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Paradise Village, Nuevo Vallarta - owners update

Discussion in 'Mexico Timesharing' started by terrisandrew, Nov 4, 2018.

  1. terrisandrew

    terrisandrew TUG Member

    Joined:
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    Location:
    Watkinsville, GA
    Just got back from a week at Paradise Village - we own a week which was purchase resale 20 years ago - Thanks TUG. Have not been to an owners update in many years and figured we would give it a go. The numbers came down to this - 15200 points (RTU till 2048) at a net price of $9600 (this includes the "equity" from my current purchase). The only interesting feature was that they have a program were if you don't use your points you don't need to pay the MF (minus a processing charge of $100). I would have been tempted if the price was in the 2-3K since this is double our current points and figure this is what transfer fees would be on a resale. I did not get into negotiating and walked away - maybe another time. Just though someone may be interested in what the developer is offering. We had a great week there as always.
     
  2. T-Dot-Traveller

    T-Dot-Traveller TUG Member

    Joined:
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    Location:
    Canada
    Resorts Owned:
    Mayan Palace Regency
    So 30 year RTU . Cost not to use a year = $ 420 ( $ 100 + $ 320 / 30 yrs x $ 320 = $ 9600)

    I’m guessing (from reading TUG & ebay listings) that 15,200 points gets one week in. a 2 bedroom in high / snowbird season -
    (and more if you get a smaller unit / garden view / other seasons )- for a MF around $ 1000 .
    If you can fill in the detail , please do . / When does the RTU expire on your current contract ?

    Thanks for the update / I am sure existing PV owners will appreciate the info .
     
    Last edited: Nov 5, 2018
  3. terrisandrew

    terrisandrew TUG Member

    Joined:
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    Location:
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    So to clarify what was offered:
    $9600 in cash today bought me 15200 points till 2048.
    MF currently $1088 per year.
    If I did not want to use my annual points in the future the MF would be $100 (service fee) for that year.
    My current RTU is good through 2033.

    Some examples of what you could get:
    2 weeks in a one bedroom (marina view) in the high season (not including Christmas, New Year and Easter).
    1 week in a two bedroom (ocean view) in the high season including the holiday weeks.
    1 week in a three bedroom (ocean view) in the high season (not including Christmas, New Year and Easter) or a marina view during the holiday weeks.
     
    T-Dot-Traveller likes this.

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