Buying fixed converted week at fairfield bay resale

[bogeygolf]

Is there any downside to buying a fixed converted week at fairfield bay AR resale? I'm considering buying mainly b/c of points and low mf. Don't care about ARP at this resort.

 

[acesneights]

As opposed to?

Only downside is total loss of your "investment" and paying MF indefinitely.

Stan

 

[bogeygolf]

As opposed to?

Only downside is total loss of your "investment" and paying MF indefinitely.

Stan

As opposed to buying UDI deed with same amount of points.

 

[Jya-Ning]

As opposed to buying UDI deed with same amount of points.

You already know the ARP. You know the MF, so look like it is good week and big unit, so should not be too much issue. The only thing you need to figure out is if that resort have enough reservation so you don't get hit by SA. Unfortuantely, you need to talk to management team or owners that serve in the board.

Consider it is Bay, I will guess the labor cost may not be skyrock expensive, so the fee should be able to keep in check.

Jya-Ning

 

[lprstn]

I personally would only purchase a converted week at a resort and week that I value and would want to use at least 25% of the time, why? because the benefit of a converted week is that you can use your week or decide to use the points. The negative is (don't shoot the messenger) if you ever want to "upgrade" to VIP/VIP GOLD or Platinum Wyndam will not be able to roll your deeded converted week into a new equity traded deed.

So if I were to purchase a converted week I would want it to be July 4th week in Myrtle Beach, or Daytona 500 week in Daytona so that if I didn't want to use my points, I'd get that valuable week to use or rent out for a profit and wouldn't have to compete with other Wyndam owners to have it.

 

[GrayFal]

I personally would only purchase a converted week at a resort and week that I value and would want to use at least 25% of the time, why? because the benefit of a converted week is that you can use your week or decide to use the points. The negative is (don't shoot the messenger) if you ever want to "upgrade" to VIP/VIP GOLD or Platinum Wyndam will not be able to roll your deeded converted week into a new equity traded deed.

So if I were to purchase a converted week I would want it to be July 4th week in Myrtle Beach, or Daytona 500 week in Daytona so that if I didn't want to use my points, I'd get that valuable week to use or rent out for a profit and wouldn't have to compete with other Wyndam owners to have it.

I didn't know that!
Interesting.....

 

[lprstn]

I didn't know that!
Interesting.....

Yeah another experience TSing friend who purchased a resale converted week did so for that very reason and uses his week at least every other year and uses the points every other year. He says its the best of both worlds and he keeps his high value holiday week and gets FSP points to boot.

 

[bogeygolf]

Yeah another experience TSing friend who purchased a resale converted week did so for that very reason and uses his week at least every other year and uses the points every other year. He says its the best of both worlds and he keeps his high value holiday week and gets FSP points to boot.

If you reserve your fixed converted week at your home resort instead of using FF points, can you later deposit your reserved fixed week(instead of points) to RCI for better trade value? I understand FF points deposited in RCI has marginal trade value. If so, how would a red week at Fairfield Bay trade in RCI? Say I want to trade for HHI or myrtle beach in summer?

 

[lprstn]

Him, asked friend and he said he never did that, he actually preferred to dump a 28K or 70K week into RCI for all his trades. He and I were able to trade 28K / 70K weeks for Hawaii (especially when checking TUG for bulk deposits) and banking the week 1 or more years in advance for our searches. Therefore, to answer your question...I don't know, and you should not have any problem getting what you want by banking a 70K week and conducting an ongoing search at least 1 year in advance. Also, Wyndam owners generally have 1st priority on Wyndam resorts so you could easily end up with one of the many Wyndam Hawaii resorts as I did (He traded for another Hawaii Resort outside of Wyndam). Just make sure that your converted week is somewhere you would want to go, at the week that its for.

 

[Jya-Ning]

The negative is (don't shoot the messenger) if you ever want to "upgrade" to VIP/VIP GOLD or Platinum Wyndam will not be able to roll your deeded converted week into a new equity traded deed.

That is not true. You just accident hear some salesman talk. I read at least 2 posts about roll all this in every year. It usally cost a little bit more based on posters. On the other hand, I also know the UDI owner roll their points in and based on their figure, it seems to me it cost a little bit more.

The major benefit for converted week is its MF per point. If you like the week, buy fixed week is more cheaper, and better flexible. It does not has the insulance as point owner though.

You probably will not be able to deposit the week to RCI since Wyndham is now trying to tied their deposit policy. On the other hand, if you go directly with RCI, it may get slipped.

Jya-Ning

 

[Jya-Ning]

think through, to do an equity transfer means you will need to buy from developers. Without several milillion points at hand, it does not help in reducing the MF. And to depend on the possible sale person doing equity transfer so you can get VIP? There are other method that is more reliable than this. So why even bother?

Just make sure the underline week is a prime week and bigger enough unit.

Jya-Ning

 

[bnoble]

because the benefit of a converted week is that you can use your week or decide to use the points.

I don't view this as an advantage of a converted fixed week vs. an equal amount of UDI points. The UDI points would let you reserve *any* week at that resort during ARP, and so are more flexible.

I'm with Jya-Ning. The advantage of a converted fixed week is that they *can* have some of the lowest $/K ratios in the system. They can also have some of the worst. The best ones are prime season, large units.

As far as I am aware, you cannot currently ARP your converted week into RCI. But, you cannot ARP into RCI with UDI either, so this is not a comparison point between the two.

One other difference: converted weeks pay MFs the year in advance. UDI owners pay MFs during the use year. So, UDI owners have a slight advantage there.

Tom Cornelius has written an excellent one-pager that describes the differences. I think you can find it at the Wyndham owners' forum: forums.atozed.com

While I'm sure you were told that a converted week couldn't be rolled up, I'm not sure that that's a universal truth. After all, no resale can be rolled up, officially, but a handful of sales offices do.

 

[NJCOBRA10tha]

Actually it is pretty much true. I am a VIP owner that bought a fixed week and it is rather difficult to roll it into a larger package and I have been repeatedly told that not only do my fixed weeks points not count to the next level of VIP but my other points no longer count as well. I have a total of 310,000 points and am permanent VIP and temporary gold but to maintain gold I would need to buy 500,000 more points.

Now I did recently speak to a manager in Williamsburg who put together a package offer to bump me to permanent VIP gold for 210,000 more points rolling my 2 alternate year and fixed week into 1 deed but I just can't swing that now and will seriously have to consider if it's worth it for me.

I am currently in MB, SC but if you want more information PM me and I will get back to you next week when I return.

Dan

That is not true. You just accident hear some salesman talk. I read at least 2 posts about roll all this in every year. It usally cost a little bit more based on posters. On the other hand, I also know the UDI owner roll their points in and based on their figure, it seems to me it cost a little bit more.

The major benefit for converted week is its MF per point. If you like the week, buy fixed week is more cheaper, and better flexible. It does not has the insulance as point owner though.

You probably will not be able to deposit the week to RCI since Wyndham is now trying to tied their deposit policy. On the other hand, if you go directly with RCI, it may get slipped.

Jya-Ning

 

[bnoble]

Let's be clear:

Officially, you can never use resale points, of any form (UDI or converted) toward VIP in any way.

Unofficially, some sales staff in some sales offices will try to find ways to do what you want them to do, provided you are making a large-enough new purchase along the way. This could include rolling up a UDI deed, or it could include an equity transfer of a converted fixed week.

Such a roll-up might qualify you for VIP. Wyndham might later take it back if they ever manage to track the transaction---even if it is in your contract, because the contract refers to the directory, and the directory says VIP can change at any time.

 

[Jya-Ning]

Actually it is pretty much true. I am a VIP owner that bought a fixed week and it is rather difficult to roll it into a larger package and I have been repeatedly told that not only do my fixed weeks points not count to the next level of VIP but my other points no longer count as well. I have a total of 310,000 points and am permanent VIP and temporary gold but to maintain gold I would need to buy 500,000 more points.

That is pure sale's talk. Keep your current directory. You only need 190,000 more points to get gold.

Now I did recently speak to a manager in Williamsburg who put together a package offer to bump me to permanent VIP gold for 210,000 more points rolling my 2 alternate year and fixed week into 1 deed but I just can't swing that now and will seriously have to consider if it's worth it for me.

Dan:
You just give us an example of fix week roll up.

If you have converted fix week that your parent bought from Wyndham and give to you, it is count as any VIP program. If you have week before Wyndham purchase the resort, and you convert it through Wyndham, it is count toward any VIP level.

Don't see too much roll up in any of the cases.

If you have resale converted week, just like you purchase resale UDI points, it should not count toward any VIP level. And the corp. rule should be no roll up in either cases.

Of course, everywhere I read, it is O.K. to roll up by a saleman. UDI is much easy to do that, converted week is harder. And I also read people get the status roll back after purchase. And from time to time, they also give VIP to resale. than later on they strip it out. since 2003, all saleman says is the corp will not allow, and then they say there is a way to beat computer and wash your status, than they say the corp now fix the bug, and then they say it is all possible. No, it just a way to nail the sales, and if thy don't have to go that, the will not offer.

Very doubtful if it worth all the trouble.

If you use it mainly through RCI exchange, and if you get Hawaii constantly by 28k, basic VIP is 300k, it means you get 10 week vacation, Wyndham VIP is useless in RCI trading. And Wyndham upgrade and point discount can not beat that 28k deposit. Of course, you can not get that all the time, just like you will not get that VIP discount all the time unless you are really flexible.

IMHO, roll up may make sense if 1. you really really want that president club. 2. you have a very high MF/point ratio converted week, 3. you have over 4 million points and roll over to new resort only cost you less than 200k purchase. And the new resort's MF is $1 or 2 less than you currently own per 1K in MF.

Otherwise, it is better owns deeds from different resorts. IMHO
1. you get ARP rights on all the resorts you own, as long as you have enough points in that resort to reserve the time/unit you want. 2. you reduce your chance of getting hit by SA in any one year, or dramastic MF increase in any one year, in the long run, you still will going to pay similar MF increasing ratio, just a little bit more smooth ride.

Don't try to buy resale and in the hope that you wll get some saleman that sell you x number of points to become VIP or next VIP level. You buy when you know you can use the point and you decide if you ca enjoy them.

There are always other ways more acceptable by the corp to make VIP than try to rely on a saleman try to tell you same way to beat the corp like he isyour friend and it worth his job to help you out.

If you own enough points, you will be supprise how many salesman know a trick or 2 to help you become VIP with all your resale points.

Jya-Ning

 

[acesneights]

Why would you ever take FSP points for a prime week like July 4th at MB, you get the same number of FSP for an early June or late September?

WYN never deposits Bright Red weeks into RCI, they use the lightest Pink weeks in the system.

People complain about getting a 56K light pink week at PP for their 70K RCI deposit.

Better to buy a small UDI contract and rent the rest of the points you need.

You won't get a converted July 4th week at 0.5 cents a point.

A converted week won't sell for less than it would if it were not converted.

If you do find a really great converted week for next to nothing, you should buy it. However, it seems likely that 10 or 15 years into fixed week conversions that all of the decent fixed weeks have been converted. There are few unconverted Red weeks left. There are people who make a living buying and converting fixed weeks. The market is very efficient.

Stan