Excessive Number of Timeshares available on Redweek

[JoeVacation]

Has anyone noticed recently that there seems to be an excessive number of HGVC timeshares available for sale on Redweek? I've been watching over the last several months because I thought we'd add another week to our timeshares since I recently retired. There have always been a fair number of resorts available in Redweek in Florida, Hawaii, and Las Vegas but recently started seeing hundreds more timeshares for sale. Several of the resorts in Hawaii have over three hundred timeshares available for each resort and the same for Florida and Hawaii. And the points-based view shows over 3800 resorts available, which seemed very high to me. Many of them seem to be the Silver resorts that people can't get rid of, but then looking in the points-based view I see many of the premium points Platinum weeks, some at very decent prices. Again, many of them seem to be advertised by a few resort resellers and not sure how reputable some of them may be, but a lot of them are Redweek verified.

 

[4TimeAway]

Seems like someone (realtor?) uploaded some kind of market list to Redweek.

Fidelity R.-RedWeek Member​

5365 active postings

 

[GT75]

Wow, I saw 354 listings for HGVC Boulevard alone with most of those being RedWeek verified. I don’t like the way that RedWeek verified lists their listings because they don’t provide the # of pts, season or # of BRs in the summary. If I was actually interested, I don’t want to look at the details of over 300 individual listings.


MFs will be due soon. I wondering if owners are trying to sell early this year.

 

[HuskerATL]

Fidelity has been posting more recently to the HGVC resale FB group also.

I suspect we will see more from FL with this MF increase discussion that is happening. I definitely would dump it if it is mainly just a point generator.

 

[HuskerATL]

Wow, I saw 354 listings for HGVC Boulevard alone with most of those being RedWeek verified. I don’t like the way that RedWeek verified lists their listings because they don’t provide the # of pts, season or # of BRs in the summary. If I was actually interested, I don’t want to look at the details of over 300 individual listings.


MFs will be due soon. I wondering if owners are trying to sell early this year.

Any Blvd deals?

 

[GT75]

Any Blvd deals?

I saw a 2BR platinum, 11,200 pts listed for $5K by a trusted broker. Looked like a good starting point for negotiation. Like I said, I didn’t wade through all of the RedWeek verified. Ocean Oak also had a bi-annual platinum season 2BR regular listing that I thought was reasonable to OO.

 

[dioxide45]

Seems like someone (realtor?) uploaded some kind of market list to Redweek.

Fidelity R.-RedWeek Member​

5365 active postings

Perhaps this broker (which is the brokerage arm of Timeshares Only) came to an agreement with Redweek to list weeks at listing rates that are lower than the standard rates that individual owners would pay and are thus submitting weeks under their brokerage for sale?

 

[HedonisticEpicurean]

I shouldn't have looked at this posting. Makes me want to purchase something at a great price. I sense this means there are (or will be) hungry sellers just trying to unload before next years MFs. I looked and I was overwhelmed by the sheer number of listings.

Is there any statistics on how the TS market tanked during previous downturns in the economy? My guess is that there will be incredible deals for the next few years.

 

[4TimeAway]

I shouldn't have looked at this posting. Makes me want to purchase something at a great price. I sense this means there are (or will be) hungry sellers just trying to unload before next years MFs. I looked and I was overwhelmed by the sheer number of listings.

Is there any statistics on how the TS market tanked during previous downturns in the economy? My guess is that there will be incredible deals for the next few years.

I said this before and got some H8, but I think Hawaii will take a large hit on resale pricing for the more expensive deeds. Japan seems to have alot of owners that want out and between aging out and financial stresses, I expect some sellers will enter the market. Specifically, $3,000-4,000 in MFs is not cheap and some people will just want out. I am hoping to upgrade me deeds, but we'll see.

Nobody needs another timeshare.... but sure want one, two or maybe just 3 more....

 

[Chris-ATX]

I'll be waiting for a real deal to come along, want an additional deed or 2, but not at the listing rates I'm seeing.

 

[jp10558]

I shouldn't have looked at this posting. Makes me want to purchase something at a great price. I sense this means there are (or will be) hungry sellers just trying to unload before next years MFs. I looked and I was overwhelmed by the sheer number of listings.

Is there any statistics on how the TS market tanked during previous downturns in the economy? My guess is that there will be incredible deals for the next few years.

Goodness I kind of hope so. I'd like another set of points, but not unless cheaper than buying via Scotland. That is kind of "always there" so no real rush for me.

 

[rickandcindy23]

It's not just Hilton with large numbers of weeks available.

 

[TolmiePeak]

I saw a 2BR platinum, 11,200 pts listed for $5K by a trusted broker. Looked like a good starting point for negotiation. Like I said, I didn’t wade through all of the RedWeek verified. Ocean Oak also had a bi-annual platinum season 2BR regular listing that I thought was reasonable to OO.

Thanks for the info. Starting point? Are they likely to come down in price from $5k? Isn't this a pretty good deal? Aren't the maintenance fees per point < 10 cents on that contract making it very desirable?

 

[escanoe]

With the economy a little softer and the Covid revenge travel having played out, I think we may see a lot of people trying to sell in a few months when maintenance fees come due.

In the last few years that has seemed like less of a thing, but I am now expecting to see it in a more significant way. We'll see.

 

[DaveNV]

Curious about some of these listings. Somewhere I remember hearing Hilton charges a high fee to create a new account for someone who doesn't already own in their system. Is that true? If I don't own Hilton and bought one of these bargain listings, what would I expect to pay in fees to become an HGVC member?

Dave

 

[dioxide45]

Curious about some of these listings. Somewhere I remember hearing Hilton charges a high fee to create a new account for someone who doesn't already own in their system. Is that true? If I don't own Hilton and bought one of these bargain listings, what would I expect to pay in fees to become an HGVC member?

Dave

I understand that HGVC charges $695 per week activation fee to bring it into the Club. So it doesn't matter if you own already or not.

 

[TUGBrian]

as the year comes to a close and the next years mf bills start coming in we always see a surge in posted resale listings.

may certainly be a higher surge with ever increasing fees though!

 

[DaveNV]

I understand that HGVC charges $695 per week activation fee to bring it into the Club. So it doesn't matter if you own already or not.

Thanks. Would that apply for a Points purchase, too? My recollection was that it was like $2500 or some such. Really high. (Obviously I'm incorrect.)

Dave

 

[dioxide45]

Thanks. Would that apply for a Points purchase, too? My recollection was that it was like $2500 or some such. Really high. (Obviously I'm incorrect.)

Dave

HGVC doesn't sell points. That would be HVC/Diamond. I don't know their fees, but I wouldn't buy them anyway. HGVC is a deeded week that is allotted a point value in the club. The activation fee is what is paid to become active in the club to use the point system. It isn't a voluntary fee.

 

[WaikikiFirst]

Perhaps this broker (which is the brokerage arm of Timeshares Only) came to an agreement with Redweek to list weeks at listing rates that are lower than the standard rates that individual owners would pay and are thus submitting weeks under their brokerage for sale?

Very interesting and prob insightful theory. The wrinkle in it is I wonder how Fidelity gets so many listings unless HGVC itself just gave Fidelity initial access to bunch of inventory ... deedbacks or ???
A quick look says that for some resorts, it is 50 - 75% EOYs, iow mostly junk & not even well-defined without clicking thru to each one.

Has anyone ever seen Judy K with 2000 HGVC listings?

 

[DaveNV]

HGVC doesn't sell points. That would be HVC/Diamond. I don't know their fees, but I wouldn't buy them anyway. HGVC is a deeded week that is allotted a point value in the club. The activation fee is what is paid to become active in the club to use the point system. It isn't a voluntary fee.

Okay. I'm confusing myself. Thanks for clarifying.

So for example, the 11,200 Platinum points referenced above are for a deeded annual 2br unit at that resort? And the allotted points can be used at *any* HGVC location, during any week of the year, right?

With all these bargains listed for sale, I'm thinking I may have to step back into owning. And HGVC seems like a decent one, considering where I live.

Someone stop me...

Dave

 

[dayooper]

Okay. I'm confusing myself. Thanks for clarifying.

So for example, the 11,200 Platinum points referenced above are for a deeded annual 2br unit at that resort? And the allotted points can be used at *any* HGVC location, during any week of the year, right?

With all these bargains listed for sale, I'm thinking I may have to step back into owning. And HGVC seems like a decent one, considering where I live.

Someone stop me...

Dave

Mostly, there are restrictions in the booking window in some resorts, but yes, you are correct.

 

[dayooper]

Very interesting and prob insightful theory. The wrinkle in it is I wonder how Fidelity gets so many listings unless HGVC itself just gave Fidelity initial access to bunch of inventory ... deedbacks or ???
A quick look says that for some resorts, it is 50 - 75% EOYs, iow mostly junk & not even well-defined without clicking thru to each one.

Has anyone ever seen Judy K with 2000 HGVC listings?

This was my first impression as well. HGVC partnered with Fidelity to get rid of some inventory.

 

[GT75]

HGVC fees will be for that purchase:

Club Inventory Activation Fee per interval (Purchased through Resale/Private)	$695
Ownership Change Fee | Single fee (when multiple weeks enrolled at same time)	$474

MFs will be ~$1060 or 0.095 $/pt.

There will also be a broker fee and club dues (if first HGVC ownership) of $209.

 

[GT75]

Has any dealt with Fidelity? The listings on their website were better than on RedWeek in that the pts and number of bds are stated in the overview. I couldn’t sort by #BR, Pts and season. It certainly would be much more helpful if the search work because I would be looking (which I am NOT) for specific deeds.