HGVC Flamingo

[astro57]

I am looking at an Ebay auction at the Flamingo in Las Vegas, it says that property has no "right of first refusal". Does anyone here know if that is true. How can I check?
Thanks

 

[Bill4728]

Welcome to TUG

You've checked!! All info about ROFR here on TUG has said for years that HGVC at the Flamingo doesn't have ROFR.

 

[Blues]

Bill's correct, as usual. I just closed on an HGVC Flamingo a few months ago. There was no ROFR.

-Bob

 

[astro57]

Thanks. I have been tracking the auction prices for various locations at HGVC. Soon I hope to post the results auction price per point for each property sold. I have about 12 now, when I get a few more I will organize this for an upload. I wanted to see what the market is before I spend my money.

 

[Talent312]

Thanks. I have been tracking the auction prices for various locations at HGVC. Soon I hope to post the results auction price per point for each property sold. I have about 12 now, when I get a few more I will organize this for an upload. I wanted to see what the market is before I spend my money.

You should also consider tracking/posting the MF's for each.
They can make a significant difference in your cost to own over time.
IMHO, a more realistic comparison between units is not price-per-point, but cost-per-point over 10-20 years. If in looking at three different units, each with similar price-per-point ratios, but significantly different MF's, over time, the differential in your total cost will be substantial.

Its kind'a like the difference between the interest-rate on a loan vs. the "APR" rate which takes into account all the fees that are tacked on to get that deal.

 

[astro57]

I guess I would need to know the average number of years a timeshare owner keeps a property. As that number gets larger the price per point would become less important. Just picking a number could be misleading, the sort of thing a timeshare salesperson might do

 

[Talent312]

I guess I would need to know the average number of years a timeshare owner keeps a property. As that number gets larger the price per point would become less important. Just picking a number could be misleading, the sort of thing a timeshare salesperson might do

The average number of years is meaningless. What's meaningful is your own expectation or intention. Chose the number that makes the most sense to you, not the average-owner. If you intend to hold the unit for at least five years, use that number.

OTOH, you could pretend that MF's have no place in making a purchase decision.
After all, that's the "sort of thing" that a TS sales person would do.

 

[astro57]

My reason for wanting an average number of ownership years was to make a post that was useful to anyone reading it. My intentions will no doubt be different than many others. I imagine most people intentions vary from their actions throwing all calculations out the window. Maybe the salesman would be right, price per point is the only number you can nail down. The number of years can vary, MF's will vary, taxes will vary, renovation surcharges will vary and resale value when you decide to sell will vary. Price per point at a given location is the only thing we have control over. I think I'll find the best deal I can, at the location I want and enjoy it for as many years as I decide.
Thank you for your input.