[ 2020 ] Looking at selling 107,000 points at Gatlinburg HICV

[jupe]

I think the misfortune for most buyers is that the high of returning for vacation clouds you until you make it through the rescission period.

 

[Bmatrose]

i bought in August 2019

yes you own trust points

 

[tschwa2]

I think the misfortune for most buyers is that the high of returning for vacation clouds you until you make it through the rescission period.

absolutely. that is one of the reasons they pressure you to attend early on.

 

[mikcute]

I think deeded points have more value the trust points. At least the deeded points revert to the fixed week. Trust points get burdened with all those new limitations

Do you know what the “new limitations” are when buying trust point in the resale market? I’m looking into getting more points in the next couple of years.
So far i’ve gathered that deeded points will revert back to weeks, unless it’s from Gatlinburg, Myrtle, or Lake Geneva.
i also understand that buying into resale won’t qualify the points into your membership status unless you buy into HICV the same amount of points.
Any other suggestions, tips, and tricks before I purchase more points?

 

[tschwa2]

resale trust points can't be borrowed or saved. You also can't use guest certs on resale trust points- you have to be there to check in, you can't send guests. I don't know how either of these would work if you already have points. Would they know and apply different rules to reservations booked with resale trust points? The final restriction is a shorter booking window. I don't remember if it is 60 days, 90 days or 6 months and you are restricted to only booking trust inventory, not inventory from enrolled deeded HICV members. If you are thinking about getting resale trust points you should read the 300 page offering statement. In any case even if the restriction is 6 months vs 10 months for everyone else, it will restrict your ability to use the points at the popular smaller resorts during prime time.

The club rules lay out these restrictions but no one has reported back with real experiences as to whether the web site has been programed to actually implements those restrictions currently. In any case even if they do not now (because it would apply to so few owners) it is possible that those restrictions would be applied in the future.

 

[Rdub79]

Do you know what the “new limitations” are when buying trust point in the resale market? I’m looking into getting more points in the next couple of years.
So far i’ve gathered that deeded points will revert back to weeks, unless it’s from Gatlinburg, Myrtle, or Lake Geneva.
i also understand that buying into resale won’t qualify the points into your membership status unless you buy into HICV the same amount of points.
Any other suggestions, tips, and tricks before I purchase more points?

You don't always have to buy the same amount of points to get resale points to be included in your club membership. It depends on how hungry they are to get sales. Because of the pandemic they recently had an offer to buy 6,000 points to bring any resale week in. I brought a sunset cove week worth 325,000 points in by doing that. There is no guarantee but if your patience i think you would be able to work a deal to get a resale week in. Just buy one with lots of points and a low maintenance fee to make it worth it. Vegas has some really good maintenance fees.

 

[Rdub79]

You don't always have to buy the same amount of points to get resale points to be included in your club membership. It depends on how hungry they are to get sales. Because of the pandemic they recently had an offer to buy 6,000 points to bring any resale week in. I brought a sunset cove week worth 325,000 points in by doing that. There is no guarantee but if your patience i think you would be able to work a deal to get a resale week in. Just buy one with lots of points and a low maintenance fee to make it worth it. Vegas has some really good maintenance fees.

Actually correction, it was 30,000 points for $6000. Not 6000 points. You could buy 30,000 points to bring one week in, 60,000 points to bring two weeks in, or 90,000 points to bring 3 weeks in.

 

[Gypsy65]

You don't always have to buy the same amount of points to get resale points to be included in your club membership. It depends on how hungry they are to get sales. Because of the pandemic they recently had an offer to buy 6,000 points to bring any resale week in. I brought a sunset cove week worth 325,000 points in by doing that. There is no guarantee but if your patience i think you would be able to work a deal to get a resale week in. Just buy one with lots of points and a low maintenance fee to make it worth it. Vegas has some really good maintenance fees.

They used to do this all the time, allow you to bring in any resale you had if you bought something from them
We owned several resale weeks and bought a couple from HICV and with all we did we ended up with just over a million points for a lot less than what it would’ve cost from the developer

Our sales guy was able ( probably nothing special ) to give us a 30-45 day note that anything we had in the works would be allowed in
We bought week 52 3br on eBay and another one with high point values and week 52 also gives us a free weeks worth of points every few years when there would be a week 53 for no cost