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Best rci points for the buck

tdfam

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Hi, Can anyone advise which resorts give the most RCI points for the least maintenance fees. It can be a points resort or a weeks resort that can be converted to points. Thank you.
 

Passepartout

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We hear that the best bang for the MF buck is Grandview in Las Vegas. iirc, a 2 bedroom- which is really 2- one bedroom units- gets 122,000 for something like $800/yr in MF. However this little tidbit has become known and the sales prices of converted (to points) units has skyrocketed. Anytime you can find one with points at-or near a penny (of MF) a point is considered pretty good.

Jim
 

Eric B

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I get 137,000 per year with MF @ $775 for a 4BR LO at Woodstone Massanutten.
 

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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
 

Seaport104

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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

I thought once a resort was in RCI points I thought it was no longer eligible for PFD?
 

Heron

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That is true, but the summit is weeks, not points. Woodstone is points
 

tschwa2

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Woodstone and Regal Vistas at Massanutten are in points but you don't see the high season weeks (the ones with the highest points) that have been converted for resale very often. I avoid updates at Massanutten so I don't know what the fee to convert would be or if they would allow a straight conversion without an additional purchase. Several years back when they first moved to points one of the salespersons indicated that Massanutten (Great Eastern) had to pay several hundred thousands to RCI as a one time payment in order to get the high points allowances that they received vs what they would have received without the extra one time cash payment and that accordingly Massanutten will charge a high fee to help recoup on their investment.
 

m2736185

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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?
 

kukenan

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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?

Summit still in weeks, so can be used for PFD or TPU in RCI. Woodstone and Regal are in RCI points, so can't be used to PFD, but fixed or floats weeks there can be converted to points for a high fee, high points deeds there aren't in the resale market yet.
 

tdfam

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Can Grandview weeks properties be PFD? If so do they still give a favorable points to maintenance fee?
 

tschwa2

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No Grandview is points property and can not be PFD. If a resort code has any points members it can not be used for PFD. Massanutten has several HOA's with separate RCI numbers. Ones that are still in weeks can PFD. Ones in points can not. If you see a RCI points chart in the directory and the resort is listed as points it is not eligible for PFD. The reason for PFD is to allow owners with points who also own at non points weeks to use RCI points. Once a resort is selling their own conversion, RCI stops allowing PFD as is is a cheap alternate competitor for the resort who is selling the conversion and RCI has agreed to bow out of the PFD process for that resort because why would anyone pay $1000-$5000 to convert when they could pay a very nominal PFD fee to RCI.
 

needgeech

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Anybody know if Woodstone or RV exercises ROFR on ebay/CL/etc. "cheap" resales??
 

tschwa2

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bizaro86

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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.
 

tschwa2

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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.
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.
 

montygz

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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.
 

Passepartout

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Sometimes 'more' isn't necessarily better. I own a nice 2BR 2BA TS in Arizona. It gives me almost 60,000 RCI points a year for around $800. There are better deals around, but also some not so good. The important thing is that timesharing is not the only way we vacation. I have found that I usually 'spend' around 35K for a week in a nice 1 BR unit. So That means I get easily 2 weeks for that $800 MF. PLUS $500 in RCI Exchange fees AND $100 RCI membership.

Imagine having 122K to spend every year. If you just need 1BR units, You'd have roughly 4 a year, pay RCI $1100 + your MF+ transportation. It may nbe exactly what you want, but if the idea of timesharing is to vacation on the cheap, this seems to defeat the purpose.

Jim
 

chemteach

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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.)
 

montygz

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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.)

Yes, landed a deal for $250 all-in on a 98K contract. I figured if we decided we didn't like it, we could at least not be hurt unloading it. So far it's been a great value for us.
 
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