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Length of time to close on a timeshare

Discussion in 'Wyndham Vacation Resorts' started by talkamotta, May 15, 2019 at 5:44 PM.

  1. talkamotta

    talkamotta TUG Review Crew: Expert TUG Member

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    Bought a Wyndam timeshare first week of February. Sent money $1 real fast. Got an email today LT transfers is now sending paperwork to Wyndam and it is taking 18 weeks to do their paper and complete transfer. So that's a total of 7 months.

    Question: I am getting the 2019 week. Won't use it for trading it in house and will probably deposit it into RCI. So now is it treated like any other deposit and it will cost me the regular trading fee of $239 or do Wyndam owners get a break? Or do I have other options?
     
  2. dgalati

    dgalati TUG Member

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    Wyndham will tell you 10-12 weeks once they receive all info, but if they are the buyer in 2 weeks all is completed. Usually LT or any other closing company will take 4-5 weeks to prepare deed, record deed then they send all info to Wyndham. My question is why is it if Wyndham is buying the deed through a third party this process is stream lined to 2 weeks after deed is recorded.
     
    ecwinch likes this.
  3. talkamotta

    talkamotta TUG Review Crew: Expert TUG Member

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    I have 2 different transactions going on with LT transfers. This one which is now over 3 months for LT transfer's part. The other is a worldmark which was bought a week after and they are now sending paperwork to sellers so that could be another couple of weeks. Since worldmark is credits based only...I have no idea why that one would take so long. I bought both on eBay and both the 2 different sellers told me when they sent the information to LT transfers. So LT transfers is taking 3 month alone. They must be very busy?
     
  4. louisianab

    louisianab TUG Member

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    I don't think you get a discount on the RCI transaction, I own Wyndham and it was $2-- for my last transfer.

    I have a non-wyndham currently in process with LT, they warned me a month to prepare docs with current business and my seller is not quick at getting their end done after the docs were prepared.. The seller CC's me on their emails, so I know the delay is them, not LT, but yes it did take a month strictly for document preparation on LT's end.
     
  5. talkamotta

    talkamotta TUG Review Crew: Expert TUG Member

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    Ok thanks. I'm just antsy and impatient because it's taking so long to get to wyndham...3 months...then Wyndam takes their sweet time but I was expecting that. I bought weeks timeshares years back and it used to take a month maybe 6 weeks. I'm planning vacations for next year and I would like to incorporate my new purchases. Maybe I just need to chill out.
     
    Last edited: May 15, 2019 at 8:09 PM
  6. Braindead

    Braindead TUG Member

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    I’m so surprised!!
    I want YOU to answer the following questions so we can understand the advice given:
    What resort & dates is the OP looking at for next year?
    How many bedrooms does the OP need?
    How likely will those reservations be available say September 1st [the OPs transfer will likely be done by then]?
    Why rent from a VIP instead of a resale owner 6+ months out?
    What savings are to be had renting from a VIP 6+ months out?

    I know more stupid questions!! But I have no idea how you believe you give good advice when you don’t have a clue of the OPs needs!!!
     
    Last edited: May 15, 2019 at 9:47 PM
    Cyrus24 and Jan M. like this.
  7. ecwinch

    ecwinch Moderator

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    I guess I jinxed myself.... because just last week I was saying to myself "gee... the Wyndham forum sure has been very civil lately"......

    Some of us may have that moment growing up when a parent yelled upstairs "dont make come up there".... consider this that moment.
     
  8. Braindead

    Braindead TUG Member

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    Moment??
    That’s my life story!!
     
    Cyrus24, talkamotta and ecwinch like this.
  9. bendadin

    bendadin TUG Member

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    19 weeks. Still waiting
     
    talkamotta likes this.
  10. talkamotta

    talkamotta TUG Review Crew: Expert TUG Member

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    It's hard to know your personal lifetime game plan for vacationing. Life makes changes. With the weeks I already have i can get to a lot of places. Some Wyndam resorts are hard that's why I bought one week with them. I wanted to do more short vacations and I live in the west so I'm thinking worldmark works. Over the past 20 years, those kids i call mine, have grown up and I have grandchildren. I really love vacationing with grandchildren the most. Driving vacations make more sense when lots of people are going. I have paid for weeks instead of trading because it was a lot cheaper with rci's trading fees. Im retired and travel about 12 weeks a year, I generally plan out a year in advance. We usually do 3 weeks at a time 4 times a year. I have one week for next June in Oregon and I would like to put 2 more, worldmark has lots of timeshares where I want to go. That's one reason I'm anxious. I love planning, but now it's like having one hand tied behind my back. I'm not opposed to renting from a VIP but I would rather use what I've bought. I feel like I'm waawaa waaing and I should call me a wambulance. Thank you for all your replies.
     
    littlestar, Jan M. and Braindead like this.
  11. dgalati

    dgalati TUG Member

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    I guess I jinxed myself.... because just last week I was saying to myself "gee... the Wyndham forum sure has been very civil lately"......

    Some of us may have that moment growing up when a parent yelled upstairs "dont make come up there".... consider this that moment.

    Nothing wrong with a lesson on some good old fashion discipline.
     
    Last edited: May 16, 2019 at 6:07 PM
  12. dgalati

    dgalati TUG Member

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    The main thing is your open mined to looking at all your options. I always try to use the points I have available. But many times, especially within the 60 day window, I have been able to rent from a VIP for less then paying the maintenance fees on my points. On few occasions a PR VIP has had availability to book when none was available for me to book.
     
    talkamotta likes this.

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