Should we try and sell or give back to Wyndham?

[jlfernandez5]

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]

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]

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]

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]

I didn't know that Wyndham was taking resale accounts in their give-back program.

 

[comicbookman]

I didn't know that Wyndham was taking resale accounts in their give-back program.[/QU

They do, it's just that they give you nothing for them. I have turned in one and am in the process of turning in 2 more, all resale.

 

[Ty1on]

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]

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]

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]

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]

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.