Very basic questions ...

[mom2brina]

A relative has a timeshare that she wants to gift to us. We have almost no information on it right now (she said she will send us some). All we know is that it is through Wyndham, on Disney property in Orlando, and maintance fees are $880 per year.

Is this the same thing as DVC?

What other fees would we be looking at? Transfer fees? Taxes?

We are totally new to the timeshare world, so I just want to know what we would be getting into.

 

[Sandisw]

If it is owned by Wyndham, then no, it is not DVC. I am not sure about the rest of the information.

 

[erionm]

Could be the Wyndam Bonnet Creek Resort.

 

[erionm]

When you gift it to you, do you mean that she wants to turn over ownership of the timeshare or just let you use the week for a vacation?

If she want to give you ownership, you should contact a tax professional and possibly a real estate lawyer to ask those questions.

 

[mom2brina]

Yes, she wants to give us ownership of the timeshare.

Thanks for pointing me in the right direction ... now, if she would only give us more info. I want to get excited about it, but I am not getting my hopes up. It may not make sense for us.

 

[bwvBound]

Agreeing with poster above, sounds like Wyndham Bonnet Creek. For some pictures and info, there are several ads running on eBay. This one seems to be fairly well written -- although I expect it has more points than that of your relative.

 

[littlestar]

I agree, it sounds like it might be Wyndham Bonnet Creek. You can see Disney's Caribbean Beach resort from Bonnet Creek. I'd check with your relative and make sure it's paid off and that she doesn't have a loan on it. Here's a link to the Wyndham directory (they have lots of locations). Click on Contents and that will bring up the listings of the resorts. When you click on a resort, it will take you to pictures of the resort with the point charts:

http://www.nxtbook.com/nxtbooks/wyndham/memberdirectory0910/

We recently purchased some Wyndham points resale ($26.00 on Ebay). Bonnet Creek goes for more money on Ebay than what I paid for my Wyndham Smoky Mountain points, though. Here is a thread from Tug (timeshare users group) where I posted a question about Bonnet Creek's fees that might help you:

http://tugbbs.com/forums/showthread.php?t=107631&highlight=bonnet+creek+maintenance

Wyndham is a completely different timeshare system then DVC. Although Wyndham's Bonnet Creek resort sits square in the middle surrounded by Disney property, it's not a Disney resort.

When we close on our Wyndham points, I plan on stretching my DVC points with some stays at Wyndham Bonnet Creek since it's within the Disney arches and has frequent free shuttles to the parks. I also like Wyndham's locations at National Harbour, Alexandria VA, and Destin and Panama City, FL, and San Antonio. DVC supposedly may be opening a resort at National Harbour, too.

Just so you know, there are some other Wyndham resorts in Orlando besides Bonnet Creek.

I think there is a transfer fee with Wyndham of around $100 to $125 when you change ownership.

 

[Chuck S]

While Bonnet Creek is a lovely resort, and is the closest "offsite" timeshare to Disney (at least until Four Seasons opens), be aware that as far as Disney is concerned, it is still "offsite."

No WDW room charging, resort package delivery, extra magic hours, free theme park parking, or other "onsite" amenities. Their shuttles do not use the convenient drop off areas of the Disney busses, and do not run as frequently.

But, it is a good location with lovely rooms that is coveniently located. It just isn't DVC, as far as Disney amenities.