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Converting Massanutten Ownership Into Club Wyndham System

Alan

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My wife and I have owned a deeded, floating, annual week, 4 BR lockout unit (2 BRs up, 2 BRs down) at Summit at Massanutten for 25 years under the "weeks system." We sat through a presentation at a Wyndham resort and were informed of major changes coming with RCI and the cost of exchanging through RCI (increased fees up to $1,600/exchange instead of $200-300 exchange fee or so) beginning in December. To avoid the negative changes, we were encouraged to buy into the Wyndham point system which would translate our banked Massanutten ownerhip into 308k points/yr plus an additional 126k points/yr for $21k (one time bonus points of 174k and 150k reward points are also included). In addition to enhancing our options for enjoying vacations, I hope to not stick my adult kids with an unwanted timeshare in the event of our passing and to enjoy the annual selling off of about half of our alloted points each year to pay for maintenance fees, etc. Is it realistic to think there will be enough of an income stream from unused point sales to more than cover maintenance fees and some sales value in the event the kids don't want to retain the timeshare asset at our passing? I suspect I could do better than the $21k pricetag for buying into the Wyndham points system but am not sure how I can make the Massanutten ownership part of that process. Thanks for any insight you may be able to offer.
 
This is normal sales bullshit. I really doubt they're going to jump exchange fees from $300 to $1600 - no one would use them anymore. Wyndham may have been talking about PIC but it's likely not worth worrying about IMO. I kinda doubt you'd get 308k pts a year for it. If you want Wyndham points, buy Wyndham points resale - they're often given away for free if CWA or someone is just downsizing here on TUG on the free timeshares forum, or the TUG2 timeshare marketplace. CWS can cost a little resale, but will have lower MFs/pt if it's worth buying - you have to check.
 
Food for thought, as idiotic as Wyndham can be at times, they have to know that if they raised the exchange fee to $1600.00, RCI would immediately die.

They aren't that dumb

As a previous commenter noted, what they were (poorly) trying to describe was PIC, where you can enroll your week and get Wyndham points credit for it. It's somewhat complicated to explain, so search about it, whether or not it's worth it to you is another story. It does require a small developer purchase.
 
Assuming that you can, in fact, 'PIC' the 2 2br Massanutten Units for 154K points each (308K total), you would be in the Wyndham System with some level of VIP. Now what PIC means is that you retain your Massanutten units and pay the associated Annual Maintenance Fees on those units and then 'exchange' the paid up units for Wyndham Points (up to 308K points). You would still own the Massanutten Units and the 126K Wyndham points (after the bonus points period passed).

Total Wyndham points per year after paying all the fees and after expiration of bonus points, would be 434K points. This is a relatively small account, but, with some discounts and upgrades you would be able to 'enhance your options for enjoying your vacations'. That being said, it's doubtful that you'd have much left for 'selling off about half of our allotted points each year to pay for maintenance fees'. Selling off points, aka renting points, is not a very profitable business AND, its a business that Wyndham frowns on unless you use their very low return (and confusing) system. One of the biggest lies told by the Salespeople tell is that you'll be able to pay your maintenance fees by selling off/renting your points. You won't:!!! Many have tried and most all have failed.

I wanted to make an additional comment regarding this statement. 'I hope to not stick my adult kids with an unwanted timeshare in the event of our passing'. Your adult kids are never required to accept a timeshare. Just tell them that they need to not accept it. If they've been using your weeks, tell them to stop upon your passing and pay no fees on your behalf. The Salespeople will try to sell you on change by pointing out that you can rid yourself of a timeshare. It does not work that way, you either get out before you pass or you be sure that your adult kids know how to ignore the existence of the timeshare.

I suspect that you will hear other comments. I'll close by saying, It's stated here, often, 'if their lips are moving, they are lying'. Sometimes the lies are more obvious than other lies, but, they will try anything to get you to buy. Only buy after you've done all your research and fully understand what you are buying. You've come to the right place for honest comments.
 
Question: Can you get a better price tag for the points?
Answer: Absolutely! How about $0? You buy that in more than one place.

The whole PIC and you kids burdened with your timeshare is addressed above.

Summary:
If you want Wyndham points, buy resale for free. If you still like your Massanutten resort, keep using it. If you don't, try giving away for free.
If you already accepted the offer, you should rescind immediately. Otherwise, that would be 21k down the drain.
 
I have the same type of unit at the Summit and have PICed it into the Wyndham System. HOWEVER, I got a better deal by working with telesales (corporate sales, not at the resort). They can discount the required sales package...for PICing 2 weeks, you need to by 49K points each so 98K total. I bought 105K Club Wyndham Access...and it has very high maintenance fees compared to my National Harbor and Bali Hai contracts. This is balanced out by my low Massanutten fees.

This is the best way to get VIP status with Wyndham, however, I did mine before they eliminated the unlimited housekeeping feature...it's not as great a deal now.

I believe that the $1600 RCI fee mentioned would be for that "Key" reservations---these are hotels and not exchanged. Some RCI resorts have additional fees such as housekeeping or an amenities fee or an all-inclusive fee.

PICing your Massanutten as 2 2-brs will get you 308K Wyndham points OR you can use your Massanutten float weeks OR you can deposit into RCI. With Wyndham you do not have to book a full week and there are not transaction/reservation fees at this time.
Your package would be an adequate number of points and you would get a lot of flexibility.
 
Doing whatever they say through PIC doesn't actually change your deeds at Massanutten. You still own the same thing after that you owned before. The only thing that changes is how you use them. They would still be part of your estate upon your passing.
 
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