Considering purchasing 7000 points for 11K through resell, good value?

[Wooi]

Considering purchasing 7000 points for 11K through resell, good value?

Point: 7000 Platinum Season 2 brd
Location : Las Vegas Blvd
MF: $800
Purchasing Price: $11,000

Good value? Any thought?

Passed ROFR chances?

 

[SmithOp]

Its a little high, probably due to the favorable maint fees in Vegas. Those are usually priced closer to $1 a point, maybe $7000-$8000. How much are the closing costs, will the seller pay those?

 

[GT75]

My criteria is ~$1/point and ~$0.1/point for MF. There is one listed for $9,375 on judikoz.com. I would think that $1/point should pass ROFR.

On the plus side is that you are looking resale and also asking questions.

 

[Sky313]

My criteria is ~$1/point and ~$0.1/point for MF. There is one listed for $9,375 on judikoz.com. I would think that $1/point should pass ROFR.

On the plus side is that you are looking resale and also asking questions.

Good recs but how does one get maintenance fees at $0.1/pt. if the lowest fees are $800 for 7000 points, then that equals $0.114 per point.

 

[fillde]

Are the maintenance fees at LV Blvd exactly at $800?

Flamingo is $1135. I personally would look for a 7000 Platinum Flamingo and make a low ball offer. Flamingo doesn't have ROFR. By low ball I mean $5000.

Good luck.

 

[SmithOp]

Good recs but how does one get maintenance fees at $0.1/pt. if the lowest fees are $800 for 7000 points, then that equals $0.114 per point.

There are a few properties that have extremely low fees with high points, hard to find resale though. You have to study the point charts and maint fee threads to find them. Consider this one:

LV Boulevard 1br Platinum Plus 6200pts - $594.75

 

[SmithOp]

Are the maintenance fees at LV Blvd exactly at $800?

Flamingo is $1135. I personally would look for a 7000 Platinum Flamingo and make a low ball offer. Flamingo doesn't have ROFR. By low ball I mean $5000.

Good luck.

Reported as $821.83 in this years maint fee thread (sticky) at LV Blvd.

 

[Ron98GT]

As stated, $1/point = $7,000. $11k = too high, over priced. Also, Judi's is too high @ $9375.

if there is nothing in the TUG marketplace, run a Want-to-Buy ad, that's how I got mine.

FYI, Las Vegas has the lowest MF's.

 

[Bailey#1]

Are the maintenance fees at LV Blvd exactly at $800?

Flamingo is $1135. I personally would look for a 7000 Platinum Flamingo and make a low ball offer. Flamingo doesn't have ROFR. By low ball I mean $5000.

Good luck.

I agree with this. Flamingo is right in the middle of everything. Parking is easy. Grounds are nice.

 

[hurnik]

As stated, $1/point = $7,000. $11k = too high, over priced. Also, Judi's is too high @ $9375.

if there is nothing in the TUG marketplace, run a Want-to-Buy ad, that's how I got mine.

FYI, Las Vegas has the lowest MF's.

Generally Flamingo goes for more than the other Las Vegas locations due to no ROFR. I'd be surprised if you could get a 7k Flamingo for $1/point, but it never hurts to try. Although the MF seem a tad high at $1135 for that Flamingo, IMO.

 

[1Kflyerguy]

Generally Flamingo goes for more than the other Las Vegas locations due to no ROFR. I'd be surprised if you could get a 7k Flamingo for $1/point, but it never hurts to try. Although the MF seem a tad high at $1135 for that Flamingo, IMO.

I have never figured out why people pay a premium to get the one resort with no ROFR. I guess it simplifies the purchase transaction, but in the end it just not that hard of a process.

 

[SmithOp]

I have never figured out why people pay a premium to get the one resort with no ROFR. I guess it simplifies the purchase transaction, but in the end it just not that hard of a process.

I was thinking the same thing given the big difference in maint fee per point, Boulevard seems like the best deal regardless of rofr.


Sent from my iPad using Tapatalk

 

[fillde]

I have never figured out why people pay a premium to get the one resort with no ROFR. I guess it simplifies the purchase transaction, but in the end it just not that hard of a process.

I wasn't suggesting paying a premium if you directed this at me. I suggested a lowball offer at Flamingo. I realize maintenance fee's will eventually catch up with the money expended at the sale. But are the maintenance fee's being supported at the Strip because it's newer?

 

[1Kflyerguy]

I wasn't suggesting paying a premium if you directed this at me. I suggested a lowball offer at Flamingo. I realize maintenance fee's will eventually catch up with the money expended at the sale. But are the maintenance fee's being supported at the Strip because it's newer?

I did not mean to suggest paying a premium or even imply that you had.. I am just puzzled that it seems like people are willing to pay a premium to avoid ROFR.

I am not certain about the strip location, but my guess is that HGVC is subsidizing the MF.

 

[onenotesamba]

I don't know that the MFs are subsidized at the Boulevard, at this point. That resort has been around for a while, and when you consider that MFs are generally lower in Vegas (because of low property taxes), I'm not sensing a conspiracy.

 

[Ron98GT]

I don't know that the MFs are subsidized at the Boulevard, at this point. That resort has been around for a while, and when you consider that MFs are generally lower in Vegas (because of low property taxes), I'm not sensing a conspiracy.

Not only are our property taxes lower than most other states, but the overall maintenance is a lot less also: no hurricanes, floods, termites, low humidity, lower utility costs, no HGVC golf courses, and the grounds are a lot less than the larger resorts like in Hawaii.

 

[hurnik]

I did not mean to suggest paying a premium or even imply that you had.. I am just puzzled that it seems like people are willing to pay a premium to avoid ROFR.

I am not certain about the strip location, but my guess is that HGVC is subsidizing the MF.

It's probably because you basically know you're going to get the unit.

Sure, that 7k at the Strip would be nice to get for say, $7,000 or maybe $5,000. But with hilton exercising the ROFR, if it's something you want sooner rather than later, you'll probably have to get Flamingo.

Unless someone wants Flamingo for Home Resort purposes vs. the other locations (personally I'd rather stay at Flamingo vs. the Strip location, but that's me).

At least those are some reasons I can think of.