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Good deal? Looking to buy

SteelerGal

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I saw that. I would ask the question in the Wyndham forum. That’s how I found out what to purchase in Vistana.
 

geerlijd

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Canterbury maintenance fees are among the lowest you can get, but this is a lot of money for the ownership. I wouldn't pay more than $.01/pt for this, or $2590. Keep looking and you will find a deal.on Canterbury or Bali Hai in that price range. The next few months prices may rise, but they will likely drop on the fall.

I also don't see any reviews of this seller on TUG. I wouldn't wager more than a few hundred dollars on a purchase from a seller without some good reviews since eBay reviews are worthless for Timeshare sellers.
 

littlestar

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Look at the Tug Marketplace and the bargain board.
 

55plus

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Too pricy.
 

dgalati

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You can purchase Grand Desert deeds From $50-$300 price includes closing and resort transfer fee. I purchased a 168,000 even year National Harbor deed last month for $50 purchase price included closing and resort transfer fee.
 

Braindead

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Can somebody help us out and tell us if this is a good deal? We are seriously looking to buy but in no rush to do so. If this is a good deal though we might consider it.
https://www.ebay.com/itm/Wyndham-Ca...829174?hash=item2f307afbf6:g:4jAAAOSwgjFc12pR
Thanks,
Lisbeth
A Bali Hai 427,000 point contract recently sold for $8,400 on eBay almost $20 per 1,000 points.
The starting bid on the 259,000 Canterbury contract is $4,000 all in about $15.44 per 1,000 points.
If you get it for around the starting bid I would say it’s just an OK deal.
The younger you are & in good health the more sense it makes to pay a little more upfront.
Initial cost is a one time cost, MFs cost are every year for as long as you own the contract.

LT Transfer is handling the transfer so it wouldn’t bother me if the seller has never sold a timeshare before. LT Transfer will have it done right & as quick as anybody. LT Transfer is highly recommended here on TUG

Good Luck
 

Panbad

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It looks like that EBAY sale is the same person trying to sell it on the TUG marketplace. On TUG they have it listed as $5180 as a FIRM price, which is the "buy now" price on EBAY.

Just doing some math - if you could get that Canterbury points for the bid price of $3450 - that's $13.32 per 1,000. AND that's not including the $299 transfer fee + $250 LT closing fee which would put your closing price of close to $4,000. Maintenance fees per year on Canterbury for this unit appear to be $1080.03 ($90/Mo) - or $4.17 per 1,000 pts.

There's another sale on EBAY for 259,000 Wyndham points (just for "apples to apples" comparison on the same exact amount of points) that has a starting bid price of $299 and all fees are paid by the seller. Let's say this sells for $1,000 (which is probably very likely to be that or under). The maintenance fees on that one are $1392 ($116/Mo) - or $5.37 per 1,000 points.

The purchase price difference in this scenario is $3,000. How long would it take you to break even on that $3,000?

Based on my calculation (based on 5% increase per year for MF for both properties), it would take about 8 years on MF's to make up that $3000.

YR Canterbury Oceanside Pier Yearly Difference Cumulative difference
1 $ 1,080.03 $ 1,392.00 $ 311.97 $ 311.97
2 $ 1,134.03 $ 1,461.60 $ 327.57 $ 639.54
3 $ 1,190.73 $ 1,534.68 $ 343.95 $ 983.49
4 $ 1,250.27 $ 1,611.41 $ 361.14 $ 1,344.63
5 $ 1,312.78 $ 1,691.98 $ 379.20 $ 1,723.83
6 $ 1,378.42 $ 1,776.58 $ 398.16 $ 2,121.99
7 $ 1,447.34 $ 1,865.41 $ 418.07 $ 2,540.06
8 $ 1,519.71 $ 1,958.68 $ 438.97 $ 2,979.04

If you paid the "buy it now" price your total would be $5729 (adding in closing costs) and that would take over 13 years to recover that amount.

Like someone said above, if you hold this for a long period of time it may be worth it for you. But there's no guarantee that Canterbury will continue to have the lowers MF's for the future. They could grow in MF's higher than any other resort for a few years in a row.
 

55plus

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San Francisco sits on a fault line so purchasing Canterbury is a gamble. Insurance isn't going to cover squat when, and I mean when, California's coastline falls into the ocean or the Bay Area is devastated. Your loss wouldn't be much compared to those who purchased directly from Wyndham. Just think of the special assessment bill you'll receive if something happens.
 

Braindead

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Rent from a VIP cheaper then owning.
You give this same advice every time. I’d say pretty narrow minded & a narrow view of some ones decision to be an owner. Some people would rather own than rent, maybe you should be more open to others decisions and help answer the question asked. Instead of a rebuttal to their personal decision
 
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dgalati

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You can purchase Grand Desert deeds From $50-$300 price includes closing and resort transfer fee. I purchased a 168,000 even year National Harbor deed last month for $50 purchase price included closing and resort transfer fee.

Renting from a VIP is cheaper then paying maintenance fees even if you are buying at these prices.Most deeds are sold for pennies on the dollar.
 

littlestar

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The 105,000 additional points we just bought are deeded at Wyndham Grand Desert (lower fees - ya hoo). We will have a new total of 386,000 points per year. We did have 281,000 points and with the additional 105,000 we will get 2 more reservation transactions per year (you get 1 per 77,000 points you own). We bought from Sumday. If you see something you like with them, email them an offer.

Our first Wyndham purchase was 154,000 at Wyndham Smoky Mountains Sevierville TN. Not the lowest fees, but not bad.
 
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Braindead

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Rent from a VIP cheaper then owning.
Renting from a VIP is cheaper then paying maintenance fees.
These are false statements.
You don’t even ask the OPs where & when they travel.
How many bedrooms they need.
Are they tied to a school schedule.

Or do you think you can find a VIP that will always rent at a loss?
 
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Jan M.

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Some times but not always it can be cheaper to rent from a platinum VIP owner. However as Braindead brought up there are definitely considerations that impact prices and the amount of inventory available when you are dependent on someone else. Owners who have experience in renting typically get contacted by people desperately looking for stays because the owner they used to rent from isn't around anymore, isn't responding, doesn't have what they need this time, etc. Owing gives you more control over getting the reservations you need than renting does. Some people who had previously been renters became owners for that very reason.

For people whose jobs and finances aren't secure enough for them to have any business taking on a timeshare and the associated maintenance fees renting would be the better choice. But not necessarily the cheaper choice. There are a number of reasons for the decision to rent or to own. Also why there are so many posts asking that question. One size doesn't fit all.
 

dgalati

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These are false statements.
You don’t even ask the OPs where & when they travel.
How many bedrooms they need.
Are they tied to a school schedule.

Or do you think you can find a VIP that will always rent at a loss?
BD,
My experience its cheaper to rent from a vip then using my points. Its a option that should be looked at instead of buying or worse yet buying developer points to become Platinum or some other name Wyndham comes up with for status. Rember what status is as 55PLUS posted.
 
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dgalati

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Some times but not always it can be cheaper to rent from a platinum VIP owner. However as Braindead brought up there are definitely considerations that impact prices and the amount of inventory available when you are dependent on someone else. Owners who have experience in renting typically get contacted by people desperately looking for stays because the owner they used to rent from isn't around anymore, isn't responding, doesn't have what they need this time, etc. Owing gives you more control over getting the reservations you need than renting does. Some people who had previously been renters became owners for that very reason.

For people whose jobs and finances aren't secure enough for them to have any business taking on a timeshare and the associated maintenance fees renting would be the better choice. But not necessarily the cheaper choice. There are a number of reasons for the decision to rent or to own. Also why there are so many posts asking that question. One size doesn't fit all.
All good points Jan Yes I agree on this. Many experienced owners can rent from a VIP cheaper then paying Maintenance fees. May not be able to at 13 months out but almost always at 60 days out or less. I currently own and rented many times from PR VIP at a lot less then I could book for with my points. Not to mention PR VIP has availability that is not available to me.
 
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ecwinch

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All good points Jan Yes I agree on this. Many experienced owners can rent from a VIP cheaper then paying Maintenance fees. May not be able to at 13 months out but almost always at 60 days out or less. I currently own and rented many times from PR VIP at a lot less then I could book for with my points. Not to mention PR VIP has availability that is not available to me.

Effectively “renting” someone’s VIP discount has a lot variables involved and is very dependent on availability. So a good strategy if you find the right partner, but much more challenging if you are looking for anything other than off-season/shoulder weeks.
 
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