Jump in resale prices

[lcml11]

I agree with this assessment. People are giving their stuff back to Wyndham for free instead of paying a relief service. I think the only thing we will see in eBay as we move forward are deeds that actually have resale value because of location or low maintenance fees. And the price will go up. I paid $9/1000 for a Bali Hai Presidential Reserve contract and am very happy with that. You will see much more of that and less low point/high MF contracts. They will go to Ovation.

I would think that a more reliable indicator would be when re-sellers, such as Wyndham and/or others, start paying a significant amount for a re-sale for their inventories.

At least in Wyndhamland, it appears re-sale values now have a floor of zero instead of negative values.

 

[ronparise]

A more reliable indicator of what?


What's being said on this thread is that the smaller contracts are still worth less than zero. Ovation is a good deal for sellers of these contracts but the larger contracts have value. How much depends on the maintenance fees

Resellers (like me) will pay more when they can sell for more. I'm not paying more just hoping to prices will go up. Wyndham will pay more only when they have to. To attract inventory

 

[jbteal]

I am new to TUG. I found it when whyndham had me believing their lies. Thanks to all of you I got a full refund .Did any one else see the listing on ebay last night 1,143,000 platinum vip points it sold for $30,000 it said vip goes with it .Is that even possible?

 

[nicemann]

I am new to TUG. I found it when whyndham had me believing their lies. Thanks to all of you I got a full refund .Did any one else see the listing on ebay last night 1,143,000 platinum vip points it sold for $30,000 it said vip goes with it .Is that even possible?

Someone was stating the same kind of deal here on and they were selling it through the TUG marketplace. Don't think anyone ever said how they were doing it. Had me wondering then.

 

[ronparise]

I am new to TUG. I found it when whyndham had me believing their lies. Thanks to all of you I got a full refund .Did any one else see the listing on ebay last night 1,143,000 platinum vip points it sold for $30,000 it said vip goes with it .Is that even possible?

Yes I saw it and I know the seller. I also know the secret of how its done and it looks like so does he; and so will you if you buy this account. I suggest that you put the 30 k into escrow to be released after the contracts settle and Platinum status is achieved.

 

[ronparise]

Yes I saw it and I know the seller. I also know the secret of how its done and it looks like so does he; and so will you if you buy this account. I suggest that you put the 30 k into escrow to be released after the contracts settle and Platinum status is achieved.

Too late... its now marked sold....

 

[bnoble]

I'd guess either a trust w/change in trustee, or a VIP account where someone is added, and...later...the original owner is removed (possibly at said owner's demise). Whether either works or not I have no idea.

Either way, I'm not sure I'd pay $26/K for it.

 

[ronparise]

I'd guess either a trust w/change in trustee, or a VIP account where someone is added, and...later...the original owner is removed (possibly at said owner's demise). Whether either works or not I have no idea.

Either way, I'm not sure I'd pay $26/K for it.

none of that

 

[foundyoubyaccident]

I am new to TUG. I found it when whyndham had me believing their lies. Thanks to all of you I got a full refund .Did any one else see the listing on ebay last night 1,143,000 platinum vip points it sold for $30,000 it said vip goes with it .Is that even possible?

I am wondering if they are claiming relation, such as a step daughter/son or step brother/sister.

 

[vacationhopeful]

More likely a direct by Wyndham owner who paid $30,000 for a 154K direct buy contract and believes they got a bargain of a lifetime.

And actually did MORE research this time than they did when they brought directly from Wyndham.

 

[Slinger]

I am wondering if they are claiming relation, such as a step daughter/son or step brother/sister.

None of those. No family. No relation. No adding to the account then removing a name. No trust transfer.

 

[ronparise]

I am wondering if they are claiming relation, such as a step daughter/son or step brother/sister.

not that either

 

[ronparise]

More likely a direct by Wyndham owner who paid $30,000 for a 154K direct buy contract and believes they got a bargain of a lifetime.

And actually did MORE research this time than they did when they brought directly from Wyndham.

nope

 

[nicemann]

If several people know...whats the big secret? Pretty sure Wyndham would know also but like everything else they just haven't had the skill to fix it yet.

 

[spackler]

It's not a big secret. Make an LLC the owner of developer platinum points, then change owner of LLC at a later time.

(I don't know if that's what this particular eBay seller is doing, but the LLC method is one route to take)

 

[Slinger]

It's not a big secret. Make an LLC the owner of developer platinum points, then change owner of LLC at a later time.

(I don't know if that's what this particular eBay seller is doing, but the LLC method is one route to take)

Nope. There will be no LLC/Trust/Company/Corporation involved.

Though that may work, I have no idea.

 

[spackler]

I can't imagine whatever method is being used is much easier/cheaper than the LLC method. It costs all of $90/$30 to create/amend an LLC in my state. Takes 5 minutes to fill out.

 

[nicemann]

I personally think it's crazy Wyndham (along with other timeshares) can treat resell different then developer purchases. Once upon a time all resell was bought from the developer. So they were paid full price for the points or deed. I am sure this has been debated over and over on here. Just my personal opinion.

 

[BellaWyn]

I personally think it's crazy Wyndham (along with other timeshares) can treat resell different then developer purchases. Once upon a time all resell was bought from the developer. So they were paid full price for the points or deed. I am sure this has been debated over and over on here. Just my personal opinion.

If you are on the receiving side of the $$ pool (aka WYN) then it doesn't translate to "crazy" it translates to "profits" and, in some circles, that's as sane as it gets.

 

[ronparise]

Even with the discounts a VIP owner who buys from Wyndham pays a lot more more per vacation than the secondary market buyer does for the same vacation.

If there is a "two class" system it's the guy that pays developer prices that gets the short end of the stick, especially the guys that don't buy enough to get to VIP

Secondary market buyers go first class for less

 

[happyhopian]

I agree with this assessment. People are giving their stuff back to Wyndham for free instead of paying a relief service. I think the only thing we will see in eBay as we move forward are deeds that actually have resale value because of location or low maintenance fees. And the price will go up. I paid $9/1000 for a Bali Hai Presidential Reserve contract and am very happy with that. You will see much more of that and less low point/high MF contracts. They will go to Ovation.

I agree to the point that it is a negative loss but if I can get $4k for my contract on ebay and I get $0 from Wyndham I'm taking the $4k route.

 

[cayman01]

I agree to the point that it is a negative loss but if I can get $4k for my contract on ebay and I get $0 from Wyndham I'm taking the $4k route.

Agreed, but the point Ron and I are making is your not going to get $4k for a Shawnee or Sapphire Valley or any of the other low desire, high MF places. These properties are going to go to Ovation for free instead of being sent to a marketer for a fee. Those ones on eBay for a buck? The marketer already got his money from the owner. He just wants it off his hands so he doesn't have to pay the MF's.

Which brings us to another point. CWA MF's. I think these babies are going to skyrocket again next year because most of the contracts that are going thru Ovation I believe are the ones with ZERO resale value and HIGH MF's. With no low MF contracts heading into CWA look for your MF's to come in near $7 next year. I would be very skeptical about buying into CWA until this settles out.

 

[bnoble]

I'm not as worried. We've heard plenty of reports of Ovation turning down such deeds. They seem to be angling for a healthy mix of properties on intake.

 

[comicbookman]

I'm not as worried. We've heard plenty of reports of Ovation turning down such deeds. They seem to be angling for a healthy mix of properties on intake.

The ones they took from me had high mf one had just hit $10 and the other 2 were near 7

 

[bnoble]

Sure. I didn't say they were taking none of them. But they have turned down some.