Wyndham points - good? (And other questions)

[sml2181]

I was asked if I would be interested in taking over a little over 1 million points.

Asking price is 5000$ and includes closing and resort transfers.
Annual fees would be a little over 4200$ in total.

Is this good? Could I do (much) better?
What questions should I ask?

I would be interested in using the points in San Francisco and at National Harbor mainly - not during holiday weeks, but during "regular" prime weeks and not for full weeks. I would like to get at least 2 bedroom units but would prefer 3 bedroom units where possible. We would be willing to reserve multiple units to accomodate the actual number of people though (usually at least 8-10 people).

How hard would it be to get these resorts at 10 months out?

Thanks!

 

[timeos2]

Sounds good and very reasonable cost

Is this good? Could I do (much) better?
What questions should I ask?

You can't do much better than .05/point including all transfer fees. It's basically free. No specific questions beyond the obvious what home resort, use year (what start date) and (you ave this) annual fee.

I would be interested in using the points in San Francisco and at National Harbor mainly - not during holiday weeks, but during "regular" prime weeks and not for full weeks. I would like to get at least 2 bedroom units but would prefer 3 bedroom units where possible. We would be willing to reserve multiple units to accomodate the actual number of people though (usually at least 8-10 people)

How hard would it be to get these resorts at 10 months out?

There shouldn't be any issue getting what you desire with timely (as close to the 10 month mark as possible) for 2 bedroom or less for a full week. You'll usually be able to get 3 bedroom IF the resort has a few (not all do) but not every request.

Less than a week can be problematic as other request date limitations come into play. With a million annual points to play with you may find that it makes more sense (and ends up costing less in bottom line expenses) to reserve the full week rather than 3-4 days even if a day or two actually goes unused. Between the easier reservation window and the extra housekeeping, etc simply making a 7 day request may be a safer way to go. Also remember to utilize pooling and renting points to maximize flexibilty and you should have a great package, go where you want when you want for little more than the annual fees.

It sounds like a good deal to me.

 

[Bill4728]

Does Wyn have a resort in San Fran?? I don't think so There is a Worldmark resort there but you should never plan on getting into a WM resort using wyn.

Adding wyn pts may be a good idea but I'd think about adding 1 wyn TS (about 154K), I'd not add 1 million Wyn pts since you already own several TS.

 

[cirkus]

There is a Wyndham Canterbury at San Francisco which is part of Club Wyndham. Not a Wordlmark. Seems to have availability when I check various dates.
Bill

 

[BellaWyn]

Wyndham 1MM Points

The Wyndham Online Directory details the locations and reservation point values. (SF - pg 24, NH - pg 38).

The purchase price is good. SF and NH are high-point locations (urban always is). A prime 7N stay in a 2BDX SF=400K pts (roughly $240/night), NH=250K pts ($150/night) @ $4.20/K.

Is this a single contract for the 1MM or multiples that equal 1MM? Presume they are all UDI and none converted FW locations.

 

[yoohoo]

The 2BDX will only handle six persons in San Francisco; even the 2B Presidental will handle only six. The only 3B available are Presidental and cost per week is 625,000 points. All weeks are prime.

One other thing, do not count on getting VIP since this is most likely considered resale.

 

[sml2181]

Thanks for all the advice...

I checked the online members guide and it looks like I do "need" the high number of points. I understand about not getting elite - but although I have elite status with both HGVC and Starwood, I think I'll be ok with Wyndham (because of the purchase price).

I will ask about UDI or converted Wyndham locations.
How can I tell and why does that matter?

It is not 1 contract - it's a package.

Obviously I need to read the online directory a few more times...
Thanks again.

 

[timeos2]

"VIP" should be removed from the vocabularly of Wyndham buyers

Thanks for all the advice...

I checked the online members guide and it looks like I do "need" the high number of points. I understand about not getting elite - but although I have elite status with both HGVC and Starwood, I think I'll be ok with Wyndham (because of the purchase price).

You got that exactly right. What you are buying would give you absolute use rights. the so called "VIP" has multiple and changing levels, benefits and could be ended tomorrow if Wyndham decided to do so with no recourse from buyers. Spending one cent to get it is a waste (and we're not talking a cent we're talking thousands to tens of thousands to achieve "status"). You don't need it when you ave the real points to use wisely. It should be eliminated from the smart (read RESALE) buyer of Wyndham Points. Those who got it back in the days when resale purchase counted should be happy to have it & utilize it as much as they can. (Before Wyndham tries yet again to take it away as they have before) They paid nothing extra to get it so it is truly a nice thing to have and anything they get is gravy. Those that came after aren't missing anything of great value and can safely ignore that VIP even exists. The savings on resale today dwarf those of the period when VIP still transferred and it would take decades to even (maybe) break even now if the VIP benefits stayed as they are today (and history says they will continue to be cut).

You are on the right track with your plan IMO.

 

[Jya-Ning]

I will ask about UDI or converted Wyndham locations.
How can I tell and why does that matter?

If you get converted week, at ARP time, you can only get these week. But it will be your week at ARP time, nobody can get it. It will have some impact on MF, but I guess you look at the overall MF and satisfied with it already.

Since you already has several other timeshares, the total number of points to you will be a lot to use personally. You will need either a big family or you are doing renting business. Than that maybe a difference.

Jya-Ning

 

[sml2181]

Thanks again for all the thoughts.

Yes, I too think that a million points is a little much. But, I do think I may actually use them.

Jya-Ning - Yes, indeed, big family and taking friends doesn't really help either. And being Europeans means that we vacation half of the year. (Kidding.) We are now so used to reserve multiple 2 or 3 bedroom units during the same time - very nice.
And - part of our Hilton and Starwood weeks are converted to hotel points most of the years so I am borrowing points all over the place already.

Back to Wyndham.
I found another package for more or less the same number of points but the mf's are 500$ lower - and I prefer mf's to be as low as possible in this case. And purchase price is also almost 1000$ less. I would have to pay 475$ closing including resort transfer fee. (The annual fees I mentioned earlier were actually a little higher - they were more like 4800$ per year.)

There is a "BUT" - the package I mentioned in my first post was offered by someone I know. Not a very dear friend, but still - someone I know pretty well. I offered to rent points from her first, but her DH doesn't want that. He wants to sell. I offered to try to help (like here in the Tug Marketplace, and the other free websites, but he doesn't want that either. He only wants to sell to someone he knows.)
But, my DH wants me to purchase something in our own best interest and preferably not from this person anyway. Especially not since I found this other package.
And part of me wants to help HER out. I am not sure yet if it would be worth it to make a big fuss out of this. (500$ initial purchase price plus 500$ difference in mf's.) Maybe good for another thread.

I spent almost the whole night and day reading the Wyndham directory back and forth, reading the Tug Wyndham department back and forth, making a spreadsheet with points and costs and searching for points packages. I don't think I see things very clear at the moment .

Thanks again!

 

[chriskre]

Why don't you let her know that you found a better deal and see if she will match it because you'd rather purchase from her. Use the good cop, bad cop strategy and just say that your husband won't approve the purchase unless she considers what others are asking out in the market. If you can show her that she is overpriced compared to someone else you might get it for the same price.

 

[vacationhopeful]

That $500 per year in MFs is for every year. 10 year is the $5,000 purchase price.

Just tell your acquitance that your husband is insisting that your buy the package he is recommending. Keeping peace with your husband and keeping the $500 this year off the price and $500 every year in the future MFs is something you truly need to value.

 

[Jya-Ning]

Sounds like you could use other TS.

Where is your friend's deed based on? And where is the other package's deed based on?

The deed in FL will have real state tax outside of MF.

A special assessment occurs every 10 years that ask for $5 per 1k will balance the difference.

Since it is not family, I think you should approach this as pure business. With friend, you may add some margin on one time fee, but should not do that for the recurring fee. Otherwise, it will become your problem and there may not have friends that willing to take over from you.

Jya-Ning

 

[sml2181]

Chriskre, Vacationhopeful,

You are so right - I told her I am not going to purchase the package...

Jya-Ning, fyi, this package is deeded in Pompano Beach, Branson and Vegas.
The other (2nd) package is deeded in Vegas and Kona..

Do all the resorts have that special assesment every 10 years?
How long should it take before I can actually search availability online?

Thanks - again!

 

[Jya-Ning]

Do all the resorts have that special assesment every 10 years?

No necessary. Some resort with enough reserve and help from nature and the local government will not have any SA. Some resort may survive longer if they get unlucky

How long should it take before I can actually search availability online?

Thanks - again!

Should be after they accept your transfer. Hawaii deed usually take longer to record, and transfer usually is another 2 weeks to 8 weeks after deed recorded.

Jya-Ning