Just inherited 154k Wyndham Ocean Ridge pts

[dd77]

Hello,
New to all this, so bear with me. We just inherited 154k Wyndham pts for their Wyndham Ocean Ridge property.

1. as soon as we got our login (Today) its telling us we have less than a month to use 154k points for 2018. Good problem to have, I know. But what are my options? I see that I have the option to transfer to RCI? We can no longer rollover to 2019 Wyndham, so I am curious what you're thoughts are. I see we could perhaps donate them too.

2. We arent sure we want to keep this. What is the best route for getting this appraised (if thats even a thing) and seeing what we can do to offload it.

Thanks!!

 

[ecwinch]

Hello,
New to all this, so bear with me. We just inherited 154k Wyndham pts for their Wyndham Ocean Ridge property.

1. as soon as we got our login (Today) its telling us we have less than a month to use 154k points for 2018. Good problem to have, I know. But what are my options? I see that I have the option to transfer to RCI? We can no longer rollover to 2019 Wyndham, so I am curious what you're thoughts are. I see we could perhaps donate them too.

2. We arent sure we want to keep this. What is the best route for getting this appraised (if thats even a thing) and seeing what we can do to offload it.

Thanks!!

Yes, given your account size and options - RCI would be the best option to extend the life of those points for your usage.

Donating this years points is also a good option - here is the description of the program from the Club Wyndham website (must to logged in to view it).
https://www.myclubwyndham.com/mycw/...t-extras/charitable-gift-program.page?#/DEAL1

In terms of an appraisal, the unfortunate truth is that most timeshares are near worthless - which is why you see tv ads for how to get out of your timeshare. Those timeshare exit companies are even worse scams, so definitely avoid them if you decide to offload it.

If you decide to off-load it, you might consider the Bargain basement area here on TUG. https://tugbbs.com/forums/index.php?forums/bargain-deals.55/

Alternatively, if the estate has not been settled yet - and the timeshare is not in your name - you can refuse the inheritance. That does not seem like the case here, but I did want to mention it.

And lastly ... welcome to TUG. If you decide to keep it, this is a great place to ask questions and learn how to get the most value out of your ownership.

 

[ausman]

If you can decline the inheritance that is what I would do. In my estimation the points are virtually worthless.

These are the latest Maintenance Fee figures I have , which I think date to about 2017?. They were on the high side then and would have an additional inflation factor for the year(s) since, you can consider the average Wyndham Maintenance fee to be the Access MF which is close enough to $6 per 1,000 points for 2019.

Ocean Ridge - Bay Point at Edisto 8.02
Ocean Ridge - Fairway Terrace 7.42
Ocean Ridge - King Cotton Villas - Presidential 3.94
Ocean Ridge - South Pointe 6.12
Ocean Ridge-Beach Walk 5.97
Ocean Ridge-Edisto Village 7.30
Ocean Ridge-Marsh Point I 8.66
Ocean Ridge-Marsh Point II 8.71


If you keep the inheritance and cannot use the 2018 points for vacation then depositing into RCI is the best use.

 

[Passepartout]

Hello,
New to all this, so bear with me. We just inherited 154k Wyndham pts for their Wyndham Ocean Ridge property.

1. as soon as we got our login (Today) its telling us we have less than a month to use 154k points for 2018. Good problem to have, I know. But what are my options? I see that I have the option to transfer to RCI? We can no longer rollover to 2019 Wyndham, so I am curious what you're thoughts are. I see we could perhaps donate them too.

2. We arent sure we want to keep this. What is the best route for getting this appraised (if thats even a thing) and seeing what we can do to offload it.

Thanks!!

Welcome to TUG. I'm not a Wyndham owner, and others will probably chime in with options. I think that 154K is a usable bundle of points. At this stage, you're probably committed. You didn't HAVE to accept the bequest, but what's done is done. Probably a worst case situation is those 2018 points will just evaporate unused, but maybe someone else has a lst minute idea that will a) not cost much or anything, and b) salvage them for your use.

Not much point in getting a timeshare appraised. They aren't worth much. For an idea, just sign onto eBay, put the resort particulars in the search window. It will return the results of auctions on similar weeks. look down the left side for 'Completed Auctions'. Wyndham has a program called Ovation to deed it back to them, or you can attempt to sell/give it away here on TUG in the Marketplace. DO NOT even consider paying one of those upfront fee outfits to sell it for you. They are scams.

Since you are new, stick around TUG. Study the Wyndham forum. Try it. You might be like us and find timesharing a pleasant addiction. If you are going to be 'trading' (we call it exchanging), pay the $15 to join TUG. That gives you access to the reviews to thousands of resorts, as well as the ability to offer yours either for sale or rent in the Marketplace.

Again, Welcome!

Jim

 

[Jan M.]

Decline it if that is still an option. You are under no obligation to accept the inheritance. As basham pointed out the maintenance fees are quite high there. Maintenance fees are something you will owe as long as you have this so keep that in mind. And if you want to get rid of it down the road finding someone else who wants points with high maintenance fees may be more difficult. If you want Wyndham points with lower maintenance fees you can pick something up really cheap here in the bargain deals under Buying, Selling, Renting or in the Marketplace. Another place to look is on eBay.

 

[cbyrne1174]

Agreed. You couldn't pay me to take on an Ocean Ridge contract because of the high maintenance fees. Also, having advanced reservation priority at that resort is pointless because the rooms are ALWAYS available 10 months out all year long.

 

[dd77]

thanks everyone!! while a little annoying that we weren't given an option to decline this, we're still blessed so I guess it's ok. off the top of your heads, is 154k a good number to vacation with either at Wyndham or RCI? I'll read up on the other posts/information posted here....appreciate it.

 

[ecwinch]

It is a decent amount. You will be limited when booking the newer resorts.

Here is the exchange chart for RCI.