4 bedroom lockoff at the summit at Massanutten is weeks, but can be pfd'd into 121000 points. MF is 785. You have to own a points resort to be eligible to pfd though. You can buy a triennial Grandview that gets 49000 every 3rd year. MF is only 128 so combined mf of just over 900 for 137333 points per year. A lot cheaper to obtain than 122000 Grandview
Okay,
so Summit can no longer be traded for points only exchanged? Do we know that woodstone and regal will not be joining RCI as well?
That is true, but the summit is weeks, not points. Woodstone is points
They do not.Anybody know if Woodstone or RV exercises ROFR on ebay/CL/etc. "cheap" resales??
While I agree that it is a risk but because there are 1-52 deeded Summit weeks, fixed summit weeks and much more limited off season float weeks it would be hard to put a coherent point value for the mish mash of contract types- all in the same Summit HOA. I can't see them converting to RCI points but you never know.There isn't anything stopping the developer from converting the summit units to points though, which would eliminate the option to do PFD. Bit of a risk there, so might make sense to have a backup usage plan.
Agreed. Some of the 98,000 contracts sell for $1500+ Without current year's use. But sometimes you can get them almost free. I was recently able to get a week through ebay for $1000 total including all closing/transfer/rci transfer fees that included 2018 points (which would have been $804 in maintenance fees.) So basically it was $200. It's not as good as a 122,000 contract, but the upfront cost was almost nothing. However, over 5 years, the 122,000 contract will get an additional 110,000 points. That's worth half the cost of a 122,000 point contract. It seems the 122,000 point contracts hold their resale value, so if you have the cash available, it seems to make better sense to get a 122,000 contract at Grandview (assuming you need 122,000 points a year.)Sometimes you can land a deal at grandview if you are willing to settle for a 98K contract. Still a ton of points, but they can sell for a lot less than at 122K contract.
Agreed. Some of the 98,000 contracts sell for $1500+ Without current year's use. But sometimes you can get them almost free. I was recently able to get a week through ebay for $1000 total including all closing/transfer/rci transfer fees that included 2018 points (which would have been $804 in maintenance fees.) So basically it was $200. It's not as good as a 122,000 contract, but the upfront cost was almost nothing. However, over 5 years, the 122,000 contract will get an additional 110,000 points. That's worth half the cost of a 122,000 point contract. It seems the 122,000 point contracts hold their resale value, so if you have the cash available, it seems to make better sense to get a 122,000 contract at Grandview (assuming you need 122,000 points a year.)