• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Should we try and sell or give back to Wyndham?

jlfernandez5

TUG Member
Joined
Jul 31, 2005
Messages
30
Reaction score
0
Points
6
Not sure what to do should we sell or give back????
Sorry for the long post.
We currently own 3 timeshares with Wyndham see below and can no longer use all these points each year. I've pooled them in the last couple of years, thinking we may use them. Only problem is that our needs have changed and we have not been able to use all the points. For the three our monthly cost is $155.80 or 1869.60 a year.
Would it make sense to list them in the for sale area?
I know that there are closing costs involved $299 to Wyndham and the fees to Escrow Company I think about $300.
Not even sure what to ask for each one.
Any thoughts as to the Value of Each??
We bought them through Resale! Yea!
I'm not going to pay someone to take them off my hands, so I'm not going to pay Escrow fees or transfer fees for the buyer. That as a minimum would be on them.
I see that Wyndham is now taking back properties at no cost to the owner. You also don't get anything for them, just we don't have to pay monthly maintenance fees.
I would prefer to try and get some of what we paid back if possible. If not and there is value to another member, I would prefer that they get those points for a small cost (Transfer and Escrow fees) rather than Wyndham getting them back for free and then turning around and selling at full Retail to another owner.
Let me know your thoughts!!!
Thanks Joe
These are the three we own
1
Wyndham Grand Desert
Undivided Interest - Even Year (UDI)
Points: 210,000
Total HOA Fee
Total HOA Fee for 1,000 Points: $4.43
Maintenance Fees: (105,000 / 1000) * $3.57 = $374.85
Reserve Fund: (105,000 / 1000) * $0.74 = $77.70
Property Tax: (105,000 / 1000) * $0.12 = $12.60
Total HOA Fee: (105,000 / 1000) * $4.43 = $465.15
Program Fee
Program Rate for 1,000 Points: $0.55
Program Fee: (105,000 / 1000) * $0.55 = $57.75
CLUB WYNDHAM Plus Assessment
Annual Fee: $465.15 + $57.75 = $522.90
* Monthly Fee: $522.90 / 12 = $43.58
2
Wyndham Kona Hawaiian Resort
Floating Week - Odd Year (F/W)
Points: 231,000
Total HOA Fee
Maintenance Fees: $451.80
Reserve Fund: $117.54
Property Tax: $16.62
Local Tax: $23.81
Total HOA Fee: $609.77
Contact your Property Management for the Condo Association Budget
Program Fee
Program Rate for 1,000 Points: $0.55
Program Fee: (115,500 / 1000) * $0.55 = $63.52
CLUB WYNDHAM Plus Assessment
Annual Fee: $609.77 + $63.52 = $673.29
* Monthly Fee: $673.29 / 12 = $56.11
3
Wyndham Kona Hawaiian Resort
Floating Week - Even Year (F/W)
Points: 231,000
Total HOA Fee
Maintenance Fees: $451.80
Reserve Fund: $117.54
Property Tax: $16.62
Local Tax: $23.81
Total HOA Fee: $609.77
Contact your Property Management for the Condo Association Budget
Program Fee
Program Rate for 1,000 Points: $0.55
Program Fee: (115,500 / 1000) * $0.55 = $63.52
CLUB WYNDHAM Plus Assessment
Annual Fee: $609.77 + $63.52 = $673.29
* Monthly Fee: $673.29 / 12 = $56.11
 

Ty1on

TUG Review Crew: Veteran
TUG Member
Joined
Jun 10, 2015
Messages
5,127
Reaction score
1,958
Points
348
Not sure what to do should we sell or give back????
Sorry for the long post.
We currently own 3 timeshares with Wyndham see below and can no longer use all these points each year. I've pooled them in the last couple of years, thinking we may use them. Only problem is that our needs have changed and we have not been able to use all the points. For the three our monthly cost is $155.80 or 1869.60 a year.
Would it make sense to list them in the for sale area?
I know that there are closing costs involved $299 to Wyndham and the fees to Escrow Company I think about $300.
Not even sure what to ask for each one.
Any thoughts as to the Value of Each??
We bought them through Resale! Yea!
I'm not going to pay someone to take them off my hands, so I'm not going to pay Escrow fees or transfer fees for the buyer. That as a minimum would be on them.
I see that Wyndham is now taking back properties at no cost to the owner. You also don't get anything for them, just we don't have to pay monthly maintenance fees.
I would prefer to try and get some of what we paid back if possible. If not and there is value to another member, I would prefer that they get those points for a small cost (Transfer and Escrow fees) rather than Wyndham getting them back for free and then turning around and selling at full Retail to another owner.
Let me know your thoughts!!!
Thanks Joe
These are the three we own
1
Wyndham Grand Desert
Undivided Interest - Even Year (UDI)
Points: 210,000
Total HOA Fee
Total HOA Fee for 1,000 Points: $4.43
Maintenance Fees: (105,000 / 1000) * $3.57 = $374.85
Reserve Fund: (105,000 / 1000) * $0.74 = $77.70
Property Tax: (105,000 / 1000) * $0.12 = $12.60
Total HOA Fee: (105,000 / 1000) * $4.43 = $465.15
Program Fee
Program Rate for 1,000 Points: $0.55
Program Fee: (105,000 / 1000) * $0.55 = $57.75
CLUB WYNDHAM Plus Assessment
Annual Fee: $465.15 + $57.75 = $522.90
* Monthly Fee: $522.90 / 12 = $43.58
2
Wyndham Kona Hawaiian Resort
Floating Week - Odd Year (F/W)
Points: 231,000
Total HOA Fee
Maintenance Fees: $451.80
Reserve Fund: $117.54
Property Tax: $16.62
Local Tax: $23.81
Total HOA Fee: $609.77
Contact your Property Management for the Condo Association Budget
Program Fee
Program Rate for 1,000 Points: $0.55
Program Fee: (115,500 / 1000) * $0.55 = $63.52
CLUB WYNDHAM Plus Assessment
Annual Fee: $609.77 + $63.52 = $673.29
* Monthly Fee: $673.29 / 12 = $56.11
3
Wyndham Kona Hawaiian Resort
Floating Week - Even Year (F/W)
Points: 231,000
Total HOA Fee
Maintenance Fees: $451.80
Reserve Fund: $117.54
Property Tax: $16.62
Local Tax: $23.81
Total HOA Fee: $609.77
Contact your Property Management for the Condo Association Budget
Program Fee
Program Rate for 1,000 Points: $0.55
Program Fee: (115,500 / 1000) * $0.55 = $63.52
CLUB WYNDHAM Plus Assessment
Annual Fee: $609.77 + $63.52 = $673.29
* Monthly Fee: $673.29 / 12 = $56.11

You don't need to give these back to Wyndham. They are decent points for the mf, so you are likely to give them away with buyer paying fees at a minimum, or even make a few bucks , especially if you seLloyd in Summer
 

presley

TUG Review Crew: Expert
TUG Member
Joined
Aug 20, 2011
Messages
6,313
Reaction score
1,121
Points
448
You don't need to give these back to Wyndham. They are decent points for the mf, so you are likely to give them away with buyer paying fees at a minimum, or even make a few bucks , especially if you seLloyd in Summer

With Ovation, wouldn't Wyndham pay for these? Or, is that just Worldmark accounts that Wyn will buy back?
 

tschwa2

TUG Review Crew: Veteran
TUG Member
Joined
Dec 19, 2008
Messages
16,063
Reaction score
4,712
Points
748
Location
Maryland
Resorts Owned
A few in S and VA, a single resort in NC, MD, PA, and UT, plus Jamaica and the Bahamas
I think that if they were annual you would have not trouble finding a taker and might be able to sell for a little pocket change. With the transfer fee and the fact that they are EOY you still might be able to find takers who will pay the transfer fee and closing cost but I wouldn't expect anything else.

I don't know which would be quicker to get out of your name so you can stop paying the monthly MF's.
 

puppymommo

TUG Member
Joined
Apr 1, 2006
Messages
1,182
Reaction score
151
Points
273
I didn't know that Wyndham was taking resale accounts in their give-back program.
 

Ty1on

TUG Review Crew: Veteran
TUG Member
Joined
Jun 10, 2015
Messages
5,127
Reaction score
1,958
Points
348
I think that if they were annual you would have not trouble finding a taker and might be able to sell for a little pocket change. With the transfer fee and the fact that they are EOY you still might be able to find takers who will pay the transfer fee and closing cost but I wouldn't expect anything else.

I don't know which would be quicker to get out of your name so you can stop paying the monthly MF's.

From what I've seen and heard, it's much quicker through Ovation. like maybe 3 months quicker.
 

dspcap

TUG Member
Joined
Jun 9, 2013
Messages
11
Reaction score
0
Points
111
I'm confused by the odd / even week. I thought each year you get the same amount of points? Sorry, newbie trying to learn by reading.

Went to a presentation two days ago and looking to buy resale.
 

ronparise

TUG Member
Joined
Feb 10, 2011
Messages
12,664
Reaction score
2,134
Points
548
so annualized its 336000 and fees work out to be $5.55/1000.... pretty good

if you find someone to pay the closing costs and transfer costs That will be something like $1500 or a little under a half a penny a point, also pretty good

I sent you a pm with a question
 

ronparise

TUG Member
Joined
Feb 10, 2011
Messages
12,664
Reaction score
2,134
Points
548
I'm confused by the odd / even week. I thought each year you get the same amount of points? Sorry, newbie trying to learn by reading.

Went to a presentation two days ago and looking to buy resale.

wyndham sold every other year contracts too
 

vacationhopeful

TUG Review Crew: Rookie
TUG Member
Joined
Sep 11, 2007
Messages
12,760
Reaction score
1,699
Points
498
Location
Northeast USA
wyndham sold every other year contracts too

I had been offered them YEARS ago as a "last pitch offer" before walking out the door with my $75-100 gift card for touring. Priced a bit higher than a straight every year ... the total cost was lower than an EVERY year points package. MFs are exactly the same on PER POINT cost.
 
Top