Cubby Bill
newbie
- Joined
- May 30, 2019
- Messages
- 8
- Reaction score
- 8
- Resorts Owned
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I bought 57th street in NYC and can rescind within New York's 7 days if I do it ASAP. Looking at resale prices on this and others (possibly Hilton resale site) I am wondering if I should. Here is the deal. I made it approximate since I suspect Hilton also belongs to this web site.
Purchase price $18K, deeded 57th street NYC
10000 bonus points
Every other year (odd) usage
Maintenance fee estimated at $1800.
1 bedroom Studio plus Gold
Possible perks VIP Gold status, RCI which I do not think I would use, Hilton club discounts and maybe rental opportunities.
Based on price for every other year, and Bonus points I thought it was ok. Embracing buyer’s remorse I am now reading what I should have read earlier. I do like the property for visiting NYC but it seems I can get all benefits of ownership except bonus points for a lot less via buying a resale. It also seems cheaper to just rent on Hilton's hotel web site (although I would lose owners lounge). I am flexible on when I travel.
One thing I do not understand is why are the annual fees so different? The fees I was quoted were much higher than what I have reviewed on this site by others for more points same location. This Hilton NYC seems to have a fairly good resale (I think a current listing on this site is $10K) and with 10000 points that does compensate some of the higher price. I also think that when I submit my rescind letter they will call and counter with a lower price and/or more points.
Right now I am thinking of rescinding and taking more time to research, since I just joined I thought I would seek more experienced advice. Based on NYC resale it seemed not to bad. Thanks
Purchase price $18K, deeded 57th street NYC
10000 bonus points
Every other year (odd) usage
Maintenance fee estimated at $1800.
1 bedroom Studio plus Gold
Possible perks VIP Gold status, RCI which I do not think I would use, Hilton club discounts and maybe rental opportunities.
Based on price for every other year, and Bonus points I thought it was ok. Embracing buyer’s remorse I am now reading what I should have read earlier. I do like the property for visiting NYC but it seems I can get all benefits of ownership except bonus points for a lot less via buying a resale. It also seems cheaper to just rent on Hilton's hotel web site (although I would lose owners lounge). I am flexible on when I travel.
One thing I do not understand is why are the annual fees so different? The fees I was quoted were much higher than what I have reviewed on this site by others for more points same location. This Hilton NYC seems to have a fairly good resale (I think a current listing on this site is $10K) and with 10000 points that does compensate some of the higher price. I also think that when I submit my rescind letter they will call and counter with a lower price and/or more points.
Right now I am thinking of rescinding and taking more time to research, since I just joined I thought I would seek more experienced advice. Based on NYC resale it seemed not to bad. Thanks