HGVC Sea World - Financials Question

[Oceans82]

Hello Everyone,

I just signed paperwork and made a deposit for two 7K point platinum weeks at Sea World for $12,500 on one deed with all seller paid closing costs including activation fees. The maintenance fees are about $2,300/year starting in 2018. What do you think?

As I was reading through the purchase agreement, one of the paragraphs recommended I become familiar with the financials at Sea World. For example, does this property have enough in reserves? Can anyone provide feedback as to their thoughts on the financial health of the Sea World property? I'm in my 10 day recission period presently.

Thanks for everything team!

 

[Talent312]

As an owner at SeaWorld, I can tell you the financials are fine.
The HOA's at HGVC-built resorts are all kept on a tight-leash.
It's been very well maintained & updated, and your MF's show it.
As HGVC's #2 resort (Flamingo is the oldest), it's not going anywhere.

.

 

[Oceans82]

As an owner at SeaWorld, I can tell you the financials are fine.
The HOA's at HGVC-built resorts are all kept on a tight-leash.
It's been very well maintained & updated, and your MF's show it.
As HGVC's #2 resort (Flamingo is the oldest), it's not going anywhere.

.

Thank you for your feedback! I'm feeling good about my purchase.

 

[vegasVIP]

The price for what your getting seems like a great deal and on 1 deed, even better. Congrats!

 

[Oceans82]

The price for what your getting seems like a great deal and on 1 deed, even better. Congrats!

Hilton exercised ROFR

 

[1Kflyerguy]

Hilton exercised ROFR

Sorry to hear that. I had that happen to me earlier this year. Just keep looking and you will find something that works. There is no shortage of timeshares for sale..

 

[Talent312]

... It's a dog-eat-dog world, and HGVC just had lunch.
Now, theyll go resell those weeks themselves for a tidy profit, as if "new."