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Are Wyndham Resale Point Deeds' Prices Going Up?

jebloomquist

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I spend way too much time looking at eBay Wyndham auctions. What I seem to be seeing over the last 3 to 6 months is an increase in the final bid for Wyndham points deeds. I was interested in one that ended yesterday for 210k biennial points. A year ago it would have gone for under $1,000. The final bid yesterday was $2,700.

Is this just something that I am seeing? Are these prices a leading indicator of where our economy is going? Is this a time to buy the deed at whatever the cost is, of course as long as it is below the retail price?:bawl:
 

siesta

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They are going up it seems. Looking at completed auctions, besides the hawaii properties even some other properties that would have sold for a dollar a few years ago are going for a few hundred dollars.

2 years ago you could have gotten an annual bonnet creek, for a few hundred bucks plus closing. i just saw a biennial 210k go for $1175 !
 

alexadeparis

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I agree that these seem to be going for higher prices now. I have been monitoring them, because I am on the fence on whether to add more points or not.

I think the price is being skewed because it is the beginning of the year and some are including use for the year in that price, or it may just be the fact that people want to buy now so that they still have time to use the points by the end of the year (allowing for the time it takes to get transferred to them).
 

rrlongwell

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I agree that these seem to be going for higher prices now. I have been monitoring them, because I am on the fence on whether to add more points or not.

I think the price is being skewed because it is the beginning of the year and some are including use for the year in that price, or it may just be the fact that people want to buy now so that they still have time to use the points by the end of the year (allowing for the time it takes to get transferred to them).

No one knows what tomorrow may bring. If the travel industry is recoverinig, then I assume prices for the better resorts will rise at a decent clip. If you want in, sometimes waiting for the bottom does not work because the prices start going up, sometimes very rapidly. As far as I can tell the bulk of the E-Bay timeshares are handled by a realitive small group of re-sellers. If they deceide it is time to join up and raise asking price because the re-sale market is firming up, then the train just left the station.
 

jebloomquist

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As far as I can tell the bulk of the E-Bay timeshares are handled by a realitive small group of re-sellers. If they deceide it is time to join up and raise asking price because the re-sale market is firming up, then the train just left the station.

Yes, the sellers could raise the starting price. But, what I am seeing is that the buyers are willing to spend more.

In the auction that I mentioned that went to $2,700, I put a bid in at $10. I was hoping that it would go no higher than $600, my limit for that auction. Many buyers bid right past that. It seemed that there was a competition between several buyer right up to the end of the auction. If the auction had gone on for another hour, the bid might have gone to $3,000.

Do I need to set my target maximum bid price at a higher level if I don't want to miss the train?
 

siesta

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Yes, the sellers could raise the starting price. But, what I am seeing is that the buyers are willing to spend more.

In the auction that I mentioned that went to $2,700, I put a bid in at $10. I was hoping that it would go no higher than $600, my limit for that auction. Many buyers bid right past that. It seemed that there was a competition between several buyer right up to the end of the auction. If the auction had gone on for another hour, the bid might have gone to $3,000.

Do I need to set my target maximum bid price at a higher level if I don't want to miss the train?
what you need to keep in perspective, is that the resorts going for top dollar are the hawaii resorts and bonnet creek. I would argue not because people need ARP at these locations or that the mf to points ratio is that compelling, but the fact that they are ignorant to the system as a whole and feel that they must own in hawaii or bonnet creek to go there, or that they want to own at the "nicer" properties in the system. Little do they know points are points.
 

bnoble

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Folks, it's spring, when man's heart turns to the idea of vacationing. We see a bump around this time of year most years. It hasn't happened (or at least has been less pronounced) for the past several years thanks to the depressed travel market, but travel has been rebounding nicely for the last little while.

Will it carry forward? Only one way to know for sure.
 

rrlongwell

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Yes, the sellers could raise the starting price. But, what I am seeing is that the buyers are willing to spend more.

In the auction that I mentioned that went to $2,700, I put a bid in at $10. I was hoping that it would go no higher than $600, my limit for that auction. Many buyers bid right past that. It seemed that there was a competition between several buyer right up to the end of the auction. If the auction had gone on for another hour, the bid might have gone to $3,000.

Do I need to set my target maximum bid price at a higher level if I don't want to miss the train?

If you do not want to risk losing a bid, as of now, there are a couple of buy it now offers on E-Bay for Bonnet Creek. Both were under $1,000. That is not a real significant price in the way of the world.
 

am1

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If this is true I could be on my way to being a rich man. Sadly, I doubt it.
 

massvacationer

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I also see the big Ebay sellers requiring buyers to pay the whole closing and transfer fee cost.....during 2010 and 2011 it was common for sellers to pay these
 

ronparise

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I also see the big Ebay sellers requiring buyers to pay the whole closing and transfer fee cost.....during 2010 and 2011 it was common for sellers to pay these

I see ebay prices going up too..I was recently out bid on a 600 point contract, and an auction for little biennial contract just blew past my top price and there is a day to go

The prices are still cheap its just that Im cheaper...im going to have to open up my wallet a little more, if I want more points this year
 

massvacationer

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I see ebay prices going up too..I was recently out bid on a 600 point contract, and an auction for little biennial contract just blew past my top price and there is a day to go

Over the last couple of years, as prices have really bottomed out, I couldn't help but think that the "intrinsic value" of most Wyndham points contracts is higher than what they were/are selling for on eBay.

They are certainly worth less than the retail prices, but the resale prices seemed lower than their true value.

I mean, I use my resale points to stay at really nice condos for less than $100 per night. The condos typically rent for more than my maintenance-fee cost. Crappy motels go for more $. And, I think the Wyndham points product is really flexible. To me, my points have real value, certainly more than the few hundred dollars that they recently have been selling for on eBay.

As the economy improves, it makes sense to me, that the prices should rise a little.
 

ronparise

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Over the last couple of years, as prices have really bottomed out, I couldn't help but think that the "intrinsic value" of most Wyndham points contracts is higher than what they were/are selling for on eBay.

They are certainly worth less than the retail prices, but the resale prices seemed lower than their true value.

I mean, I use my resale points to stay at really nice condos for less than $100 per night. The condos typically rent for more than my maintenance-fee cost. Crappy motels go for more $. And, I think the Wyndham points product is really flexible. To me, my points have real value, certainly more than the few hundred dollars that they recently have been selling for on eBay.

As the economy improves, it makes sense to me, that the prices should rise a little.

As folks here never get tired of saying "the value of a timeshare is in its use" I however cant get past comparing what Im spending per night, with what it would cost in a hotel or a by owner vacation condo rental. At current prices my Wyndham timshare stuff wins, but if resale prices go much higher and I spread the cost over several years, then maybe not...If for example I have to pay $3500 for enough points to reserve a week that adds $$700 per year to my weeks vacation for the next 5 years...so now maintenance fees are $100 a night and my cost recovery is $100 a night.....$200 is more than I want to spend for even the nicest accommodations. and more than I have to spend if I rent from Wyndham or another Wyndham owner
 

djohn75087

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ebay made me think of this thread

There is a Wyndham timeshare on sale on ebay, 182k Pegosa Springs with 2012 mfs paid. With one day left the bid is up to $2700! I bought the exact same timeshare last summer (with the same MFs) for $300 plus closing cost and resort transfer and mine had 130k pooled pts. I never knew I was sitting on a gold mine! Glad a got in while the getting was cheap. Why Pagosa? By the way, when the seller quoted the MFs he left out the program fee.
 
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Ridewithme38

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I see ebay prices going up too..I was recently out bid on a 600 point contract, and an auction for little biennial contract just blew past my top price and there is a day to go

The prices are still cheap its just that Im cheaper...im going to have to open up my wallet a little more, if I want more points this year

600 point contract? What is that like $4 a year?
 
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JimMIA

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Do I need to set my target maximum bid price at a higher level if I don't want to miss the train?
For eBay timeshare options, I think there are several key strategies:
  • Establish a maximum price YOU are willing to pay for that contract, and stick to it. If others outbid you, it was either worth more to them, or they got caught up in the fever of the auction...probably the latter.
  • Set up an automatic bid that takes you to your top price and submit it in the last mintue or so of the auction if the price is still within your range. Contested auctions are determined in the last few seconds by automatic bid -- you won't have time to respond manually.
  • Be aware of BUY-IT-NOW offers. Great deals are often out there with several days to go before the end of the auction. When I bought GSM, I got it for less than half of the going auction price with a Buy-It-Now.
 
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ronparise

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Do I need to set my target maximum bid price at a higher level if I don't want to miss the train?

I think yes, but I also think you have to be selective with what you buy.

My general rule is the purchase price (bid plus closing costs plus transfer fee) ought to be no more than a years mf. Although there are certain contracts that I want for ARP or that have low mf, that I would pay more for.

Also if you are willing stick to a maximum bid price Id use a sniping service instead of tipping your hand, by bidding early on ebay
 
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GuitarKidd

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There is a Wyndham timeshare on sale on ebay, 182k Pegosa Springs with 2012 mfs paid. With one day left the bid is up to $2700! I bought the exact same timeshare last summer (with the same MFs) for $300 plus closing cost and resort transfer and mine had 130k pooled pts. I never knew I was sitting on a gold mine! Glad a got in while the getting was cheap. Why Pagosa? By the way, when the seller quoted the MFs he left out the program fee.

Any chance the hotel is buying these up and then reselling them to prospects that come in as new timeshares. If they buy it at $2700.00 and then resell it at new... they are making some big profit on it.

Being new to this however, I don't know if that is allowed or what.. just speculating
 

ronparise

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Any chance the hotel is buying these up and then reselling them to prospects that come in as new timeshares. If they buy it at $2700.00 and then resell it at new... they are making some big profit on it.

Being new to this however, I don't know if that is allowed or what.. just speculating

It is allowed but I dont think Wyndham is doing it...
 

Ridewithme38

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Any chance the hotel is buying these up and then reselling them to prospects that come in as new timeshares. If they buy it at $2700.00 and then resell it at new... they are making some big profit on it.

Being new to this however, I don't know if that is allowed or what.. just speculating

You know, i did get a phone call from some one at wyndham yesterday asking if 'i was trying to sell my week' or atleast they 'SAID' they were from Wyndham (Phone Number 407-494-3592) I was in a sour mood so i just told them that i wasn't selling and hung up on them....but maybe i should have waited for an offer?
 

rrlongwell

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You know, i did get a phone call from some one at wyndham yesterday asking if 'i was trying to sell my week' or atleast they 'SAID' they were from Wyndham (Phone Number 407-494-3592) I was in a sour mood so i just told them that i wasn't selling and hung up on them....but maybe i should have waited for an offer?

Do not know. It is my understanding that Patriot's Place is one of the Wyndham Resorts that an agreement to take back the POA's units to sell into the Club Wyndham Access Program. I also understand that similar agreements are in place at Govenors Green and Kingsgate.

Update: (407) 494-3592 is a Mobile Phone is what comes up on a Whitepages reverse phone look-up.
 
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Ridewithme38

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Do not know. It is my understanding that Patriot's Place is one of the Wyndham Resorts that an agreement to take back the POA's units to sell into the Club Wyndham Access Program. I also understand that similar agreements are in place at Govenors Green and Kingsgate.

Maybe i should call the guy back? Heck i paid Nothing for this unit AND got that years usage free...If i can make a buck off of it...
 
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