Will WN Resale stay low? Your opinion please

[amerikrainian]

I am wondering what the opinions are of those who have been around this resale thing for several years. Now that the economy may be getting better (I just sold my Ford stock for 2.5 times what I paid for it early '09) in some aspects, do you think these wyndham point acutions on ebay will keep going for $1 or unsold for long? How much longer? I promise not to constrew your opinion as fact, it would help though to know what the general consensus is on this (if there is one).

As a small additional question, to clarify, an RCI weeks membership comes free with wyndham points. But it isnt a RCI point membership. How do they differ?
If somebody else asked this question before, and an answer is out there, I would be glad to follow a link you might post here too.

Thanks.

Stephen Ratay

[bnoble]

Timeshare resales rarely go higher.

But, if you want a prediction, this is as good as any:
http://web.ics.purdue.edu/~ssanty/cgi-bin/eightball.cgi

[Rob&Carol Q]

1st Off...remember how much you are paying for this advice...

My take on this issue is simple. I see no rapid rebound of the American economy across the next year. I expect it to get better but not across the board and certainly not good enough to support a surge in Timeshare prices. So I do not expect a noticable increase in Timeshare Resale prices. BTW, congratulations on the Ford stock!

Probably less than $100 (yup, one hundred dollars) for a smallish package of 105,000 annual points for the near term (one year). Unless you are in a hurry, there is no need to pay more. Remember also that I am talking the cost of points, not closing costs or any other fee associated with the deal.

All maintenance fees will remain in effect so don't forget to account for them in your search.

As for me personally...My Bride and I will be buying some points later this Summer via an ebay auction. I am more looking at the MF vice location as the points are more important to me than any location.

[Bill4728]

Originally Posted by amerikrainian

I am wondering what the opinions are of those who have been around this resale thing for several years. Now that the economy may be getting better (I just sold my Ford stock for 2.5 times what I paid for it early '09) in some aspects, do you think these wyndham point acutions on ebay will keep going for $1 or unsold for long? How much longer? I promise not to constrew your opinion as fact, it would help though to know what the general consensus is on this (if there is one).

It is anyone guess. It is hard for me to understand how a compnay can allow it product to be sold for $1, when Wyndham is selling the same thing for tens of thousands of dollars. They (WYN) may not have ROFR, but why they are not picking up the resales for $1 I don't know.

As a small additional question, to clarify, an RCI weeks membership comes free with wyndham points. But it isnt a RCI point membership. How do they differ?
If somebody else asked this question before, and an answer is out there, I would be glad to follow a link you might post here too.

With RCI weeks, you trade a week of TS at a resort for other weeks. If you have a really great week but only want a so so week you will trade down. If you have a so so week but want a really great week, you may never be able to get the great week because you will not have enough trading power to get it. BUT sometimes, you can trade a so so week and get a really good week if the really good week is in a area with lots of supply.

With RCI points, all the weeks are given a point value. (based on size, season, resort quality and supply & demand) You then use those points to trade for other weeks. If you have a really great week but only want a so so week you will not use all your pts to trade for the so so week. BUT if you don't have enough pts, you can combine pts from 2 RCI pt TSs or pts from different years to get enough pts to trade for a really good TS that in weeks you may never would have been able to get otherwise.

If you want RCI pts, find a different TS system than WYN or WM because even though they are sister companies with RCI, owners only have access to RCI pts if they buy direct from the developer. There are many TS you can buy resale and still get RCI points.


Hope this helps.

[Don40]

IMHO resale prices will remain low as there is an oversupply of WYN TS for sale. WYN is the largest TS and sold to more members than anyone involved in the TS industy plus we are all at different stages in the life cycle. This product does not disappear after a time certain, it continues on. So if we make it to eighty years old or so we will not travel as much and the relative value of the TS to us declines and we would be willing to get rid of it at any cost. Most of us would like for our kids to take it over, but that means a lifetime of maintenance fees and hopefully they would want to commit to the MF.

Naturally when there is an oversupply of any product the price declines. I cannot see prices going much higher until there is only about 50 for sale listing on e-bay per month. Less supply, higher prices. This could happen because of the economy, many individuals were forced to dump the product and once that oversupply gets corrected, resale prices might go back to $.02 to $.05 per point.

Again this is my opinion.

Don

[joestein]

Originally Posted by Bill4728

It is anyone guess. It is hard for me to understand how a compnay can allow it product to be sold for $1, when Wyndham is selling the same thing for tens of thousands of dollars. They (WYN) may not have ROFR, but why they are not picking up the resales for $1 I don't know.

It is very simple.

If Wyndham buys the TS for $1 it is now responsible for the maintenance. This way it stays as maintenance for the owner.

The only way Wyndham would buy back the TS is if they had a shortgage of units to sell.

Joe

[Culli]

Originally Posted by joestein

It is very simple.

If Wyndham buys the TS for $1 it is now responsible for the maintenance. This way it stays as maintenance for the owner.

The only way Wyndham would buy back the TS is if they had a shortgage of units to sell.

Joe

Very true, I was talking with someone at Wyndham corporate about something. He said you have a lot of points and we value you, we are not the Wyndham sales people. Long story short but he basically thanked me for being an owner and said you pay a lot MFs to the company, I don't care if you bought resale I'm not a sales guy. He also said he hates the reputation the sales guys give the rest of the company. Now this is just one guy, but it was nice not to be referred to as a some 2nd class citizen.

Wyndham wants those units pulling in the MFs, the more they own the worse off they are.

[donnaval]

I don't see the resale prices increasing, and will add another reason to those listed--Wyndham treats its owners like crap and the word spreads. Sky-high fees (transaction fees, guest certificate fees, housekeeping fees, etc.) on top of high maintenance fees, constantly changing terms and conditions, difficulties in getting online visible exchanges...it just goes on and on. Disgruntled owners don't keep their opinions to themselves.

[joestein]

Now if Wyndham stops constructing new properties and it causes them to be short units to sell, that would be interesting.

[Jya-Ning]

Originally Posted by joestein

Now if Wyndham stops constructing new properties and it causes them to be short units to sell, that would be interesting.

They will work with other developers, and brought their inventories in. That way, they have very little risk at both front.

Jya-Ning