Advice getting rid of HGVC at Tuscany Village

[sparkymarky]

Hi all,

I'm looking to get rid of our timeshare at Tuscany Village , we've never used it. its 3400 points annually and we 3400 banked from last year if that's of any use. What's the easiest/cheapest way to get rid of this or sell it etc. Will Hilton just take it off us?

What would you do??

Cheers

 

[alwysonvac]

Hi all,

I'm looking to get rid of our timeshare at Tuscany Village , we've never used it. its 3400 points annually and we 3400 banked from last year if that's of any use. What's the easiest/cheapest way to get rid of this or sell it etc. Will Hilton just take it off us?

What would you do??

Cheers

It sounds like you own a one bedroom in Gold Season. 3400 points isn't a lot of points. If it's already paid off then probably the easiest/cheapest/quickest way is to contact HGVC Club Member Services to see if Hilton will take it or give it away for free on TUG

But before you make that final move, I would try to get the most use out of your timeshare (if you can still afford to travel). Depending on where you want to go, TUG might be able to help you figure out how to use your timeshare to get there . For example, if Hawaii is on your bucket list then take a trip using your timeshare before giving it away.

Whatever you do, avoid getting scammed. See this thread - http://tugbbs.com/forums/showthread.php?t=44

Good Luck and Welcome to TUG.

 

[presley]

Can you use the points in RCI for an exchange?

If you owe money on it, you won't be able to get rid of it. If you paid for it in full and Hilton won't sell it for you, they will refer you to JudiKoz.com to have her sell it for you. I'm guessing it would sell for around $1,000 USD. Since you paid much more than that, try to find some way to use it by using RCI or looking at the partner perks for cruises, etc. It's a poor use of points, but it's better than letting them expire.

 

[sparkymarky]

Thanks for the all the replies and info. Yes we paid full for it (foolishly) but we don't owe anything on it now.

If we use the points for this year.. will we have to pay the fees for the year?? I'm assuming if we sell or transfer the new owenr would pay the fees for this year? Is this correct? Can we use the points and still transfer/sell it ??

thanks again for all advice!!

 

[Talent312]

Your 2016 MF's are now due and you are in a grace period (60 days from 1/1, IIRC).
If you unload it quickly, you may be able convince the buyer that they should pay.
If you incur late fees and lock-out (after 3/1), a buyer would balk and want you to pay.

HGVC will "buy back," but for less than resale-value (pennies on the dollar).
HGVC does have a ROFR (30 days after notice), so they'd prolly take a $1 sale.

Look at closed auctions on e-Bay or try to sell it in the TUG marketplace.
Or list it with Judi Kozlowski (www.judikoz.com) or Seth Nock (www.sellingtimeshares.net)

 

[Jason245]

Since it is worthless, I would probably list it in the bargain basement and ask for reimbursement of 2016 mf..and closing to be paid by buyer (with one of the inexpensive ones referred to here regularly)

I would bump the post once a week for 2 months. . If no traction by end of march, offer to pay closing and bump for next two months on a weekly basis. If still no traction by june or July throw in mf as part of deal. . If no Traction by September, throw in the 540 activation fee..

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[presley]

If we use the points for this year.. will we have to pay the fees for the year?? I'm assuming if we sell or transfer the new owenr would pay the fees for this year? Is this correct? Can we use the points and still transfer/sell it ??

You have to pay the fees this year whether you use the points or not. If you found a buyer quickly, you may be able to get them to reimburse the fees to you.

You are looking at a big loss, so if possible, try to use the banked points. There's no guarantee you'll get a buyer who will reimburse you for the 2016 fees, so if you want to use those, you should. Contact Ivey at JudiKoz.com you can find a phone number on their website if you'd rather call. Ivey will give you a genuine scenario of what they think they can sell it for. They will take commission at the end of the sale and you won't have to pay them anything directly. Their pay comes out of what the seller pays. Make sure you also check with Hilton to see if they will sell it for you. If they will, they will take commission at the end of the sale, also.

 

[alwysonvac]

If you decide to use your banked HGVC points, see this thread about what happens to existing reservations when your HGVC week is sold - "What happens to HGVC res and RCI res when ts sold (2015) - http://www.tugbbs.com/forums/showthread.php?t=230408

Most buyers are going to want to travel in the year of their purchase. So having 2016 points available to a potential buyer makes your offer more attractive. Pay your Maintenance Fee and require a reimbursement of the fee for the unused points.

For resales in general....
It's easy to buy but harder to sell.
There are more sellers than buyers.
The higher the price the longer it's going to take to sell.
Some timeshares are on the market for weeks, months, years and some never get sold (due to various reasons over priced, over supply, low demand, etc).

NOTE: ROFR impacts the buyer (not the seller). In either scenario, the seller still gets rid of their week.

If I were you and really wanted to sell, my goal would be to get rid of it before fees are due next year. Because each year as HGVC fees increase, the potential market of buyers will decrease (simply because they can't afford it - it becomes too expensive for some).

Keep in mind that the buyer typically pays the selling prices, reimbursement for maintenance fee (if points are still available), closing cost (approx $100 - $500 depending on the company used) and HGVC transfer/enrollment fees which have been steadily increasing (approx $1000).

 

[alwysonvac]

Some previous HGVC offers on the TUG Bargain Deals Forum - http://www.tugbbs.com/forums/forumdisplay.php?f=55 (read the STICKY regarding the Posting Rules)

HGVC Parc Soliel(orlando florida)even year usage 1 bedroom gold week (2015) - http://www.tugbbs.com/forums/showthread.php?t=234362

FREE - 3400 HGVC South Beach, Miami (2015) - http://www.tugbbs.com/forums/showthread.php?t=232308

FREE HGVC Parc Soleil 1BR Gold 3400 Every Other Odd year Hilton Grand Vacation Club (2014) - http://www.tugbbs.com/forums/showthread.php?t=219421

Free Parc Soleil - Florida (2013) - http://www.tugbbs.com/forums/showthread.php?t=203171

 

[whelmed]

So I've been looking to get into the HGVC for a bit as I really like their hotels and locations ... that said I thought that HGVC had a pretty high ROFR for these things which is where I stopped looking.

Right now is not the best time for me to buy (flying to Disney Aulani in a few weeks as I nabbed that 30% off sale, but still spent most of my years travel budget), but was wondering what the general advise is regarding valuing ROFR for these types of properties or how to get around them?

An aside, if this is going for free, that does fit into my travel budget but not sure how that would work with Hilton.

 

[Jason245]

So I've been looking to get into the HGVC for a bit as I really like their hotels and locations ... that said I thought that HGVC had a pretty high ROFR for these things which is where I stopped looking.

Right now is not the best time for me to buy (flying to Disney Aulani in a few weeks as I nabbed that 30% off sale, but still spent most of my years travel budget), but was wondering what the general advise is regarding valuing ROFR for these types of properties or how to get around them?

An aside, if this is going for free, that does fit into my travel budget but not sure how that would work with Hilton.

I have yet to hear a single report if hgvc exercising ROFR in at least 6 months.

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[1Kflyerguy]

I have yet to hear a single report if hgvc exercising ROFR in at least 6 months.

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I agree with Jason, its been quite a while since anything has been reported as ROFR on TUG. If they are still exercising it, they are doing it very selectively. Even then you don't lose any money if they decide to take the unit, you just don't get the unit, and can try again.

So I've been looking to get into the HGVC for a bit as I really like their hotels and locations ... that said I thought that HGVC had a pretty high ROFR for these things which is where I stopped looking.

An aside, if this is going for free, that does fit into my travel budget but not sure how that would work with Hilton.

For any timeshare you need to consider your travel ideas and compare it to the offer. A lot of the free HGVC unit have only a small amount of points. They do get you into the system, but are not very flexible if need to travel during peak season.

 

[presley]

An aside, if this is going for free, that does fit into my travel budget but not sure how that would work with Hilton.

There are many Hilton contracts that you can get for free or next to free. The reason is that Hilton's goal is to sell to everyone, even if they won't be able to take a full vacation with what they buy. They try to upsell to the owners when they stay at their properties. Like those who sell car leases, Hilton's goal is to keep selling and keep paying on their memberships.

Now you know that you can get a membership for next to nothing. The important questions are, what can you do with it? Look at the point charts and figure out where you want to go and when. Maybe you will get something you can use. Maybe you'll need to bank and borrow points to get the room type you really need. Add up the costs of the MFs, HGVC booking fees, etc and see if that is worth it to you for what you will get. You may find it is better to pay a few thousand to get something with lower MFs that offers more points. It depends on what you want to do.