HGVC - 1 BR Grand+ 8800 points, annual, gold at Elara

[skepticalone]

MFs of $986/year, free closing and full 2024 usage.

Price: $2000 + $695 activation fee + $209 club dues.
MFs start in 2025.

Is this a good deal? New to timeshares here. I plan on using the points within the network. I see 11200 points platinum for $7K plus closing costs, and the MFs are the same. Should I invest in something like that instead? I read HGVC can still FROR the deal and it'll take 150 days to process... will I be able to use the 2024 points?

 

[fishwithwater]

I personally think this is at current market rate and a decent deal.

HGVC transfers are rather quick in my experience, unless there is hold-up on your seller's end. My HGVC transfer in April this year took about 1 month. I think you would be able to use them if your travel date is later this year, or if there's no availability, you can always save your points for next year.

 

[CalGalTraveler]

11.2 cents / pts a year. Not the best but not bad. Check ROFR.net for comps. I see recent Gold comps for $1500 and $650 but no statement on seller paying fees or current year points. 1 bdrm grands are great rooms.

You are getting free seller payment (worth $1200) + $986 MF for 2024 points. Effectively your purchase price of $2000 is paying for these benefits. If it were me I would offer $500 seller pays closing and negotiate from there.

Also check the estoppel to ensure this Elara unit has the HGVC points and not a Westgate unit in the same building.

 

[skepticalone]

Auction ended and it sold for $3000. I'll keep an eye out for those 11200 HGVC 1 bd platinum units... What would a good deal in one of those be? Seeing one for $4000 plus $2000 closing costs. But maintenance fees show $1071... Shouldn't they be $986 for 2024?

 

[CalGalTraveler]

Check TUG listings and Redweek.