Yearly points [Aviawest]

[spirits]

Hi Everyone. This is sort of a long post and suitable for only the die hard timeshare addict. But if you would take the time to read and clear up any errors in thinking I may have I would be forever grateful.
I have been playing around with buying a points package from Aviawest. I almost bought a wonderful 92000 summer week for a good price but was outbid at the last minute Then I read about the financial difficulties Aviawest was in and so let my addiction rest for a bit
My husband and I travel to Vancouver Island every year and will do so for at least 10 more years. We usually rent a non timeshare unit and love it but the ownership bug has me and I am always looking into buying into Aviawest, especially if I can get a good price resale. My DH tells me we have the best deal already, renting with no obligations but the siren song of timeshare ownership is calling me and I need a new addiction since I quit smoking 7 years ago
Now I am in conversation with an owner for a points package (46000) from Aviawest who is willing to give it away and I just pay closing costs.
I was surprised to find the maintenence fees for his package were just slightly below that of the 92000 package. $100 or so difference. I was thinking of getting 2 smaller packages to make up around 80000 points and buying the rest as I need them on ebay. But then the MF for the 2 packages would be over $1200 when the MF of the 92000 points was just over $700.
I once read that a single owner can combine two smaller points package with the resort to get the MF to what the points combine for in a larger package.
It is easy to get a package from Aviawest for 30-40 thousand points, but harder for larger points. Buying a small package and buying points on the internet would still get those MF over $1000.
I know the best answer is to buy a small points package and go travelling there off season but I am tied to school holidays and so want summer weeks.
I am not in a rush and waiting to hear how Aviawest is going to emerge after their financial difficulties get straightened out. Pacific Shores and Victoria Parkside are the two sites we would mostly stay at and they are the ones rumored to be sold off.
Any insight, or better still, inside information?

 

[aliikai2]

You are talking about RCI points

So why do you care where they are based? The general rule is buy the lowest annual cost per point unit you need. Vacation Villas in Orlando gets around 92K for about $800 annual cost and these seem to close on Ebay for next to nothing.
Buying Aviawest right now seems like an unsound move. If they do get taken over, you will need to spend $$$ to convert to the new system. If they close, you end up with nothing.

jmho,

Greg

 

[spirits]

Buy where you will travel

A long time ago I read where you should only buy near where you live and where you want to go. It has served me well so far.
A lot has changed over the years in timesharing. We do not really want to trade much, just stay in this area so that is why I was thinking of Aviawest. But I think you are right to see who takes over ownership of the two Aviawest resorts. Thanks.

 

[shemsi1]

I am not in a rush and waiting to hear how Aviawest is going to emerge after their financial difficulties get straightened out. Pacific Shores and Victoria Parkside are the two sites we would mostly stay at and they are the ones rumored to be sold off.
Any insight, or better still, inside information?

Good decision to wait it out...This is a reply that we sent to someone who replied to some of our previous posts:

Don't know what to tell you at this point. It looks like the courts are moving to simplify their task in squeezing out what little value was left after the Pearson family was through with AviaWest & Pacific Shores.

We tried to raise important issues concerning the loss of value that current AviaWest & Pacific Shores owners were facing, but it looks like there's a push to prematurely close the "reorganization" and flush out whatever value is left to creditors.

Owners are left in the lurch. There is a very strong probability that the Pearons over sold the unit/time slots available during the construction of Parkside Victoria. This means that AviaWest purchasers (the 2nd Pearon family purchase we made) are in danger of losing their investment in the AviaWest point system.

The court appointed monitors are in the process of seizing unit/time inventory in Victoria & Parksville. Some of that inventory had to have been deposited with RCI and used as collateral for the RCI points oversold by the Pearsons. Documenting this would require some forensic accounting and appears to be outside the interest level of the court appointed monitors.

This is what Vacations Internationale are referring to as unsecured points … we suspect that our "ownership" will be flushed down the "experience" toilet by the Canadian authorities as the Pearsons exit with the millions in prepaid management fees they forced Pacific Shores & AviaWest to pay them before filing for protection.

For the latest on the Pearons' reorganization check out:
http://www.grantthornton.ca/services/reorg/bankruptcy_and_insolvency/aviawestgroup