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Starting to see KL resale on eBay

SmithOp

SmithOp

TUG Review Crew
TUG Member
Joined
Jun 17, 2010
Messages
8,160
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Location
Huntington Beach, CA
Resorts Owned
HGVC King's Land 2BR Premier 23.040K Points.
Grand Pacific Seapointe EOY Odd
With the higher point structure at KL and GW, they might be good resale buys even with the higher mfs, Judy has a 12,600 plat point on there with mfs about $1500. Compare to a 10,000 pt 2 weeks at LVH for same mf.
 
"What are talking about? Looks like a text message!"

KL = Kingsland

GW = Grand Waikikian

LVH = Las Vegas Hilton (Karen Street/Convention Center)

Hope that helps. :wave:
 
SmithOp said:
With the higher point structure at KL and GW, they might be good resale buys even with the higher mfs, Judy has a 12,600 plat point on there with mfs about $1500. Compare to a 10,000 pt 2 weeks at LVH for same mf.
Click to expand...

What is the price she is asking?
 
Current bid is $5600 but reserve not met yet. There was an 8400 EOY sold for $5310 in March.
 
blackfoot said:
What are talking about? Looks like a text message!
Click to expand...

Discussing the perfect entry point for HGVC resale, generally want:
- low upfront cost with no rofr
- low annual maint fees
- at least a 7,000 point platinum pkg.

People usually steer away from Hawaii. Grand Waikikian and Kingsland are so new the resale market is just beginning, and I'm thinking there is a silver lining to the higher points there, works out to a better point per maint $ ratio.
 
sjuhawk_jd said:
Please define Judy, mf, plat as well, :cheer:
Click to expand...


Judy = Judi Kozlowski, honest, ethical timeshare Realtor knowledgeable about both Hilton and Marriott timeshare properties. She regularly has properties on eBay.

mf = annual management fees

plat = platinum season of a timeshare property.

:wave:
 
I noticed Judi also has the MB property in resale already. Elara shouldn't be far behind.

I'm personally holding out for Elara to start impacting ROFR at the other Vegas properties. That much inventory (60,000 weeks) will surely have Hilton rethinking adding more liability to their books.
 
Remy said:
I noticed Judi also has the MB property in resale already. Elara shouldn't be far behind.

I'm personally holding out for Elara to start impacting ROFR at the other Vegas properties. That much inventory (60,000 weeks) will surely have Hilton rethinking adding more liability to their books.
Click to expand...

IMOH I think that the Elara is HGVC's way to compensate for not building towers 3 and 4 at the HGVC on the strip. Yes, Elara has more rooms but I bet they got a deal on the mid-strip property.
 
itradehilton said:
IMOH I think that the Elara is HGVC's way to compensate for not building towers 3 and 4 at the HGVC on the strip. Yes, Elara has more rooms but I bet they got a deal on the mid-strip property.
Click to expand...

As long as it gets 7,000 points at the Strip down to $9k again. This $13,500 stuff is already a thing of the past.
 
We are new to considering HGVC and we just met with a sales rep at GW. He indicated that they will exercise ROFR if they see resales at or below 50% of current developer prices, but didn't give any specifics. Which HGVC properties don't have ROFR? Also, which properties tend to have the lower buy in?

Thanks
 
mjm1 said:
We are new to considering HGVC and we just met with a sales rep at GW. He indicated that they will exercise ROFR if they see resales at or below 50% of current developer prices, but didn't give any specifics. Which HGVC properties don't have ROFR? Also, which properties tend to have the lower buy in?
Click to expand...
First off, take what a sales rep says with a grain of salt -- a HUGE grain of salt. They are just trying to make a sale, and are not a good source of correct information.

Second, the only HGVC-developed property that does not have ROFR is Las Vegas Flamingo, to my knowledge.

Kurt
 
mjm1 said:
We are new to considering HGVC and we just met with a sales rep at GW. He indicated that they will exercise ROFR if they see resales at or below 50% of current developer prices, but didn't give any specifics. Which HGVC properties don't have ROFR? Also, which properties tend to have the lower buy in?

Thanks
Click to expand...

50% is steep.

However, it's interesting they'd admit you can buy one resale for 51% of the developer price. Might as well have said "You can save $30,000 on a resale purchase, but we'll buy it back if you're saving $31,000.
 
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