what is included in the $/point breakdown?

[Jenie13]

Hi Guys!
I'm debating purchasing a timeshare on ebay for the HGVC. I've been researching this forums for days (great info!!) but can't seem to find the answer to this question. When people state the 7000 point timeshares go for ~$1/point does that mean for everything including the closing costs or just the purchase with an extra $2-4k in closing and current year's maintenance?

Also has anyone experienced ROFR being used lately?
thanks for your insight!
Jen =)

 

[foundyoubyaccident]

When you look on ebay, it will tell you transfer and closing costs, points, maintenance fees, and club dues. I copied and pasted an example. The winning bid and the additional fees are for these.

 

[Jenie13]

Thank you! That is actually one of the ones I was looking at. So for a timeshare like that would it go for somewhere close to $5000 purchase price (with a total amount closer to $8000 with all the fees and due maintenance) equaling the $1/point average or $8000 (totally closer to $11,000 with the fees + maintenance) to equal the $1/point average? I'm trying to gauge what a 'fair' market value is these days for the 7000-9600 point value excluding fees. thanks! =)

 

[foundyoubyaccident]

Those maintenance fees are yearly. what we did was set the price we were willing to pay ( we went over it by 65 bucks opps), then looked at all that was available, some pay the transfer fees, some don't. Watch a few, and wait until near the end to place your bid. I personally noticed, it would go for lots more if I bid early. And sometimes, I thought they had people in there upping the bid, so I would quit and watch. Some asked me if i was still interested after it closed, for my top bid. If you so end up buy more than 1, try and use the same seller, in hopes to get a deal on the closing fees. (you'll have contact the seller to) One last piece of advise. As for an estoppel letter to make sure everything is current and there are no liens or mortgage still owed.

 

[presley]

When people say $1/point for a platinum week, they are not including the closing costs. So, a 7,000 point platinum week could sell for $7,000 and have all the closing costs on top of that.

ROFR does get exercised. You can actually get specifics from a broker if you go through one of them. Ebay sellers probably won't be able to help you with that info. It ultimately won't matter, though. If the auction closes at $5,000 for 7,000 points and HGVC decides to take it back via ROFR, you get all of your money back. There's always the chance that they won't take it back, too. It's a gamble.

EDIT TO ADD: People have different strategies for bidding on Ebay. I set it and forget it. I'll bid the maximum I am willing to pay and wait it out to see if I got it or not. Often, I will be outbid by a small amount, but since it was more than the maximum I was willing to pay, I just move on to the next listing.

 

[JDHPE]

Regarding the HGVC Estoppel letter, is there a concensus if it negates the need for Title Insurance?
Thank you