addition to the HOA fees.

You are currently at 189k annualized points, so probably with any additional contract, you will be above the $118 minimum program fee and the $.57 per 1000 points will apply.

Jim

Click to expand...

Thanks Jim. Funny you should mention this. I was just calculating my "cap" so to speak before I start paying additional Wyndham's program fees. I think I'm good for now, having just bought an SDO property to trade in II.

what size unit would you typically get at Bali Hai with 210k Points?

RJones said:

what size unit would you typically get at Bali Hai with 210k Points?

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For 7 nights in a one bedroom unit on one of the lower floors it is 203,000. A two bedroom deluxe unit on one of the upper floors would be 195,000 for 5 nights check in Sunday check out Friday. Friday and Saturday nights take more points.