how to get rid of HGV (paid in full)

[alwysonvac]

Hi, thank you for the response. Yeah, I thought mine would max at 3,000. I wasn't considering a broker, as I wanted to facilitate this myself. May I ask if you (seller) had to cover transfer and closing costs before the sale for $4,000?

If you decide to sell it yourself, just be aware of the scam offers.

http://tug2.net/timeshare_advice/timeshare_scams_revealed.html
http://tug2.net/timeshare_advice/timeshare_company_legitimate.html

An example of a scam:
http://tugbbs.com/forums/index.php?threads/scam-alert-hearing-impaired-buyer.208549/

 

[SmithOp]

Hi, thank you for the response. Yeah, I thought mine would max at 3,000. I wasn't considering a broker, as I wanted to facilitate this myself. May I ask if you (seller) had to cover transfer and closing costs before the sale for $4,000?

Its all negotiable in your sales contract. I've used LT Transfers several times. They have the buyer send them a cashiers check to hold, and release it to you once the transfer is complete. I paid their fee plus the HGVC estoppel fee, about $250 total, then the buyer pays all the other HGVC fees.

I sold an eoy 8700 for $3000, buyer paid all. An eoy 7000 for $4000, I paid LTT fees.

They have a contract template you can use.

http://lttransfers.com/deedprep.html


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[DazedandConfused]

Be careful for Las Vegas Elara as some of those are Westgate legacy weeks and not true HGVC

 

[coronacars]

I did not pay the closing or transfer costs. That the buyer paid.

 

[Remy]

I recall this $1/point debate before. I'm not sure how useful that guideline is now that there are more resorts, differing point charts for newer resorts, and MF variance is high. If I could buy 9,600 points at the Boulevard location for $9,600, I'd do that all day long, but I wouldn't pay $4,800 for 4,800 points at the same resort (or Flamingo). $7k for a 7,000 point unit at the Boulevard seems to be where the $1/point is proven these days (and a recent legitimate eBay sale confirms). Back in 2011 that unit was almost $2/point to beat ROFR.

All this is to say, price is a function of many variables that include season, point value, fees, location and ROFR.


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[GT75]

All this is to say, price is a function of many variables that include season, point value, fees, location and ROFR.

Very True. We each can put our best guess as to what something is worth or what will pass ROFR but in the end, it is only that. I think that we can provide some guidance.

 

[bagabonz]

I paid $1 for 4800 odd year Bay Club points last December. It was on ebay. The owner paid all the closing costs. I think no one else bid because it ended during the holidays. Fits in nicely with my 7000 even year points at the same place. That one cost $100 in 2011, but I did pay the closing costs on that one.
TUG is the best!
Shop around and you might be surprised.

 

[MAT]

Its all negotiable in your sales contract. I've used LT Transfers several times. They have the buyer send them a cashiers check to hold, and release it to you once the transfer is complete. I paid their fee plus the HGVC estoppel fee, about $250 total, then the buyer pays all the other HGVC fees.

I sold an eoy 8700 for $3000, buyer paid all. An eoy 7000 for $4000, I paid LTT fees.

They have a contract template you can use.

http://lttransfers.com/deedprep.html


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thank you so much! I am sorting out my best option now.

 

[MAT]

I paid $1 for 4800 odd year Bay Club points last December. It was on ebay. The owner paid all the closing costs. I think no one else bid because it ended during the holidays. Fits in nicely with my 7000 even year points at the same place. That one cost $100 in 2011, but I did pay the closing costs on that one.
TUG is the best!
Shop around and you might be surprised.

Thank you, these are all excellent insights and ideas!

 

[MAT]

Very True. We each can put our best guess as to what something is worth or what will pass ROFR but in the end, it is only that. I think that we can provide some guidance.

Thank you for making me look at these variables! Elara HGVC, Las Vegas. One BR, Floating unit week number 51, biennial -even numbered years; 4,800 pts; $860 MF every other year. $150 Club dues every year.

 

[MAT]

Very True. We each can put our best guess as to what something is worth or what will pass ROFR but in the end, it is only that. I think that we can provide some guidance.

hank you for making me look at these variables! Elara HGVC, Las Vegas. One BR, Floating unit week number 51, biennial -even numbered years; 4,800 pts; $860 MF every other year. $150 Club dues every year.

 

[KLAU]

Yes, anything less than 4800 points is given away free on TUG.
Folks can find 3400 point weeks on the TUG Bargain Deals Forum.

Why is that? I'm new here and have been learning about HGVC. What makes the <4800 points EOY or annual undesirable? (MF to points ratio too low? too few points to practically use?)

 

[alwysonvac]

Why is that? I'm new here and have been learning about HGVC. What makes the <4800 points EOY or annual undesirable? (MF to points ratio too low? too few points to practically use?)

Both not enough points and MF to points ratio is low.

Annual HGVC Maintenance Fees (MFs) are generally based on resort and unit size.
As a result, owners with different seasons may pay the same annual MF at the same resort.

For example, the following owners at the same resort may pay the same annual MF
 two bedroom platinum season (7,000 annual ClubPoints)
 two bedroom gold season (5,000 annual ClubPoints)
 two bedroom silver season (3,500 annual ClubPoints)
 two bedroom bronze season owner (2,500 annual ClubPoints)

For this reason, some owners choose to purchase a week in a higher season with more ClubPoints instead of one or more weeks in a lower season with less ClubPoints. NOTE: Prices are generally higher for the higher seasons compared to the lower seasons.

 

[nickstushar]

Hi Mat,

Welcome to TUG.

If you're selling out of frustration then maybe we can help you learn how to use the system. HGVC has some nice upscale resorts. We might be able to help you at least take one or two trips before you give it away.

If you're selling due other reasons (i.e. unexpected medical or financial reasons), reach out to Seth who is one of the recommended brokers on TUG.

About Seth - http://www.sellingtimeshares.net/selling-timeshares/about-us/​

FAQs - http://www.sellingtimeshares.net/resorts/hilton-grand-vacation-club/faq/​

Listing prices - http://www.sellingtimeshares.net/category/hilton/​

Hi,

Is there anyway you can help me learn how to use this? My Wife took this 2 years back and I am still not sure how to use this. I kept on paying the amounts. Can you please help me with this?

 

[GT75]

Is there anyway you can help me learn how to use this?

Are you asking how to use an HGVC TS (like book a stay at one of the HGVC resorts)? or something else?

 

[alwysonvac]

Hi,

Is there anyway you can help me learn how to use this? My Wife took this 2 years back and I am still not sure how to use this. I kept on paying the amounts. Can you please help me with this?

Hi Nickstushar and Welcome to TUG

I’m going to assume you’re asking how to use your HGVC ownership.

We’ll need to know what own (HGVC resort, By Hilton Club Resort or HGVC affiliated resort) but for now, I’ll just provide a brief high level overview.

NOTE: I’ve excluded all of the HGVC exceptions in the high level overview below

HGVC Owners typically buy one week at a specific club resort. Each week is assigned a specific number of ClubPoints.

HGVC provides owners with exclusive booking access at their home resort. [Full week stay]
Owners can reserve the exact unit size and unit type in the season that they purchased for the full week based on a fixed checkin date at their home resort. This exclusive window is typically three months at most resorts (approximately 12 months to 9 months before checkin). It’s a weeks based exchange system.

For example, if you bought a one bedroom plus Gold Season at Parc Soleil by Hilton Grand Vacations in Orlando. You would be entitled to book a full week in a one bedroom during Gold Season (Weeks 1–5, 16–23, 33–50) with a Saturday checkin during your exclusive home week booking window before booking access is provided to all owners.

HGVC provides owners with the ability to book other Club Resorts [3 night minimum stay]
Once the exclusive booking window ends, HGVC allows all owners to book any resorts within the Club using ClubPoints. The Club Reservation window start 9 months before checkout. Owners can book any season, at any resort (including their home resort), on any checkin day, in any unit size and/or unit type for any number of nights (minimum of 3 nights). All HGVC resort owners have an equal chance at booking at any HGVC resort.
NOTE: High demand resorts/weeks will be booked first as soon as the window begins.

For example, if you bought a one bedroom plus Gold Season at Parc Soleil by Hilton Grand Vacations in Orlando. According to the HGVC Point Chart for Parc Soleil by Hilton Grand Vacations, you would have 4200 ClubPoints to use at HGVC resorts, RCI, etc.

In summary, most HGVC resorts basically have three reservation windows:
(1) Home Week window (3 month period begins 12 months prior to check-in and ends 9 months prior to check-in) requires a full week in the unit type and season owned on the designation home Week check-in date)
(2) Club Reservation window (begins 9 month prior to check-out) requires a three night minimum; and a reservation fee to make a reservation at any Resort using ClubPoints
(3) Open Season Rental Reservation window (cash rentals begin 30 days before check-out ) requires a two night minimum; available to members for their personal use only (no guest certificates)

Here are the links to the 2021 Club Reference Guide and 2021 Club Point Charts.

2021 Point Chart and Open Season Rates

https://d1m2ucn09z2f8d.cloudfront.net/static/documents/7131a677-57b3-47da-9709-c8a63f3f3b20/HGV%20Points%20Open%202021-4.pdf

2021 Club Reference Guide

https://d1m2ucn09z2f8d.cloudfront.net/static/documents/85cee84d-8a8b-443a-8f3a-6d587075219c/HGV%202021%20Rules%20Booket-4.pdf

I hope this helps

 

[nrslori]

For example, if you bought a one bedroom plus Gold Season at Parc Soleil by Hilton Grand Vacations in Orlando. You would be entitled to book a full week in a one bedroom during Gold Season (Weeks 1–5, 16–23, 33–50) with a Saturday checkin during your exclusive home week booking window before booking access is provided to all owners.

I am looking at purchasing HGVC (resale)Can you clarify if you choose the home week option can you choose any of the weeks listed ? ie: week 20 , then week 50 then week 3 ? probably a bit silly but cannot seem to wrap my head around it . How can weeks 1-5 at a ski resort be the same value as a midsummer week ? Thanks

 

[alwysonvac]

I am looking at purchasing HGVC (resale)Can you clarify if you choose the home week option can you choose any of the weeks listed ? ie: week 20 , then week 50 then week 3 ? probably a bit silly but cannot seem to wrap my head around it . How can weeks 1-5 at a ski resort be the same value as a midsummer week ? Thanks

In theory yes, you can choose any week within the season you own. But start a new thread and ask questions if you’re looking at a specific ski resort.
NOTE: Some resorts sold fixed weeks.

Also look at the Point chart link in the previous post above. Point charts vary by resort.
For example here’s a Colorado Resort and an Orlando Resort. One has four seasons while the other just has two seasons.

 

[GT75]

I am looking at purchasing HGVC (resale)Can you clarify if you choose the home week option can you choose any of the weeks listed ? ie: week 20 , then week 50 then week 3 ? probably a bit silly but cannot seem to wrap my head around it . How can weeks 1-5 at a ski resort be the same value as a midsummer week ? Thanks

If you purchased a floating ski week at Valdoro, then your Home Ski week is only Weeks 1-15 and 47-52. It doesn't include the summer weeks.

 

[sng85]

Valdoro is a bit unique in this regard, right? Most other resorts seem to just go by the Platinum/Gold/Silver/Bronze seasons.
In addition to Platinum, the weeks are also classified as ski OR summer (although its not shown in the clubpoints chart). So you can own a platinum summer week OR a platinum ski week. Owning one doesn't allow you to book the other season as a Home Week.

 

[GT75]

Valdoro is a bit unique in this regard, right? Most other resorts seem to just go by the Platinum/Gold/Silver/Bronze seasons.

Yes, Valdoro is unique in that regard. Sunrise Lodge just has a platinum ski season. Valdoro also has some unique deeds. Many of the ski deeds are a fix ski week with a floating summer week (therefore two weeks).

In addition to Platinum, the weeks are also classified as ski OR summer (although its not shown in the clubpoints chart). So you can own a platinum summer week OR a platinum ski week. Owning one doesn't allow you to book the other season as a Home Week.

That is correct.

 

[sng85]

Thanks for confirming @GT75 !
This explains why there is a large disparity in pricing even for platinum valdoro weeks between summer vs ski

 

[phil1ben]

I just (two weeks ago) closed on a 7000 point annual platinum contract at Las Vegas Boulevard for $2,500 plus closing costs through Judi Kozlowski. A 4800 EOY package has little resale value.

 

[nrslori]

Yes, Valdoro is unique in that regard. Sunrise Lodge just has a platinum ski season. Valdoro also has some unique deeds. Many of the ski deeds are a fix ski week with a floating summer week (therefore two weeks).

That is correct.

Thank you ~that answered my question pefectly !!!!

 

[sherakay]

I just (two weeks ago) closed on a 7000 point annual platinum contract at Las Vegas Boulevard for $2,500 plus closing costs through Judi Kozlowski. A 4800 EOY package has little resale value.

I'm thinking about using Judi for a contract. What other fees did you have to pay other than the 429 transfer, 79 estoppel, 186 club fee and 617 activation fee? I can't seem to find out their closing/escrow/admin costs. Diane seems to charge ~$496 and SellingTimeshares.net seems to charge $375.