$25 Wyndham timeshare on eBay - Seller also giving $1,750 at closing - Good deal??

[Chicagoland]

OK, I am considering this Wyndham timeshare (Fairfield Glade - Wellington Place Condos in Tennessee) on eBay, especially because the seller is willing to basically give it away AND throw in $2,000 at closing. (it was $1,750, now he increased it to $2,000) :whoopie:

I want to find out thoughts from all of you Wyndham experts before moving forward.

http://www.ebay.com/itm/Deluxe-Wynd...LM%2BLA&otn=1&ps=63&clkid=4195080673088219726

The seller does not have any points listed. I always thought Wyndam properties had their points. Can anyone claify this?

Is this a pretty good deal?? Thoughts on it?

I am just not familiar with this Wyndham location...

 

[kaio]

This is a fixed week at fairfield glade. Not points. You can get these ownerships for free almost anywhere... they aren't worth anything.

on a second note.. if they are throwing $1750 to a closing company of your choice. Find a cheap closing company, and have them send the remaining amount towards your MFs... then that is a slight kicker.

 

[Sloane S]

OK, I am considering this Wyndham timeshare (Wellington Place Condos in Tennessee) on eBay, especially because the seller is willing to basically give it away AND throw in $1,750 at closing. :whoopie:

I want to find out thoughts from all of you Wyndham experts before moving forward.

http://www.ebay.com/itm/Deluxe-Wynd...LM%2BLA&otn=1&ps=63&clkid=4195080673088219726

The seller does not have any points listed. I always thought Wyndam properties had their points. Can anyone claify this?

Is this a pretty good deal?? Thoughts on it?

I'm no Wyndham experts, but there are also fixed weeks in the system.

DOh - a second too slow. Yes, it's a fixed week 23.

 

[DeniseM]

Not all Wyndham Resorts not have points upon resale.

 

[Chicagoland]

The $1750 makes a nice bonus

This is a fixed week at fairfield glade. Not points. You can get these ownerships for free almost anywhere... they aren't worth anything.

on a second note.. if they are throwing $1750 to a closing company of your choice. Find a cheap closing company, and have them send the remaining amount towards your MFs... then that is a slight kicker.

Thanks for the input so far everyone.

This is what I was thinking. Even if it is a fixed week, the $1750 is a nice bonus to pay for future maintenance fees, etc. It also states that they have two weeks in their account right now. I am guessing that these can be banked for the buyer?

It looks like maintenance fees are pretty low too for a two bedroom - $556. Does this property trade OK with RCI?

Tempting...

 

[presley]

Thanks for the input so far everyone.

This is what I was thinking. Even if it is a fixed week, the $1750 is a nice bonus to pay for future maintenance fees, etc. It also states that they have two weeks in their account right now. I am guessing that these can be banked for the buyer?

It looks like maintenance fees are pretty low too for a two bedroom - $556. Does this property trade OK with RCI?

Tempting...

Send those questions to the seller. I haven't ever heard that RCI banked weeks could be transferred to a buyer, but that doesn't mean that it can't happen. Ask the seller and make sure that you keep the email responses.

 

[DeniseM]

Thanks for the input so far everyone.

This is what I was thinking. Even if it is a fixed week, the $1750 is a nice bonus to pay for future maintenance fees, etc. It also states that they have two weeks in their account right now. I am guessing that these can be banked for the buyer?

It looks like maintenance fees are pretty low too for a two bedroom - $556. Does this property trade OK with RCI?

Tempting...

His Ad talks about RCI points - you need to find out how many points it gets.

 

[rapmarks]

you can transfer banked weeks, the cost is about $98. I don't know anything about RCI points.

 

[kaio]

His Ad talks about RCI points - you need to find out how many points it gets.

I don't see anything mentioned in the auction regarding "points"... ? I believe by the RCI references in auction, seller is stating that additionally, he has 2 RCI banked weeks he is willing to transfer.... which is possible for a fee (which per ad.. buyers responsible for the fee.... I think it is somewhere around $80-$100... dont quote me tho).

Edit: Looks like rapmarks beat me to that one... I do like that the seller is donating 100% of sale price... (not that it will be much if anything, but nice gesture)

 

[Chicagoland]

banked weeks transfer fee

I don't see anything mentioned in the auction regarding "points"... ? I believe by the RCI references in auction, seller is stating that additionally, he has 2 RCI banked weeks he is willing to transfer.... which is possible for a fee (which per ad.. buyers responsible for the fee.... I think it is somewhere around $80-$100... dont quote me tho).

Edit: Looks like rapmarks beat me to that one... I do like that the seller is donating 100% of sale price... (not that it will be much if anything, but nice gesture)

I guess the $98 can come out of the $1,750 the seller is going to give at closing so really it still won't cost anything.

I emailed the seller - this is a fixed week - no Wyndham points and no RCI points. They buyer, of course, can do a weeks trade with RCI. To unload this timeshare. he is giving a full $1,750 to the title company which is for the buyer. After closing fees, etc any of the money that is left over still goes to the buyer.

If closing fees are $400, banked weeks transfer is $98, resort transfer fee is $300 - this would add up to around $800, which would still leave close to $1000 going back to the buyer after it closes.

 

[ronparise]

Ok, now he has relisted this thing..with a $2250 bonus

 

[gnorth16]

What kind of TPU's does it pull in RCI?

MAX 16 TPU if it sleeps 8, 14 if it sleeps 6.

If it sounds too good to be true....

 

[ronparise]

I think that this is a regular 2 bd sleeps 6 not a lock off that sleeps 8. If thats the case..TPU=14

This could be converted to Wyndham 154k points for $2300 At the mf quoted, plus a program fee, it works out to about $4/1000 not too shabby

To good to be true......Im tempted to find out

 

[massvacationer]

I own a converted, prime, fixed week at Wellington Place......mine is a June week (week 24) that gets 154k Wyndham Points. And, yes, these prime converted fixed weeks have good, low maintenance fees per point ratio (in the low $4 range).....

This POA has had stable, low fees for many years. they did bump the fees up a bit last year, but this was to increase reserve funding. It is also a gold crown resort.

I think if you had several fixed weeks to convert (thus spreading that $2300 conversion fee over several weeks), this would be a great one to include for conversion. Or, since the seller is kicking in so much money, perhaps use that to convert it.

If you live within driving distance, it would also be a nice week for personal use. Great for Golfers.

It will not get great TPUs (15ish) , so will not be the best RCI-Weeks trader.

 

[rapmarks]

this is a nice resort. when we were still teaching, we used to go for spring breaks in hopes we coud golf the last week of March.

 

[ronparise]

Well somebody got it...someone here??

I asked the seller if he anticipated any more of these. He said no..this was the only one. I thought he might be a new PCC sharing their ill gotten gain with the buyer...but no, probably someone that tried to sell it then tried to give it away, then had to pay someone to take it.

Probably got the advice here on TUG

 

[kaio]

probably someone that tried to sell it then tried to give it away, then had to pay someone to take it.

Most Definitely... i've seen cheaper PCC's than what he is paying to get rid of it on ebay though... but at least this guy's gettin out of his timeshare for what it is worth to him!