Converting old contracts to different resorts?

[Wyndham147]

Hello everyone. I am asking this question on behalf of my aunt. She is an owner from way back. She has loved her timeshare but has some unfavorable maintenance fees. My question for her is if she purchases another small contract is it possible for Wyndham to switch over her existing contracts to a resort with better maintenance fees? If so how many points do you think she would have to buy. She has about 6 contracts totaling approx 1.2 million points.

 

[Floridaman76]

If she bought all of them from the developer, there's a slight chance they may do what's called an "equity swap" if she buys a certain number of new retail points and make up any cost difference.

Depends what she owns.

Whether or not this makes financial sense is probably a big NO, but it might be possible. Any potential savings in MF would be offset by a big purchase price would be my guess.

Depending on what she owns, they may not want it back.

There's zero chance of any sort of contract swap that does not involve her making a purchase, and probably a substantial purchase if I had to guess.

Have her reach out to telesales and explain the situation, i'm sure someone can provide their phone number.

 

[Wyndham147]

If she bought all of them from the developer, there's a slight chance they may do what's called an "equity swap" if she buys a certain number of new retail points and make up any cost difference.

Depends what she owns.

Whether or not this makes financial sense is probably a big NO, but it might be possible. Any potential savings in MF would be offset by a big purchase price would be my guess.

Depending on what she owns, they may not want it back.

There's zero chance of any sort of contract swap that does not involve her making a purchase, and probably a substantial purchase if I had to guess.

Have her reach out to telesales and explain the situation, i'm sure someone can provide their phone number.

Thank you

 

[Floridaman76]

Thank you

Again, the return on investment here is probabaly not there, so if they decide to do it, weigh the choice very carefully. If she plans on passing it on to future generations and they seem willing to take it, it may be a good long term deal, but I don't use the word investment here, because it's not.