Best ways to end your HGVC ownerhip

[alwysonvac]

Cooperation and sharing of information goes both ways.

Share your TS portfolio- starting with HGVC

Let’s share your HGVC and other TS portfolio(RCI, Wyndham etc). For each holding it will be nice if you can share Points, annual, bienial, MF approx, TS location, Buying price. Just a short summary to tie it all together. Say your best holding and why. Any big regrets and why. Purpose is just...

tugbbs.com

Honestly, timesharing isn’t for everyone. It does require some time and effort. If you don’t want or care to spend the time researching then you might be better off renting or using a travel agent instead of owning a timeshare.

 

[Tamaradarann]

There is no loan on my HGVC. I did make mistake of buying at developer price and nt looking to recover my cost. All I am looking is for similar MF, maximize my points. So regardless of buying price, have contracts with good points for low MF. I am not defensive and am open to discuss the concept with any respectful participant who keeps the discussion friendly. I have no way to search what other threads have some nuggets of same discussion. Moderator can control that better

Ok lets try this:
- Since you have no loan on your timeshare the price you paid is really insignificant. That money is already spent.
- As far as selling the undisclosed property you own you probably will get very little if anything for it at this time since the pandemic has made selling properties very difficult. So the only benefit to you is that you will be able to stop paying the MF each year.
- Since you didn't mention the property you own you probably don't care which property you buy or where it is located you just want the maximum points for a similar MF. You want a similar MF. Similar MF to what MF that you are you paying? That is essential information to make suggestions on what you should buy.

Since selling is more difficult than buying you probably sell what you own first then you can buy another timeshare from a resale company

 

[CPNY]

So you have no loan? You want to buy a resale unit with similar points and similar MF? You want to stop paying MF on the existing points to “walk away”?

If you can cut your MF in half for the same amount of points, then do it. Although I’d look for a buyer for your existing HGVC points, I wouldn’t just stop paying fees.

My first purchase was a Harborside resort at Atlantis developer purchase (younger and just as dumb). It took me years to find TUG and learn. I since gave my harborside unit away, and I purchased 3 more resale contracts at another resort in the same system. My points tripled and I only added $600 additional in MF each year. If you’re looking to do something like that, then yes it’s possible if HGVC has lower MF resorts than what you own currently.

 

[prajora]

All

So you have no loan? You want to buy a resale unit with similar points and similar MF? You want to stop paying MF on the existing points to “walk away”?

If you can cut your MF in half for the same amount of points, then do it. Although I’d look for a buyer for your existing HGVC points, I wouldn’t just stop paying fees.

My first purchase was a Harborside resort at Atlantis developer purchase (younger and just as dumb). It took me years to find TUG and learn. I since gave my harborside unit away, and I purchased 3 more resale contracts at another resort in the same system. My points tripled and I only added $600 additional in MF each year. If you’re looking to do something like that, then yes it’s possible if HGVC has lower MF resorts than what you own currently.
[/QUOTE

i like above resoectful exchange of information from well meaning people. I am not a privacy freak. Currently I own HGVC Elara, with 7K every other year point, MF 600 every yr. Buying cost is ofcourse high as from developer. I know it is money lost.In process i learnt valuable lesson. Do like occasional vacation but not prolific user. Will likely aquire another HGVC in resale. Annual 5K points. MF 1200 in Flamingo, LV.
My thought process is say acquire another 5K point property, MF 1200 and get rid of 7K point, MF 600. So by having 2MF of 1200 each will have 10K each yr, which is plenty for me. In other words, bury the past mistake and enjoy benefits going forward. I know my thinking is right. I do understand, sell first then aquire new one. I do have balance of about 15K points on 7K one. So no hurry to sell that. Not looking for any particular advice just stating the fact.

 

[dayooper]

i like above resoectful exchange of information from well meaning people. I am not a privacy freak. Currently I own HGVC Elara, with 7K every other year point, MF 600 every yr. Buying cost is ofcourse high as from developer. I know it is money lost.In process i learnt valuable lesson. Do like occasional vacation but not prolific user. Will likely aquire another HGVC in resale. Annual 5K points. MF 1200 in Flamingo, LV.
My thought process is say acquire another 5K point property, MF 1200 and get rid of 7K point, MF 600. So by having 2MF of 1200 each will have 10K each yr, which is plenty for me. In other words, bury the past mistake and enjoy benefits going forward. I know my thinking is right. I do understand, sell first then aquire new one. I do have balance of about 15K points on 7K one. So no hurry to sell that. Not looking for any particular advice just stating the fact.

Is there a reason you want to get rid of the Elara deed? If you go by pure MF ratio, you would be losing a little ground instead of gaining. Your MF per point ratio right now is about $0.165. Taking on the 2 Flamingo deeds while selling the Elara, you would have a point ratio of $0.219 ($0.05 more per point). If you were to keep the Elara deed and take on one of the Gold Flamingo deeds, you would get an average of 8500 points a year with an average of $0.197 per point. You also wouldn’t have to sell the Elara and potentially pay multiple fees to acquire 2 new deeds (let alone anything you would pay to purchase the deeds). I know your mind is made up, but it’s just something to think about.

 

[frank808]

For the rec

Sent from my SM-N975U using Tapatalk

 

[Tamaradarann]

i like above resoectful exchange of information from well meaning people. I am not a privacy freak. Currently I own HGVC Elara, with 7K every other year point, MF 600 every yr. Buying cost is ofcourse high as from developer. I know it is money lost.In process i learnt valuable lesson. Do like occasional vacation but not prolific user. Will likely aquire another HGVC in resale. Annual 5K points. MF 1200 in Flamingo, LV.
My thought process is say acquire another 5K point property, MF 1200 and get rid of 7K point, MF 600. So by having 2MF of 1200 each will have 10K each yr, which is plenty for me. In other words, bury the past mistake and enjoy benefits going forward. I know my thinking is right. I do understand, sell first then aquire new one. I do have balance of about 15K points on 7K one. So no hurry to sell that. Not looking for any particular advice just stating the fact.

prajora please clarify: In the first paragraph you say our own a 7K in Elara every other year with a $600 MF every year. Is that all you own?
(The 7K point is probably Platinum)
In the second paragraph you say acquire another 5K point property MF $1200(The 5K point is probably Gold) and get rid of the 7K property you mention in the first paragraph and then you would have 2 MF of $1200 each and 10K points each year. That doesn't add up.

I added the Platinum and Gold designations since if you are concerned about MF dollars Platinum is much more efficient than Gold properties for the points you get.

 

[prajora]

I ap

prajora please clarify: In the first paragraph you say our own a 7K in Elara every other year with a $600 MF every year. Is that all you own?
(The 7K point is probably Platinum)
In the second paragraph you say acquire another 5K point property MF $1200(The 5K point is probably Gold) and get rid of the 7K property you mention in the first paragraph and then you would have 2 MF of $1200 each and 10K points each year. That doesn't add up.

I added the Platinum and Gold designations since if you are concerned about MF dollars Platinum is much more efficient than Gold properties for the points you get.

I appreciate your analysis. As i said I am in no hurry to get rid of my Elara as I have bonus points to use also. The MF/Point ratio is good way to look at it. Is there a way to get say 7K points every year with MF 1200. That will be the holly grail to shoot for. That will bring my MF to point ratio to 0.20
So if I can find a reseller in next couple of years who like to unload their HGVC with 7K every year, MF 1200. Is that kind of deal out there?

 

[dayooper]

I ap

I appreciate your analysis. As i said I am in no hurry to get rid of my Elara as I have bonus points to use also. The MF/Point ratio is good way to look at it. Is there a way to get say 7K points every year with MF 1200. That will be the holly grail to shoot for. That will bring my MF to point ratio to 0.20
So if I can find a reseller in next couple of years who like to unload their HGVC with 7K every year, MF 1200. Is that kind of deal out there?

You can get 7k for $900 a year or lower (plus club dues). Take a look at The MF sticky and see all of the user reported MF’s. Our illustrious moderator, @GT75 creates a great spreadsheet every year of the best MF’s in the system and that’s linked there as well.

BTW - $0.20 a point is not close to the holy grail. You really want $0.15 per point or lower. My Platinum 2 bedroom Flamingo deed (7000 points) has $0.155 per point and I think that’s a little high. Your Elara (with MF’s you are reporting) is currently ~$0.167.

 

[GT75]

@prajora, my advice to you is to start using what you have purchase first before you start adding/selling property. I really don't think that you understand the system. You currently have bonus points that need to be used. I wouldn't advise selling your first purchase. The MFs are actually not bad. As @dayooper has stated, we have information in our MF Sticky to show you which units have the best MFs/points ratio. The property that you are thinking about adding has a worse MF/point ratio than your first. I don't know why you are trying to purchase that property.

 

[presley]

If you still have bonus points, you've purchased recently. I wouldn't be in a hurry to throw out what you have. You are able to trade in that contract to HGVC and use the money paid towards a new contract. It's an expensive way to do things, but it is an option if you have your mind set on something particular that want.

You can list what you own with a broker and purchase a resale from a broker that specializes in HGVC.

When you do your projections of owning for 10 years, is it even worth going through any of this? If you've already paid out a lot, it may end up costing you the same or less to just keep what you have an add a resale contract. At any rate, if you still have bonus points to use, it's such a new purchase that no matter how salty you feel about it, it's worth trying it out for a few years or a few bookings.

 

[CalGalTraveler]

@prajora have you applied my suggestions, including comparing to the MF sticky in post #11 here:

Best ways to end your HGVC ownerhip

Let’s say you had HGVC ownership for few years. Enjoyed it and created good memories from vacations. Now it is time to end a contract or want to upgrade/ downgrade your points. What choices you have? 1. Sell your ownership in say TUG marketplace. Be ready to get pennies on the dollar. Don’t even...

tugbbs.com

Run the numbers and you will have your answers. Vegas resorts Blvd, Paradise and Elara all have 7k units annual for about $1000 MF. You will pay a few thousand more to purchase than a 5k gold unit but may pay off in MF in the long run. Run the numbers. If you walk from HGVC MF they are under no obligation to accept your new purchase into the club for trading and may refuse to do business with you per terms of service. Better to give away an Elara EOY if you don't want it or keep. Check Ebay past sales for pricing.

 

[Tamaradarann]

If you still have bonus points, you've purchased recently. I wouldn't be in a hurry to throw out what you have. You are able to trade in that contract to HGVC and use the money paid towards a new contract. It's an expensive way to do things, but it is an option if you have your mind set on something particular that want.

You can list what you own with a broker and purchase a resale from a broker that specializes in HGVC.

When you do your projections of owning for 10 years, is it even worth going through any of this? If you've already paid out a lot, it may end up costing you the same or less to just keep what you have an add a resale contract. At any rate, if you still have bonus points to use, it's such a new purchase that no matter how salty you feel about it, it's worth trying it out for a few years or a few bookings.

I agree with the advise that both Presley and GT75 have given you on using up your bonus points, which probalby wil expire soon, and the points you have with your Elara Purchase. I would keep the Elara unit you own since the MF there is not that bad. If you find you need more points figure out how many more you need and buy a point package resale for whatever than need may be.

 

[prajora]

I

If you still have bonus points, you've purchased recently. I wouldn't be in a hurry to throw out what you have. You are able to trade in that contract to HGVC and use the money paid towards a new contract. It's an expensive way to do things, but it is an option if you have your mind set on something particular that want.

You can list what you own with a broker and purchase a resale from a broker that specializes in HGVC.

When you do your projections of owning for 10 years, is it even worth going through any of this? If you've already paid out a lot, it may end up costing you the same or less to just keep what you have an add a resale contract. At any rate, if you still have bonus points to use, it's such a new purchase that no matter how salty you feel about it, it's worth trying it out for a few years or a few bookings.

I value each of the last 3 opinions. You are right. I shld first use the points I have before thinking of anything else. As i have indicated, i am not in hurry or even that serious to get rid of my Elara. After i realized the mistake i made in buying at developer price, i want to average down using Flamingo 5K per yr points. Since i am getting Flamingo at much low price upfront price, I can get 8500 points per year for MF of about 1800.
In reality I may not be able to use 8500 pnts consistently. So those p

I agree with the advise that both Presley and GT75 have given you on using up your bonus points, which probalby wil expire soon, and the points you have with your Elara Purchase. I would keep the Elara unit you own since the MF there is not that bad. If you find you need more points figure out how many more you need and buy a point package resale for whatever than need may be.

Good advice. I agree.
No need to sell Elara. Use bonus points first and if needed sometimes, buy points. That way you don’t have MF.
What is point buying rate? I have seen from 0.10 to 0.25 per point. So 5000 points can be bought for $500 to approx $1500. Correct?
How easy is it to buy points? Not seen many adds selling points. I may be wrong.

 

[RX8]

What is point buying rate? I have seen from 0.10 to 0.25 per point. So 5000 points can be bought for $500 to approx $1500. Correct?
How easy is it to buy points? Not seen many adds selling points. I may be wrong.

You cannot buy just points. You will be buying a deed that correlates to a specific number of HGVC points. Every time you buy a new deed you will have the purchase price and some hefty HGVC activation fees to be paid so you don't want to be making multiple changes.

As others have suggested your best bet is to learn to use what you have and to learn everything there is about the system. The more knowledge you have the more you will get out of your ownership. In my opinion it is way too early to be talking about portfolio changes when you really haven't even used what you own. Heck, you may find after a year or so that HGVC isn't even really the best system for you and your family.

 

[GTLINZ]

If you have an Elara 7k EOY that is not a bad thing to own. Being platinum, you have the most points for the MF for a 2br at that property. Even resale has a lot of fees when purchasing that are part of the closing costs so it may not pay to be getting rid of what you have if you do want to stay an owner. Your initial mistake of paying developer price is shared by many in this forum - you should be thankful you bought something worth owning (you have a hard time giving away silver and often gold units).

First of all, you can borrow points with no fee so owning an EOY is not so bad. If you buy another unit, you already are paying the club fee every year and adding another ownership later does NOT add another club fee.

I would suggest as others have to get used to using what you have. If you need more points you can pursue that at a later date. And if later you still think you need 5000 points more a year i would strongly suggest a resale plat 1br for 4800 points vs a gold 2br for 5000 points and a higher MF.

 

[brp]

I

I value each of the last 3 opinions. You are right. I shld first use the points I have before thinking of anything else. As i have indicated, i am not in hurry or even that serious to get rid of my Elara. After i realized the mistake i made in buying at developer price, i want to average down using Flamingo 5K per yr points. Since i am getting Flamingo at much low price upfront price, I can get 8500 points per year for MF of about 1800.
In reality I may not be able to use 8500 pnts consistently. So those p

We owned two Flamingo 5K (Gold) contracts. I found that the MF ratio on that was too high (what you list is about $0.21/point), so I sold those and have moved to Boulevard, one Platinum, one Gold. The Flamingo is, IMO, too high. Again, much depends upon how long you think you'll keep these. Low buy-in can be a good deal (even with higher MF0 for shorter ownership. Over time, though, the higher MF will overtake the lower buy-in. So, expected timeframe is critical.

As for 8500 points, you'd be surprised at how you can use them We have about 15K points (between regular HGVC and by Hilton club contracts) and that is a bit challenging at present

Cheers.

 

[prajora]

We owned two Flamingo 5K (Gold) contracts. I found that the MF ratio on that was too high (what you list is about $0.21/point), so I sold those and have moved to Boulevard, one Platinum, one Gold. The Flamingo is, IMO, too high. Again, much depends upon how long you think you'll keep these. Low buy-in can be a good deal (even with higher MF0 for shorter ownership. Over time, though, the higher MF will overtake the lower buy-in. So, expected timeframe is critical.

As for 8500 points, you'd be surprised at how you can use them We have about 15K points (between regular HGVC and by Hilton club contracts) and that is a bit challenging at present

Cheers.

If you have an Elara 7k EOY that is not a bad thing to own. Being platinum, you have the most points for the MF for a 2br at that property. Even resale has a lot of fees when purchasing that are part of the closing costs so it may not pay to be getting rid of what you have if you do want to stay an owner. Your initial mistake of paying developer price is shared by many in this forum - you should be thankful you bought something worth owning (you have a hard time giving away silver and often gold units).

First of all, you can borrow points with no fee so owning an EOY is not so bad. If you buy another unit, you already are paying the club fee every year and adding another ownership later does NOT add another club fee.

I would suggest as others have to get used to using what you have. If you need more points you can pursue that at a later date. And if later you still think you need 5000 points more a year i would strongly suggest a resale plat 1br for 4800 points vs a gold 2br for 5000 points and a higher MF.

Excellent points. I understand my Elara ownership better and value it more. So not getting rid of. You are right about using first and then adding if needed. Let’s say I have another contract - Gold 5K per yr, MF 1200, Flamingo gold. That will give me 8500 points year. Or 17000 including borrowing. That is plenty to plan great vacation for next 15-20 yrs. Also may convert some to Hilton Honors or even RCI along the way. Not big fan of Hilton Honors but gives more local coverage.
Regarding buying point, my impression was you can buy points from other owners, without owning a contract. I do see posts selling those between 0.10 to 0.25 per point. Am I wrong in my understanding?

 

[prajora]

I

We owned two Flamingo 5K (Gold) contracts. I found that the MF ratio on that was too high (what you list is about $0.21/point), so I sold those and have moved to Boulevard, one Platinum, one Gold. The Flamingo is, IMO, too high. Again, much depends upon how long you think you'll keep these. Low buy-in can be a good deal (even with higher MF0 for shorter ownership. Over time, though, the higher MF will overtake the lower buy-in. So, expected timeframe is critical.

As for 8500 points, you'd be surprised at how you can use them We have about 15K points (between regular HGVC and by Hilton club contracts) and that is a bit challenging at present

Cheers.

Like your points. In Summary:
Platinum: Slight high buy price, but low MF
Gold: lower buy price but higher MF.
Question is how long it takes to recover high buy price of Platinum?
Would you say if you hold contract for just 5 yrs, Gold is ok. Over that Platinum better.
Or is there certain # if years you think justify Platinum contract?

 

[brp]

I

Like your points. In Summary:
Platinum: Slight high buy price, but low MF
Gold: lower buy price but higher MF.
Question is how long it takes to recover high buy price of Platinum?
Would you say if you hold contract for just 5 yrs, Gold is ok. Over that Platinum better.
Or is there certain # if years you think justify Platinum contract?

At 5 years, you would most likely do better with Gold. Gold units go for a lot less (typically) due to having the same MF (based on room size) for fewer points, so higher ratio. As a rule of thumb, 10-15 years can be a breakeven for a good low-priced Gold.

Also, resort matters. For a given room size, for example, Flamingo has higher MFs than Boulevard or Paradise.

But it really is about running the numbers on the deal options to do the calculation.

Addressing some of your other questions:

Yes, one can buy points from another for a single use. Technically against the rules. but done frequently.
Conversion to HHonors points is never a good deal, unless they will truly expire. But never buy with that as a goal.

Cheers.

 

[letsgobobby]

Just gotta run the numbers bro.

I paid $1400 including closing and transfer costs for my 7000 pt EOY but MF are about $1500. Compared to say $4000 and MF $1000 I paid $2600 less upfront but pay $500 more EOY. So it takes just over 5 use years or 10 calendar years to break even.

 

[prajora]

At 5 years, you would most likely do better with Gold. Gold units go for a lot less (typically) due to having the same MF (based on room size) for fewer points, so higher ratio. As a rule of thumb, 10-15 years can be a breakeven for a good low-priced Gold.

Also, resort matters. For a given room size, for example, Flamingo has higher MFs than Boulevard or Paradise.

But it really is about running the numbers on the deal options to do the calculation.

Addressing some of your other questions:

Yes, one can buy points from another for a single use. Technically against the rules. but done frequently.
Conversion to HHonors points is never a good deal, unless they will truly expire. But never buy with that as a goal.

Cheers.

Since buying points is so frequent, let us assume that at some point one needs to do it.
What is typical rate to pay for points? I am sure there is nothing fixed. What a Seller and Buyer agree. What range are these points bought at?

 

[Magus]

I think conversion to Hilton honors is usually a less than perfection deal, but can work in some circumstances. HH gets every fifth night free and weekends are usually same cost as weekdays (unlike HGV). It simply provides more flexibility. But it also helps if you are paying the conversion fee over a large number of points

 

[Magus]

I

Like your points. In Summary:
Platinum: Slight high buy price, but low MF
Gold: lower buy price but higher MF.
Question is how long it takes to recover high buy price of Platinum?
Would you say if you hold contract for just 5 yrs, Gold is ok. Over that Platinum better.
Or is there certain # if years you think justify Platinum contract?

If your plan is less than 5 years of ownership, I wouldn’t buy a timeshare. The acquisition and disposition fees, plus hassle, would generally make it not worth it. That’s one of the reasons I like the HGV system is it’s flexibility and it’s value is still there even if your vacation habits change. Precovid I think gold vs plat deserves a close look but at the moment, just hold out for right plat deal

 

[Miss Marty]

Elara by Hilton Grand Vacations 52 Stories
With outstanding views of the famous Las Vegas Strip

As a HGV owner do you have to pay a resort fee
or pay to park your vehicle when staying at Elara

Photo Gallery..

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