HGVC Resell

[frankyip]

Some good news!

I've just received the estoppel on my offer for Elara 1br Platinum Annual 4,800 pts for $2,000. Turns out that HGVC had waived the ROFR 2 days after I signed the offer.

The estoppel stated that it's for a Float Platinum 1BR and full point balances of 4,800 is available in 2019 and 2020. I guess it's clear that this is not one of the Westgate unit which I worried about...

 

[dayooper]

Some good news!

I've just received the estoppel on my offer for Elara 1br Platinum Annual 4,800 pts for $2,000. Turns out that HGVC had waived the ROFR 2 days after I signed the offer.

The estoppel stated that it's for a Float Platinum 1BR and full point balances of 4,800 is available in 2019 and 2020. I guess it's clear that this is not one of the Westgate unit which I worried about...

Congrats! That was fast. I wonder if they really aren’t excerising ROFR on Elara right now. That’s a great price point!

 

[frankyip]

Here's an extract of the estoppel:

 

[cas42021]

Awesome! Congrats and great deal!

 

[Finsadbel]

Here’s an excerpt from our estoppel. We purchased 5000 annual points at the ELARA for $1,000. Sorry for the delay.

Sent from my iPhone using Tapatalk

 

[frankyip]

Here’s an excerpt from our estoppel. We purchased 5000 annual points at the ELARA for $1,000. Sorry for the delay.

View attachment 9520


Sent from my iPhone using Tapatalk

Awww... I paid double of what you paid for less points...

 

[cas42021]

Awww... I paid double of what you paid for less points...

5000pts at Elara is Gold Season 1BR Grand. You are paying slightly lower MF's, you got a great deal. You paid $0.42 per point for a Platinum unit, and it passed ROFR! Be happy

 

[Sky313]

5000pts at Elara is Gold Season 1BR Grand. You are paying slightly lower MF's, you got a great deal. You paid $0.42 per point for a Platinum unit, and it passed ROFR! Be happy

Looking at the Estoppel, I'm confused. Same maintenance fee cost. 5000 points for gold, 4800 for platinum. Differences are room level, 1 br grand vs 1 br.

Does it mean that a 1BR grand Gold is better than a 1 BR Platinum?

 

[SmithOp]

Looking at the Estoppel, I'm confused. Same maintenance fee cost. 5000 points for gold, 4800 for platinum. Differences are room level, 1 br grand vs 1 br.

Does it mean that a 1BR grand Gold is better than a 1 BR Platinum?

Elara probably has the most complex unit size structure, 2 levels of studios/4br (Std, Plus), and 4 levels of 1/2/3 br (Std, Plus, Grand, Grand Plus). HGVC assigns points based on season AND unit levels, so a lower season (Gold) in a higher unit level (Grand) may get more points than a higher season (Platinum) in a lower unit level (Plus). The maint fee is the same for all in the unit type. That is what you are seeing here.





Sent from my iPad using Tapatalk Pro

 

[cas42021]

So a regular 1BR has the same MF as a 1BR Grand or 1BR Plus? If that's the case then yeah, the Gold Season 1BR Grand is better as you get 200 additional points for the same MF. I thought MF was dependent on room type..but I guess 1BR is 1BR, no matter the size, view, floor number, etc.

 

[brp]

So a regular 1BR has the same MF as a 1BR Grand or 1BR Plus? If that's the case then yeah, the Gold Season 1BR Grand is better as you get 200 additional points for the same MF. I thought MF was dependent on room type..but I guess 1BR is 1BR, no matter the size, view, floor number, etc.

Correct. All that matters for the MFs is the room type (1BR, 2BR, etc.). The Season (Gold, Platinum) and Level (Std, Plus, etc.) don't factor into the MFs. However, as you saw, these latter do factor into the number of points received.

If one is planning to use these units for points (rather than booking Home Week reservations, where Season and specific level designation do matter), then the most points within a given unit type (size) is the best deal in terms of MF/point.

Cheers.

 

[tdietvorst]

Happy Holidays everybody. I just want to say how impressed I am with all the excellent responses and all the help you give people who ask questions. I've been a member of TUG for a couple of years and just marvel at the level of effort people put out. Thank you, Thank you, Thank you.

 

[eabishop2]

So a regular 1BR has the same MF as a 1BR Grand or 1BR Plus? If that's the case then yeah, the Gold Season 1BR Grand is better as you get 200 additional points for the same MF. I thought MF was dependent on room type..but I guess 1BR is 1BR, no matter the size, view, floor number, etc.

Yes this is true. My 1BR Grand Plus platinum is worth 7800 points but the maintenayfees are the same $888. Of course the buy-in was significantly more.

 

[Sandy VDH]

I did not realize that all 1 BRs at Elara were exactly the same price in MF regardless if they are Jr 1 BR, Jr 1 BR PLUS, 1 BR Grand or 1 BR Grand PLUS units.

In that case it would always be advisable to find a 1 BR Grand Plus if possible, even tilting toward gold season, but preferably Platinum. That would be better than buying Jr 1 BR in platinum.

Wow, learn something new.

 

[brp]

I did not realize that all 1 BRs at Elara were exactly the same price in MF regardless if they are Jr 1 BR, Jr 1 BR PLUS, 1 BR Grand or 1 BR Grand PLUS units.

In that case it would always be advisable to find a 1 BR Grand Plus if possible, even tilting toward gold season, but preferably Platinum. That would be better than buying Jr 1 BR in platinum.

Wow, learn something new.

This is one unequivocal case where the size of ones unit matters.

Cheers.