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South Beach Resort Purchase - seemed cheap enough what do you think?

NJCOBRA10tha

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Please read before you knee jerk rescind: We really liked Myrtle Beach and want to go there each summer. We are Wyndham owners with 310,000 points/year and were thinking about adding some more points. We live in Northern NJ so would drive but stay in Williamsburg the Friday/Saturday before and Friday/Saturday/Sunday after (we plan on going so that we return on Monday Labor day each year) and spend Sunday-Thursday nights in Myrtle beach.

This works out well because midweek is cheaper than weekends. We bought a package direct from Burroughs and Chapin the developer of 25,200 points/year for roughly $7,500 with $549 maintenance per year and $850 down and something like $126/month for 7 years. This is enough points for 4 midweek nights the time we want to come each year. We want 5 nights and there was a little mistake the salesman thought we had enough but when we were closing it was determined we have enough for 4 so he gave us an additional 10,000 bonus points for a total of 20,000 bonus points giving us more than enough to get that large 1 bedroom 899 sq foot each year for 5 nights for the next 2 years. After that we may switch to every other year, alternate 4 days instead of 5 or purchase a few more points to get the 5 days each summer.

Ebay showed no resales for this resort when I checked. When googling I found very little in the way of resales. This link seems kinda close to what we bought:
http://www.sellmytimesharenow.com/timeshares/index/content/details/AdNumber/375930/SearchType/resales/Operation/5/SearchResortID/5213/order/price/ It does give you a few more points but doesn't really seem compelling enough to buy this way. I know most of the time resale vs retail is a no brainer costing as little as 10% of retail but this is too close to make it worth it.

We liked the resort a lot and it seems much cheaper than adding approximately 90,000 points annually to have enough for 5 midweek nights in late August in a 1 bedroom in Myrtle Beach. Plus while I absolutely loved Wyndham Ocean BLVD my wife didn’t. She doesn’t care for hi rise buildings and much preferred South Beach Resort.
So what do the masses say?

-Dan

added: Also found these resales which don't seem to be as good a deal as my retail either:
http://www.timesharesonly.com/resort/5850#buy
 
Last edited:

sjuhawk_jd

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Looking at the wrong place for resale!

Look on ebay and you may be able to pick up a Mrytle beach week (fixed or floating) for next to nothing.
 

lprstn

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I say rescind..why? Cause you could probably do the following;

- Bank a 70K week and get South Beach or nicer through your trading company (RCI/II)
- Find another resort within Wyndam (there are about 3 in Myrtle..I like the Westwinds ... smaller, closer to the beach and most all rooms ocean view - however its an older resort).
- Take your time to find a better deal "resale"

However, in the end the choice is yours, and if you want South Beach and like staying there its up to you.
 
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