Just Got Great Deal on Ebay...I think.

[carters4usm]

I've been looking for a while for an EOYE at a select few locations and bid and WON a 154K even yr. points at Wydham Sedona for $177 + $450 in closing and transfer costs (Even had bonus of 68K unused for 2008) A REALLY great deal...but...the seller, although 100% feedback, has had very few actual timeshare sales. The closing company's name is Timesharecloseout and says it has an owner's copy of the deed, a power of attorney from the owner to carry out the transaction, and the Estoppel letter from the resort. I'll request copies tomorrow, but what else should I get or do to confirm that all is on the up and up? Thanks for any advice!!

 

[timeos2]

Sounds like someone got ripped off again by a PCC

Those thing smack of a PCC operation but that doesn't mean you don't get a deal. Unfortunately some poor owner got snookered out of their ownership and usually $3500 to "get out" of their timeshare they could have offered on ebay and got $177 for. Yet the PCC want people to think they offer a service. What they really seem to be are the ultimate upfront companies @ $3500 per week. So no matter how it got to you you have a great deal.

 

[Jya-Ning]

Make sure the contract has whatever they have in the ad. When get the copy, call resort with that contract number, verify the MF is current.

They usually want to get rid of that week, so chances of that is wrong is rare.

But make sure when they send the contract, the name you plan to own the deed is correct. They usually do some sloppy job on the name when they draft the deed.

Some how they take a long time to do the transfer. I guess they did not keep on top the process, so you may want to have them either deposit the point to RCI, or make a reservation bfore transfer the ownership.

Other than that, you should usually get what you buy.

Jya-Ning

 

[acesneights]

What's the MF?

If it's more than about $400, you will probably have to pay $3500 to get rid of it when you want to.

The extremely low price almost always connotes an astronomical MF.

Stan

 

[GregT]

All,

As a Wyndham newbie, what is significant about the $400 MF point as representing "too much" for 154,000 EOY points?

I passed recently on 77,000 annual points at some place I'd never visit, and the MF's were $25/month. I remember thinking that seemed ridiculously cheap, but for the first time in my TS existence, showed restraint in buying one of these things because I still don't understand the nuances of Fairfield.

Please advise your thoughts on the "right" MF levels for points. Thanks!

 

[Jya-Ning]

All,

As a Wyndham newbie, what is significant about the $400 MF point as representing "too much" for 154,000 EOY points?

I passed recently on 77,000 annual points at some place I'd never visit, and the MF's were $25/month. I remember thinking that seemed ridiculously cheap, but for the first time in my TS existence, showed restraint in buying one of these things because I still don't understand the nuances of Fairfield.

Please advise your thoughts on the "right" MF levels for points. Thanks!

There is no magic number

People usually assume the avg MF cost is $5 / 1K. And that is what you pay Wyndham to borrow points from them at 90 days travel time.

$25/month for 77k sounds very cheap. It may only means the MF part, not including club due. Or for some resort that did not open

Jya-Ning

 

[Timeshare Von]

My 77k points is costing us $43.50 (or so) per month - - at Westwinds/Myrtle Beach.

 

[massvacationer]

I saw the auction that GregT refers to...the points were at Fairfield Glade...that maintenance is very cheap for 77k points...around $3.90 per K...Glade does had low maint though