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New Here, have questions on a Grandview purchase

Discussion in 'Buying, Selling & Renting Timeshares' started by Will Wagner, Aug 24, 2018.

  1. Will Wagner

    Will Wagner Guest

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    Resorts Owned:
    Commodore Beach Club
    I own a week in Florida (Commodore Beach Club). Week 19, standard RCI Weeks member. On a recent trip to Las Vegas, I went through a presentation at Grandview that convinced me to convert to points, as I am now retired and travel frequently. I was told my week in FL would earn 43,000 points, but that I need to purchase elsewhere to join. I am willing, but they wanted over $10,000 for an every other year week 1BR 49,000 points unit.

    I declined in order to check resales, and now I find this: 1BR float wk 42 annual deeded 61,000 points $376MF for only $400, by owner.

    There is so much new to me after owning a simple week since 1977, that I have to ask for advice. Is this a good deal, or should I keep looking? I know I will have to pay closing fees, RCI fees etc, probably total under $1000 I'm guessing. And how do I know it's legit? Is there a service that checks title and does the closing properly?

    On this website (buyatimeshare.com) which is by owner, there is also a 2BR lockout, week 4 float annual 80,000 points for $1,000, or a week 9 float annual 2BR 98,000 points for $2,500. But the 2BR units are $700MF so I think the 1BR is more bang for the buck.

    Comments and advice appreciated. Help!
     
    Last edited: Aug 24, 2018
  2. Magic1962

    Magic1962 Tug Review Crew: Rookie TUG Member

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    The Grandview at Las Vegas 122000 points annually....
    I have a 122,000 a year Grandview at Las Vegas that I pay a little over 800.00 mf a year.... watch what you get for MF's because a lot of the 61,000 80,000 or 98,000 Grandview can have the same MF as the 122000.... because you get more points usually you end up paying more initially for your purchase.... Dave
     
    TUGBrian likes this.
  3. Heron

    Heron TUG Member

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    Depends on the number of points you need. You should research the number of points it takes to make the reservations you want. If you need a large number of points, the Grandview 122000 point weeks would be good. If you just want to get into points to PFD your florida week, call Sumday and tell them you are looking to buy a tri 49000 Grandview for around $250. Has same mf divided by 3. Cheapest way into points.
     
  4. Jan M.

    Jan M. TUG Member

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    Wyndham Presidential Reserve at Panama City Beach
    RCI Grandview Las Vegas and Discovery Beach
    The information they gave you about the maintenance fees is incorrect. A two bedroom paid $803 for 2018 and a one bedroom pays approximately half of that. They will likely go up a little for 2019. The one bedroom week getting 61,000 points is the highest number of points for the one bedroom units. $400 isn't a bad price. You don't want the the 80k point two bedroom week as Magic1962 pointed out. That 98k point week is way overpriced.

    There are plenty of Grandview point deeds for sale through various owners and resale companies. Have you looked on any other websites or called any of the resale companies to see what they have?

    You will need to figure out how much the closing costs and other fees will be. If you currently pay for your weeks RCI account, meaning it isn't free as part of your other timeshare, then you will have to pay for a points account. I'm not sure this is correct but I thought other people said you only had to pay the RCI membership fee for one account. The RCI fee is $224 for a new account and that includes the first year's membership and $98 if you already have an account. There is probably a resort transfer fee, maybe $250? Many people on TUG use LT Transfers for their closings and they are usually no more than $225 I believe. And before January 1st you will own the maintenance fees for 2019.

    The owner should provide you with a current estoppel letter to make sure the deed is clean and there are no back maintenance fees owed. It will also verify the week, unit size and number of annual points in RCI the week gets.
     
  5. Magic1962

    Magic1962 Tug Review Crew: Rookie TUG Member

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    The Grandview at Las Vegas 122000 points annually....
    Jan, incorrect is a strong word.... I know what I am talking about.... if you would have read mine, I said I pay a bit over 800.00.... what was incorrect about that.... read before you talk....I have a two bedroom.... case closed....
     
  6. Jan M.

    Jan M. TUG Member

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    Wyndham Presidential Reserve at Panama City Beach
    RCI Grandview Las Vegas and Discovery Beach
    It wasn't you who started this thread nor was it you the content of my post was clearly in response to. If you read both Will's original post and mine you will see that he was told by a seller that the mf's on a 2 bedroom were $700. Which as you know is incorrect. I referenced you as being correct in pointing out that the two higher point levels of the one and two bedrooms are desirable over owing the two lower point levels for the same maintenance fees. I can see how including you in the same paragraph gave you an incorrect impression.

    I hope you don't disagree that $2500 is over priced price for a 98,000 point week. But if you do I will gladly sell you my 98,000 point week for that price!
     
    Last edited: Aug 26, 2018
    breezez likes this.
  7. montygz

    montygz TUG Member

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    I couple of years about I paid about $250 for 98K points. Got it on eBay. Same maintenance fees as the 120K week, but you get in a lot cheaper. I've found that for me us been plenty of points. We take advantage of all the points sales and get plenty of vacations.

    When considering if Grandview is worth it, consider how much you will travel and don't forget about the RCI membership fees and exchange fees for every week you book. One nice thing about Grandview is you get a discount when you book some of the Vacation Villages resorts.
     
    Jan M. likes this.

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