Originally Posted by lnelson
Thanks for pointing this auction out. I have been watching a number of them on EBay trying and get a feel for pricing. There was a 1,000,000 point MB Wyndham package that went for $9,000 last night. I still don't have a good feel for pricing yet so I will continue to monitor.
It also becomes a question of how deep do I want to jump in on this. The 1,000,000 point program carried with it about $4,800 in annual maintenance fees. I need to make sure that I really understand what our family needs and how we would use it before we take on something like that.
A few related questions: It seems like there are two approaches that can be taken; one is to buy a big (1,000,000) package and hope that this is really what you want, or the other is to test the water with a 300,000 package (which of course brings with it much smaller maintenance fees) and make sure that the points timeshare strategy works for the family. The question is, are there advantages/disadvantages to owning one 1,000,000 point deed vs. owning 3 or 4 smaller packages that total the 1,000,000 points? It depends on your needs. If you have a large family that wants to be able to reserve a large presidential unit at a specific resort at a particularity hot week during the ARP period, then maybe you want a 1,000,000 points at that resort. On the other hand, if you are going to use your points at lots of resorts at the 10 months to check in period, then your home resort may not make as much difference. One thing about having 3 or 4 resorts, you spread your MF liability among 3 or 4 HOAs. One of the HOA may have a special assessment and the others don't. There are some resorts that have better MFs than others. Part of your Wyn education may be to learn about those.I understand that the closing, title, and transfer costs will be duplicated for each deed but other than that, is there any difference when it comes to using points or any other consideration?Buying a Wyn timeshare is buying real estate. Therefore, there has to be a deed, recording of that deed and then having the ownership/contract/deed transfer from Owner A to you in Wyn's records. All of these steps involve fees. Wyn's fee to transfer ownership from A to you is $100. The other closing fees are normally paid to a closing company who handles the deeds and recording them. Also, the closing company may act as escrow agent to hold the deed and your money until all things are completed. The closing company charges from $300 to $500 for this service.
One other question: I can't figure out what "fairshare" means. "fairshare" is actually the name of the Wyndham points program. The official name is Fairshare Plus or FSP.I understand the Wyndam and Fairfield (all one now) but is fairshare a specific program within these companies or is it something different?Fairfield changed its name to Wyndham Vacation Resorts. Again, FSP is the name it gave its timeshare point program.
Thanks again for helping us navigate this new world of timeshares. Those of you who have recommended that we eduate ourselves before jumping in have offered good advice that we are trying to follow.
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