Considering HGVC Resales

[dayooper]

I would agree with those that say 7000. You can always use them, especially if you want to bring friends and family. You can always book an upgraded room to use your points. I thought 7000 points was enough, but, after 2 years of ownership, we decided to purchase another 7000 point platinum deed (total of 14,0000). We have already used all of our 2022 points and have borrowed some of our 2023 points for our family get together trip in HHI next June!

 

[potsticker1]

Really great to hear all the positive feedback. It seems like a nice fit for what my family is looking to do. I didn't realize you could borrow - that makes a lot of sense. It would be nice if we travel with another party to just book into a 2bd or 3bd rather than having to find a hotel nearby or something.

We'd love to check out Myrtle Beach, Orlando (when the kid gets older), Honolulu, and Big Island. We're not big snow people, but Breckenridge and Park City look great too. And the international options look really appealing too. I can certainly see us taking advantage of an HGVC timeshare and it seems it can make financial sense too if I can find a good deal.

 

[Nowaker]

For points purchases, make sure to shop for Las Vegas properties. Boulevard, Paradise, Flamingo and Elara have a very good MF-per-point ratios (hint: don't include yearly club fee in calculating MFpp), when you pick the right unit and season. Just so you know the real market value - you should expect to pay around $4,000-$5,000 + closing ($1,500) for Flamingo 7k pts Platinum. Or $1,500 for Boulevard or Paradise 5,000 pts Gold. Don't fall for MLS-posted offers by realtors that are like double or triple these amounts. Don't believe their agents it's the market price. It's not. You can look up actual resale values on rofr.net. Ebay and SellingTimeshares.net are good places to look for fair prices. Also Facebook is good if you're good at explaining and convincing people that their $15,000 asking price that is half of what they paid to the developer isn't the market value and that real value is $x.

Also, be aware of the closing costs. If the seller says they cover closing, make sure to inquire what exactly they're paying. The last payment to HGVC called "activation fee" or "enrollment fee" of $617 usually isn't paid by the seller because it's technically not part of the closing, but from your perspective it's still part of the acquisition cost that has to be paid. If you're to cover all costs of closing, it's around $1500.

Happy shopping!

 

[letsgobobby]

Great question! Honestly, I was thinking a location with the cheapest MF. So I guess that'd be Las Vegas or Orlando. I read the only advantage for having a home resort is being able to book 12 months out - and to be honest, we generally plan 6-9 months out. Not 12.

This is fine logic, however note that platinum season at places like Lagoon Tower HHV will often be hard to book even at nine months out, much less six. Lagoon is very popular, and preference is given to home week owners booking exactly their full home week between 9-12 months out. That's exactly why we own at LT: we wanted to be 100% sure of getting into HHV even during peak season.

 

[mscheribel59]

Welcome to TUG. We have some great HGVC TUG members who are all willing to help. So always feel free to ask your questions. We may not have all the same opinion because of different perspectives, but that of course is the wonderful thing about humans and also HGVC system. After all, if we all like the same thing then we would all book the same which certainly won't be good.

I agree with previous comment, you really need to book HHV at 9 month mark, especially Lagoon Tower(LT). LT books quickly because it has one of the lower room point requirements (eq, 2Br - 7000 and 1Br - 4800 pts with views requiring more pts.)

No

I would answer no. The club does allow you to book open season (<30 days) using cash but this is only left-over availability and pricing isn't very good for this option.

I would say NO. I would recommend looking at around 7000 (others TUG members, please give your opinions here) because I think this is a very good starting number of pts. I assume that you will have a growing family thereby needing more room in the future.

I agree, 7,000 points would be a minimum I would be looking for. I have 7,000 Platinum points every year, and (2) 4,800 Platinum points every other year, one Odd and one Even.

 

[mscheribel59]

For points purchases, make sure to shop for Las Vegas properties. Boulevard, Paradise, Flamingo and Elara have a very good MF-per-point ratios (hint: don't include yearly club fee in calculating MFpp), when you pick the right unit and season. Just so you know the real market value - you should expect to pay around $4,000-$5,000 + closing ($1,500) for Flamingo 7k pts Platinum. Or $1,500 for Boulevard or Paradise 5,000 pts Gold. Don't fall for MLS-posted offers by realtors that are like double or triple these amounts. Don't believe their agents it's the market price. It's not. You can look up actual resale values on rofr.net. Ebay and SellingTimeshares.net are good places to look for fair prices. Also Facebook is good if you're good at explaining and convincing people that their $15,000 asking price that is half of what they paid to the developer isn't the market value and that real value is $x.

Also, be aware of the closing costs. If the seller says they cover closing, make sure to inquire what exactly they're paying. The last payment to HGVC called "activation fee" or "enrollment fee" of $617 usually isn't paid by the seller because it's technically not part of the closing, but from your perspective it's still part of the acquisition cost that has to be paid. If you're to cover all costs of closing, it's around $1500.

Happy shopping!

Word to the wise...Be sure that if it's an Elara deed, That it is truely a HGVC deed. Some are still Westgate, but advertised HGVC has ROFR. Look at the Estoppel before buying anything there. I own an Elara HGVC deed.

 

[Nowaker]

Word to the wise...Be sure that if it's an Elara deed, That it is truely a HGVC deed. Some are still Westgate, but advertised HGVC has ROFR. Look at the Estoppel before buying anything there. I own an Elara HGVC deed.

How to recognize HGVC from Westgate Elara on the estoppel form:

- HGVC says "2022: 5000 points" (number)
- Westgate says: "2022: AVAILABLE"