Deedback or resale value?

[levatino]

I own two converted fixed weeks:
Pagosa Springs 182,000 points for $1110 year w/program fee included
Fairfield Bay 154,000 points for $793 year w/program fee included

Do you think these have resale value? I know the points per $ ratio is pretty good and I would hate to see them go back to Wyndham for naught.

Thank you!

 

[Grammarhero]

I own two converted fixed weeks:
Pagosa Springs 182,000 points for $1110 year w/program fee included
Fairfield Bay 154,000 points for $793 year w/program fee included

Do you think these have resale value? I know the points per $ ratio is pretty good and I would hate to see them go back to Wyndham for naught.

Thank you!

You might get $200 for Fairfield Bay, maybe as high as $500.

 

[PeterS]

I own two converted fixed weeks:
Pagosa Springs 182,000 points for $1110 year w/program fee included
Fairfield Bay 154,000 points for $793 year w/program fee included

Do you think these have resale value? I know the points per $ ratio is pretty good and I would hate to see them go back to Wyndham for naught.

Thank you!

If you have decided it is time to let them go... contact Ovations for an offer.
You may be offered three years of usage with no annual fees...
You may think it is $0 but three years of 336,000 points (with no fees - value $1903 per year times three = $5709).
You can try for $300 - $500 for each or accept $0 and almost $6000 in vacation value...
Your choice.... just remember... if Ovation offers the 3 year deal, you have to accept it on that call, if you don't and call back later, they may or may not offer it again... just decide whether you would take that offer before you call...
Good luck!

 

[tschwa2]

You have to ask about Limited Edition. If you only mention Ovations, they won't offer Limited Editions- which is the 3 years of use.

 

[Sandi Bo]

You have to ask about Limited Edition. If you only mention Ovations, they won't offer Limited Editions- which is the 3 years of use.

So many rules, lol.

Are there restrictions on use, too? Like no guests, only the owners? Or am I making that up?

I always wondered, if someone has decided they no long can use and/or want their timeshares - how much will they still use it in the next 3 years? Like giving someone dessert when they say they are full and couldn't possibly eat another bite?

 

[R1964]

I hope someone here can answer a question for me. I have two deeded fixed weeks formally Fairfield timeshares one in Williamsburg VA and the other at Fairfield Harbour in New Bern, NC. They are now owned by Wyndham. I would like to deed these weeks back to Wyndham and wanted to know if anyone knows if this is possible. Other possibility is to just give them away and pay for the closing cost and transfer fee for the new owner. We've had these weeks for over 30 years and are just not using them anymore and would like to get rid of the burden. Any insights would be appreciated.

 

[Sandi Bo]

I hope someone here can answer a question for me. I have two deeded fixed weeks formally Fairfield timeshares one in Williamsburg VA and the other at Fairfield Harbour in New Bern, NC. They are now owned by Wyndham. I would like to deed these weeks back to Wyndham and wanted to know if anyone knows if this is possible. Other possibility is to just give them away and pay for the closing cost and transfer fee for the new owner. We've had these for over 30 years and are just not using them anymore and would like to get rid of the burden. Any insights would be appreciated.

I would call Wyndham (Ovations) and see if they'll take them back. I called them when it first came out and they checked each of my deeds (and confirmed they were eligible to be taken back). Someone here may have an idea if they are worth anything on the resale market. Sadly, my guess is just give them back. You could also post in the TUG bargain deals.

Here's the breadcrumbs to get to the information on Ovations available on myclubwyndham.com (not much here):

Last sentence: If you’re unable to continue with your ownership, tell us about your situation online or feel free to contact one of our Ovation by Wyndham representatives at 855-312-9040 to learn more about the available options.

 

[MoPops]

What happens if you just stop paying MFs? Does Wyndham come after you?


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[T-Dot-Traveller]

......I have two deeded fixed weeks formally Fairfield timeshares one in Williamsburg VA and the other at Fairfield Harbour in New Bern ......Other possibility is to just give them away and pay for the closing cost and transfer fee . Any insights would be appreciated.

Insight :
What fixed week ?

4th of July week or similar might get grabbed asap in TUG bargains or similar / while a November
week might languish and you would be better to use Ovations .

 

[T-Dot-Traveller]

What happens if you just stop paying MFs? Does Wyndham come after you?
Sent from my iPad using Tapatalk

YES - collection phone calls etc . / there are TUG threads that may have details .

 

[MoPops]

YES - collection phone calls etc . / there are TUG threads that may have details .

Thanks, I thought as much. We just went from 86,000 pts, to 400,000 pts with a purchase from telephone sales and a PIC. (Retired a few months ago). Trying to figure out now how to use the points..


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[Grammarhero]

Thanks, I thought as much. We just went from 86,000 pts, to 400,000 pts with a purchase from telephone sales and a PIC. (Retired a few months ago). Trying to figure out now how to use the points..


Sent from my iPad using Tapatalk

There’s been five (5) such Mf defaults reported on TUg by Wyndham owners, including two (2) with Ts loans. Zero (0) got reported to the credit agencies.

 

[R1964]

Insight :
What fixed week ?

4th of July week or similar might get grabbed asap in TUG bargains or similar / while a November
week might languish and you would be better to use Ovations .

The week in Williamsburg is May week 19 and the Christmas week at Fairfield Harbour.

 

[SNA27]

So many rules, lol.

Are there restrictions on use, too? Like no guests, only the owners? Or am I making that up?

I always wondered, if someone has decided they no long can use and/or want their timeshares - how much will they still use it in the next 3 years? Like giving someone dessert when they say they are full and couldn't possibly eat another bite?

It depends on whether they no longer can use or NO LONGER WANT TO PAY for using! I would not decline FREE dessert at a restaurant that I can take home and eat later or give it to my kids!

 

[T-Dot-Traveller]

The week in Williamsburg is May week 19 and the Christmas week at Fairfield Harbour.

1 ) Are MF due in Jan ? / or do you pay monthly ?
2 ) I am not sure how quickly Ovations works / ie timeline to removal of your name from deed .(and costs to go away)

3 ) You could join TUG and post in bargains / free sub forum - listing as free - buyer pays
all transfer & closing costs .

4 ) late May- Williamsburg Va. - avg daily temp 61-81 F
Christmas week- New Bern N.C. - avg daily high 56 F

these weeks seem to me to (potentially) have a demand based on the weather & seasons .

 

[Sandi Bo]

It depends on whether they no longer can use or NO LONGER WANT TO PAY for using! I would not decline FREE dessert at a restaurant that I can take home and eat later or give it to my kids!

Good point, I was thinking it was ice cream, you are thinking cake

 

[R1964]

Just wanted to update everyone. I was on the phone with Wyndham ovations today and they are going to take back the Williamsburg week. They won't take back the Fairfield harbour week so I'm going to try and sell that week and see what happens. Thank you everyone for your insights.

 

[dgalati]

Just wanted to update everyone. I was on the phone with Wyndham ovations today and they are going to take back the Williamsburg week. They won't take back the Fairfield harbour week so I'm going to try and sell that week and see what happens. Thank you everyone for your insights.

You can use current use year points when giving back deed with Ovations.. The total time to transfer out of your account is about 4-5 weeks. Transfer points to RCI or use before deed transfers. I would assume if it is a Jan 1st use year you could probably use next year 2020 points before it transfers.

 

[SNA27]

You can use current use year points when giving back deed with Ovations.. The total time to transfer out of your account is about 4-5 weeks. Transfer points to RCI or use before deed transfers. I would assume if it is a Jan 1st use year you could probably use next year 2020 points before it transfers.

But, won't they charge MF for all of 2020? The monthly payment is only a convenience. It's due at the beginning of the year. My PIC week location allows payment in 2 installments, on 1/1 and 7/1.

Wyndham has to clarify all this and close all these silly loopholes!

@Grammarhero, that's an email I can write to Michael Brown without any qualms! Maybe that will motivate me to follow your repeated advice to me about writing to him regarding my Flagstaff FW issue!

Borrowing points from next year is also a benefit for the convenience of owners. Moreover, I don't think you can transfer next year points to RCI.

In news today: Home Depot and other retailers are having a severe problem with SHRINKAGE, a euphemism for THEFT!

 

[R1964]

I've listed the Fairfield Harbour week 51 in the Marketplace for $1 and seller will pay 2020 maintenance fee and closing cost. Hopefully we will find a buyer. Thank you for all your comments.