RTU vs Deeded

[Mixxx008]

Looking at secondary market of Club Wyndham points and I’m wondering if there are drastic difference of there RTU vs Deeded I know deeded has a home resort but if our travel style has no need of a home bace would RTU be better?

 

[jp10558]

Do you mean Club Wyndham Access vs Club Wyndham Select? CWA has higher MF/pt than ~ 50% of the CWS home resorts (deeds I guess?). OTOH, I guess CWA does spread out MF increases (it's an average of many/most of the Wyndham properties) and any potential special assessments. Most people I know try and get in the lower half of MF/pt cost.

I personally have trouble thinking what you get with CWA that is worth paying more vs trying to get CWS at one of the cheaper resorts and saving money. I suppose CWA points are easier to get and the transfer is faster than dealing with deeds.

 

[Sandy VDH]

Only RTU properties in wyndham were Mexican El Cid properties AFAIAAO. Most of those have RTU dates that have expired by now, or are near expiring.

Disney only sells RTU as they did not want anyone But themselves owning Disney property in perpetuity. Most other timeshares in the US are deeded. Most Mexico timeshares are RTU.

 

[dioxide45]

Only RTU properties in wyndham were Mexican El Cid properties AFAIAAO. Most of those have RTU dates that have expired by now, or are near expiring.

Disney only sells RTU as they did not want anyone But themselves owning Disney property in perpetuity. Most other timeshares in the US are deeded. Most Mexico timeshares are RTU.

What is the difference between RTU and UDI?

As for Disney, this is a common misconception. Disney is not RTU. They have deeded interests and purchasers are sold an undivided interest in a specific unit at a specific resort. Points are assigned for administrative convenience only. The difference with DVC is that the resorts are leasehold condominiums and there are expiration dates on the deeds. This is what it looks like on a DVC deed;

 

[Sandy VDH]

What is the difference between RTU and UDI?

As for Disney, this is a common misconception. Disney is not RTU. They have deeded interests and purchasers are sold an undivided interest in a specific unit at a specific resort. Points are assigned for administrative convenience only. The difference with DVC is that the resorts are leasehold condominiums and there are expiration dates on the deeds. This is what it looks like on a DVC deed;
View attachment 88254
View attachment 88255

OK, but it is for a limited time ONLY. All other deeds are in Perpetuity. My point was DVC is NOT.

 

[jp10558]

What is the difference between RTU and UDI?

I am not a property law attorney, and for a real answer you probably should consult one. But to my lay understanding, UDI is having multiple people on a deed as owners of the property, except with the amount of interest strictly laid out. UDI means you have the specified interest in the property as an owner, and the administrative stuff makes it possible to work out how to express that in terms of weeks in units. But in Wyndham, it's no specific unit or date, just interest in the resort. I guess this is sort of like the old silver reserve dollars.

RTU from my understanding is really like joining a golf club or something - it's at best a sort of lease - you have no actual ownership at all. Just a contract for use at the schedule etc laid out. This is more like a fiat currency, there's nothing behind it. The upshot is you avoid all the deeded property transfer hoopla.

 

[northovr]

At one time I was pitched RTU as a lease at Governors Green in Williamsburg Va. This was at least 20 years ago.
This was before I was an owner. I remember the sales guy saying that the 4 bedrooms were sold out and he used to own a Kinkos.
Daniel

 

[chapjim]

At one time I was pitched RTU as a lease at Governors Green in Williamsburg Va. This was at least 20 years ago.
This was before I was an owner. I remember the sales guy saying that the 4 bedrooms were sold out and he used to own a Kinkos.
Daniel

Wow! Governor's Green was only built in 2001.

Kinko's to timeshare sales -- progression or regression?

 

[dioxide45]

I am not a property law attorney, and for a real answer you probably should consult one. But to my lay understanding, UDI is having multiple people on a deed as owners of the property, except with the amount of interest strictly laid out. UDI means you have the specified interest in the property as an owner, and the administrative stuff makes it possible to work out how to express that in terms of weeks in units. But in Wyndham, it's no specific unit or date, just interest in the resort. I guess this is sort of like the old silver reserve dollars.

RTU from my understanding is really like joining a golf club or something - it's at best a sort of lease - you have no actual ownership at all. Just a contract for use at the schedule etc laid out. This is more like a fiat currency, there's nothing behind it. The upshot is you avoid all the deeded property transfer hoopla.

UDI stands for undivided interest. I am confused because most every weeks based deeded timeshare is also an undivided interest in a unit at a resort. From a Wyndham standpoint is a UDI a UDI of an entire resort? Just trying to learn how these fall in line with Club Wyndham Select and deeded ownership at Select resorts.

 

[jp10558]

UDI stands for undivided interest. I am confused because most every weeks based deeded timeshare is also an undivided interest in a unit at a resort. From a Wyndham standpoint is a UDI a UDI of an entire resort? Just trying to learn how these fall in line with Club Wyndham Select and deeded ownership at Select resorts.

Yes, from what I can tell, the UDI is a VOI in an entire resort. From what I recall of my deed, it's written like xxx,xxx / xx,xxx,xxx,xxx or something large in the resort. It does not mention or reference any specific unit, or any week.

 

[Sandy VDH]

Yes, from what I can tell, the UDI is a VOI in an entire resort. From what I recall of my deed, it's written like xxx,xxx / xx,xxx,xxx,xxx or something large in the resort. It does not mention or reference any specific unit, or any week.

Bonnet Creek was sold that way. Wyndham only has UDI for that resort. It depends when it was brought online. Bonnet Creek public offering statement in 2006 still has the Fairfield logo on it. So that was about the time that UDI came into existence, at least for Wyndham.

Frankly it is a better way to keep a resort afloat. The older method of assigning points to weeks based on demand season, and then assigning MFs that are the same for every unit regardess of week strength, it basically will leave resorts where (using RCI terminology) Red weeks are holding the bag as Blue week owners leave nearly completely and white week owners question their continued MF payments. UDI allows resorts to sell points based on what they use, not on underlying weeks. High season pay more MF and lower season pay less MFs. Not both season pay the same.

UDI will keep seasonal resorts afloat. They is why so many Canadian resorts are financially struggling unless they are in an area with both winter and summer activities. Nobody wants to pay full MFs on a MUD ski week, espcially if they are paying the same MF as a prime ski week or prime summer week.

 

[dioxide45]

Bonnet Creek was sold that way. Wyndham only has UDI for that resort. It depends when it was brought online. Bonnet Creek public offering statement in 2006 still has the Fairfield logo on it. So that was about the time that UDI came into existence, at least for Wyndham.

So does Bonnet Creek have both deeded weeks and UDI, or was it started from the ground up by Fairfield as UDI?

 

[Sandy VDH]

So does Bonnet Creek have both deeded weeks and UDI, or was it started from the ground up by Fairfield as UDI?

No just UDI.

 

[northovr]

Wow! Governor's Green was only built in 2001.

Kinko's to timeshare sales -- progression or regression?

yep I think he saw the writing on wall

Daniel