Anyone attempt to trade this way?

[Kaneo'pohaku]

Is it a thing to "buy" or acquire a bunch of free ts and then use them to upgrade into a retail deed?

Like getting 3 or 4 free, high mf Florida deeds and trading them in for a low mf Vegas deed and spending like $5k-$10k out of pocket(which you would have spent anyways on a couple good resales, to "legitimize" your ownership?

If I read correctly, they will credit your trade in with the original cost, so taking 4 or 5 low point high mf free deeds giving yourself roughly $70k+ or so worth of "credit" for a decent point and mf ts?

Is this a thing? A way to game the system or do they limit the amount you can trade in at your owner update?

I only have a Vegas resale and can't see myself spending tens of thousands of dollars to get into max, but I'm actually seeing the value in max with a few of the resorts and where they're located in relation to family members I have on the east coast and in certain western states

 

[GT75]

Is it a thing to "buy" or acquire a bunch of free ts and then use them to upgrade into a retail deed?

I don't think that I know anyone who planned that strategy, especially with 3 or 4. One problem is that we don't know the rules.

 

[DRIless]

I don't think that I know anyone who planned that strategy, especially with 3 or 4. One problem is that we don't know the rules.

Another problem is, the rules are always changing to the detriment of getting ANY upgrade value out of any resale deeds. This applies to HGV and all other brands.

 

[ljmiii]

Is it a thing to "buy" or acquire a bunch of free ts and then use them to upgrade into a retail deed?...

Like getting 3 or 4 free, high mf Florida deeds and trading them in for a low mf Vegas deed and spending like $5k-$10k out of pocket(which you would have spent anyways on a couple good resales, to "legitimize" your ownership?

I don't know of anyone who tried to 'legitimize' that many.

Nor do I know of anyone who had only resale HGVC deeds successfully get into Max with a spend less than $14K. And I know of one person who had only resale deeds being refused Max without a spend of $25K. Those who get into Max for less were all upgrades of direct purchases...I've read a couple of $10K upgrades and one $7K.

Which may speak to my lack of knowledge more than reality. As @DRIless wrote, it's not as if these rules are published and adhered to. In fact, the only rule that was published - that Max would be available to HGVC owners for $7K without additional purchase - has not yet been implemented.

 

[HuskerATL]

I know a person who has done it. Went into Max as Centum but he didn't buy a bunch to do that, he just had a bunch and they offered that.

 

[GT75]

Another problem is that some retail deeds will only allow certain deeds to be upgraded.

 

[GT75]

I know a person who has done it. Went into Max as Centum but he didn't buy a bunch to do that, he just had a bunch and they offered that.

Did that person upgrade all of them? Or did HGVC just allow Centum w/o upgrade most of them?

 

[HuskerATL]

Did that person upgrade all of them? Or did HGVC just allow Centum w/o upgrade most of them?

Just looked back at our discussion, he traded in 5 deeds that had a retail value of $125,600 but he paid about $4k total for them but it sounds like he may have traded them in for multiple retail deeds.

 

[Passepartout]

So what do you do if the 'trade-in' is one of those who just list your TS, and when it doesn't sell, you just get it back, so then you have the 'old' high MF interval as well as the new one you traded into? I can see a scenario where one might end up with a large, expensive portfolio of timeshare weeks they couldn't use or sell or rent.

Jim

 

[HuskerATL]

So what do you do if the 'trade-in' is one of those who just list your TS, and when it doesn't sell, you just get it back, so then you have the 'old' high MF interval as well as the new one you traded into? I can see a scenario where one might end up with a large, expensive portfolio of timeshare weeks they couldn't use or sell or rent.

Jim

I am not sure that I completely understand this but for trade-in, it would be with HGV so it would be gone and HGV would credit you the amount of the original sale price, not what you paid on the resale market toward a retail deed and you would pay the difference of the new deed. The old one would go to HGV. If I understand what you are asking.

 

[WaikikiFirst]

getting 3 or 4 free, high mf Florida deeds and trading them in for a low mf Vegas deed

generically, maybe it makes sense, but do you think salesppl might have a list of toxic deeds that they dont want back.
They create toxic deeds all the time for suckers, um, buyers. Getting stuck with toxic deeds if it doesn't work sounds like a big risk.
I'd get a few actual sightings in the real world before going out on that hunt

 

[jp10558]

Is it a thing to "buy" or acquire a bunch of free ts and then use them to upgrade into a retail deed?

Like getting 3 or 4 free, high mf Florida deeds and trading them in for a low mf Vegas deed and spending like $5k-$10k out of pocket(which you would have spent anyways on a couple good resales, to "legitimize" your ownership?

If I read correctly, they will credit your trade in with the original cost, so taking 4 or 5 low point high mf free deeds giving yourself roughly $70k+ or so worth of "credit" for a decent point and mf ts?

Is this a thing? A way to game the system or do they limit the amount you can trade in at your owner update?

I only have a Vegas resale and can't see myself spending tens of thousands of dollars to get into max, but I'm actually seeing the value in max with a few of the resorts and where they're located in relation to family members I have on the east coast and in certain western states

I think if you were going to spend a lot of money I'd suggest
1) Consider watching for DEX or buying craig resale to get DEX - people are saying a lot of those MAX properties are showing up in DEX further out with more availability.
2) Buy US collection Diamond resale for that access. You'll have a deed that's hard to get rid of, and limited to the US, but that covers east and west coast if I understand Diamond correctly, and you'll get much earlier booking dates so way more likely IMHO to actually have availability.

Don't forget about RCI either to get some of the Diamond properties either. You can buy a whole lot of $300 exchanges for the ~$25k people have been spending for Max.

 

[dayooper]

If I remember correctly, we had a member a few years ago that purchased at The Quinn or Central on 5th that way. They couldn’t purchase resale as they were just starting selling those deeds. They still had to pay a good chunk of change, but it was considerably less than buying it outright.

 

[Kaneo'pohaku]

Another problem is that some retail deeds will only allow certain deeds to be upgraded.

I would like to get or compile a list of deeds that certain other deeds would use for an upgrade.

I'm sure if it picks up steam that they would realize what's going on and put an end to it swiftly

 

[Kaneo'pohaku]

So what do you do if the 'trade-in' is one of those who just list your TS, and when it doesn't sell, you just get it back, so then you have the 'old' high MF interval as well as the new one you traded into? I can see a scenario where one might end up with a large, expensive portfolio of timeshare weeks they couldn't use or sell or rent.

Jim

Is that something that they do when you trade in a deed during an upgrade?

I wasn't aware of that, that would change everything for sure

 

[Kaneo'pohaku]

generically, maybe it makes sense, but do you think salesppl might have a list of toxic deeds that they dont want back.
They create toxic deeds all the time for suckers, um, buyers. Getting stuck with toxic deeds if it doesn't work sounds like a big risk.
I'd get a few actual sightings in the real world before going out on that hunt

This is one of my concerns too

I'll ask around I have a friend who was a weasel at one point about a decade ago. Maybe he still knows some guys in the business and can ask about it

 

[HuskerATL]

i am not sure there is a static list of deeds. I think that list changes based on need, unsold inventory, need of the sale's person to meet quota, etc. It is like ROFR...there are some places that you can expect to fail ROFR but others are hit or miss...mostly miss since they rarely do it but they do sometimes and it is probably based on need/inventory

I know many times the sale's person will reach out to higher ups in Orlando to get approval to do deals...so there is some magic process that if they want to push it through, it can be done. I would say, by default, they all can probably be traded in except RTUs and some affiliates but also some have trade in restrictions such as SC only for SC.

 

[Passepartout]

Is that something that they do when you trade in a deed during an upgrade?

I wasn't aware of that, that would change everything for sure

I cannot say specifically that THIS trade-in scheme is one that could fail and go back to the original owner, but there are some that do. Perhaps trading-in an HGV for a 'better' HGV may be safe, but We have seen many who have 'traded-in' whatever they owned for a deluxe new one, and when their old one doesn't sell, they just get it back, complete with it's now late MF fee bills.

 

[dayooper]

I cannot say specifically that THIS trade-in scheme is one that could fail and go back to the original owner, but there are some that do. Perhaps trading-in an HGV for a 'better' HGV may be safe, but We have seen many who have 'traded-in' whatever they owned for a deluxe new one, and when their old one doesn't sell, they just get it back, complete with it's now late MF fee bills.

I know things can change, but when you trade in an HGVC deed, you sign it over and no longer have any responsibilities for the MF’s. HGVC takes ownership and are free to sell it as a retail deed. You pay a bunch of money on top of the trade ($25,000), but you get the original sales price of the deed.

 

[WaikikiFirst]

HGVC takes ownership

Yes, I haven't done it, but the concern sounds like something people learned (the hard way) in Mexico.
Nothing I ever saw or experienced with HGVC would give me such a concern. Now if Redweek were involved, get the sheriff to notarize the deal first

 

[CalGalTraveler]

There are owners on MVC and Vistana that buy resale deeds to requalify them for points access. HGVC already comes with the points so the only upgrade is MAX/Elite. Worth it?

 

[alwysonvac]

...I only have a Vegas resale and can't see myself spending tens of thousands of dollars to get into max, but I'm actually seeing the value in max with a few of the resorts and where they're located in relation to family members I have on the east coast and in certain western states

Legitimize? That sounds like sales talk.

Before you go chasing after HGVMax based on what you may have heard during a sales presentation, take a close look at the resorts you're wanting to stay at. Make your own determination if the resorts meets your minimum standards. Read the resorts reviews on TUG and TripAdvisor and take a closer look at the photos. If you can, visit a few of the locations.

 

[Kaneo'pohaku]

Legitimize? That sounds like sales talk.

Before you go chasing after HGVMax based on what you may have heard during a sales presentation, take a close look at the resorts you're wanting to stay at. Make your own determination if the resorts meets your minimum standards. Read the resorts reviews on TUG and TripAdvisor and take a closer look at the photos. If you can, visit a few of the locations.

My want for max isn't based on any presentations. It's based on the area quite a few of the resorts are located where I would like to go, and where I have been before.

Over the years as we travel, we normally rent rooms in time share resorts instead of hotels as they have been the cheaper options.

As I got to know this system, and after buying resale, I do see the benefit of max in only some of the locations such as in Utah, Colorado, az, and the Carolinas. I posted a thread a few weeks back about the app giving me access to the max resorts. I was unable to book with them but when I restart the app they're all gone. When they pop up randomly, I see resorts and places I want to stay that I don't have access to in the normal hgvc system.

I am trying to find a way to get max at the cheapest possible access point without really spending lots in retail. For $7k I can do it and can see the worth, but I refuse to spend tens of thousands of dollars. If I can trade in some free ts that I acquire online to use as a down payment and bring a high point deed into the realm of me spending less than $10k, I'd go for it.

That's what this thread is. Just me playing with money saving ideas and seeing if anyone has even thought of it before

 

[Nowaker]

Is it a thing to "buy" or acquire a bunch of free ts and then use them to upgrade into a retail deed?

No. Every extra deed increases the minimum new cash in needed for a deal. Check out my latest post about my acquisition of my first retail deed via a trade-in.

 

[ljmiii]

My want for max isn't based on any presentations. It's based on the area quite a few of the resorts are located where I would like to go, and where I have been before.

So...why do you want HGVC Max (which only gives you access to the whatever is left at the HVC resorts at 6 months) and not HVC or a mix of both HGVC and HVC deeds?