HGVC Elara 1 Bedroom - 11,200 Points ... Holding their asking price ... ..

[brial05]

I wish everyone success in their attempts to sell their timeshare if that is what they want to do. I know that in some cases, it may be almost impossible to do so without paying out of pocket.

Having stated the above, I am surprised that the one-bedroom, 11200-point unicorn that is the Elara seems to have held on to its 5k minimum this whole year. There seem to be many; either they are the same units, or they are coming in and out, but the bottom line is 5k.

I've contacted the MLS brokers who are 'selling' these units, and all absolutely will not budge from this price. They all say they will ask their clients, but I get ZERO responses.
I am using the Hilton MLS site, but any site with true MLS listings would show the same.

I wonder if I am missing listings that are perhaps not officially 'MLS'?

I am not trying to lob a lowball offer, but I at least want a discussion. It seems as if none of the MLS brokers who represent their listings will discuss anything. They want the list price, and they want me to pay the closing.

I had hoped to purchase before year-end and that the hard-line stance would soften as we approach year-end, but it has not.

Any insight would be appreciated.

 

[letsgobobby]

you "want a discussion" but apparently the sellers don't.

it's not about your feelings.

take it or leave it.

 

[hgvcdude]

Yeah I hear you on wanting a deal! Me too! I also tried the real estate agent route and got nowhere. I almost bought one of these Elara 11,200 deeds a few weeks ago. I was staying in Orlando at the time at the HGVC and I was at Universal Studios Orlando sitting outside of the Velocicoaster when I saw one of these come up for sale on ebay on my phone. It was only $4125 and seller was paying closing. I knew this was a good deal and I almost pressed the buy now button. I was trying to get it for a bit cheaper and negotiating with the seller when someone else bought it out from under me. My mistake "waiting" on it for sure! I normally throw money fast at a good deal and lock it down quick. I sold (2) of these for $8750 each last year, when I had bought them for 4-5K. Luckily for me, I was able to snag a 2 bedroom grand Elara unit for only 6K about a week after I missed out on the $4125 deal, so I bought that since I really wanted the 2 bedroom since it's even more of a unicorn and I have a thing for rare deeds and I've been really wanting a good 2 bedroom deed at Elara. They are just so rare. I thought more sellers would be selling right now with maintenance fees being due, but so far it's been a quiet selling season. In my opinion, a good deed at the Elara is the best deed you can buy right now. Keep waiting and checking ebay. I see multiple amazing deals every year. You just gotta pounce fast when the right deed comes up at a good price, because if you don't, someone else definitely will.

 

[4TimeAway]

I sold (2) of these for $8750 each last year, when I had bought them for 4-5K.

There can be some great deals from time to time. If you want it, buy it.

My issue with resale timeshares is everyone wants the "best deal" seriously 80-90% off retail should be good enough.

These things have a range of values in the illiquid market. Buy low, sell high. I like it.

 

[CalGalTraveler]

I wish everyone success in their attempts to sell their timeshare if that is what they want to do. I know that in some cases, it may be almost impossible to do so without paying out of pocket.

Having stated the above, I am surprised that the one-bedroom, 11200-point unicorn that is the Elara seems to have held on to its 5k minimum this whole year. There seem to be many; either they are the same units, or they are coming in and out, but the bottom line is 5k.

I am not trying to lob a lowball offer,

Any insight would be appreciated.

Your first paragraph is apparently untrue for this property. You said yourself that this is a unicorn so it is in high demand for resale. Supply and demand means what the market is willing to bear.

What do you want to discuss? Provide the offer you are willing to pay to each listing and you will have your answer.

From @hgvcdude post, at best you could get $800 + trxn off. If and when this arises you will have to be fast which means constant checking. IMHO $5000 for 11,200 pts is a fair price because 11200 units in Vegas can sell for up to $7000 or more. I sold an 11200 with a higher MF per point for about $6500. Yes I had tire kickers like you. I ignored, waited and found a buyer.

How long do you want to wait to vacation? There are buyers who do not have time to constantly check but want a good unit MF/pt and a fair price

If you plan to own for 10 -20 years the difference in purchase price is irrelevant compared to the MF cost savings. Do the math.

This is a desirable unit with a good exit path and low MF.

If it were me I would try to find an owner on Tug or Facebook group and deal direct with closing by third party $250 like LT transfers. If broker is selling for $5000 the broker is taking $750 or more. You can mitigate this net cost to owner thru direct DIY.

 

[Hobokie]

$5k wow that’s madness! What’s the annual MF for this? I have a platinum studio plus (5600) that I paid $148 for on Ebay. I wonder what the math for breakeven for this is (ie getting 2 studios for free or very low vs $5k madness — how many years based on MF savings would it take for the 1 bd to make more sense?)

 

[Reddart]

$5k wow that’s madness! What’s the annual MF for this? I have a king platinum studio plus (5600) that I paid $148 for on Ebay. I wonder what the math for breakeven for this is (ie getting 2 studios for free or very low vs $5k madness — how many years based on MF savings would it take for the 1 bd to make more sense?)

Based on 2025 MF, 9-10 years. But probably somewhat less due to MF increases.

 

[Hobokie]

I’m about ready to be done with mine ha! I’m with ya @brial05 , I would NOT pay $5k for this 1 bd unit.

 

[Chris-ATX]

I’m about ready to be done with mine ha! I’m with ya @brial05 , I would NOT pay $5k for this 1 bd unit.

@Hobokie how close to being done are you?