Advice on upgrading from Silver to Gold

[Vacation_More]

My wife and I have been owners for 10 months now. We started with an 18,000 every other year purchase. And at 7 months purchased another 11k annual... bringing us to 20k a year, one week prior to the premier levels changing. We are now looking at moving to Gold.

Does anyone feel it's worth it now, with things like the free week rules changing, unknown point structure changes with Hilton ownership in the picture for the future?

It's not all about the next level perks that we are looking at, it's the additional points that equals more vacation time that we are looking at too...is the next level of premier points worth the cost, or do we just add a smaller number of points for now?

 

[Vacation_More]

This was supposed to post in the Bluegreen forum...not seeing how to move or delete [ Moved to Bluegreen forum.]

 

[dioxide45]

This was supposed to post in the Bluegreen forum...not seeing how to move or delete

Use the report link in the bottom left.

 

[Pat1mn]

My wife and I have been owners for 10 months now. We started with an 18,000 every other year purchase. And at 7 months purchased another 11k annual... bringing us to 20k a year, one week prior to the premier levels changing. We are now looking at moving to Gold.

Does anyone feel it's worth it now, with things like the free week rules changing, unknown point structure changes with Hilton ownership in the picture for the future?

It's not all about the next level perks that we are looking at, it's the additional points that equals more vacation time that we are looking at too...is the next level of premier points worth the cost, or do we just add a smaller number of points for now?

If all you are looking for is points and not the perks, then save yourself some money and buy secondary market! Expect to have Bluegreen exercise Right of First Refusal. To avoid this from happening offer over the asking price. Example if you want 20,000 more points, and someone is asking for $1000 for it($0.05/point). You most likely will not get it for that, Bluegreen will take it. If it’s a location that you want then be a little more aggressive and offer $0.75/point of $15,000. You have a better chance. Right now Bluegreen has been aggressively buying back contracts with them being so cheap! They buy for $1000, and try to sell for $50,000. Great profits for them.

Rule of thumb, the smaller contracts at desirable locations are going for higher rates than larger points contracts. Expect to offer or pay $7000 for a 7000 ($1/pt) point contracts in Aruba vs $30,000 for a 50,000 ($0.60/point) point contract somewhere else. Currently nothing is going thru at less than $0.60/point.

 

[GrayFal]

If all you are looking for is points and not the perks, then save yourself some money and buy secondary market! Expect to have Bluegreen exercise Right of First Refusal. To avoid this from happening offer over the asking price. Example if you want 20,000 more points, and someone is asking for $1000 for it($0.05/point). You most likely will not get it for that, Bluegreen will take it. If it’s a location that you want then be a little more aggressive and offer $0.75/point of $15,000. You have a better chance. Right now Bluegreen has been aggressively buying back contracts with them being so cheap! They buy for $1000, and try to sell for $50,000. Great profits for them.

Rule of thumb, the smaller contracts at desirable locations are going for higher rates than larger points contracts. Expect to offer or pay $7000 for a 7000 ($1/pt) point contracts in Aruba vs $30,000 for a 50,000 ($0.60/point) point contract somewhere else. Currently nothing is going thru at less than $0.60/point.

Agree about the resale market, you have to be aggressive to get anything. BG just took 6K Aruba (La Cabana) for $1.01 from me, but passed on 25K Aruba at $0.81 - that was one happy buyer.

 

[Vacation_More]

Agree about the resale market, you have to be aggressive to get anything. BG just took 6K Aruba for $1.01, but passed on 25K Aruba at $0.81 - that was one happy buyer.

Pardon my lack of understanding...what does Aruba stand for? I have been looking at Pinnacle Vacations and I haven't seen anything that low priced especially with charter points attached.

 

[Jeddy]

Aruba is an island in the Caribbean.

There are sellers of Bluegreen point packages in the TUG Marketplace, and on eBay. Look for the number of points and annual/biennial, and consider the annual maintenance fees.

As GreyFal and Pat1mn have noted, BG has a 'right of first refusal' for any transaction involving VOI (vacation ownership interests) and so the pricing is sometimes dicey. But that is the most economical way to add points. Nowever, points accumulated by "3rd party sales" do NOT count towards your metal level of club membership.

To move your membership level from Silver to Gold, you need to purchase "Charter" points, which (I believe) are only available through Pinnacle Vacations (the authorized reseller of BG VOI).

Take your time, do the math, and think a few years into the future in making your decision.

 

[GrayFal]

Pardon my lack of understanding...what does Aruba stand for? I have been looking at Pinnacle Vacations and I haven't seen anything that low priced especially with charter points attached.

Aruba is “La Cabana Beach Resort”

and on Pinnacle, points with charter benefits will start at $3.50/4.00 per point.
Same pricing as Bluegreen Sales direct.

If your goal is to add points, buy resale.

Check the Facebook groups for resale deeds, remember if you want to get a contract you need to aggressively pay $0.80 and up. Still well below BG retail pricing.

“Bluegreen Resort Owners Transferring(Selling) Ownership“
and
“Bluegreen Points for sale /deeds for sale!”

 

[Vacation_More]

Ok I looked at points for sale on this site (Tug) and eBay...seems to good to be true that I can purchase 15,000 annual points for $200. What am I missing when it comes to final purchase pri?

 

[GrayFal]

Ok I looked at points for sale on this site (Tug) and eBay...seems to good to be true that I can purchase 15,000 annual points for $200. What am I missing when it comes to final purchase pri?

Bluegreen will exercise their right of first refusal and take the ownership for $200.

In order for Bluegreen to pass on ROFR and the contract go to the buyer, you have to pay $0.80-$1.00 plus per point

People that are listing for $200 just want out, will pay the $500 transfer fee and have BG take it back.

You do not have a chance of getting points at that price.

BRB, will explain ROFR to you.

"A right of first refusal (ROFR) is a contractual agreement that gives one party the option to be the first to buy something before another party. The holder of the ROFR can either match an offer made by a third party or decline to match it. If the holder declines to match the offer, the seller can then sell the item to the third party or someone else."

See post #5 with my recent experience.

 

[GrayFal]

Ok I looked at points for sale on this site (Tug) and eBay...seems to good to be true that I can purchase 15,000 annual points for $200. What am I missing when it comes to final purchase pri?

As an aside, 18 months ago you COULD get 15,000 points for $200 or even $1.

Since Hilton became involved and finally purchased BG, everything has changed.