Tweet
new to wyndham/fairfied resorts
guess i am just looking for some validation for purchasing my first timeshare.
seems like a good deal in the long run.
seems like a good deal in the long run.
-
-
Retail Wyndham is not a good deal
Wyndham (formerly Fairfield) is a great system and a true bargain at resale pricing. SO the first question is did you buy retail from a resort or resale? If retail how long ago? It's important because if you purchased retail and it's within the 5-10 rescind period the first thing most people on any of these sites will tell you is rescind and buy resale. You'll save 2/3 or more and have the same product.
When & what did you buy? -
purchased 3/29/07 in sedona-every other year (EOY)@ received add'l 217,000 points for a total of over 300,000 points eligable for V.I.P. for the 1st 2 yrs.Comment
-
Dont Buy It
The VIP is not worth it.Fax & federal express the recend letter. Stop Payment.....Originally posted by gynot007 View Post
then go to ebay and look up Fairfield (under real estate) and find the same thing for 10 cents on the dollar or less.
eBay - Fairfield, Timeshares for Sale, Land items on eBay.comComment
-
retail vs. resale
has anyone ever bouhgt retail and been happy? i see so many problems with title transfers and RCI points not being transferable. the plan we bought seemed to fit our needs and @11K didn't seem to be out of line, maint. is 29.00 a month. help me out, we just want to take a vacation twice a year and stay someplace nice,Comment
-
Why did you post this under "Horror Stories" and not in our "Fairfield" forum?"A man that doesn't spend time with his family, can never be a real man" The GodfatherComment
-
You can pay $11K for it, or you can pay ~1500 for it. The only difference betwen the two is that one gets you VIP benefits, the other does not---you have to decide if those benefits are worth $9K+
Some would argue yes. Most would argue no.
There are many buyers who purchased from the developer at developer prices and have enjoyed their purchase to its fullest. But, if they had it to do all over again, there are few who would buy from the developer rather than buy a resale contract.
Rescind your sale, and look to see what's available in the resale market. Learn how the resale process works. If after that you decide you want the retail purchase, that deal (or one very much like it) will always be there.Comment
-
thanks
to chap, i quess horror stories is where i was when i posted "im brand new at this and didn't know any better" in fact the moderater at TUG had to move my 1st post for the same reason, bear with me, you guys are great! do i really have 10 days ro recend? we put the down (1100.00) on a charge card so it shouldn't be a problem, of course they want a voided check to automatically withdraw monthly maint. fees. and what about all that paperwork we signed!!?? let me know. its kinda strange i don't know you, but some how i do trust you.....Comment
-
You are still hearing weasels in your head
Assume it's only 5 days to be safe. Don't wait - rescind now. You can always go back and they'll give you the same (or better) deal later. Once your rescind period is gone it's gone and you own grossly overpriced every other year (!!! - not good) points you won't be able to sell at $2000. Don't make that mistake. Rescind - NOW. The sales weasels are not your friends. The people on these boards are only trying to save you from a big mistake (again, not with the Wyndham system but paying 80% too much for it) that many have made. Listen to their wise advice for the good of your pocketbook.Originally posted by gynot007 View PostComment
-
I bought my 1st TS through FF retail. I know a lot of people that bought their TS more than a long ago are from retail. And I know they are using their TS to their best, and thus they are very satisfy with their purchase.Originally posted by gynot007 View Post
Since that, I bought 6 more all through resell. I am pretty sure one day I will get burned, but so far, it has yet to happen.
If back to the same time I believe I will still purchase retail with the same knowledge I have at that time. However, that is the time before eBay become a stable resell market and internet becomes a everyday usuage. Today, if you just look around, you can determine if you will happy with your decision. If I am starting to purchase today, I am pretty sure I will buy resell.
Happy or not really depends on if you can use that timeshare or not, since it is a product very hard to sell and not expect a loss, and it will need to pay extra money every year. So happy by one person maybe a nightmare by another.
If you have not already done so, regist in eBay, after you use Hostelling's link to get see the current eBay FF auction, you can click on "Completed List" at left bottom area, and see what will you feel about your purchase. I will say, if you can live with that knowledge, you will be happy.
Just curious, what is the price you pay, and where is the deed (Is it in Sedona?). Is there a Maintainence Fee you need pay for those addition 217k points?Originally posted by gynot007 View Post
Sounds like you bought 166k EOY is that true? Or it is similar to 83k per year. Depends on the location. I think you will loss 90% of that value.
Now, if you purchase resell, the point will not count toward VIP and you will not get RCI point resort access. You still will get RCI week resort access. And last I know, I believe week deposit still count 70% of RCI's deposit.
But if you decide later on that you need these, you can always buy retail that time and get it.
Just play with the number so what you like.
If you borrow from them, you can look at purchase resell and pay yourself the same amount of money, after 7 years, you will have enough money to cover your MF for the same point size.
Jya-NingJya-NingComment
-
$11,500.00 deed is in sedona no add'l fees for "bonus points" "I hope", we signed off on $29.00 a mo. maintainence inc. the extra 217,000 so basically we paid 11.5K for 300 and some odd thousand points for the 1st 2 yrs, then 168,000 every other year after that. in my pea brain breaking it down over 5 yrs it appeared we would break even then pay only the $29.00 a month plus any extra points we may need from that point on. am i totally wrong?Comment
-
The thing that concerns me is you wrote "I hope" when it comes to your bonus points and what you're really being charged for the entire package. If you are unsure you certainly should considering rescinding. I bought my first *two* timeshares from developers at about the same cost you're paying (adjusted for inflation), and if I had it to do over I would have bought resale if I'd known better.Originally posted by gynot007
Btw if you're interested in live chats, we're going to have a Fairfield/Wyndham points chat later this month, either April 18 or 19. We'll know this coming week for sure the exact date and time. Hope you'll join us in the TS4Ms chatroom for what we hope will be a stimulating discussion.
"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed and those who are cold and are not clothed."
-- Dwight D. EisenhowerComment
-
Almost sounds like you're trying to talk us into buying too!
Listen to these people. They forgot more than you and I know.
Cancel-take a deep breath-read a little- laugh a little and then buy RESALE!
I was lucky. I stumbled across ebay even before I found these boards!
Good luck!
Originally posted by gynot007BillComment
-
Perhaps it was your subconscious that put this thread in the Horror Story forum. In that case, I think you should heed the warning. Rescind now and do a little more research. Like others have said your "deal" will still be there later should you decide to go that route."A man that doesn't spend time with his family, can never be a real man" The GodfatherComment
-
Hi gyno - I have to agree with others that have posted - Follow the directions exactly and rescind your purchase -and as you are sold on TSing as we all are here and on TUG - continue to read and learn.
I also hear your concern about what you are buying when you are buying resale on ebay - just remember that even though you are buying resale - you CAN get title insurance to protect your purchase.
I will ask Frank to move this over to the Fairfield board.
to TS4Ms
Comment
Comment