Hi, I just came across this forum, and now realize I should’ve done my research before the presentation lol. I’m still in my rescission period and would really appreciate any advice. I wasn’t expecting to buy but the HGVC program seemed like it would fit my needs well and the perpetuity seemed very valuable to me. I asked the sales folks about resales and they acted as if RedWeek, resales etc are all scams. How can one be certain resale packages are legit? I bought 3400 gold annual points with an 8k point sign on bonus for $20k (Technically for the Tuscany resort in Orlando, but apparently that only matters for the home week early booking window) Looking at resale values on here and RedWeek, that seems like a lot but I looked at the reservation system and it looked like I could use points to cover my two big annual vacations plus a short one or two during low demand seasons. How can I ensure apples to apples when looking at resale packages? Thank you!!!
Quickly...
1. Pay $15 for an annual membership to TUG. Best use of 3-Starbucks-Coffees money ever.
2. RESCIND! RESCIND! RESCIND!!! Never buy from the developer. You can get 3400 gold points for $500 or less without breaking a sweat on the resale market! Your maintenance fees at Tuscany would probably make it tough to GIVE your 3400 points away eventually - a bitter pill to swallow after a $20k investment.
3. Apples to apples comparison are going to involve:
a. MAINTENANCE FEES. Once purchasing, you are required to pay these annually as long as you own the deed. Find your desired point value but seek listings with the lowest maintenance fees (generally the Vegas properties)
b. SEASON OF POINTS - platinum vs gold. Platinum points listings generally cost more but result in lower maintenance fees (for the same point values) and have higher resale value. Gold is generally the converse of each part of the previous sentence.
c. LOCATION. A handful of properties are more difficult to reserve than others. It can be of benefit to own at a certain location depending on needs. Your Mileage May Vary on this one.
d. CLOSING COSTS. Some listings on eBay, TUG or Redweek have sweeteners like “seller pays closing costs” or “seller pays transfer fees”.
4. Lots of reputable sellers on TUG and Redweek especially. Some good ones on eBay also but check the seller ratings for those auctions. Stay away from anyone with only like 5-10 ratings.
5. Once you get past the smarmy tactics of their sales department, HGVC is a fantastic timeshare company that treats its owners (even those via resale like me) very well.
6. Did I mention paying for a TUG membership?? SOOOO much information and so many quality, experienced contributors.
Happy Hunting and follow the recission instructions!!
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