Just bought developer HI deed, should I return?

[chaomandy]

We are currently in Hawaii and attend an "owner update" yesterday. We were told that we need to move our deeded property which is FL because the maintenance fee is going to go through the roof because of all the hurricanes and we were told that only HI deeded owners have the priority to all HI Wyndham inventories. We bought a Kona Sea Cliff deed. Should I return it? Is it true there are benefits to own in HI? If I want to return my purchase, what should I do?

Thank you for your suggestions!

 

[dioxide45]

Rescind now.

 

[chaomandy]

Rescind now.

Thank you for responding to me. Is it a lie that HI owners have priority to all the HI properties? Any advantages of owning HI Wyndham properties?

 

[dioxide45]

Thank you for responding to me. Is it a lie that HI owners have priority to all the HI properties? Any advantages of owning HI Wyndham properties?

There may be some kind of reciprocal ARP, but I will let other's confirm. Even if there is, is it worth the additional expense? Have you had trouble trying to book other HI properties in the club booking window at 10 months?

 

[bnoble]

Is it a lie that HI owners have priority to all the HI properties?

I don't think it is all of them. Even if it was: you are staying there now, and did not need ARP to do it, right?

So why would you need ARP later?

 

[chaomandy]

Thank you!! You both got really good points.
Another scare that they told us is Bonnet Creek maintenance is going through the roof soon. Is that true?

 

[Floridaman76]

Thank you!! You both got really good points.
Another scare that they told us is Bonnet Creek maintenance is going through the roof soon. Is that true?

Bonnet Creek is already "through the roof"... relatively speaking

 

[bnoble]

Think about it this way:

The sales agent happens to know something that you, as an owner at the resort, don't know. It just so happens that this is a terrible problem that hasn't happened yet, but will any day now. It also just so happens that the sales agent can help you avoid this terrible problem, conincidentally by buying more Wyndham points.

 

[Passepartout]

Thank you!! You both got really good points.
Another scare that they told us is Bonnet Creek maintenance is going through the roof soon. Is that true?

If the salesweasel's lips were moving, well, you can guess the rest. In the world of timeshares, ALL maintenance is going up. It's the normal state of affairs. Orlando is scores of miles inland and hasn't been affected (much) by hurricanes yet.

I'd rescind if the decision was mine. Hawaii is traditionally the most expensive. Both buy-in, MF and airfare to get there to use. Do you want to be faced with that annually?

Jim

 

[bnoble]

This is one of the general strategies sales uses: Describe a hypothetical future problem ("Bonnet Creek fees will go up!", or "You will have trouble booking Hawaii unless you own here!"), and then show you how that problem can be solved by buying more or different points.

If the hypothetical problem actually happens, you can decide what to do about it then. Until then, don't spend money to solve problems that haven't happened.

 

[Floridaman76]

My first advice to someone is usually to rescind.

But using your specific use case, let's look.

It looks like the OP owns deeded at Bonnet Creek, whose MF for 2025 is $7.73, which is already pretty high.

They sold him deeded at Royal Sea Cliff which is $7.81. Higher than Bonnet Creek.

Is there a chance that Bonnet Creek MF will go up more than normal due to it being in Florida? Sure, and likely yes. I live in Florida and due to recent condo laws, insurance fiasco's (our state legislature and governor are in bed with the insurance companies) and due to hurricanes (which didn't directly affect Bonnet Creek, but affect insurance throughout the state), the likelihood would be that MF will go up at BC more than normal.

But it doesn't make much sense (to me anyway) to buy at a resort which already has high MF. Could RSC MF go up less than BC? Maybe, but maybe not. And the amount of money I bet the OP spent (to buy more points), will not offset this sunk cost.

So I would say, rescind. Definitely.

I would also say, personally, I would not own at a Florida property for these reasons I have stated. Look at Panama City Beach, one of the LOWEST MF properties in the system for years, in the past few years MF have skyrocketed and they also had a special assessment. They are also historically in the path of Hurricanes and had a hit and a few near misses in recent years. If you want or feel you need to own at a specific Florida property for ARP reasons, then you will pay for it. There's a few instances where you need ARP to get specific bookings, I get it.

 

[slabeaume]

theoretically Hawaii owners are supposed to be able to reserve some Outrigger resorts and trade into Trading Places, but I haven't seen outrigger offered. Used Trading places a couple times, now Wyndham tells me only 84000 of my points are eligible for a Trading places exchange. As far as Hawaii owners having priority to reserve Wyndham Hawaii properties, that's wrong, we can only reserve our home resort farther out.

 

[rickandcindy23]

Most of the Hawaii inventory is pretty easy to get ahead of anyone else, but is it really something you truly care about? I see so much inventory at 8 months for just about every resort.

Shearwater has a lot of owners who are deeded and never converted their weeks making it the toughest to get, but only because inventory is scarce because deeded week owners book it. It is their right.

 

[rickandcindy23]

theoretically Hawaii owners are supposed to be able to reserve some Outrigger resorts and trade into Trading Places, but I haven't seen outrigger offered. Used Trading places a couple times, now Wyndham tells me only 84000 of my points are eligible for a Trading places exchange. As far as Hawaii owners having priority to reserve Wyndham Hawaii properties, that's wrong, we can only reserve our home resort farther out.

Outrigger is a joke. It isn't really a benefit at all, more of a made-up benefit, and the cost was always outrageous. I know this because I tried to use it for Maui, since Wyndham didn't have Maui. I had to buy Maui. Buy where you want to go is the TUG mantra, and I am getting to that point.