Williamsburg Presentation

[steve_solo]

I like to go to these to glean a tiny bit of information, plus the $110 in gifts.
What I learned (may not be news)
1.To get Wyndham to take your old deed and roll it into a new deed with lower MF's, you have to buy 150% of the old points (developer points only)
2.Supposedly, Wyndham sent out a letter a few years ago to legacy owners offering them a last time buy before 1) took effect. I never saw such a letter.
3. Sales lady explained why my MFs are so high. 3 rough breakdowns for Wyndham - City type such as NYC, Nat Harbor, San Fran are lowest fees. No parking, few amenities, newer. Land type such as Williamsburg, Lake Lure,Flagstaff, etc are old and need lots of updates plus they have land, pools, and expensive amenities. Third type is Beach , like Myrtle beach. These are in the middle pack, Not as old for upkeep and not much land to maintain.

The sales lady wanted to get me a waiver on #2 above. I told her I would buy a new contract at a low fee resort if I could roll my developer points to it as well. That way I would have a 5 or 10 year payback. Manager came over and showed me the crazy 150% purchase amount. My payback would then be about 100 years. lol
Of course he argued I could rent the new points and pay all my MFs. (eyeroll)
Their story never changes.

 

[cbyrne1174]

The best way that I feel like optimizing a Wyndham ownership is only keeping low MF deeds and spending the $4,000 to get about 20,000 WorldMark points so you can trade with Marriott and have access to all the WM properties without having to pay the BS $99 club pass fee. WM maintenance fees are lower than Club Wyndham because you are only given enough housekeeping credits to cover full week reservations and they don't have a VIP system, so everyone pays equally keeping MF low. Also, Club Wyndham VIP benefits don't apply to the WorldMark locations, so when you buy to be VIP, you only get benefits at half the resorts anyways. Retail purchases only work if you can always travel within the 60 window during the off season and only need access to the Club Wyndham locations.

 

[bobinmich]

My sister/husband attended a presentation in Williamsburg THIS morning (I believe at 8am), (they are at Patriots place, but not sure if that is where the presentation was), and she said it was a "breeze". They are resale buyers only.

 

[Skipper Scooby]

I couldn't tell you how many times I've heard the "You didn't get the letter?? Let me get my manager for you." bit from them.

 

[drepublic]

I like to go to these to glean a tiny bit of information, plus the $110 in gifts.
What I learned (may not be news)
1.To get Wyndham to take your old deed and roll it into a new deed with lower MF's, you have to buy 150% of the old points (developer points only)

Not True. I did exactly this buying 63% of the old points in May of 2018. My first purchase was 200,000 CWA in April 2018 and not too long after I made a 126,000 additional UDI point purchase in Clearwater (mainly for ARP but lower maintenance fees were a bonus). The 200,000 CWA were all direct equity trade in to the Clearwater contract (now at 326,000 UDI points).

 

[SNA27]

My 315k CWA was traded into 420k Grand Desert deed with an additional purchase of 105k points. The problem with trades is you don't get bonus points!

 

[steve_solo]

I can think of a couple explanations for why Sales told me something different than SNA27 and drepublic-
1- my MF's are higher than some unpublished threshold they will take easily on trade. Maybe $6/1K is the limit?
2- they just made it up thinking I was crazy enough to buy 150% of my points.
Since they have told me this same story several times, I am leaning to 1)

 

[dgalati]

I can think of a couple explanations for why Sales told me something different than SNA27 and drepublic-
1- my MF's are higher than some unpublished threshold they will take easily on trade. Maybe $6/1K is the limit?
2- they just made it up thinking I was crazy enough to buy 150% of my points.
Since they have told me this same story several times, I am leaning to 1)

They keep detailed notes of anything that has ever been offered to you every time you sit through a WOW or owners update all details are documented. The details of your account also includes every phone conversation or open ticket you have had with owner care also. They usually come out with a print out of your ownership and the details ao any interactions you may have had with them in the past. Ask to read it you would be surprised of the details on this print out.

 

[SNA27]

@steve_solo, Before TUG, I would have picked 1. After TUG, I will bet my house on 2!

 

[SNA27]

They keep detailed notes of anything that has ever been offered to you every time you sit through a WOW or owners update all details are documented. The details of your account also includes every phone conversation or open ticket you have had with owner care also. They usually come out with a print out of your ownership and the details ao any interactions you may have had with them in the past. Ask to read it you would be surprised of the details on this print out.

What's this? Some kind of Oppo Research? Or an FBI 302?

 

[dgalati]

@steve_solo, Before TUG, I would have picked 1. After TUG, I will bet my house on 2!

Number 2? I hear talking about it will get a thread locked!

 

[dgalati]

What's this? Some kind of Oppo Research? Or an FBI 302?

I have asked to read the history on my account. I was out the door when the sales weasel caught up with me at gifting and asked for them back.

 

[OutSkiing]

I have asked to read the history on my account. I was out the door when the sales weasel caught up with me at gifting and asked for them back.

I just take pictures of the documents on the table.

 

[chapjim]

Number 2? I hear talking about it will get a thread locked!

Only if you talk about where you can find it on the sidewalks.

 

[Grammarhero]

They keep detailed notes of anything that has ever been offered to you every time you sit through a WOW or owners update all details are documented. The details of your account also includes every phone conversation or open ticket you have had with owner care also. They usually come out with a print out of your ownership and the details ao any interactions you may have had with them in the past. Ask to read it you would be surprised of the details on this print out.

What is WOW?

 

[dgalati]

What is WOW?

Wyndham Owners Workshop. It was just another way of luring you in for the hard sell. You would be surprised how many bought (no pun intended) into it. .

 

[DRIless]

My sister/husband attended a presentation in Williamsburg THIS morning (I believe at 8am), (they are at Patriots place, but not sure if that is where the presentation was), and she said it was a "breeze". They are resale buyers only.

All Williamsburg sales presentation/owner updates are at Governors Green Resort.

 

[SNA27]

Wyndham Owners Workshop. It was just another way of luring you in for the hard sell. You would be surprised how many bought (no pun intended) into it. .

Really? Not Weasels of Wyndham? Or Wreckers of Wealth?

Actually, it could be WorkOUT, not Workshop!

 

[dgalati]

Really? Not Weasels of Wyndham? Or Wreckers of Wealth?

Actually, it could be WorkOUT, not Workshop!

All may apply but only if you let it happen. $100 is not worth the time IMHO