Considering a HGVC Purchase

[CoconutsAndBeaches]

Hello,

I am well informed of how the Hilton Grand Vacation timeshare program works and have stayed at a timeshare property before. However, I am unsure how to proceed with purchasing my first timeshare as I have seen prices change since last year and have already posted a Wish and browsed the existing listings on the Marketplace.

I am looking for an annual deeded ownership of minimum 7000 HGVC Points with an annual maintenance of <= $1300. Does everyone generally hire an agent/broker to pursue a purchase? Thank you in advance for any guidance!

 

[TUGBrian]

welcome to TUG! glad you are looking to buy resale for your first purchase!

ill move this down to the HGVC forum for you so you can get some answers from existing Hilton owners.

 

[djrsin]

Hello,

I am well informed of how the Hilton Grand Vacation timeshare program works and have stayed at a timeshare property before. However, I am unsure how to proceed with purchasing my first timeshare as I have seen prices change since last year and have already posted a Wish and browsed the existing listings on the Marketplace.

I am looking for an annual deeded ownership of minimum 7000 HGVC Points with an annual maintenance of <= $1300. Does everyone generally hire an agent/broker to pursue a purchase? Thank you in advance for any guidance!

I found my recent purchase (HGVC Sea World) through redweek. I bought from Thomas Ochoa from The Timeshare group and had a great experience with them. Prior to agreeing to the purchase I research the broker name on this forum. I suggest finding a broker that is offering what you want and verify the brokers credibility by searching on here or asking the fellow Tuggers if they have any experience with the chosen broker. If you have a choice with the closing company I would go with LT transfer since they are very good and low cost.

 

[tompalm]

The seller normally hires an agent to sell the timeshare and most of the time you will be calling a broker or real estate agent. The seller pays most of the closing cost to that agent, but you will also have plenty of closing cost with Hilton and other fees. If you know of a private owner selling a timeshare, hire a closing company to complete the transaction. Don't send money to a private owner. Lots of people here on TUG can provide more detailed information.

 

[Talent312]

The two most well-known & respected HGVC brokers in this forum:
... Seth Nock - www.sellingtimeshares.net
... Judi Kozlowski - www.judikoz.com/

Check their listings.
You can also find HGVC TS on eBay, but for a 1st-timer, I wouldn't recommend it.

 

[presley]

Does everyone generally hire an agent/broker to pursue a purchase? Thank you in advance for any guidance!

No, but if you don't, you have to be comfortable potential chaos and long waits in the process. If you have any questions at all or need constant reassurance that your purchase is going through, you'll be happier buying from a broker.
If you are comfortable sending money and maybe not hearing back from the seller for a couple months, but saving some money and you don't have any questions about the purchase, you can buy from Ebay or a directly from an owner.

 

[SmithOp]

In addition to Judy and Seth, Syed Sarmad is well respected here on TUG and carries HGVC inventory. I purchased from him last Dec after looking all year for just the right one at a price I was willing to pay.

eBay seems to get the low point contracts that people dump and the sellers are flakey, I would not recommend buying there.

TUG has some listings also in the for sale section, that is where I found Syed's ad.

http://advantagevacation.com/


Sent from my iPad Mini 4 using Tapatalk

 

[onenotesamba]

I got both of my units off of eBay, but only after thoroughly researching the sellers on these boards, to make certain that they weren't scams.

As for membership fees, if you want at least 7K points, you should aim to find a purchase price that's close (or maybe just under) $1/pt. Don't buy any gold weeks. At your budget for membership fees, you'd want one of the following (ordered from lowest MF to highest):

Vegas Strip 2 BR
Vegas Paradise 2 BR
Flamingo 2 BR
Vegas Strip 3 BR
Sea World Phase II 2 BR
Sea World Phase I 2BR
Sea World Phase I 3BR
Tuscany 2 BR
Parc Soleil 2 BR

You could also conceivably purchase two contracts on Platinum 1 BR units at Vegas Strip and/or Paradise, and your combined maintenance/membership fee might come in at under $1200, but you'll have additional transaction fees if you do it that way. But the purchase price on two $4800 point contracts would get you 9600 points, and they would probably pass ROFR at a purchase price lower than $1/point (judging from my recent experience).

 

[tompalm]

No, but if you don't, you have to be comfortable potential chaos and long waits in the process. If you have any questions at all or need constant reassurance that your purchase is going through, you'll be happier buying from a broker.
If you are comfortable sending money and maybe not hearing back from the seller for a couple months, but saving some money and you don't have any questions about the purchase, you can buy from Ebay or a directly from an owner.

Agree. Do not send money to a stranger or someone you don't know. If you find something on eBay, use a title company to close it. The cost are small and worth the protection to open an Escrow account. Call Judy and Seth and ask them which companies they use for closing. If they don't have a timeshare for sale that you like, look at eBay and use the title company that they use for closing. You might save a few dollars on EBay, but if you are not familiar with closing real estate transactions, you are better off using a known reliable agent like Judy or Seth. Don't be in a hurry to buy. Take your time and keep checking for deals.

 

[mscheribel59]

Hello,

I am well informed of how the Hilton Grand Vacation timeshare program works and have stayed at a timeshare property before. However, I am unsure how to proceed with purchasing my first timeshare as I have seen prices change since last year and have already posted a Wish and browsed the existing listings on the Marketplace.

I am looking for an annual deeded ownership of minimum 7000 HGVC Points with an annual maintenance of <= $1300. Does everyone generally hire an agent/broker to pursue a purchase? Thank you in advance for any guidance!

Well, I just recently purchased a timeshare thru e-bay, SEANS0302 was the seller. I too was a 1st timer, wanted 7,000 points Platinum, and wanted Tuscany in Orlando. Bought on 5-20-16, closed on 9-1-16 paid 4077.00, which is 58 cents a point. Closing took about 3 months from start to finish. Seller paid everything at closing. I will pay the $535 activation fee from Hilton when it comes. I'm extremely happy! Would highly recommend Sean !

 

[tompalm]

Well, I just recently purchased a timeshare thru e-bay, SEANS0302 was the seller. I too was a 1st timer, wanted 7,000 points Platinum, and wanted Tuscany in Orlando. Bought on 5-20-16, closed on 9-1-16 paid 4077.00, which is 58 cents a point. Closing took about 3 months from start to finish. Seller paid everything at closing. I will pay the $535 activation fee from Hilton when it comes. I'm extremely happy! Would highly recommend Sean !

Congrats. That's a great deal. What is your annual maintenance fee on that?

 

[mscheribel59]

Maintenance fees for 2016 Tuscany 2 bed 2 bath Platinum are 944.95 and real estate taxes are 256.09 for a total of 1201.04. Club dues are of course $ 150.00 a year no matter how many point you have.
I won't pay those until 2017 when I start with my 2017 points.

 

[hurnik]

Well, I just recently purchased a timeshare thru e-bay, SEANS0302 was the seller. I too was a 1st timer, wanted 7,000 points Platinum, and wanted Tuscany in Orlando. Bought on 5-20-16, closed on 9-1-16 paid 4077.00, which is 58 cents a point. Closing took about 3 months from start to finish. Seller paid everything at closing. I will pay the $535 activation fee from Hilton when it comes. I'm extremely happy! Would highly recommend Sean !

That IS a good deal. I think I ended up having to pay like $1,000 more in "closing costs" plus the $535 activation fee, on top of what I bought the resale for. Wow, if you can get the seller to pay the closing costs, etc. that was pretty sweet, IMO.