Restructuring my HGVC holdings

[Bao Nguyen]

I bid on that as well. Glad a TUGGER got it!

Hopefully HGVC pass the ROFR.

 

[GTLINZ]

Got an offer from Judi's group for $750 each (because I've bought several from them). Maybe it's worth it to have them to all the work in this case?

Cheers.

I have sold with Judi and the fees and professional closing was worth it to me. But one cost I did not anticipate is that you are likely to get an offer from another broker and that added another $500 in fees in addition to Judi's fees. But the offer was a bit higher so it really washed. I was ready to sell so I went with it.

 

[terces]

I bid on that as well. Glad a TUGGER got it!

Did you pass rofr yet, or was this the successful bid on ebay?

 

[Sapper]

Hopefully HGVC pass the ROFR.

I think it will. They don’t seem to be ROFRing many Elara units... though, this is not an average Elara unit, so maybe.

 

[Bao Nguyen]

I think it will. They don’t seem to be ROFRing many Elara units... though, this is not an average Elara unit, so maybe.

I don’t care much about Vegas , I wanted to add points to expand my HGVC points . Seller tried to add 2020 mf to make it looks like $1 per point .

 

[brp]

I don’t care much about Vegas , I wanted to add points to expand my HGVC points . Seller tried to add 2020 mf to make it looks like $1 per point .

That's one thing I've heard is being/can be done: Add in things like the MFs for the ROFR reporting, and then rebate after-the-fact.

Cheers.

 

[dayooper]

I think it will. They don’t seem to be ROFRing many Elara units... though, this is not an average Elara unit, so maybe.

Yeah, Elara is a huge resort and they need owners paying MF’s there. I think you will be fine.

 

[Smclaugh99]

There is an Ebay listing for 7k 2BR Platinum week at SeaWorld with less than 50min left. Bid has been stationary at $4100.

Sean

 

[brp]

There is an Ebay listing for 7k 2BR Platinum week at SeaWorld with less than 50min left. Bid has been stationary at $4100.

Sean

Thanks. MF ratio is certainly better than what I'm paying now, but still on the higher side, IMO.

What's also interesting is that the same seller has 3 other active listings, and all finish within less than 10 minutes of each other.

Cheers.

 

[Bao Nguyen]

That's one thing I've heard is being/can be done: Add in things like the MFs for the ROFR reporting, and then rebate after-the-fact.

Cheers.[/QUOTE
Seller never mention about rebate me later. HGVC send out MF around January , i don't want cause all the confusion later and get MF bill from HGVC again. I paid with credit card so 3% charged as well

 

[Bao Nguyen]

Yeah, Elara is a huge resort and they need owners paying MF’s there. I think you will be fine.

This resort is tricky. 40% own by Westgate ; HGVC and Blackstone own 60%. I think HGVC own only 20%. If HGVC get bought out, higher risk for me to loose HGVC.

 

[brp]

So there is a 9600 pt. Boulevard that is constructed of two 4800 pt. Platinum 1BR. The claim is that the MF are $1261 for the package, but that seems low?

If this is accurate, it's only about $120 more than the single 9600 pt. Plat 3BR, and maybe $3000 less, so that would take 30 years to recoup...

It also has 0 bids and closes in under and hour.

Cheers.

 

[Bao Nguyen]

There is an Ebay listing for 7k 2BR Platinum week at SeaWorld with less than 50min left. Bid has been stationary at $4100.

Sean

Stay away from this seller. after 3 months, they told me they just submitted to HGVC got ROFR.. I called my credit card company and they refunded my money.
Global Resort Transfer Inc. Google this company, very bad rating.
www.globalresorttransfer.com
8900 SW 107th Ave

 

[Bao Nguyen]

So there is a 9600 pt. Boulevard that is constructed of two 4800 pt. Platinum 1BR. The claim is that the MF are $1261 for the package, but that seems low?

If this is accurate, it's only about $120 more than the single 9600 pt. Plat 3BR, and maybe $3000 less, so that would take 30 years to recoup...

It also has 0 bids and closes in under and hour.

Cheers.

I would not buy two contract , it will not hold the value if anything under 7,000 points, very hard to sell.

 

[brp]

Agreed. What if the plan is to use it for quite a while and sell way down the road? Seems a good price and quite reasonable MF for the point total, even if two contracts?

Cheers.

 

[Bao Nguyen]

Agreed. What if the plan is to use it for quite a while and sell way down the road? Seems a good price and quite reasonable MF for the point total, even if two contracts?

Cheers.[/QUOTE
You have the estoppel from the seller? 5,000 point for Boulevard $878 + $176 club= 1,054
9,600 points for $1261???

 

[brp]

I'll get estoppel prior to payment. The $176 is not included in their calculation, and I already pay HGVC dues, so I'm not worried about this. This is a 4800 1BR platinum x2, not the Gold 5000 point 2BR.

(By the way - I very much appreciate the input of the many here who know quite a bit more than I do about this )

Cheers.

 

[dayooper]

Agreed. What if the plan is to use it for quite a while and sell way down the road? Seems a good price and quite reasonable MF for the point total, even if two contracts?

Cheers.

The fees for the 2 contracts will double. They will run you over $2000 (you would pay the $409 transfer for both, correct?) The MF’s look correct, though. Each 1 bedroom at The Boulevard is $610.

 

[brp]

The fees for the 2 contracts will double. They will run you over $2000 (you would pay the $409 transfer for both, correct?) The MF’s look correct, though. Each 1 bedroom at The Boulevard is $610.

The seller (who got back to me very quickly) indicated that it's one transfer fee (one deed), but two activation fees. Given the price advantage over a single 9600 point 3BR, this still comes out ahead, and MFs only a bit higher. @Bao Nguyen's point about resale, though, are certainly valid down the road.

OTOH, with zero bids, it could well come back at a lower price

Cheers.

 

[Bao Nguyen]

The seller (who got back to me very quickly) indicated that it's one transfer fee (one deed), but two activation fees. Given the price advantage over a single 9600 point 3BR, this still some out ahead, and MFs only a bit higher. @Bao Nguyen's point about resale, though, are certainly valid down the road.

Cheers.

two activation fee? $609 x 2 ouch.

 

[brp]

Yup. But much less than the current price I see for a single 9600 point. Certainly not as good as yours, but still under $1/point, and maybe $2500 more than this one. Of course, this is just today
Cheers.

 

[Bao Nguyen]

Yup. But much less than the current price I see for a single 9600 point. Certainly not as good as yours, but still under $1/point, and maybe $2500 more than this one. Of course, this is just today
Cheers.

since this is not your first HGVC, why are you so rush? I don't think it a good deal, correct me if I'm wrong. You are trying to sell two contracts for two contracts lower MF? but you are paying a lot up front for the two new contracts ? are you buying for points? for me I don't care about about how many bed rooms . I'm using my points in Hawaii.

 

[brp]

These are just points for Hawai'i as well. I want to sell two contracts with higher $/MF ratio for lower ratio and about the same (10K) points. This has the points and a much lower ratio. This seems a low up-front price for 9600 points, but I agree about not rushing. Just seems better deals may be hard to find overall (initial price and MF ratio).

Sounds close to your very good deal, with just some more ($609) in activation fee...

But it is now over with no bid. I'm an impatient New Yorker, and it was hard to restrain, but I did


Cheers.

 

[Bao Nguyen]

These are just points for Hawai'i as well. I want to sell two contracts with higher $/MF ratio for lower ratio and about the same (10K) points. This has the points and a much lower ratio. This seems a low up-front price for 9600 points, but I agree about not rushing. Just seems better deals may be hard to find overall (initial price and MF ratio).

Sounds close to your very good deal, with just some more ($609) in activation fee...


Cheers.[/QUOTE
few months ago, I bought Westin Kaanapali two bed rooms ocean view

so you did not bid? my deal came with 9600 points from 2019. Hopefully my deal close before December 31th.

 

[brp]

I did not. We don't need any 2019 points, so while that would be nice, it doesn't make as much difference to us, even though we could bank.

Cheers.