My wife and I have 6,000 Worldmark points that we purchased about 20 years ago for around $13,000.
We use it every year and end up buying bonus time weeks for around $450 to make up for only having 6,000 points (we vacation several weeks each year).
My wife thinks we should buy more points, and I'm not sure how that works. I know there is a transfer fee, but do the points purchased second hand work the same way as points purchased directly from the timeshare company? Are there any restrictions on points purchased directly from owners who are selling their timeshare?
I've researched a little and found points tend to sell for around 20 cents these days, but more points mean more maintenance fees.
Is it better to just keep buying bonus time or is there some benefit to owning the points?
Also, I see a lot of people saying how great some of the other timeshare companies are. If we are happy with Worldmark, is it better to buy more Worldmark, or is it better to have a variety of timeshares in your portfolio?
If this topic has been covered, please point me in the right direction.
Thanks in advance!
We use it every year and end up buying bonus time weeks for around $450 to make up for only having 6,000 points (we vacation several weeks each year).
My wife thinks we should buy more points, and I'm not sure how that works. I know there is a transfer fee, but do the points purchased second hand work the same way as points purchased directly from the timeshare company? Are there any restrictions on points purchased directly from owners who are selling their timeshare?
I've researched a little and found points tend to sell for around 20 cents these days, but more points mean more maintenance fees.
Is it better to just keep buying bonus time or is there some benefit to owning the points?
Also, I see a lot of people saying how great some of the other timeshare companies are. If we are happy with Worldmark, is it better to buy more Worldmark, or is it better to have a variety of timeshares in your portfolio?
If this topic has been covered, please point me in the right direction.
Thanks in advance!