Methods to Buying Resale after new Wyndham System Update

[JT1989]

Hi Everyone,

I am somewhat new to this (but have done a ton of research in attending presentations and reading through these forums), but I am thinking about buying a resale (for closing costs only) but not sure if there is a path to eventually converting it to VIP through upgrades/exchanges/and developer purchases (given the changes in the new system this year).

In the past, I was told you could "buy up" after buying resale by attending sales presentations at Wyndham. The sales personnel would convince you to buy a small amount (of deeds/points) and would convert everything into Developer Points that are VIP eligible. I am trying to find out if that program (or other methods) still exist and what the rules are?

I was also told that some deeds when purchased through the resale market still maintain their developer status after transfer? If true, How does one tell which deeds can and which can't (e.g., is it resort specific, or based on when they were first purchased, or other?)?

Has anyone done this this year since the system upgrade or have any knowledge about this specific subject?

Also, has anyone purchase resale via a corporate entity (debating about purchasing it myself or through my corporate entity which is in the fashion business and I own)?

Last question, what resorts would you recommend getting a resale deed at? (I was thinking about low maintenance ones like Canterbury, Dye Villas, South Shore, Bali Hai, and National Harbor, but not sure if any of those are being subsidized by the developer?)

Any help is appreciated and thanks in advance,

Jenny

 

[capital city]

I think most would agree that VIP is worth very little now and all or most cheap or cheaper routes to getting there are long gone. It's obvious by the number of mega renters getting out now when they have just over a million developer points and millions more resale.

As for low maintenance fee resorts I don't believe Wyndham subsidies these resorts, that is a myth. I first bought in maybe 5 years ago with Panama City and that one with the ones you listed are still the ones with the lowest mf 5 years later.

 

[JT1989]

Thanks CC, two questions:

1. In the new system, if I have access to a Platinum VIP I can get on another's deed, and we decide to buy the resale, will those resale points "inherit" the Platinum benefits as well (I heard in the past that they did, but I don't know if that's the case in the new system)?

2. If I get the resale myself, do the sales folks still have the ability to sell me another deed to convert my points from the resale + the new developer deed into VIP eligible points (e.g., if I buy 500,000 points at Canterbury for $1 in the resale market, from your experience, will the sales personnel try and upsell me to 250k+ points to try to get me to gold...or do they no longer do that with the system changeover?)

Thanks for your comments on Panama City, (I hadn't looked at that and will do some research there),

Jenny

 

[markb53]

Thanks CC, two questions:

1. In the new system, if I have access to a Platinum VIP I can get on another's deed, and we decide to buy the resale, will those resale points "inherit" the Platinum benefits as well (I heard in the past that they did, but I don't know if that's the case in the new system)?

2. If I get the resale myself, do the sales folks still have the ability to sell me another deed to convert my points from the resale + the new developer deed into VIP eligible points (e.g., if I buy 500,000 points at Canterbury for $1 in the resale market, from your experience, will the sales personnel try and upsell me to 250k+ points to try to get me to gold...or do they no longer do that with the system changeover?)

Thanks for your comments on Panama City, (I hadn't looked at that and will do some research there),

Jenny

You are not likely to get 500k points at Canterbury for $1. More like $5000 to $6000. Most of the low maintenance fee Wyndham are going for $10 per 1000 points. And I don't believe there is any way to buy points resale and make them VIP eligible by buying developer purchase.

 

[JT1989]

Thank you Mark. Do you know if I buy resale, does the resale deed inherit the benefits of whatever VIP status I have before?

 

[cayman01]

Resale points lose all VIP benefits and they can not be reinstated. However, you can buy some fixed week timeshares and convert them to points that are VIP eligible. It still requires a purchase of points from Wyndham directly and a conversion fee. Whether that is worth the price of VIP admission at this point seems doubtful. The trick is knowing which weeks are eligible and nobody really knows.

The only other "cheap" way to VIP is thru the PIC program. I do not know enough about PIC to explain it other than it involves buying a TS week outside the Wyndham system and getting Wyndham points for it, up to 254,000 for each one and you can do two weeks. Someone else will have to explain this.

 

[JT1989]

So Cay, you are saying that if I own a Platinum account and purchased a resale points deed, the points would somehow be segregated in my account as non-VIP while the rest of the points would be VIP (from my original account)?

 

[cayman01]

So Cay, you are saying that if I own a Platinum account and purchased a resale points deed, the points would somehow be segregated in my account as non-VIP while the rest of the points would be VIP (from my original account)?

They get the same treatment as VIP but do not inherit the status.

 

[tschwa2]

So Cay, you are saying that if I own a Platinum account and purchased a resale points deed, the points would somehow be segregated in my account as non-VIP while the rest of the points would be VIP (from my original account)?

At this point the VIP benefits are based on the account. If you have attained a status, you can use non vip eligible points to book discounted inventory in the window and receive upgrades with reservations made with non vip eligible points in a VIP account. You would be able to bank those points according to your VIP level and receive free HK and transaction credits based on your status.

That could change in the future. Once they get this program working and if the execs feel they need to even the playing field again they could make only VIP eligible points eligible for VIP perks. That won't happen today or tomorrow but certainly could conceivably happen at some point in the future.