HGVC Platinum points

[flamtilivom]

I've owned this for 7-8 years now, any idea how much this is worth? I'm interested in selling as we now have kids and don't get to use it as much.

 

[CalGalTraveler]

A Vegas Platinum at one of the maintenance fee efficient FEPS Resorts (Flamingo, Elara, Paradise, Strip) rule of thumb is about 0.65 to $0.9 cents a point.

 

[jabberwocky]

A Vegas Platinum at one of the maintenance fee efficient FEPS Resorts (Flamingo, Elara, Paradise, Strip) rule of thumb is about 0.65 to $0.9 cents a point.

I think that would be acquisition cost including closing, club transfer fee etc. the seller would likely get less I would think.

It depends on how fast you want to move it. Price it around $6-7k or less and I think it would go pretty quick.

 

[5finny]

One listed on Red Week right now by Diane Nadeau for $6500
ROFR.NEt shows much lower actual sales but they are dated and few

 

[GTLINZ]

I've owned this for 7-8 years now, any idea how much this is worth? I'm interested in selling as we now have kids and don't get to use it as much.

I think the suggested price is spot on - but you can always look thru completed ebay sales and get a idea yourself.

Another factor is you being clear that you will or will not cover closing cost - the actual closing (not expensive thru LTtransfers) but also the transfer fees, etc. So a lower price could be offset by saying the buyer is responsible for all closing costs.

You can always join Tug (well spend 15 bucks last time I looked) and post it here. If you go thru a reseller you have to pay them. You can do research here on closing companies that will handle the transfer for you.

 

[CalGalTraveler]

Agree. If you use LT transfers to close and post via Redweek, TUG and FB you can earn more. Brokers will eat into your net and market in the same places.

 

[flamtilivom]

Thank you all. I think I'll join TUG and list it.

 

[tomvc]

Before listing this, I recommend reading the HGVC forum since you can use the club points for great family vacations within HGVC or RCI. Many people are buying the Vegas deeds as a low cost points generator to travel to Hawaii and Caribbean, for example.

 

[PigsDad]

I've owned this for 7-8 years now, any idea how much this is worth? I'm interested in selling as we now have kids and don't get to use it as much.

IMO, using this for affordable family vacations is one of the best arguments for owning a HGV deed. Those 11,200 points would make for fantastic family vacations for very little cost. A week at a 2BR vacation condo for about $1,000 in annual fees is a fantastic deal compared to the alternatives.

But to each their own, I guess.

Kurt

 

[mjm1]

IMO, using this for affordable family vacations is one of the best arguments for owning a HGV deed. Those 11,200 points would make for fantastic family vacations for very little cost. A week at a 2BR vacation condo for about $1,000 in annual fees is a fantastic deal compared to the alternatives.

But to each their own, I guess.

Kurt

I've owned this for 7-8 years now, any idea how much this is worth? I'm interested in selling as we now have kids and don't get to use it as much.

I agree with Kurt. The OP can make some great memories with his or her family by using their ownership for some relatively inexpensive vacations. I would encourage the OP to look into how they can best use their ownership unless other factors just don’t allow them to take any vacations.

Best regards.

Mike

 

[flamtilivom]

IMO, using this for affordable family vacations is one of the best arguments for owning a HGV deed. Those 11,200 points would make for fantastic family vacations for very little cost. A week at a 2BR vacation condo for about $1,000 in annual fees is a fantastic deal compared to the alternatives.

But to each their own, I guess.

Kurt

Thank you, that was my idea when I bought it. Used Valdoro a few times and it was great.

 

[ernststarhemberg]

Echoing above points - HGV deed ownership is a potentially huge advantage for families looking to vacation somewhere. $1k/year in maintenance fees for a week in posh accommodations versus $3-4k+ for a week at a hotel or similarly appointed Airbnb in a nice area.

Assuming family life permits vacations to be taken, and finances are sound, I think it's worth considering keeping the deed and utilizing it for family vacation savings. After all if the ability to vacation does arise again, you'll find yourself in a position of paying general economy ($$$) prices for vacation accommodations or buying a timeshare deed all over again.

If you find you'd like to keep the deed but aren't able to utilize all 11,200 points annually, make sure the point rollover process or the RCI conversion is being taken advantage of so that the points will be there to use when you want them. For the $150 or whatever it costs to roll current year points into next year, it's definitely worth it to save 11,200 points, and have 22,400 points to burn and take a REALLY nice vacation (or two) the following year.

Another option if you know you aren't going to be able to use the points is to rent out your home week and use the proceeds to pay the maintenance fees, so at least you aren't completely in the hole for the years the points aren't used.

 

[FilthyForever]

Echoing above points - HGV deed ownership is a potentially huge advantage for families looking to vacation somewhere. $1k/year in maintenance fees for a week in posh accommodations versus $3-4k+ for a week at a hotel or similarly appointed Airbnb in a nice area.

This is exactly how I think about it. Hotels and vacation rentals have gotten so expensive, and you never really know what exactly you're going to get until you check in.

For the $150 or whatever it costs to roll current year points into next year, it's definitely worth it to save 11,200 points, and have 22,400 points to burn and take a REALLY nice vacation (or two) the following year.

I love the concept of planning multiple years out. I'd tweak this slightly so that you are always borrowing points from a future year and avoiding paying the fee to save the points. So I'd do it like this: take a 2-week vacation every other year by using the current year's points plus the following year's points. And it comes at no surprise, I'd recommend spending those two weeks in Waikoloa (half Bay Club half Kings Land).

I know we're presenting alternatives to selling what you have, but it's because you have one of the most valuable types of deeds in the entire system!