Bluegreen Points - Trust Fund D, E, etc? what's the difference

[team2win]

I can't seem to find any info on the Bluegreen points. Everywhere I look, there is always a reference to someone else and they will help. I was just wondering what is the difference between the different Trust Fund's can be explained on TUG? Thanks in advance...

 

[ronparise]

Pinnacle travel is the one and only authorized Bluegreen resale brokerage. They are lpcated in Ft Myers...I have visited their offices and met some of their people. They can can give you bluegreen information and education

http://www.pinnaclevacations.com/


There is also a TUG member that knows bluegreen. I would call him the biggest "unauthorized" Bluegreen resale brokerage

http://www.timesharekahuna.com

 

[GrayFal]

Pinnacle travel is the one and only authorized Bluegreen resale brokerage. They are lpcated in Ft Myers...I have visited their offices and met some of their people. They can can give you bluegreen information and education

http://www.pinnaclevacations.com/


There is also a TUG member that knows bluegreen. I would call him the biggest "unauthorized" Bluegreen resale brokerage

http://www.timesharekahuna.com

And this is the Yahoo Group for BG Owners - you will find all your answers here.

http://groups.yahoo.com/group/bluegreen/

 

[GrayFal]

I can't seem to find any info on the Bluegreen points. Everywhere I look, there is always a reference to someone else and they will help. I was just wondering what is the difference between the different Trust Fund's can be explained on TUG? Thanks in advance...

The Short answer is that based on your trust fund - your Maint. Fees will be different.
Certain Trust funds are cheaper if you own fewer points (<12,000) and there are ones better if you own more.
There are also restrictions of combining different trust funds and having to pay more the one 'base fee' if you have different trusts.

Join the Yahoo Group

 

[team2win]

My point, any answer here

Ok, I have checked out all 3 sites and the group is just plain hard to understand and read. Pinnacle and Kahuna, no explanation I can read..

So the question is, why can't someone post an explanation or give examples on TUG.

Thanks for the info..

 

[ronparise]

Ok, I have checked out all 3 sites and the group is just plain hard to understand and read. Pinnacle and Kahuna, no explanation I can read..

So the question is, why can't someone post an explanation or give examples on TUG.

Thanks for the info..

Someone can...perhaps even you...you can do the research and post the summary for the rest of us

 

[Gophesjo]

Great suggestion, Ron

If you are buying any sales contract for Bluegreen points of reasonable size (12,000 points or more) you want to buy points that are sales type Y in Trust Fund E. I personally would suggest you not buy any type of EOY contract, and that you stay away from any points contract that is what is called sales type A in Trust Fund E.

The Bluegreen user group on Yahoo DOES have info regarding the maintenance fees relative to the various trust fund types. You will find it in the appendices/attachments. You have to be willing to look for it, so like Ron says, do the work and then share it with others here if you so choose.

 

[team2win]

TY

Thanks for the starter info Gos and Ron. If I find out the info, I will post here.

Just what Gos is talking about is what I'm looking for. You mention a suggestion on buying into certain trust funds and sale types. I'm not looking for maintenance fee info. I'm trying to find out what is the difference, as apparently there is a difference on which trust fund, sale type you buy into.

As far as the yahoo group, I'm hoping you realize how long it took me to even understand how to read information, let alone figure out what I'm looking for would be under attachments or some other unrelated heading..

If info is this hard to find about points ownership and different ownership options, it may not even be worth looking or purchasing BG points.

 

[JimS]

Easy to understand

The point is simple. Trust Fund E sales type Y has a 320 base fee plus .049? per point. You only pay the 320 once. So if you have 10000 points and add another 10000, you only pay the per point fee. Type Y means mf are due in Nov and your point anniversary may be anytime during year which is meaningless since you have the right to ask BG to put the points accruing 11/1-10/31 into your acct regardless of the anniversary date. Type A means your pay date and anniversary date are the same. You can find out the trust fund and sales type on the estoppel form which you should get before you agree to close the deal.

 

[team2win]

this kind of info is what i'm looking for

The point is simple. Trust Fund E sales type Y has a 320 base fee plus .049? per point. You only pay the 320 once. So if you have 10000 points and add another 10000, you only pay the per point fee. Type Y means mf are due in Nov and your point anniversary may be anytime during year which is meaningless since you have the right to ask BG to put the points accruing 11/1-10/31 into your acct regardless of the anniversary date. Type A means your pay date and anniversary date are the same. You can find out the trust fund and sales type on the estoppel form which you should get before you agree to close the deal.

Thank you Jim for the kind of info I'm looking for. So since Trust Fund E, sales type Y has a $320 base fee plus .049, does this mean a different trust fund has a different base fee and a different fee for adding additional points?
Or even different reservation/rollover rules?

 

[team2win]

Trust Fund 2013 MF Values

I was able to find this info at the yahoo group after searching for 10 minutes. So it appears there are different fees associated with a particular Trust Fund. So now to find out, what happens when you add additional points? Does the point cost go down or stay the same?

This is based on 10,000 points. There was an excel spreadsheet that did the calculation. This also doesn't answer the question as to what the base fee & points are, plus additional point cost. If I could post attachements I would of posted it. So, I've done this to get it: http://www.vacationrentalideas.com/bgfeecalc.xls

Year 2012/2013 / MaintFee / Special Assmnt/ Total / total w/club dues point cost.
Trust Fund B / $843.00 / $0 / $843.00 / $972.00 $0.097
Trust Fund D / $780.00 / $0-/ $780.00 / $909.00 $0.091
Trust Fund E / $813.00 / $0 / $813.00 / $942.00 $0.094

 

[team2win]

Different trust fund types explained

Taken from yahoo groups answers with regards to Trust Funds. I finally figured out where to find answers at yahoo bluegreen group. It's alphabetical under 'Database'

The Trust keeps track of Trust Funds. Resort Title keeps track of "Sales Type". Here is the listing of the Sales Types for each Trust Fund: Trust Fund A -- Sales Type C; Trust Fund B -- Sales Type N; Trust Fund C -- Sales Type B and G; Trust Fund D -- Sales Type P and Q; Trust Fund E -- Sales Type A, U, Y and Z; Trust Fund F -- Sales Type J, K, and L. Sale Type should be listed on the estoppel. A number of resale companies are also listing Sale Type in their ads. (As far as we know, sales are not yet being made into Trust Fund F.)

with this caveat apparently:
From strictly a maintenance fee basis, it depends upon the total number of points that the owner has in that Trust Fund. Developer sales are currently being made in Trust Fund E which currently favors accounts with more than 11,036 points.

For minimizing maintenance fees, the Trust Fund is critical. Sales Type is only important if you are in Trust Fund E. Sales Type A means Anniversary Billing. If you have one contract with Sales Type A and another contract that is not Sales Type A, then you have a mixture of billing times and it can become a big mess. Sometimes even mixing Sales Type A contracts creates problems. Either have only one Trust Fund E contract that is Sales Type A or none, at least unil BG figures out how to handle it

 

[JimS]

Trust fund E

The issue is not I am happy with 10k points. Simply put....if you think you will get to 12000 or more, if you currently have Trust Fund E, Sales Type Y, only add Trust Fund E, Sales Type Y

 

[team2win]

The issue is not I am happy with 10k points. Simply put....if you think you will get to 12000 or more, if you currently have Trust Fund E, Sales Type Y, only add Trust Fund E, Sales Type Y

Thanks. For the chart you can put in whatever value you want to figure out maintenance fees.

So are you saying if you add points, then the suggestion is Trust Fund E and Sales Type Y, if you already have this designation? Can you explain why it matters? I'm suspecting because of the additional point values, but I haven't found any info really on additional point values or base fees yet per Trust Fund to make sure.

Is your example above like this:
Trust Fund E sales type Y has a 320 base fee plus .049? per point. You only pay the 320 once. So if you have 10000 points and add another 10000, you only pay the per point fee.

Base fee is what? $320, then .049 per point? or is there base points associated with a base fee?

 

[JimS]

Simple

The cheapest mf formula for more than 12000 points is E. If you mix trust funds you will pay more.

 

[team2win]

The cheapest mf formula for more than 12000 points is E. If you mix trust funds you will pay more.

Thanks, but what is the exact formula. Are actual numbers anywhere?

 

[JimS]

320 + .0493 per point. 320 is only paid once. Join the Yahoo Group and look at the spreadsheet in the files section.

 

[Myxdvz]

So does this mean if I want 12000 points (from the points chart this should give me 1 week at a 2BR at Red/Ultra-Red season depending on resort, my MF would be $911.60?

Is it worth it to get this EOY if I don't normally stay a full week (just short stays of 3-4 days)?

Or put a little differently, is it worth getting BG points for anything < 12000?

If MF fees are straightforward math, does BG have a concept of a home resort? I was told no - however, if I do an Ebay search, lots of Points with a Home Resort comes up.

Disclaimer: I joined the YG and am waiting for approval... I think Wyndham is more suited for me, but was recommended to not discount BG so I'm taking a 2nd look.

 

[Gophesjo]

Your home resort matters for advance reservation preferences, and for low cost getaways (especially if you are buying resale). As for less than 12k points, it depends again on the trust fund the points you are buying have been issued by (different trust funds have different maintenance fee calculation formulas), and the resort and underlying week those points will get for you (if you are buying the underlying resort and week that you want to regularly use at a maintenance fee cost that you think is fair, who cares about the points allocation?).

The 12k points threshold (for subsequently reducing maintenance fees on points above that number) is really just for points issued out of Trust Frund E.

PS - I would not buy an EOY contract as a stand alone because you would be paying for the membership fee (separate from the maintenance fees) for the years when you would not be receiving a points allocation. Others may not see that as a problem, but it just doesn't sit right with me.

 

[geekette]

Your home resort matters for advance reservation preferences, and for low cost getaways (especially if you are buying resale).

not quite. Home resort just means where the points are deeded and does not have anything to do with 'advance reservation preferences' because that does not exist.

By low cost getaways, I assume poster refers to Bonus Time (cash stays). If one buys resale, the "home resort" is the only resort available to the owner for BT. Other purchases get BT at all resorts.

Whatever unit week your points are attached to is Your Week, which you can claim at 12 months out, or let it ride and use the points. I don't care where my points are deeded because I use the points vs the week(s) and would never return to the same resort/week over and over.

Bluegreen has a 2 night minimum (3 if during holiday) so is built for short stays.

 

[Gophesjo]

If your points are based on a specific underlying unit and week at your home resort, you do have a kind of 'right of first refusal' to reserve that week 12 months out. I know this because I had a points contract based on an underlying July 4th week and unit in Myrtle Beach, and I used the advance reservation preference to reserve that unit and week before anyone else could.

Yes, by the way, I was speaking about Bonus Time when I referred to the low cost getaways possibility at your home resort.

 

[geekette]

If your points are based on a specific underlying unit and week at your home resort, you do have a kind of 'right of first refusal' to reserve that week 12 months out. I know this because I had a points contract based on an underlying July 4th week and unit in Myrtle Beach, and I used the advance reservation preference to reserve that unit and week before anyone else could.

Yes, by the way, I was speaking about Bonus Time when I referred to the low cost getaways possibility at your home resort.

The terminology you used might be confused with Waitlisting, which is only available at Premier levels, and allows an owner to get on the list for gaining a reservation ahead of others. It is definitely an advance reservation preference, but has nothing to do with where your points attach.

What you are talking about is using your week, and you can only stake that guaranteed claim to your unit at your resort for your week.

someone unfamiliar with the various systems might get confused. Just trying to keep things straight.

In which case, I would also not use 'right of first refusal' in the context of making a reservation to occupy your owned unit week.

 

[Gophesjo]

Hi Geekette - Based on the Lounge thread you and I have both participated in recently, I think you know that I am unqualifiedly the master of imprecise language (I'm thinking along the lines of Norm Crosby here). Thanks for clarifying my comments for the OP.

 

[got4boys]

So does this mean if I want 12000 points (from the points chart this should give me 1 week at a 2BR at Red/Ultra-Red season depending on resort, my MF would be $911.60?

Is it worth it to get this EOY if I don't normally stay a full week (just short stays of 3-4 days)?

Or put a little differently, is it worth getting BG points for anything < 12000?

If MF fees are straightforward math, does BG have a concept of a home resort? I was told no - however, if I do an Ebay search, lots of Points with a Home Resort comes up.

Disclaimer: I joined the YG and am waiting for approval... I think Wyndham is more suited for me, but was recommended to not discount BG so I'm taking a 2nd look.

I just added Bluegreen Points to my portfolio and very happy with it. I own a total of 11,000 points, which are comprised of two different resorts in trust fund D and are every other year. Don't discount every other year (they are my favorites on timeshares). .

I also own with other systems, including Wyndham, HGVC, and DVC, some weeks resorts, plus others.

If you stay 3 to 4 days, then it would work for you. Least expensive points to stay is Monday through Thursday Nights on points.

Yes, there is a home resort. If you buy it resale other than through Pinnacle Vacations, then the home resort would matter on bonus time. - It is cash pricing. Bonus time pricing is very good. Bonus Time is the ability to book an available unit less than 45-days from Check in at a Bluegreen Resort (Home Resort Only).

For a Studio - $59 per night plus tax
For a 1 Bedroom - $69 per night plus tax
For a 2 Bedroom - $79 per night plus tax

There are no reservation fees and guest certificate fees, but if you cancel there is a fee.

Peggy

 

[Plink]

Trust Fund F -- Sales Type J, K, and L. Sale Type should be listed on the estoppel. A number of resale companies are also listing Sale Type in their ads. (As far as we know, sales are not yet being made into Trust Fund F.)

Are there any updates to the Trust Fund F? I'm finding multiple listings for Trust Fund F. In fact, before I did my research, I "acquired" a BG TS that is saying it is Fund F Type A. A mistake maybe? Thanks in advance.