New Owner Question

[CarolinaMan Junior Member Find all posts View Profile Close CarolinaMan]

I am a new Wyndham owner and I know very little about the bonus points they give you to sweeten the pot in order for you to buy. I was "told" I could do whatever I wanted with these points and that included booking a trip and either selling the trip or let Wyndham's Extra Holidays do it for me. How hard is it to sell time on your own? Is it easier to let them do it but sacrifice a good portion of the monies? I have booked 4 nights in a 2 bedroom deluxe at Bonnett Creek at Disney beginning July 2, 2011 to help offset the down payment on the TS. What is a reasonable amount to ask for this vacation?

Thanks for your feedback.

[catahoula Member Find all posts View Profile Close catahoula]

When did you purchase?

[falmouth3 Senior Member Find all posts View Profile Close falmouth3]

The "when" you bought is very important because you should rescind if at all possible. Even without knowing what you spent, you spent way too much. If it's too late to rescind, people here can tell you how to make the best of your purchase. Sorry, but I don't know the answers to your specific questions.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

You already get account and made reservation, so it is prob too late. Otherwise, you should rescind it.

For rental, it is very hard to tell if you make more than you give to Extra Holiday. You could get no taker at all in both case. You worry about which one get you more later. Extra Holiday does link to major search engine, but it also need to rent out inventories that tied to Wyndham's interest first. Wyndham give out you about $2.3 per 1K if you exchange your point for MF, assume that is the reasonable avg rent fee they expect with a good % of profit and safety margin, you probably are looking no more than double that money.

You should first find out what the resort charges that is your rack rate, you can try Wyndham's site, and goes to its rental and check the price range there. Than assume in 90% of time you may get rent if it is over a major Disney holiday. 80% over a holiday, 70% over summer, Or 60% of time you may get rent if otherwise since you do have it over the weekend. Than times that amount by 55%, that is your potential income from them.

If you rent yourself, go to eBay, look at the vacation lodge and its history, to see how many actual get rented at what cost, that is your expectation at fire sale, you than go all the potential rental ad site for timeshare - craigslist, redweek, myresortnetwork, vacationtimesharerentals, Orlando local rentals, ... You can find the ask price. You also need to compare the price with people offer the vacation home and hotel with some adjustment.

You have several choices, the most likely is based on the rental market, you ask for lowest price, the mid price, the price that over your MF (cost of your bonus point) with reasonable return, the fire sale.

Good luck.

Jya-Ning

[CarolinaMan Junior Member Find all posts View Profile Close CarolinaMan]

New Owner

I purchased it in early November.

[catahoula Member Find all posts View Profile Close catahoula]

Falmouth explained why I asked. Jya is an expert with Wyndham. I would follow her advice. Enjoy.