Resale - Price per 1,000 points

[hypnotiq]

Is there a rule of thumb or general guideline of what a 'decent' to 'good' deal when buying resale points is when it comes to Wyndham points?

For instance if you paid x amount or less per 1000 pts, you did good?

Thanks,
Nico

 

[rrlongwell]

Is there a rule of thumb or general guideline of what a 'decent' to 'good' deal when buying resale points is when it comes to Wyndham points?

For instance if you paid x amount or less per 1000 pts, you did good?

Thanks,
Nico

Two different main lines of thought. Flight to quality: Buy where you want to go or Good or Better resorts. Flight to the bottom: Buy cheap $ per 1,000 and take your chances. With Wyndham, there may be few Resorts that can give you a good balance between the two.

 

[vacationhopeful]

Robert it is this => Buy where you want to go. OR Buy where the MFs are the lowest per 1K of points.

Most Wyndham resorts ads are close to FREE (with maybe free on all the other costs) or $1 plus the closing costs of $299 Deed transfer cost to Wyndham, $25-100 recording fees, and costs to a closing group ($100-499).

MFs under $4.50 is really good. Most are slightly above $5.25-5.75. The lowest ones could have a future special assessment due to under-funding reserves.

I don't buy for the MFs; I buy for ARP (where you want to go).

 

[bnoble]

That's about the size of it: valuable ARP or low MF/K. Those are the only two reasons any Wyndham deed is worth more than $0.

For ARP: this only matters if you think you want/need to stay at a resort during a time at which ARP is important. There are not very many of these times/resorts, because most resorts are easily bookable at 10 months. Also, if you can't plan more than 10 months in advance for any reason, ARP is completely worthless to you.

After that, it's just annual-cost-per-point.

 

[Carol C]

That's about the size of it: valuable ARP or low MF/K. Those are the only two reasons any Wyndham deed is worth more than $0.

For ARP: this only matters if you think you want/need to stay at a resort during a time at which ARP is important. There are not very many of these times/resorts, because most resorts are easily bookable at 10 months. Also, if you can't plan more than 10 months in advance for any reason, ARP is completely worthless to you.

After that, it's just annual-cost-per-point.

I agree, and that is why I bought resale at Wyn Old Town Alexandria...for the ARP. The ability to make advance reservations there is important to folks who want to stay at the only timeshare in metro DC that's on the metro line route. Other urban locations where ARP would be important would be San Francisco (Wyndham Canterbury), the San Antonio Wyns, and I'm guessing the New Orleans Wyndhams (although Wyndham likely blocks out Mardi Gras week on the contracts they sell at those properties...not sure if they block out Jazz Fest weeks as well...always worth asking if you're buying Wyndham contracts in NOLA).

 

[chapjim]

For ARP: this only matters if you think you want/need to stay at a resort during a time at which ARP is important. There are not very many of these times/resorts, because most resorts are easily bookable at 10 months. Also, if you can't plan more than 10 months in advance for any reason, ARP is completely worthless to you.

A major qualification to the above is event weeks such as Bike Weeks and NASCAR races at Daytona and big sports events such as those in New Orleans this year. If you want to obtain such reservations for your own use or for rental, you have to be able to ARP into the resort. This is the major reason I still own at Ocean Walk even though their maintenance fees are higher than I'd like.

Ron Parise would be the one to talk about blackouts at Wyndham resorts in N.O. My observation is that the Avenue Plaza listings on eBay block event weeks (Mardi Gras, Sugar Bowl, and at least some of the festivals).

 

[ronparise]

If Im buying to just have more points I want to keep my my under $5.50/1000. any contract with mf higher than that is worthless to me....

I am willing to go as high as $3/1000 points (purchase price, closing costs and transfer fees).for contracts with under $5.50/100 points

If Im buying for ARP, Ill pay more

If Im buying for a very low mf (San Francisco, National Harbor some converted fixed weeks at the older resorts for example ) Ill pay more

When it comes down to it, prices, even for the most expensive Wyndham contracts are low enough, that Im not too concerned about purchase price when Im bidding on something I really want, as this is a one time expense and will be behind me immediately. I can see paying as much as the equal of 2 years maintenance fees to get something I really want (for arp or to reduce my average mf)

 

[bnoble]

Other urban locations where ARP would be important would be San Francisco (Wyndham Canterbury), the San Antonio Wyns, and I'm guessing the New Orleans Wyndhams

SF and San Antonio seem to both be pretty easy for 10-month reservations. I looked a few weeks back and could still get 2BRs at either San Antonio resort for late June 2012. I've also booked New Orleans on a standard reservation, but that was early May---maybe not a super-huge time for New Orleans.

 

[ronparise]

Ron Parise would be the one to talk about blackouts at Wyndham resorts in N.O. My observation is that the Avenue Plaza listings on eBay block event weeks (Mardi Gras, Sugar Bowl, and at least some of the festivals).

The typical black out weeks in New Orleans are Mardi Gras, and the week before Mardi Gras. The two weeks of the Jazz Festival (weeks 17 and 18) and The Sugar Bowl (week 52) some resorts also black out the French Quarter Fest

Wyndhams La Belle Maison is all points and ARP is advised if you have particular wants and needs.

Avenue Plaza is mostly floating weeks, although there is some inventory available to points owners. (In the last year I have only seen one small points contract for Avenue Plaza on ebay). You will see most Avenue Plaza weeks advertised as "floating weeks except weeks 8,9,17,18 and 52. All weeks are deeded unit/week for inventory purposes, but these weeks are defined "event weeks" It dosent matter when Mardi Gras falls.on the calendar. Week 9 is a Mardi Gras event week ownership and owners of week 9 can reserve Mardi Gras.


Except for Mardi Gras, these event weeks are usually available to points owners at the 10 month mark. There were even a few Mardi Gas weeks available at 10 months (they were gone however a few minutes after 7am at exactly the 10 month mark.

So if you want New Orleans every year, Id advise one of floating weeks at Avenue Plaza, or a fixed week at one of the other new orleans timeshares, or Points at La Belle Maison for ARP

 

[Craigvince]

I'm new

What does ARP mean?

 

[ronparise]

What does ARP mean?

Advanced Reservation Priority. If you own at a particular resort you can make a reservation 10-13 months in advance of check in...the standard reservation window is within 10 months and is open to all points owners

Read the stickies at the top of this forum and the wyndham owners directory (link in the stickies)

 

[Craigvince]

Thanks, Ron!

 

[rrlongwell]

... If Im buying for a very low mf ( ... National Harbor ... mf)

Be careful on National Harbor, you might accidently get what you pay for.