CWA selling high?

[lcml11]

Doesn't CWA have access to different inventory than a deeded BC contract at the 13 month window? If so, what determines that? Where the CWA contract was purchased?

For the 10 to 13 month Window there are seperate availability pools for ARP. I did not check, but I think Bonnet Creek is also a Wyndham Club Access resort so you will have ARP rights at Bonnet Creek and a bunch of other resorts to the extent that Club Wyndham Access has the inventory and it is available. I would be surprised if ARP is needed at Bonnet Creek, maybe someone else can confirm or deny.

I do not think I would bid on the one for 1 cent. Not a very good deal for what you would get.

Normally, location would not make a difference for where a contract was bought for Club Wyndham Access. If you were buying a re-sale contract, I understand that there may have been a receiprical ARP right into the location the orginal buyer bought from. I have one Smokey Mountain deed that has this 11 month right into Myrtle Beach.

Which has a better ARP pool over time? Who knows, other threads have discussed this issue. If Bonnet Creek was orginally sold as weeks there is not going to be a lot of ARP rights into the high demand season for either program. Maybe someone knows this also.

 

[C30NY]

That's a good point about premium weeks being sold as deed specific. I tried to find info but was unable. My problem is that I am trying to get 3-4br presidentials and I am afraid without ARP my pickings may be limited.

I also noticed the CWA is about $200/yr more, but then again if I save $2000 up front, it would be a 10yr break even, not takin into account MF increases.

When trying to weigh it, I'm guessing both CWA and other Wyndham points will increase at roughly the same annual %, since there is no way to predict.

 

[lcml11]

That's a good point about premium weeks being sold as deed specific. I tried to find info but was unable. My problem is that I am trying to get 3-4br presidentials and I am afraid without ARP my pickings may be limited.

I also noticed the CWA is about $200/yr more, but then again if I save $2000 up front, it would be a 10yr break even, not takin into account MF increases.

When trying to weigh it, I'm guessing both CWA and other Wyndham points will increase at roughly the same annual %, since there is no way to predict.

Club Wyndham Access is a average of the maintance fees in thier holdings. Resorts tend to set their maintance fee rates. They do not necessarily tract to each other on a average basis. If Wyndham adds low maintance resort fess properties to the Access program, than rates would tend to be stable or declining. If they add high maintance fee properties, then the fees would tend to go up.

 

[C30NY]

Well that 500k CWA contract sold for $575 with no closing costs. While I was very tempted to bid, I'm not sure CWA is a good route, especially with the higher MFs. I also wonder if the higher MF's are trying to recoup lost $ on foreclosed deeds that CWA may be consuming.

 

[lcml11]

Well that 500k CWA contract sold for $575 with no closing costs. While I was very tempted to bid, I'm not sure CWA is a good route, especially with the higher MFs. I also wonder if the higher MF's are trying to recoup lost $ on foreclosed deeds that CWA may be consuming.

Great buy for someone.

 

[ronparise]

Well that 500k CWA contract sold for $575 with no closing costs. While I was very tempted to bid, I'm not sure CWA is a good route, especially with the higher MFs. I also wonder if the higher MF's are trying to recoup lost $ on foreclosed deeds that CWA may be consuming.

I bid on that one as well as the 804000 point Glacier Canyon contract from the same seller that went off a few minutes earlier. I thought I might get the first one because mf are so high, but someone was willing to go a little more for it. But Ill keep watching and waiting and bidding..Ill get what I want sooner or later

regarding CWA mf. Im sure Wyndham isnt setting the mf artificially high to recoup mf lost during foreclosures. Even their creative accountants cant divert mf away from the resorts to Corporate. Mr Longwell has it right, CWA mf is a weighted average of the mf of the CWA holdings. If you think its high its because there are more high mf deeds than low mf deeds in CWA....That may be because foreclosures do find there way into CWA and owners of high mf contracts are more likely to be foreclosed on than owners of low mf contracts. But I cant believe Wyndham is openly skimming the pot of mf money before its distributed to the resorts (they have other ways to make their money)

By the way: Although I try to keep the mf Im paying to about 5. I think thats below average, and I find that the under $5 contracts usually sell for more than Im willing to pay. I am willing to pay the CWA $5.45 if the purchase price is right. Also I have found that if Im quick, the CWA ARP works for me too, and that makes them worthwhile additions to my holdings

I wouldnt be so quick to write off CWA

 

[vacationhopeful]

... If you think its high its because there are more high mf deeds than low mf deeds in CWA....That may be because foreclosures do find there way into CWA and owners of high mf contracts are more likely to be foreclosed on than owners of low mf contracts.....

Remember, MANY of the weeks going into CWA are from the older resorts and are originally FIXED WEEKs units - which become CWA points. However, if the week is NOT PRIME season week, the MFs are fixed and the number of points is LOWER ==> making the ratio for points to MF $, HIGHER.

Therefore, a point from a non PRIME week costs MORE in MFs than a point from a PRIME week ==> on a converted week week interval.

 

[ronparise]

Remember, MANY of the weeks going into CWA are from the older resorts and are originally FIXED WEEKs units - which become CWA points. However, if the week is NOT PRIME season week, the MFs are fixed and the number of points is LOWER ==> making the ratio for points to MF $, HIGHER.

Therefore, a point from a non PRIME week costs MORE in MFs than a point from a PRIME week ==> on a converted week week interval.

Linda

You are absolutely right and it is more likely that blue week/high mf properties will find their way into CWA than red week low mf properties. But that doesnt mean no red weeks will find their way to CWA..The owners of those red week low mf fixed weeks are getting older and dying off at the same rate as the blue week owners. Also Wyndham is putting in lower mf udi deeds.

As a real world example I was able to make eight 2014 Mardi Gras reservations in New Orleans using my CWA contract for ARP. mf at the New Orleans resorts is right at $5/1000, So its clear to me that there is some good stuff in CWA too. At least enough to satisfy me.

 

[vacationhopeful]

We are on the same page - if I buy a fixed week converted to points, I look for what is the underlying week or the ratio of of MFs to number of points.

And yes, all sorts of weeks are getting into CWA, as CWA is NOT taking all the weeks that the HOA is holding - they can and do cherry pick.