Buying Resale

[GregAndMeg]

I have been reading through the forum and see discussion on upcoming changes, which might include differentiation between resale and developers. Also, I have noticed people talking about getting out. I was hoping someone could provide greater detail.

My family (mom, brother, and I) already own Wyndham points, but they aren’t necessarily enough for our individual families (now that children and grandchildren are in the picture). My wife and I were talking about buying resale points and adding them to our family account. Our intent is to use them for our annual family vacations.

A few questions -

in reading the forums, it seems that if a resale contract is deposited in the account, it would receive the same VIP privledges as the other points. Is that correct?

Also, with respect to the aforementioned changes, is there anything on the horizon that should give us pause (given that we only use the points for vacations and the occasional friend weekend).

 

[kanerf]

After the changes, resale points will no longer be treated as VIP points, only the actual developer points that you own.

 

[GregAndMeg]

After the changes, resale points will no longer be treated as VIP points, only the actual developer points that you own.

I see, thus why all the resale discussion. I assume the change is retroactive.

Based on the above, does it make sense to just keep the purchased resale points in a separate account?

 

[GregAndMeg]

Sorry - forgot to ask, when does the change take effect. Should the timing of this impact our decision of when to buy (ie will there be more available for purchase).

 

[kanerf]

Sorry - forgot to ask, when does the change take effect. Should the timing of this impact our decision of when to buy (ie will there be more available for purchase).

Mid August.

 

[T-Dot-Traveller]

I see, thus why all the resale discussion. I assume the change is retroactive.

Based on the above, does it make sense to just keep the purchased resale points in a separate account?

Welcome to TUG
It may help to disclose if you are at a VIP level already.

Sorry - forgot to ask, when does the change take effect. Should the timing of this impact our decision of when to buy (ie will there be more available for purchase).

I have read in one of the threads that the separation of points buckets is scheduled for August.
@HitchHiker71 has post a lot of specific information on implementation details.

@cbyrne1174 has posted that it would take 74 years and she would be 105 years old before buying
from Wyndham to achieve VIP gold would financially work for her family.

I am not sure if your question of a seperate account for a new resale purchase has been discussed yet In a TUG Wyndham forum thread . there are likely pros and cons that can be provided to you by other TUG Members

There will likely be some increase in availability of resale contracts in the short term
as @rickandcindy23 has mentioned.

 

[paxsarah]

Based on the above, does it make sense to just keep the purchased resale points in a separate account?

It seems to me that putting them in the same account doesn’t really have a downside, but two fully separate accounts would. In separate accounts, if you wanted to make one large reservation that combined points, you couldn’t. If you find yourself not using all of your points in one year, you’d end up paying the points deposit fee twice. (Though you might still with a single account, depending on the timing. But you’re more likely to have to with two accounts.)

If you added resale contracts to an existing VIP account, you could still essentially operate as though they were two separate accounts if you wanted to. But you’d also have the flexibility of using the points together if the situation called for it.

 

[troy12n]

It seems to me that putting them in the same account doesn’t really have a downside, but two fully separate accounts would. In separate accounts, if you wanted to make one large reservation that combined points, you couldn’t. If you find yourself not using all of your points in one year, you’d end up paying the points deposit fee twice. (Though you might still with a single account, depending on the timing. But you’re more likely to have to with two accounts.)

If you added resale contracts to an existing VIP account, you could still essentially operate as though they were two separate accounts if you wanted to. But you’d also have the flexibility of using the points together if the situation called for it.

@paxsarah you may or may not know the answer to this question, and with all the changes about to happen, I have paused my search, but I thought I would ask. My wife's family lives in Maryland and every other year, we go visit them. We usually stay at NH or OTA because it's convenient to both her sister and her parents who live in the area. Every other year we do a week to 10 days for Christmas. We have to book outside of 60 days, usually farther out (I have already booked for this year) so VIP discount and VIP benefits attaching will not matter.

I am a Oct-Sept use year, everything deeded at NH. I was looking to pick up a bi-annual "odd year" contract at a low MF in the neighborhood of ~200k points just to cover this every other year need. But seemingly finding this type of contract is like trying to find a unicorn. I have seen verbiage that if you have an existing contract, Wyndham will try to align your contracts so they are the same, and both in one account. I would prefer to keep my use year as-is to be honest with you, and if I bought a resale, I would hope they would align it with my existing one.

What do you think the chances of this happening would be? Because finding any Oct-Sept contracts is difficult, not to mention a bi-annual, and then it's a 50/50 if I could find one that is "odd" year. I realize I could transfer points, but that has a cost.

The reservation for a 2BR Deluxe at OTA, which is where we usually book, is 203k. And since we would likely be consuming the entire contract with this one booking, RT and HK would not be a concern...

I may also bite the bullet and do PIC and just deposit the points into Wyndham every other year to accomplish the same thing, although likely at a higher cost. I was considering doing a PIC to get to Platinum anyway. But i'm re-thinking the economics of that.

 

[CO skier]

I am a Oct-Sept use year, everything deeded at NH. I was looking to pick up a bi-annual "odd year" contract at a low MF in the neighborhood of ~200k points just to cover this every other year need. But seemingly finding this type of contract is like trying to find a unicorn. I have seen verbiage that if you have an existing contract, Wyndham will try to align your contracts so they are the same, and both in one account. I would prefer to keep my use year as-is to be honest with you, and if I bought a resale, I would hope they would align it with my existing one.

What do you think the chances of this happening would be? Because finding any Oct-Sept contracts is difficult, not to mention a bi-annual, and then it's a 50/50 if I could find one that is "odd" year. I realize I could transfer points, but that has a cost.

There have been posts about existing non-January Use Years aligning with newly purchased January Use Year, so there is some risk. Even if a common January Use Year contract aligned with October, you might miss out on up to 12 months of points, depending on the combination timing. If the combine occurred in Nov. or Dec., you would not receive the January points until the following October.

There is an annual 105,000 CWA contract for sale in the TUG marketplace with the seller paying closing and transfer costs that looks like it has an October Use Year. Every even year you pay $39 to Points Deposit what you need for the odd year. $39 every other year seems like a bargain to get exactly what you are looking for.

 

[troy12n]

There have been posts about existing non-January Use Years aligning with newly purchased January Use Year, so there is some risk. Even if a common January Use Year contract aligned with October, you might miss out on up to 12 months of points, depending on the combination timing. If the combine occurred in Nov. or Dec., you would not receive the January points until the following October.

There is an annual 105,000 CWA contract for sale in the TUG marketplace with the seller paying closing and transfer costs that looks like it has an October Use Year. Every even year you pay $39 to Points Deposit what you need for the odd year. $39 every other year seems like a bargain to get exactly what you are looking for.

If that was a 200k+ contract, I would probably buy it right now. I just wish there was more of a clear cut guidance on what happens in these situations. I don't want to run into a situation where either my existing contract gets re-alligned or the worst case scenario they put it into a completely separate account where I could not use all my points for an individual reservation. I could deal with an even year contract, if it aligned. Having to pay the $39 would be a nuisance I could deal with

 

[rickandcindy23]

I see, thus why all the resale discussion. I assume the change is retroactive.

Based on the above, does it make sense to just keep the purchased resale points in a separate account?

Wyndham will keep the points separate. I already see separation of resale and our Founder's VIP in my accounts and have seen that for well over a year already. So they will be separate automatically.

I do recommend on a resale to add one adult from each household to every contract you purchase, so you don't have to purchase guest certificates for your kids. That is important. Now the grandkids, that will require a guest certificate, when it comes time for them to travel without their parents. It's very important to save you big bucks in the future. We have five names on every contract, and so our kids can all travel on our contracts, and they even have the ability to exchange through RCI because their names are on our account. I cannot stress this enough. It's a great benefit for us.

 

[rickandcindy23]

Welcome to TUG
It may help to disclose if you are at a VIP level already.


I have read in one of the threads that the separation of points buckets is scheduled for August.
@HitchHiker71 has post a lot of specific information on implementation details.

@cbyrne1174 has posted that it would take 74 years and she would be 105 years old before buying
from Wyndham to achieve VIP gold would financially work for her family.

I am not sure if your question of a seperate account for a new resale purchase has been discussed yet In a TUG Wyndham forum thread . there are likely pros and cons that can be provided to you by other TUG Members

There will likely be some increase in availability of resale contracts in the short term
as @rickandcindy23 has mentioned.

Yep. I will have some to sell. Probably some big ones because I would combine Kingsgate and Smoky Mountains and Fairfield Bay contracts into one big one. So all Kingsgate, all Smoky Mountains, all Fairfield Bay. I think we own some GD but we can use Ovations for that.

 

[CO skier]

If that was a 200k+ contract, I would probably buy it right now. I just wish there was more of a clear cut guidance on what happens in these situations. I don't want to run into a situation where either my existing contract gets re-alligned or the worst case scenario they put it into a completely separate account where I could not use all my points for an individual reservation. I could deal with an even year contract, if it aligned. Having to pay the $39 would be a nuisance I could deal with

Depositing the 105,000 points for $39 every even year would give you 210,000 points to use every odd year, and it would get you to exactly the same place as owning a 210,000 even year contract and depositing 210,000 points for $39 every even year.

 

[HitchHiker71]

FWIW in my limited experience - if an account is realigned - it’s generally to the calendar year by default. I originally had the same use year that you do - Oct-Sept - when I acquired my NH resale contract - which was Jan-Dec - calendar year - my entire account was realigned to Jan-Dec.


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[troy12n]

Depositing the 105,000 points for $39 every even year would give you 210,000 points to use every odd year, and it would get you to exactly the same place as owning a 210,000 even year contract and depositing 210,000 points for $39 every even year.

Thank you, it didn't occur to me that I could deposit up to 2 years in advance. I just would not be able to leverage it for 2 or 3 years. Which would be ok I think because I have a glut of points I deposited into next year from 2020 and I dumped 250k from this year into 2023. I will consider that.

 

[dgalati]

If that was a 200k+ contract, I would probably buy it right now. I just wish there was more of a clear cut guidance on what happens in these situations. I don't want to run into a situation where either my existing contract gets re-alligned or the worst case scenario they put it into a completely separate account where I could not use all my points for an individual reservation. I could deal with an even year contract, if it aligned. Having to pay the $39 would be a nuisance I could deal with

You ownership will align to a Jan use year if buying a Jan use year. No proration on points aligned also.