Finding resale value for HICV Cape Canaveral Beach Resort?

[DaveNV]

A friend is a long time owner at this resort, and is trying to decide what to do with her ownership. My understanding is she owns a deeded EY week that was converted to 95000 points. She is pretty much done with staying there, and is exploring options with possibly renting to cover her MFs, or possibly selling. I'm trying to help her find the information she's looking for.

Can someone please explain what this ownership means in the HICV world? Is there any extra value or insider benefit to owning a week at this resort? Checking the TUG ads shows two For Sale ads that seem like they might be the same kind of thing she owns, but I don't know if those ads are typical, or have reasonable asking prices. eBay isn't much help. Is there anywhere I can look to find typical resale prices for this resort? I'm trying to help her make a smart choice about what to do.

Thanks,
Dave

 

[Tank]

The Cape Canaveral resort when sold will be convert back to a Weeks ownership
Points will not transfer, only to your own kids.
It will be a floating week with a set grouping, some are all year.
Sounds like a 1 bedroom.
Most have little value, though CC people like, it’s cheaper to sell than give back, they now charge $1200 to “give it back”

 

[DaveNV]

The Cape Canaveral resort when sold will be convert back to a Weeks ownership
Points will not transfer, only to your own kids.
It will be a floating week with a set grouping, some are all year.
Sounds like a 1 bedroom.
Most have little value, though CC people like, it’s cheaper to sell than give back, they now charge $1200 to “give it back”

Thanks. That all makes sense. The conversion back to a Weeks ownership may be the deal breaker. Her kids don't want it. She and her husband bought from the Developer back in the RonJon days, and then paid again to have it converted to Points so they could go elsewhere in the HICV portfolio. She said RCI has been disappointing as an exchange company, (although I don't know whether her exchange expectations were realistic - so many folks who don't understand exchanging think it's all sunshine and roses, and it certainly isn't, many times.) RCI's Deposit Calculator indicates a max TPU of 36, but I think that's for a 2br/sleeps 10 deposit during a holiday week. A 1br or non-holiday week would get much lower TPU, I think. I need to find out more from her for details on the underlying Week, and what float weeks are available to book.

Assuming the best of all worlds, is there any resale market, even for giveaway prices? Does that $1200 take-back price apply to resale transfers too?

Is there a rental market, if she chooses to go that way?

Dave

 

[Tank]

Prime time rental market yes

can transfer to someone for $100 I think if done yourself. Won’t be charged the $1200

they take some ROFR

 

[DaveNV]

Ok. Thanks. I'll pass this along to her, and see what she thinks she'll want to do.

Dave