Elite status at resale prices!

[CalGalTraveler]

+1 To summarize:

7k+ pt Platinum in Vegas (Blvd, Paradise, Elara, Flamingo) at $1 a pt or less plus closing costs is a good deal. You can sometimes find better but you have to be very patient in this economy.

Because life happens (medical, death, divorce) and the value is < $9k, sometimes families opt to sell for less because the value of waiting to get an extra $1 - 3k is not worth it.

Other sellers dont mind waiting it out.

 

[GT75]

I agree but I would also include MFs at < ~$0.15/point to your requirements. Obviously the nearer to $0.1/point (or below) the better.

I would only suggest not using these guidelines if you are purchasing in hard to get location and plan to use the purchase > 50% of the time.

 

[PigsDad]

If I understand it correctly, it is NOT the resort that makes the resale purchase count toward Elite, it is if the resale transaction is made by an Authorized HGVC reseller. Again if my understand is correct, even if I owned a 2 BR at Surf Club and wanted to sell it to a TUG member for say $10,000, it wouldn't count toward Elite for that member. But if I offered it up for sale through an HGVC Authorized Reseller perhaps they would charge say $15000 and it would count toward Elite.

Right, it definitely is who the resale transaction goes through that determines if it counts toward Elite. When I was mentioning the SW Florida resales, I was referring to buying from the sales office at those locations and that those purchases counted toward Elite. But some were questioning if that was still the case. And there were some pretty good bargains -- weeks as low as $2K (Gold, but if you wanted Elite, a pretty cheap way to get there -- buy 3 Gold 5000 point weeks for $6K total and you are Elite).

Kurt

 

[Tamaradarann]

Right, it definitely is who the resale transaction goes through that determines if it counts toward Elite. When I was mentioning the SW Florida resales, I was referring to buying from the sales office at those locations and that those purchases counted toward Elite. But some were questioning if that was still the case. And there were some pretty good bargains -- weeks as low as $2K (Gold, but if you wanted Elite, a pretty cheap way to get there -- buy 3 Gold 5000 point weeks for $6K total and you are Elite).

Kurt

Wow, I didn't realize that HGVC Authorized Resales were that low. Those are 2 BR so the maintenance must be pretty high. I need 15,400 for Elite Premier I wonder how much a 2BR Platinum would be? I would need 1 of those an 2-2 BR Gold for 17000 points. The maintenance probably would be about 4K.

 

[CalGalTraveler]

I agree but I would also include MFs at < ~$0.15/point to your requirements. Obviously the nearer to $0.1/point (or below) the better.

I would only suggest not using these guidelines if you are purchasing in hard to get location and plan to use the purchase > 50% of the time.

+1 Specifically the guidelines do not apply to properties that you plan to visit > 50% of the time in:

NYC by Hilton Club
Oahu summer
Florida affiliate peak season
ski weeks in Breck and Park City
Portugal

(Have I forgotten any?)

Bottom line: You will need to pay more to own at the above properties to get reservations. If you only plan to visit once or twice as part of your bucket list it is possible to get reservations but you will need to book at midnight when the club reservation window opens. If you get a reservation, you will get the leftovers i.e. will not get the best view or desired room size.

 

[rdw95]

We purchased our summer week this summer through the resale agent at Tortuga. Joanne was great. We got a summer week for 5K. It took 9 weeks for everything to show up on our dashboard. This sale put us at 15,000 points.

 

[Wgk101]

I purchased a resale charter club 5000 points maintenance fees about $1100

 

[GMan82]

So I heard back from the Scotland official now. It is possible to get resale there for not expensive at all and have it count towards elite.

I wonder how HGV allows it. He says that HGV has no control over the prices.

 

[natarajanv]

So I heard back from the Scotland official now. It is possible to get resale there for not expensive at all and have it count towards elite.

I wonder how HGV allows it. He says that HGV has no control over the prices.

I believe because it is an affiliate and has no ROFR

 

[jdfun]

We purchased our summer week this summer through the resale agent at Tortuga. Joanne was great. We got a summer week for 5K. It took 9 weeks for everything to show up on our dashboard. This sale put us at 15,000 points.

What is your MF for the 5K summer week? Can you please share the info of HGVC resale agent in Tortuga? Thanks.

 

[Talent312]

What is your MF for the 5K summer week? Can you please share the info of HGVC resale agent in Tortuga? Thanks.

jdfun, thanks for participating in TUG. But you're reply is to a post from 2018.
You might get a better response by starting a new thread.
.

 

[rdw95]

Ours counted. Call the Tortuga office and ask them for the Hilton resale agent. She has changed from the previous agent, but she has an office within the Tortuga office.