That said. If I wanted 2 million points I could obtain the other 500k from one of the mentioned resorts via resale but I would still only be platinum elite correct?
And all other uses of the resale points would work the same as our current points do such as banking. Hotels. Etc. ??
Yes, you would be at the current level if you add points resale.
The resale points purchased at the 3 mentioned Resorts function the same as your points, you can bank, borrow, rent, convert to IHG, but do not quality for elite.
Reale trust points have more restrictions than the 3 resorts, and can not bank, and other restrictions. The trust points are relatively new so I am not familiar with all the restrictions.
A good resale contract at these 3 resorts ranges from $20 to $30 per thousand points. Lake Geneva contracts have MFs per points, unlike the other two that are based on unit size. If you setup searches, you might find great deals as listing agents do not know the value of these units, but it has not been as common as in the past.
Ebay is usually a good place to buy at market price as you would be biding against other people that know the value.
Lastly, if you are looking for another 500k resale, be on the lookout for closing costs. Good case snario is a 176k contact (in 3 years searching for units, I have never seen any lock-off units in the market at the above price), and I have seen companies charging over $1200 in closing costs and fees, so it ads when buying multiple contracts.
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