I have a Wyndham Pathways timeshare and in negotiations Saturday October 15, I was offered the ability to split my holdings with the option to sell one of the split properties to pay for the transaction. The newer part would be VIP Gold, a downturn from my current Platinum account. The new 500,000 points will not have the pathways option. However, Wyndham does have the Ovation program, which I am led to understand allows the timeshare owner to opt out of contract at no cost at all. Have not used this option so do not know if it actually works.
Have 10 days from 10/15/2016 to cancel this agreement. Need hard answers, otherwise I cancel.
The current agreement is my payment of 36,428 for the split. I sell back half of the split for 35,000, leaving me with a net cost of 1,428. I then hold a Gold timeshare with $180/mo maintenance as opposed to the $600/mo I currently hold 600 x 12 = $7,200/yr or $72,000 in 10 years. At the $180/mo, I pay $2,160/yr or $21,600 in 10 years.
Most likely, I will do ovation before that. If you go to Extra Holidays (
www.extraholidays.com), you can pick up a Wyndham timeshare (1 bedroom, 7 nights for 3 adults) for 134.71/night or $942.97 for the week. Hot vacation times will be higher, of course. I looked at booking for July at Ocean Boulevard in Myrtle Beach and got a rate of $357.57/night or $2,502.99 for the week for a two bedroom condo. Still a lot cheaper than my current Platinum maintenance fees.
