Selling Worldmark (Trendwest) Week

[robin]

The timeshare is paid for and the dues are current. Looked on the list of sale properties, but can't find anything for 10,000 points, which was originally a week every other year before they went to points.

Would like to offer it to my son, before I list it, but can't find any comps. on what other people are asking.

 

[b2bailey]

Don't have any answers for you, but seeing Trendwest brings back memories. That's the door through which I entered the Timeshare World 25 years ago!

 

[breezez]

Robin,

If account has 2 years of points in it plus 1 year to borrow its worth around $.27 to .32 per credit. So a 10K account is worth between 2700 and 3200 dollars. For every credit missing subtract .07.

A fully loaded 10K account would have 20K credits to use w/o borrowing so if you only have 15000 your missing 5000 multiply this by .07 and reduce your account value by that much. In this example you would reduce around $350

Hope this helps.

Not sure how old your account is but if it was purchased back in Trendwest days you may have a NHK account which would make it worth about $10k-$12k more.

NHK account would look like 0000100xxxx. xxxx is a number between 1 and 2500

 

[taterhed]

@breezez you read my mind..... That would have been an ethical dilemma.....

Don't forget: There is a transfer fee ($299?) and somebody has to pay the MF's while the account is in limbo.
On a 10k account, those fees can run the cost up another 5 cents a point (or more).
Don't cheat yourself.

If it is an NHK (0000100001-2500) PM me......

cheers!

 

[ronparise]

The timeshare is paid for and the dues are current. Looked on the list of sale properties, but can't find anything for 10,000 points, which was originally a week every other year before they went to points.

Would like to offer it to my son, before I list it, but can't find any comps. on what other people are asking.

Hard to know what you own

Worldmark formerly known as Trendwest never was weeks, it was always credits(points). And 10000 was (is) enough at most of the properties for a week in a two bedroom, every year in red season


So post an accurate description of what you own and you will get some good advice here

 

[IsaiahB]

Hard to know what you own

Worldmark formerly known as Trendwest never was weeks, it was always credits(points). And 10000 was (is) enough at most of the properties for a week in a two bedroom, every year in red season


So post an accurate description of what you own and you will get some good advice here

It's possible they originally owned ECVC, which was merged into WMTC.

 

[ecwinch]

IsaihB..... dovetailing into IsaishB's post, in the early days of the Club, Eagle Crest was selling memberships directly:

This is from the 10K report filed from the Trendwest IPO back in 1997.

The Company has an agreement with Eagle Crest, Inc. (Eagle Crest) whereby
the Company has assigned to Eagle Crest the right to sell Vacation Credits
in WorldMark at the Eagle Crest Resort and Trendwest will purchase the
financed portion of such sales, with full recourse, which will allow the
company to realize the stated rates of interest ranging from 13.9% to 15.4%.
Eagle Crest will repurchase defaulted contracts when they become 180 days
delinquent or are written off at their unpaid principal amount. In exchange
for such sales, Eagle Crest must transfer condominium units to WorldMark at
no cost to either the Company or WorldMark. Retention of the full interest
amounts from the contracts was negotiated in lieu of a fee from Eagle Crest
equal to 3% of net sales of vacation credits occurring at the Eagle Crest
resort and originally planned to commence in September 1997. The number of
additional units to be deeded to WorldMark will depend on the number of
vacation credits sold by Eagle Crest, an estimate of which is not provided
in this table.

In another thread I seem to recall that is the basis that some members have day use privileges at Eagle Crest.

 

[IsaiahB]

IsaihB..... dovetailing into IsaishB's post, in the early days of the Club, Eagle Crest was selling memberships directly:

This is from the 10K report filed from the Trendwest IPO back in 1997.

The Company has an agreement with Eagle Crest, Inc. (Eagle Crest) whereby
the Company has assigned to Eagle Crest the right to sell Vacation Credits
in WorldMark at the Eagle Crest Resort and Trendwest will purchase the
financed portion of such sales, with full recourse, which will allow the
company to realize the stated rates of interest ranging from 13.9% to 15.4%.
Eagle Crest will repurchase defaulted contracts when they become 180 days
delinquent or are written off at their unpaid principal amount. In exchange
for such sales, Eagle Crest must transfer condominium units to WorldMark at
no cost to either the Company or WorldMark. Retention of the full interest
amounts from the contracts was negotiated in lieu of a fee from Eagle Crest
equal to 3% of net sales of vacation credits occurring at the Eagle Crest
resort and originally planned to commence in September 1997. The number of
additional units to be deeded to WorldMark will depend on the number of
vacation credits sold by Eagle Crest, an estimate of which is not provided
in this table.

In another thread I seem to recall that is the basis that some members have day use privileges at Eagle Crest.

You're on the right track - that agreement refers to EC acting as the sales agent, whereas I was referring to EC actually selling a similar product - this happened years earlier.

I don't recall the year but if you look at old issues of Destinations you'll see an article about the merger.

 

[easyrider]

The timeshare is paid for and the dues are current. Looked on the list of sale properties, but can't find anything for 10,000 points, which was originally a week every other year before they went to points.

Would like to offer it to my son, before I list it, but can't find any comps. on what other people are asking.

One thing to consider is that the Trendwest points include WM South Pacific. Once it is sold resale it no longer will include WM South Pacific unless it is sold or given to a family member.

My WM contracts are Trendwest and I also had a couple Eagle Crest contracts that in the past would trade into 10,000 WM points for $29. Back then Trendwest was a part of Jeldwen. Good times for WM owners. Now with all of the new Wyndham rules its not as good a time as it was in the past.

Bill