Value of a blended CMV UDI

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

How much is a blended CMV UDI Cottage (not Oak Timbers) worth? Is it worth more or less than a pure cottage UDI?

I have in my mind that it is worth more than a regular UDI because you've given up the red week, but gotten 9,000 BG points for it, and one can book bonus weeks 90 days out instead of 45. But maybe i'm undervaluing the ability to carry the fourth week.

I'm not asking about converting a week I already own (I'm convinced that's not worth doing), I'm talking about buying a week that someone else already converted.

Thoughts?

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[Tom52 Member Find all posts View Profile Close Tom52]

How much is a blended CMV UDI Cottage (not Oak Timbers) worth? Is it worth more or less than a pure cottage UDI?

I don't know the worth of either a Pure or Blended UDI Cottage but I think there are polar opinions based upon how an owner intends to use them. To generate RCI points or rental possibilities the Pure may be the better of the two. If you want flexibility to stay in the bigger units at CMV, or to use BG points to stay at other BG resorts, then the blended may be more suitable.

I have in my mind that it is worth more than a regular UDI because you've given up the red week, but gotten 9,000 BG points for it, and one can book bonus weeks 90 days out instead of 45. But maybe i'm undervaluing the ability to carry the fourth week.

I didn't think there was a difference on the fourth week reservation except that you were limited to maximum 45 days in advance for the Pure UDI while the Blended UDI let you reserve a fourth week maximum 90 days out. Maybe I've got that wrong and someone else can clarify.

I'm not asking about converting a week I already own (I'm convinced that's not worth doing), I'm talking about buying a week that someone else already converted.

I have said it before on this forum, for my needs and anticipated usage, the 9000 point deal would work better for me if I were buying another and the price was the same. But I fully understand why others who rent or generate RCI points prefer the Pure version. Different strokes for different folks as they say.

Thoughts?

Thoughts, let's see, I had one once but forgot what it was!!!???:

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

I'd say that the value varies based on how you are going to use it. If you have a pure cottage UDI, you can reserve more weeks. In a pure UDI, you can safely book 10-11 weeks per year on one ownership. More or less, depending on how you book your reservations.

In a blended UDI, you can only book about 7 reservations per year. But, one of those can be booked anywhere in the Bluegreen system.

In addition, you gain access to bonus time with points. You can no longer get access to bonus time with a pure UDI.

From a market point of view, I'd say that I've seen blended UDIs command higher prices than pure UDIs.

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

I think if you want a UDI, buy a UDI. If you want points, buy points. No sin in having both. I just can't see buying a UDI without it's sacred red week. In my opinion, that's giving up too much.

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

From a market point of view, I'd say that I've seen blended UDIs command higher prices than pure UDIs.

This almost has to be true; after all, the points alone at .45/point is $4,050 (using the number from your market analysis of eBay sales), and on top of that, one gets the other three weeks for the year. My first UDI I bought for $3,000, and I've got an accepted offer of $2,500 for my second, so it would seem that the blended UDI commands a higher value.

This ignores the maintenance fees; I don't know what the MF on 9,000 "old" points would be.

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

I didn't think there was a difference on the fourth week reservation except that you were limited to maximum 45 days in advance for the Pure UDI while the Blended UDI let you reserve a fourth week maximum 90 days out. Maybe I've got that wrong and someone else can clarify.

Ah, I hadn't thought of it that way. So, if I get this, I can carry four weeks on the converted one as well, it's just that for part of the year, instead of a red week, I have a week gotten with points. Correct?

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[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Bruce can verify this, but I think Tom has the reservation rules for the blended UDI incorrectly stated.

I believe a blended UDI has 9000 points that are used like any other points.

In addition, there is a red week that can be booked only 90-days in advance of checkin. So, it is a limited red week.

And, there are 2 other flex reservations that can be blue or white up to 12-months in front of check in.

So, you can have 4 reservations. But, it is limited.

[Tom52 Member Find all posts View Profile Close Tom52]

Bruce can verify this, but I think Tom has the reservation rules for the blended UDI incorrectly stated.

I believe a blended UDI has 9000 points that are used like any other points.

In addition, there is a red week that can be booked only 90-days in advance of checkin. So, it is a limited red week.

And, there are 2 other flex reservations that can be blue or white up to 12-months in front of check in.

So, you can have 4 reservations. But, it is limited.

Maybe a bit of clarification is needed to my original post. First off my blended UDI has 12,000 points, just so everyone is aware that not all blended UDIs have 9,000 points.

This is how my blended UDI works and I just reconfirmed it with Bluegreen before writing this post to confirm accuracy. Considering the UDI portion only I can book two non red week reservations up to 11 months prior to check in. I can book a third reservation up to 90 days in advance red, white, or blue. The 90 day reservation is not restricted to a red week, but obviously this is what most people will try to reserve.

Right now on my blended UDI Timbers I have July 4 week reserved using 9,000 of my yearly 12,000 point allotment, I just booked a June 17 check in with my 90 day reservation, and I have May 20 and Sept 30 check in dates reserved, both of which are white weeks. So when you look at it overall I have 4 active reservations, 2 red weeks, 2 white weeks and 3,000 points leftover for something else in the future. That is what I am referring to when I refer to a fourth reservation using the 90 day flex week reservation.

As far as my pure UDI cottage, you can have one red week, and a combination of two white or blue weeks reserved up to 11 months in advance of check in date. The fourth reservation is limited to 45 days in advance of check in date, but again, it is not restricted to a red week.

That is a minor advantage of the blended UDI over the pure UDI, that 90 reservation vs the 45 day reservation, neither of which are restriced to a red week.

Now for my disclaimer, I have no way to confirm whether or not all UDI contracts were written like mine. This is how mine work, others may not work like mine.

I hope this has clarified how MY limited reservations work

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Thanks for the clarification Tom.

So it appears that the differences are:

1) 9000 or 12000 points vs. a rebookable Red week.

2) 90-days vs. 45-days for your 4th reservation

3) white weeks must be reserved 11 months in advance of check in vs. 12 months.

4) Bluegreen membership fee vs. none.

Do you need to pay a housekeeping fee for your point reservation? I think Bruce mentioned that he had to pay one.

[brucecz Moderator Find all posts View Profile Close brucecz]

How much is a blended CMV UDI Cottage (not Oak Timbers) worth? Is it worth more or less than a pure cottage UDI?

I have in my mind that it is worth more than a regular UDI because you've given up the red week, but gotten 9,000 BG points for it, and one can book bonus weeks 90 days out instead of 45. But maybe i'm undervaluing the ability to carry the fourth week.

I'm not asking about converting a week I already own (I'm convinced that's not worth doing), I'm talking about buying a week that someone else already converted.

Thoughts?

sc
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The Wisconsin Tugger below got a very good deal on this blended Cottage UDI on ebay tonight.

Were all of you guys asleep to let him get it for less than 40 cents per Bluegreen point and basically buy the accompaning UDI weeks for nothing?

The winner should be able to grab a good unit and week to rent out and cover almost all or all of their maintenance and club dues. It is not that hard to do as we have done it with all 3 of our 9,000 point Bluegreen weeks that we have had.

If I would have need his one as my first second UDI ownership I would have bid at least $4,000. I reduced my bid by a few hundred dollars in the last 15 minutes.

Based on my 4 plus years of CMV UDI rentals and several years using RCI points IMHO a Pure CMV UDI Cottage is IMHO worth $1,500 to $2,500 more than a Blended CMV UDI Cottage. IMHO Pure Oak Timbers is worth $3,500 to $4,000 more than a pure UDI Cottage.

Bruce




Bid History Item number: 4453084965

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Item title: 9,000 BLUEGREEN Points GOLD/Silver Crown TIMESHARE Deed (revised)

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User ID Bid Amount Date of bid

rudymcbill ( 16) US $3,494.44 Apr-08-06 17:59:54 PDT



bfczajkowski ( 13) US $3,444.44 Apr-08-06 17:59:53 PDT


eagle5346 ( 55) US $3,400.00 Apr-08-06 17:59:55 PDT


j_stefanich ( 5 ) US $3,205.11 Apr-08-06 17:55:19 PDT


fgjerry ( 1 ) US $3,100.11 Apr-08-06 16:53:13 PDT


boater_allen ( 9 ) US $3,051.00 Apr-08-06 15:15:09 PDT


fgjerry ( 1 ) US $2,975.11 Apr-08-06 14:37:36 PDT


fgjerry ( 1 ) US $2,875.11 Apr-08-06 14:36:17 PDT


boater_allen ( 9 ) US $2,801.00 Apr-06-06 03:38:20 PDT


wang101066 ( 0 ) US $2,610.00 Apr-06-06 09:25:12 PDT


wang101066 ( 0 ) US $2,502.10 Apr-06-06 09:24:46 PDT


boater_allen ( 9 ) US $2,501.00 Apr-05-06 20:26:23 PDT


wang101066 ( 0 ) US $2,411.00 Apr-05-06 22:10:43 PDT


wang101066 ( 0 ) US $2,301.10 Apr-05-06 21:27:10 PDT


wang101066 ( 0 ) US $2,201.10 Apr-05-06 20:58:08 PDT


wang101066 ( 0 ) US $2,101.10 Apr-05-06 20:57:33 PDT


wang101066 ( 0 ) US $2,001.00 Apr-05-06 17:31:01 PDT


boater_allen ( 9 ) US $2,000.00 Apr-04-06 13:33:25 PDT


wang101066 ( 0 ) US $1,801.00 Apr-04-06 20:08:08 PDT


wang101066 ( 0 ) US $1,701.00 Apr-04-06 20:07:24 PDT


wang101066 ( 0 ) US $1,602.00 Apr-04-06 19:42:06 PDT


wang101066 ( 0 ) US $1,551.10 Apr-04-06 19:39:28 PDT


wang101066 ( 0 ) US $1,501.00 Apr-04-06 19:38:52 PDT


wang101066 ( 0 ) US $1,401.00 Apr-04-06 19:38:32 PDT


wang101066 ( 0 ) US $1,351.00 Apr-04-06 19:37:59 PDT


wang101066 ( 0 ) US $1,300.00 Apr-04-06 19:37:38 PDT


wang101066 ( 0 ) US $1,220.00 Apr-04-06 19:36:20 PDT


wang101066 ( 0 ) US $1,162.10 Apr-04-06 19:35:31 PDT


fgjerry ( 1 ) US $1,111.11 Apr-04-06 10:53:42 PDT


cerock02 ( 26) US $500.00 Apr-04-06 06:40:29 PDT


fgjerry ( 1 ) US $401.11 Apr-04-06 10:52:01 PDT


dec1902 ( 16) US $310.00

[Tom52 Member Find all posts View Profile Close Tom52]

Thanks for the clarification Tom.

So it appears that the differences are:

1) 9000 or 12000 points vs. a rebookable Red week.

2) 90-days vs. 45-days for your 4th reservation

3) white weeks must be reserved 11 months in advance of check in vs. 12 months.

4) Bluegreen membership fee vs. none.

Do you need to pay a housekeeping fee for your point reservation? I think Bruce mentioned that he had to pay one.

Yes, you do pay for one housekeeping fee along with your yearly BG vacation club membership. Bruce, with multiple blended UDIs do you still only pay one housekeeping fee for the combined points, or one housekeeping fee for each Blended UDI?

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

Were all of you guys asleep to let him get it for less than 40 cents per Bluegreen point and basically buy the accompaning UDI weeks for nothing?

Based on my 4 plus years of CMV UDI rentals and several years using RCI points IMHO a Pure CMV UDI Cottage is IMHO worth $1,500 to $2,500 more than a Blended CMV UDI Cottage. IMHO Pure Oak Timbers is worth $3,500 to $4,000 more than a pure UDI Cottage.

I did not bid on this, because I am closing on my 2nd UDI purchase for $2,500 (so I guess I'm getting a good deal). I did point another person to it, after I ascertained that it was a blended UDI. By my calculation, the 2 white weeks+flex week cost < $150 in MF a year (backing out the $.054/point MF for old points on 9,000 points).

A darned good deal, but I don't have the free capital to be buying two UDIs at once (or rather, not and keep the wife from boiling me alive). I decided instead to stick with just the 2 pure UDIs and my RCI points week, sell my SA weeks, and be on the lookout for a cheap Bluegreen points ownership (I am under the sway of Boardgirl's mind control device).

And yes, it was this auction on eBay that prompted my questions about valuation of blended UDI ownership.

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

As part of my decision process, I asked which I'd rather have: the blended UDI on eBay for $3,500 (that was my ceiling on the bid that I might have entered), or a pure UDI for $2,500.

So, I asked what the value of the Red Week was, and realized that I deposited my red week this year with HTSE and will be going to Kauai next year for that red week...in other words, a 2BR in Hawaii for 43,500 RCI points. I thought that was a good deal, and I can do it every year, or trade through DAE, Timex, etc. So I came down on the Pure UDI side of the fence.

My closing costs on the pure UDI are lower, too (I'm not paying the full 2005/2006 MF).

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[Tom52 Member Find all posts View Profile Close Tom52]

I agree that blended UDI cottage was a bargin just from the standpoint that it sold for less than $0.40 per point not counting the advantages of the UDI. I was going to post here that the auction was a UDI even though there was no mention about it in the listing. Again, the maintenance fees were the clue. I wonder if it had mentioned the UDI in the ad if it might have sold for a higher price??

I would say if properly represented as a blended UDI, it might have gone for $4,000. If a pure UDI is indeed worth more in the market and Bruce's estimates are correct, they should be selling on eBay for around $5,000.

You have to admit those little UDI cottages generate a lot of interest with 30+ bids. And what % of timeshares sold on eBay go consistently for over $3,000? I would guess probably less than 10%. That's pretty impressive when you think about it.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

I agree that blended UDI cottage was a bargin just from the standpoint that it sold for less than $0.40 per point not counting the advantages of the UDI. I was going to post here that the auction was a UDI even though there was no mention about it in the listing. Again, the maintenance fees were the clue. I wonder if it had mentioned the UDI in the ad if it might have sold for a higher price??

I would say if properly represented as a blended UDI, it might have gone for $4,000. If a pure UDI is indeed worth more in the market and Bruce's estimates are correct, they should be selling on eBay for around $5,000.

You have to admit those little UDI cottages generate a lot of interest with 30+ bids. And what % of timeshares sold on eBay go consistently for over $3,000? I would guess probably less than 10%. That's pretty impressive when you think about it.

Tom,

$3000 is impressive for an individual timeshare. But, did you consider that a UDI has only 17 deeds per unit? That makes the whole condo equivalent only $51,000.