Any advantages at all to buying from developer?

[Nomad34]

GSL? Been researching for a long time but that abreviation doesn't see familiar to me.

Awesome that you have your ownership working for you. I rented a few of my days through Craigslist last month and had great luck .

About your rewards hotel stay. Is this something available as a resale owner like me or is it through a Wyndham credit card?

GSL = Great Smokies Lodge .the Wilderness in Sevierville, TN just above Gatlinburg, and Pigeon Forge. My ownership is tied to the Credit card which I have used for the past 6 years since purchasing at GSL. The best buy I ever made. A deed (UDI).

 

[Eric B]

GSL? Been researching for a long time but that abreviation doesn't see familiar to me.

My guess would be Great Smokies Lodge based on Nomad's resorts owned.

 

[whitewater]

GSL? Been researching for a long time but that abreviation doesn't see familiar to me.

Awesome that you have your ownership working for you. I rented a few of my days through Craigslist last month and had great luck .

About your rewards hotel stay. Is this something available as a resale owner like me or is it through a Wyndham credit card?

credit card rewards are available to anyone who owns the card. if you are a wyn owner you can use rewards to pay MFs. Not worth it as the conversion/cash back/reward are very small compared to others on the market. Check out nerd wallet or the points guy and they both have best credit card offers listed. never seen wyndham anywhere on towards the top of the list.

Guessing GSL is a deeded property. Key word guessing. @Nomad34 what is GSL?

 

[Nomad34]

credit card rewards are available to anyone who owns the card. if you are a wyn owner you can use rewards to pay MFs. Not worth it as the conversion/cash back/reward are very small compared to others on the market. Check out nerd wallet or the points guy and they both have best credit card offers listed. never seen wyndham anywhere on towards the top of the list.

Guessing GSL is a deeded property. Key word guessing. @Nomad34 what is GSL?

UDI

 

[jlands]

Thanks for replying. I know of a couple single resale transfers that went through with unlimited housekeeping but am not sure why. Just being curious and trying to learn why things work out the way they do.

My resale came with unlimited HK but I got no reservation transactions or guest confirms loaded in 2018. Go figure. IT has been working on it for a while.

 

[chapjim]

GSL? Been researching for a long time but that abreviation doesn't see familiar to me.

Awesome that you have your ownership working for you. I rented a few of my days through Craigslist last month and had great luck .

About your rewards hotel stay. Is this something available as a resale owner like me or is it through a Wyndham credit card?

GSL = Great Smokies Lodge

 

[Baby Jane]

I

Ok, there are a few things that you get as a perk with developer points that you don't get with resale.

1. Club Pass. This is if you want to book a WorldMark resort. The fee is $99 per reservation.
2. VIP IF you have 400K points or more. <--VIP benefits can change at any time and they do change. VIP is three levels: 400K Silver, 700K Gold and 1M Platinum.
a. VIPs get a newspaper at the resort.
b. They CAN put in for an upgrade in room size. This has been working for some and not for others with the new website.
c. They can book at a discount of 25% - 50% depending on their VIP level (this is at the 30-60 day mark, I believe)
d. Unlimited Housekeeping. (Gold and Plat...I don't know about Silver) The rest of us get 1 Housekeeping credit for every 1K points we own per year. If you run out of Housekeeping, you pay $2 and change for each credit. If you take short trips in large units, you might run out.
e. Unlimited reservations (All VIP or just Gold and Plat?) The rest of us get 1 reservation for every 77K points we own per year. If you run out, you pay $19 online or $29 (?) via phone.
f. Extra guest certificates. Everyone gets 1 guest certificate per year. I can't remember how they are doled out, but I get 2. If you need more it is $99.

VIPS can get an Advanced Reservation Priority at another resort and that makes booking a hard-to-get resort easier.

Everyone has Advanced Reservation Priority where they own...this lets you book 10-13 months ahead. At 10 months, points are points and you can book anywhere. Some of the Presidential Reserve units are saved for PR members and then there is Margaritaville (you are supposed to have to own there to book there, but there are plenty of people who are getting reservations).

If you think that the discounts and upgrades are worth it, go for it. I figured it out that it would take 30-40 years to recoup the cost. I am careful to not use up my Housekeeping and reservations to avoid the fees...but honestly, my 154K points from resale cost $700 and the same size package from Wyndham was $22,000. I think that I can pay some HK and reservation fees or spend more points for a unit for the $21+K that I saved by buying resale.

Not sure it takes that long to break even. Even at todays prices we figured 15 years and decided our son could live with the one higher maintenance fee resort we have or sell it and lose Platinum. Even if they change VIP levels if you are at that level they will grandfather you in. It really depends on how you travel. We do 2 or 3 trips a year we need ARP. The rest is all booked in 60 day window at that 50% discount and some upgrades.

 

[Nomad34]

I agree with what you have said and maybe mine would have been the same type scenario if ones hadn't ruined it by selling out their high ownership to ones wanting it for nothing.

 

[jberndt10]

There used to be some resale contracts that received developer purchase status. But as far as I know Wyndham has put a stop to that.
Some resale contracts get coded wrong during transfer and show up as being purchased from Wyndham.
Mistakes happen!! Wyndham might have employees that only do resale transfers now to cut down on mistakes. That may be another reason why resales take so long to transfer.

Our original resale purchase still has us marked as developer points. It was weeks transferred to points prior to our purchase. We used to tell the salespeople that was wrong, now we’ve learned to just shut up.

 

[Myrcalus]

Thanks TUG, got my rescission confirmation today, will investigate the resale board now!