Co-ownership of resale with family

[love2travel123]

This may be a bit obscure, but my sister is thinking of buying into Wyndham and I am steering her towards resale. I was foolish enough to buy 2 TS's retail and with my PIC qualified for permanent silver VIP.

My question is if my sister and I purchase a resale together, will she qualify for my VIP status? This will only be an issue if we purchase enough points to use the discount benefit. I trust her impicitly to only use the points that she will be alloted per our agreement.

I may be overthinking this, but she needs to maximize her points as she is just starting out.

Thanks in advance for any advice

Shelly

 

[Ty1on]

retracted...

 

[vacationhopeful]

Yes ... at this time. Put your name first on the deed. And provide your member number to the closing company.

Your RTs are limited (as a silver VIP) ... so remember, every 77K in points gets you another RT. And RT is good for the entire calendar day. Planning is key to NOT paying for RTs.

Figure out what her points needs might be in the future ... to save both deeding costs and to maximize RTs. At $299 per deed transfer costs... I would look either for a 154K or a 231K (or more if she needs 2 bedrooms or the more expensive/newer resorts).

 

[love2travel123]

Yes ... at this time. Put your name first on the deed. And provide your member number to the closing company.

Your RTs are limited (as a silver VIP) ... so remember, every 77K in points gets you another RT. And RT is good for the entire calendar day. Planning is key to NOT paying for RTs.

Figure out what her points needs might be in the future ... to save both deeding costs and to maximize RTs. At $299 per deed transfer costs... I would look either for a 154K or a 231K (or more if she needs 2 bedrooms or the more expensive/newer resorts).

Thanks so much Linda!! The place she is looking at is a fixed week at Bali Hai. It's every other year, but since its for her personal use she is more comfortable with the EOY M/F. It may take a bit more work for keeping it all figured out but she is happy.

Shelly

 

[Ty1on]

Thanks so much Linda!! The place she is looking at is a fixed week at Bali Hai. It's every other year, but since its for her personal use she is more comfortable with the EOY M/F. It may take a bit more work for keeping it all figured out but she is happy.

Shelly

Is it a Fixed Week points conversion, or a straight fixed week? I don't know what VIP benefits you would get for a fixed week....

 

[raygo123]

I don't think that ARP would apply either asbin no form does Wyndham recognize resale for ARP. Ty1on makes a good point. If it is a week and not points I would not buy it. If you could combine, you would have to covert to points and is probably more than the cost of the resale.

I have tried to use resale points to book ARP with no luck, only your home resort.

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[love2travel123]

Is it a Fixed Week points conversion, or a straight fixed week? I don't know what VIP benefits you would get for a fixed week....

Good point. I think it will help avoid the housekeeping credits, but I think that is all. It's a starting point for her & she will probably add another property that may be points based. VIP may come into play then.

Another question I have is that the points needed to reserve some locations seem to have changed. I see properties for sale at locations that the points included will not cover any week stay there. I asked a VC on the phone & was told that when you purchase points they don't always correlate with that resorts points chart. Is that just another way of raising the points needed to stay at a resort so people will need to continuously purchase more properties?

 

[Ty1on]

I have tried to use resale points to book ARP with no luck, only your home resort.

To be clear, standard Club Points have ARP in home resort only, whether they are retail or resale. Myrtle Beach is an exception to this, since those reports have ARP reciprocity with other MB Wyndham resorts.

CWA Points have ARP in any CWA resort, up to the number of points CWA owns that are attached to that resort, whether they are retail or resale.

 

[Ty1on]

Good point. I think it will help avoid the housekeeping credits, but I think that is all. It's a starting point for her & she will probably add another property that may be points based. VIP may come into play then.

There are no HK credits for fixed weeks, because you can't break up the week anyway.

 

[Ty1on]

Another question I have is that the points needed to reserve some locations seem to have changed. I see properties for sale at locations that the points included will not cover any week stay there. I asked a VC on the phone & was told that when you purchase points they don't always correlate with that resorts points chart. Is that just another way of raising the points needed to stay at a resort so people will need to continuously purchase more properties?

These seem to always be Fixed Week conversions. The UDI deeds I've seen carry a specific amount of points that represents the ability to book the week of the underlying deed.

 

[love2travel123]

I don't think that ARP would apply either asbin no form does Wyndham recognize resale for ARP. Ty1on makes a good point. If it is a week and not points I would not buy it. If you could combine, you would have to covert to points and is probably more than the cost of the resale.

I have tried to use resale points to book ARP with no luck, only your home resort.

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Raygo,

Wow, so much to learn!! I didn't realize Wyndham didn't allow ARP with resales. I usually have good luck booking there. But I have a point conversion there. Might be different with a fixed week.

If we get it for a good price I'm sure we can make it work.

Thanks for all the advice.

 

[Ty1on]

You shouldn't leave this thread with that understanding.

There is NO difference between retail and resale when it comes to ARP.

 

[raygo123]

Good Price? As one poster stated with a week its a good buy if u plan to go there at least 50% of the time, it Is a week. Another thing to check would be it's trading value with RCI.

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[scootr5]

There are no HK credits for fixed weeks, because you can't break up the week anyway.

That's not necessarily true. At Avenue Plaza you can split your week into a 4 night and a 3 night stay. No additional housekeeping charge.

 

[Ty1on]

That's not necessarily true. At Avenue Plaza you can split your week into a 4 night and a 3 night stay. No additional housekeeping charge c

Truth: I almost wrote "generally speaking" because I was sure there are a few exceptions.

 

[vacationhopeful]

Thanks so much Linda!! The place she is looking at is a fixed week at Bali Hai. It's every other year, but since its for her personal use she is more comfortable with the EOY M/F. It may take a bit more work for keeping it all figured out but she is happy.

Shelly

Shelly ... is this Bali Hai week already converted to Wyndham points?

If NOT in points already, the cost to convert is HIGHER than its value. And you would have to TRADE it thru RCI and pay exchange fees. If not in Wyndham points, your sister should NOT buy it.

Fixed weeks are NOT cheap to convert to points. Either you pay close to $3000 or BUY a bunch of retail points directly from Wyndham for around $20,000.

Look for a week either in UDI points or CWA Points. Then look at the cost of ALL MFs and divide the points to get the ratio of MFs to 1,000 points. Under $6 per 1K of points is decent. Over $6.50 per 1K of points,,,, do not buy it.. unless you NEED the ARP to book there (ie Royal Vista in the Winter).

 

[love2travel123]

Looks like I have more homework to do. I'm used to points so I will have to learn a new aspect. I think between the 2 of us we will use this week consistently. Its my hubby's favorite Wyndham resort.

We will probably purchase point conversions from here on out. That seems to be the easiest to work with. We like variety.

 

[love2travel123]

I think you guys really helped make my decision. I'm going to pass on the fixed week & look for a point conversion.

Thanks so much!!! You guys are brilliant

 

[vacationhopeful]

Right ... buying a straight Fixed Week will NOT add your sister to the points account. Putting it into your husband name gets you liable for the MFs .. not your sister.

If you are buying this from a broker ... get out of this deal by telling him you were confused and NEED a week already in Wyndham points. A broker wants a happy customer ... and telling him that you will be buying some MORE points after income tax time is truthful (no doubt)... and you would want to give your future business to someone who you "OWE" and is an honest business person who YOU can trust.

 

[MaryBella7]

I'm going to pass on the fixed week & look for a point conversion.

I wouldn't go for a conversion - go for UDI or CWA. I'd avoid Fixed Week altogether for your purposes.

 

[love2travel123]

Actually, it was on ebay and I hadn't bid on it yet so I am good.

What's the difference between a UDI and a conversion? I own a conversion at Patriot's Place (with an obscene M/F) and a UDI at Bali Hai (great M/F). They were both points when we purchased. I assumed a conversion was a fixed week someone paid to change to points.

 

[MaryBella7]

What's the difference between a UDI and a conversion? I own a conversion at Patriot's Place (with an obscene M/F) and a UDI at Bali Hai (great M/F). They were both points when we purchased. I assumed a conversion was a fixed week someone paid to change to points.

A converted fixed week has points that pretty much work the same as all of the others, but you can only use the ARP for the underlying fixed week, so if ARP interests you at all, you might want to avoid it. Also, if you get behind on your MF, I believe Wyndham converts it back to the Fixed Week.

UDI is strictly a points purchase - undivided interest (?) with no underlying week, so you can use ARP for any time you have enough points for at that resort. Also, no fixed week to convert back to.

 

[Ty1on]

Actually, it was on ebay and I hadn't bid on it yet so I am good.

What's the difference between a UDI and a conversion? I own a conversion at Patriot's Place (with an obscene M/F) and a UDI at Bali Hai (great M/F). They were both points when we purchased. I assumed a conversion was a fixed week someone paid to change to points.

Conversions are original fixed weeks that had points attached (at a cost). On a conversion, you pay the MF for your interval, irrespective of the number of converted points. UDI you pay a per-point MF. While I'm sure there are some conversions out there that calculate to good MF to point ratios, the worst ratios I've seen have been conversions. If you have an offseason interval that converted to 122K points, you may find that Joe has a prime season interval that converts to 217K, but you both pay the same MF dollar amount every year.

Obviously, the conversions that show up really cheap on ebay are the ones with the worst ratios.

 

[love2travel123]

Thanks so much Linda!! I definitely like the UDI concept. Still thinking about CWA. When the sales people introduced us to the idea this summer we assumed they just wanted to sell another proprty. It bears looking into on the resale market though. I will get a handle on this eventually. So much to learn.

Thanks all!!!!

 

[Xcalibur]

Shelly ... is this Bali Hai week already converted to Wyndham points?

If NOT in points already, the cost to convert is HIGHER than its value. And you would have to TRADE it thru RCI and pay exchange fees. If not in Wyndham points, your sister should NOT buy it.

Fixed weeks are NOT cheap to convert to points. Either you pay close to $3000 or BUY a bunch of retail points directly from Wyndham for around $20,000.

Look for a week either in UDI points or CWA Points. Then look at the cost of ALL MFs and divide the points to get the ratio of MFs to 1,000 points. Under $6 per 1K of points is decent. Over $6.50 per 1K of points,,,, do not buy it.. unless you NEED the ARP to book there (ie Royal Vista in the Winter).

Maybe I'm missing something, but isn't paying 3k for a conversion a decent deal if it gets added to your VIP status/developer points? Buying a retail contract and PICing it seems to be more costly and risky with the changing rules of pic....