I have Fairshare questions, relating to conversions of weeks.

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

I couldn't be in front of any computer last night because our son and his wife had a co-ed soccer game (this son is 30, so you would think we would not be going to soccer games anymore Some kids never outgrow this stuff.).

I was so disappointed to miss the chat, though I read the transcript this morning, which took over an hour! It was long.

Fairshare is confusing. I have already asked a bunch of questions and seem to have a mindblock on understanding the system. I am used to weeks and have been pretty happy with it. We are really loving RCI points as they are right now, the system is simple, but that is going to change, because it is RCI. I want to try Fairshare, whether by purchasing or by converting.

I saw the conversion rate (on the chat transcript for one week), then the price for additional weeks. I was hoping to find out why this same conversion rate is not holding true for PAHIO. PAHIO owners on our chat group have reported conversion rates of $17K for current owners. This gets an additional points package for an EOY, then they convert your current week. This does not seem to be in keeping with what Wyndham does elsewhere. It will keep us from even considering the conversion to points. I would rather sell these weeks and buy Fairshare points on ebay for 1-2 cents per point.

Does anyone know what point values will be for Shearwater and Bali Hai? We own a crapload of weeks we can convert. I would bet we would have over a million points with our weeks. We own two one bedrooms, one two bedroom and one three bedroom at Bali Hai and one two bedroom at Shearwater. These were all purchased resale. I would be thrilled if they would convert for under $3K the first week and $1K for each additional. I don't know what our maintenance fees would be, either.

We are going to an owners' update next week, during our Shearwater stay. What questions should I ask?

I need to know the cost of converting compared to ebay
What are maintenance fees going to be and are they going to be in that lower range?

Any others?

Maybe I can glean enough information to actually answer your questions this time.

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

Fairshare is confusing. I have already asked a bunch of questions and seem to have a mindblock on understanding the system. I am used to weeks and have been pretty happy with it. We are really loving RCI points as they are right now, the system is simple, but that is going to change, because it is RCI. I want to try Fairshare, whether by purchasing or by converting.

I saw the conversion rate (on the chat transcript for one week), then the price for additional weeks. I was hoping to find out why this same conversion rate is not holding true for PAHIO. PAHIO owners on our chat group have reported conversion rates of $17K for current owners. This gets an additional points package for an EOY, then they convert your current week. This does not seem to be in keeping with what Wyndham does elsewhere. It will keep us from even considering the conversion to points. I would rather sell these weeks and buy Fairshare points on ebay for 1-2 cents per point.

Does anyone know what point values will be for Shearwater and Bali Hai? We own a crapload of weeks we can convert. I would bet we would have over a million points with our weeks. We own two one bedrooms, one two bedroom and one three bedroom at Bali Hai and one two bedroom at Shearwater. These were all purchased resale. I would be thrilled if they would convert for under $3K the first week and $1K for each additional. I don't know what our maintenance fees would be, either.

We are going to an owners' update next week, during our Shearwater stay. What questions should I ask?

I need to know the cost of converting compared to ebay
What are maintenance fees going to be and are they going to be in that lower range?

Any others?

Maybe I can glean enough information to actually answer your questions this time.

The resaon it is 17k is because they are asking you to purchase points, and it probably starts with the point size 105k (or 210 EOY). The one we talked about yesterday night is direct converted with the corp. But I am sorry, I have no idea if you can direct convert with corp or not. In fact, that is what they do with last purchase (the one in PA that Ken owns). The difference is it will give you VIP (don't think it worth though)

FF points has a lot of similarity with RCI points. The only difference is the reservation can be rent out and point can be transfered out in FF.

Don't know about Shearwater. As to Bali Hai, when it first start to sell, someone get a quote of $80 per 1k.

MF will be the same as you currently has, you will add FSP membership fee, which is based on the size of your total points, if it is over 300k, it will be extra .46 per 1k.

KHV 2BD is around 200k to 231k, so your 2BD may get the same point size. That means it will add from 200 to 250 if you converted 2 week.

If you compare eBay with your purchase cost + conversion cost, it will not work very well unless all your week are in the range of 1k. It really depends on how many points they give you. If they give you $17k package that is 105k worth, and allow you convert 4 2BD weeks (which probably will not happen), and each weeks worth 200k, then you get 900k (which is not worth the trouble), but that push your total cost to 21k, so avg to around $23 per 1K, which is close. If they give you 154k for every 2BD week, they are actually PIC that, that gives you 700k pts for $21k or over $30 per 1K. It will be depends on how you value VIP.

Jya-Ning

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

Do you see them changing point values and rules in the future?

If you can rent out your Fairshare points or resorts you have reserved, that is very different from RCI. You would think that policy could be subject to change.

Paying maintenance fees with points--how does it work?

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

Do you see them changing point values and rules in the future?

If you can rent out your Fairshare points or resorts you have reserved, that is very different from RCI. You would think that policy could be subject to change.

Paying maintenance fees with points--how does it work?

Cindy,

Once points are established for a resort, FF/Wyn can adjust points within the seasons. If FF/Wyn changes the total number of points for the resort, owners get a pro rata increase or decrease.

Renting points or weeks you reserved will probably remain available for owners. No rumors otherwise.

Paying maintenance fees with points can be done. You get $2.10 credit per 1,000 poiints. Non VIP have 3 months in Use Year to apply to MF, VIPs have longer time to apply to MF. However, this is a terrible use of points because you can rent points for $6 to $7 per 1000 to other owners.

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

The process of exchange as I understand it:

You call and reserve a week with Fairfield, then you deposit the week into RCI for searching availability. Is that true? Then you pay the $164 exchange fee? Is it reduced as a Fairshare member?

Jya-Ning and Mike, do you know the power of that week when you reserve it? I understood that you try lower points weeks first and then move up. How do you do that?

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

Not exactly.

To deposit a week with RCI you request of FF/WYN a deposit of a certain point value. Lets say 70K, you can request it be "visible" or not. Usually you will be given a generic deposit which you can not use to search yourself. Have to call to request searches or place an ongoing search.

You pay the $164 fee, no break there.

If you wanted to deposit to an independent exchange company then you described it as it works. Reserve a week through FF and then contact the exchange company.

If you request a visible week by it's nature it will have a differing trade power value. FF/WYN however seems to be depositing such weeks as the requests are made and so they have little trade power. Generic deoisits on the other hand are supposed to be an average of weeks and have an average trade power.

The feature that you refer to "search first" requires a call to a vacation guide and yes you see if a smaller value will obtain and then move up in values.

[vincenton Member Find all posts View Profile Close vincenton]

Hello Cindy,

I spoke to a sale person from Bali Hai. She said that all 2BR from shearwater converts to 500K.

Minimun purchase is 154K (EOY of 308K of 2BR) for $17K which is what I was quoted a few weeks ago.

Vincent.

[vincenton Member Find all posts View Profile Close vincenton]

Cindy,

The attachment is a pdf file for points at Bali Hai. Usually to convert a fixed week to points follow the same points value.

This will give you a starting points for the amount of points your weeks are worth.

Any units above the first floor is consider upper level for points value..

ps. Didn't I email you on the OY forum with similar information?

Vincent.

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

Wow, if $17k (with EOY) can convert 2 wks, Cindy will be Plantinum owner. Even if both week are purchased worth 4k, it is $25 per 1K points. And if both weeks MF is 1200 each, the new points is $4 per 1K, the avg MF plus FSP membership is still less tha $3.5 per 1K, if she want to just rent out points, it is around $3 per 1K profit.

Cindy, you probably should bring you check book with you.

Jya-Ning

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

Cindy,

Wow also.



Mark B.

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

You guys are kidding, aren't you? You really think we ought to pay that much money to Fairshare points? We own a Shearwater, a three bedroom, two bedroom, one bedroom and one bedroom EOY at Bali Hai. They will charge us more to convert all weeks, right?

[vincenton Member Find all posts View Profile Close vincenton]

Hello Cindy,

I think so, but you don't have to convert all your weeks. Let say you convert two of your weeks.

With the current conversion, if you purchase 154K you are allow to covert 2 weeks and PIC two weeks (max.). This may or may not be the same with the 'PAHIO' resort. Let just assumed it is..

Shearwater 2BR - 500K
Bali Hai 2BR - 325K
154K (UDI, retail)
PIC - 2 x 3BR (red) - 508K

1487K - You are VIP Platinum.

If you don't want to use your points the going rate is $6.5/K. For just your shearwater unit is worth 500K if you rent the points out to other owners you'll net $3250 alone.

If I had your number of weeks at Shearwater and Bali Hail I would definately purchase more points to get me to Platinum.

If you have other RCI fixed weeks you can PIC a max. 2 weeks. Look for 3 BR red SA weeks with low MF fee, the two will net you an additional 508K of points each year. I think they only take Gold Crown resort now, but do check to verify.

You said you're heading to Shearwater later this month. It would be a good time to ask questions.

Vincent.

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

No, that is about the lowest you may get to Plantimun if you have buy from the sale dept. I don't know if you want to PIC 2 thought. PIC does add some cost so unless the MF is really attractive, it may not worth.

You will be able to get inventory at 60 days with 50% discount. That is about the lowest you can get compare to anyone even if they try to use RCI exchange.

Jya-Ning

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

We're going to Shearwater in two days.

Let's see what they say at the owners' update. I can't see paying PAHIO that much money.

[vincenton Member Find all posts View Profile Close vincenton]

I know if some 3BR (red) Gold Crown resort, current MF fee is approx $350. So for the cost of approx $400 - $450 MF fee + Fairfield fee.

This is do able. I know, I have some PIC weeks from this resort.

Vincent.