Summit at Massanutten and RCI point value

[raerose]

Hello all,

This is my first post as my wife and are are just about ready to make the jump into timesharing. After experiencing one of the worst times of being lied to in my life at massanutten in va a few weeks we signed (rescinding the next day) an offer that was completely taking advantage of us. however, our interest was peaked and since we travel significantly each year we felt that timeshares could be a wise choice. After doing significant research and teal king to resale brokers my wife and I have a route planned out into jumping into the timeshare market.

First, we feel that RCI systems is the best route four us as we rarely do an entire 7 days. Through our researching we found that massanutten is a great resort, probably one of the better ones when it comes to RCI points since the amenities it offers are significant, even if some of there units are subpar (which is why there trading value on the week system can be and that there are TON OF UNITS there that are always deposited). Also, only two properties are available in the points system IF they are already converted.

Because of the significant trading value in the points system we intend purchasing two units; the first unit being similar to the ebay link here

http://www.ebay.com/itm/16-333-RCI-...41323234697?pt=Timeshares&hash=item20e7856d89

that has a low MF but is in a resort already affiliated with RCI points. The second unit would be a 4 bedroom lockout at SUMMIT at MASSANUTTEN, with a floating week red annual. While this unit is not on the RCI point system it supposedly can be converted to points into RCI (for a fee) since we would have the other unit that is a points affiliated. This type of unit supposedly has the potential to earn ~60k points each for 120k RCI points each.

I am looking for opinions to see if I have done my homework correctly and my thoughts/ideas are both valid and wise. I appreciate the opinions and help.

-Anthony

 

[tschwa2]

Your understanding seems pretty good to me. Two things to consider: The Grandview packages even the smaller ones get bid up higher than you might expect. Also It's been about a year and a half since they started selling points for Woodstone and Regal Vista. Even with the very high conversion they are charging they have been fairly successful. I wouldn't be surprised if they didn't start selling conversions to Summit in the next year or two. If they do, you immediately lose your ability to do a points for deposit and would only be able to use your unit in the weeks system. It might not happen but if they think they can make money doing there is no reason they wouldn't.

 

[raerose]

It shows that you own at Massanutten...do you have yours on the points or weeks system? do you feel that this is a good idea or would I be placing myself into a corner if Summit did shift to points? If they did shift, I would have to pay the conversion fee...which would normally the points would not adjust for inflation and I would eventually have to pay again or do the Summits trade high enough in the week system to exchange for anything good? I am also assuming this would make it ever more difficult with a floating week and converting it to points.

 

[tschwa2]

Week 51 and week 52 get decent tpu's around 20-22 for each side. Summer weeks get 13-15 per side. Everything else doesn't get very much. For floating weeks you need to prepay your MF's before you can reserve a week. You can reserve a week up to 2 years in advance. Weeks 51 and 52 are usually all gone around 20 months in advance.

I believe the charge to convert is around $7000. It doesn't matter the size or if it is a annual or EOY.

If you buy a Summit 4 br 1-52 float for a reasonable price, ideally with at least a summer 2015 reservation already in place, you won't be losing too much if a year or two down the line it goes to points. Even if you have to sell it for less or even give it away you still will be out a lot less than if you bought direct. So the most you can lose would be the purchase price.

My massanutten weeks are in weeks. I own a week 51 that I deposit half and try to rent the other half. I use the deposited tpu's to trade back in with the $139 exchange fee and I can often find decent weeks in the 3-9 range. I own another summer fixed and if I can rent it out for a little more than MF's I do so, otherwise I stay there that week. I recently purchased a Summit as well with the thought of doing what you are thinking about. I already own another points week elsewhere.

 

[Seaport104]

Why not just buy a grandview that's already converted to points with the 122,000 rci points for 700 maintenance?

 

[raerose]

Why not just buy a grandview that's already converted to points with the 122,000 rci points for 700 maintenance?

Watching ebay and reading grandview reviews it appears to be a good timeshare and resort? Is it good for rci points and tpu compared to other places?