Wth? TSN has CWA MF of $7.12/1k & $8.95/1k

[Grammarhero]

Would anybody even buy these? The $7.12 isn’t that bad, but the $8.95 is horrendous.

https://www.timesharenation.com/resort/Wyndham-Points

 

[dstacy969]

Check your math, I’m getting $7.12 and $4.47?


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[Grammarhero]

Check your math, I’m getting $7.12 and $4.47?


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It says MF are yearly but 105k pts deposit is biennial.


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[dstacy969]

Oops, missed the biennial part. Sorry.


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[dgalati]

Would anybody even buy these? The $7.12 isn’t that bad, but the $8.95 is horrendous.

https://www.timesharenation.com/resort/Wyndham-Points

Old man once told me there is a a## for every seat.

 

[Jan M.]

Would anybody even buy these? The $7.12 isn’t that bad, but the $8.95 is horrendous

Considering that Grand Desert maintenance fees are either $4.73 for buildings 1 and 2 or $4.82 for building 3, $7.12 is horrendous. $8.95 is outrageous. However there are several resorts or associations in the resorts that have even higher maintenance fees.

Purchase price is a one time thing. Maintenance fees you will have as long as you own and they determine the cost all your reservations. Free or almost free sometimes isn't in the long run. But you can usually find listings for Grand Desert pretty cheap.

 

[Jan M.]

Many new people are quick to grab the free stuff. They often figure out that their reservations are costing them a lot more than what the same reservation would cost other people because of their maintenance fees. Then they find themselves wanting to get rid of their higher maintenance fee deeds or contracts but also often find that they sometimes have a hard time unloading them. Richelle posted on another thread that she was giving back through Ovations a 64k point deed at one of the Branson resorts because no one wanted it. You may see someone saying they are readjusting their portfolio.

 

[Grammarhero]

Many new people are quick to grab the free stuff. They often figure out that their reservations are costing them a lot more than what the same reservation would cost other people because of their maintenance fees. Then they find themselves wanting to get rid of their higher maintenance fee deeds or contracts but also often find that they sometimes have a hard time unloading them. Richelle posted on another thread that she was giving back through Ovations a 64k point deed at one of the Branson resorts because no one wanted it. You may see someone saying they are readjusting their portfolio.

Someone actually took the $7.12. It’s not there anymore.


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[Braindead]

Someone actually took the $7.12. It’s not there anymore.

All CWA contracts have the same MF per 1k points no matter how big or small.
The only variance can be program fees. Resale program fee is .58 for resale, .60 per 1k points if you have a direct purchase in your account unless you don’t meet the minimum program fee then it could be higher for the program fee but the MF rate would still be the same

 

[HitchHiker71]

The price includes the Wyndham program fees of $155 per year. CWA fees are $5.99/1000 points no matter what. The ad is stating annual fees of $470. Remove the $155/year Wyndham program fee and we're at $315/year. 315/105= $3.00 per year, or $6.00/1000 points biennial. Right where it should be.

 

[Grammarhero]

The price includes the Wyndham program fees of $155 per year. CWA fees are $5.99/1000 points no matter what. The ad is stating annual fees of $470. Remove the $155/year Wyndham program fee and we're at $315/year. 315/105= $3.00 per year, or $6.00/1000 points biennial. Right where it should be.

Makes sense now.

 

[dgalati]

Considering that Grand Desert maintenance fees are either $4.73 for buildings 1 and 2 or $4.82 for building 3, $7.12 is horrendous. $8.95 is outrageous. However there are several resorts or associations in the resorts that have even higher maintenance fees.

Purchase price is a one time thing. Maintenance fees you will have as long as you own and they determine the cost all your reservations. Free or almost free sometimes isn't in the long run. But you can usually find listings for Grand Desert pretty cheap.

My recent deeds purchases, I bought at $100 for a Grand Desert 154,000 annual deed and $50 ea. for Grand Desert and National harbor 154,000 EOY deeds. These prices included closing costs. But If you can pickup one under $500 all in on a annual Grand Desert deed consider it pretty good deal.

 

[dgalati]

The price includes the Wyndham program fees of $155 per year. CWA fees are $5.99/1000 points no matter what. The ad is stating annual fees of $470. Remove the $155/year Wyndham program fee and we're at $315/year. 315/105= $3.00 per year, or $6.00/1000 points biennial. Right where it should be.

$155 program fee is on owner having only one contract. The program fee is reduced with a owner having more then one deed.

 

[HitchHiker71]

$155 program fee is on owner having only one contract. The program fee is reduced with a owner having more then one deed.

Yes, but in this specific instance, the fee for the 105k biennial is going to be the minimum Wyndham program fee of $155/year. That is the math that works out for the specific contract on TSN.

 

[Braindead]

$155 program fee is on owner having only one contract. The program fee is reduced with a owner having more then one deed.

Simply not true!! If an owner has two 49,000 point contracts or one 98,000 point contract the MF including the program fee would be the SAME
Minimum program fee or total program fee is based on total points owned & has nothin to do with how many contracts you own

 

[bnoble]

Yes, but in this specific instance, the fee for the 105k biennial is going to be the minimum Wyndham program fee of $155/year. That is the math that works out for the specific contract on TSN.

But if you are adding that contract to another account that already meets the minimum program fee, then it it's just another CWA contract.

 

[dgalati]

But if you are adding that contract to another account that already meets the minimum program fee, then it it's just another CWA contract.

Correct minimum program fee is on up to 154,000 points I believe. The amount charged after 154,000 I,m not sure of.

 

[dgalati]

Yes, but in this specific instance, the fee for the 105k biennial is going to be the minimum Wyndham program fee of $155/year. That is the math that works out for the specific contract on TSN.

I thought minimum feed on a deeded contract of 154,000 and under was $135

 

[dgalati]

Simply not true!! If an owner has two 49,000 point contracts or one 98,000 point contract the MF including the program fee would be the SAME
Minimum program fee or total program fee is based on total points owned & has nothin to do with how many contracts you own

Correct. The minimum fee based on 154,000 points or under?

 

[Braindead]

I thought minimum feed on a deeded contract of 154,000 and under was $135

Correct. The minimum fee based on 154,000 points or under?

You thought wrong
Minimum program fee is based on about 233,000 points if you only have resale coded contracts
233 x .58=$135.14

Developer coded account 258,000 points
258 x .6=$154.80

 

[Grammarhero]

You thought wrong
Minimum program fee is based on about 233,000 points

I thought it was 231k points? Or is it 231k points resale and 233k pts developer?

 

[Braindead]

I thought it was 231k points? Or is it 231k points resale and 233k pts developer?

Edited my post to show the math

 

[HitchHiker71]

I thought minimum feed on a deeded contract of 154,000 and under was $135

Straight from the assessment document that everyone has the ability to download:

Specific to this thread, they are obviously listing it with the $155/year fee because that's what the seller is currently paying (the seller must have purchased the CWA points from Wyndham as developer points). For the resale buyer, it will only be $135 since it will be a resale purchase which by definition cannot include PlusPartners.

 

[dgalati]

Straight from the assessment document that everyone has the ability to download:

View attachment 12936

Specific to this thread, they are obviously listing it with the $155/year fee because that's what the seller is currently paying (the seller must have purchased the CWA points from Wyndham as developer points). For the resale buyer, it will only be $135 since it will be a resale purchase which by definition cannot include PlusPartners.

Thanks for clarifying.

 

[dgalati]

You thought wrong
Minimum program fee is based on about 233,000 points if you only have resale coded contracts
233 x .58=$135.14

Developer coded account 258,000 points
258 x .6=$154.80

So you also pay more in program fees buying developer points. What some will do for status.