HGVC's Deed Back Process

[AJtraveltime]

A two bedroom silver season week will be hard. Perhaps try offering saved point and this year's points for free with free closing on the TUG Free Forum and Redweek.

Update: Try the Facebook page for HGVC Resales first (see link in post #294)

I posted on the Free forum; we'll see if any interest

 

[alwysonvac]

I posted on the Free forum; we'll see if any interest

I sent you a private message.

 

[hgvcowner_2012]

Interesting that you can't sell these for anything, yet people are buying new for 10s of thousands of dollars.

 

[Eric B]

Interesting that you can't sell these for anything, yet people are buying new for 10s of thousands of dollars.

Information asymmetry in sales is a powerful thing.

 

[Panina]

Interesting that you can't sell these for anything, yet people are buying new for 10s of thousands of dollars.

It comes down to an educated consumer. Those who buy from a developer have no clue that most timeshares have no value. Most resale buyers have educated themselves and know the difference (thanks to TUG).

 

[nigel_tufnel]

Hello all. I'm new to this forum. I'm trying to help my father get out of his HGV timeshare in NYC. He had it listed on the re-sale market thru HGV, but no offers, so he approached HGV about doing a deed back. They replied with a shakedown - I mean "offer" - of having my father pay $4200 to tranfer the deed back to HGV! Has anyone else have this experience? My (probably naive) belief that he could just return the timeshare to HGV without any additional fees/charges/etc. My father is up to date on HOA fees and has no loans outstanding. Any advice would be GREATLY appreciated. Thanks!

 

[HuskerATL]

Hello all. I'm new to this forum. I'm trying to help my father get out of his HGV timeshare in NYC. He had it listed on the re-sale market thru HGV, but no offers, so he approached HGV about doing a deed back. They replied with a shakedown - I mean "offer" - of having my father pay $4200 to tranfer the deed back to HGV! Has anyone else have this experience? My (probably naive) belief that he could just return the timeshare to HGV without any additional fees/charges/etc. My father is up to date on HOA fees and has no loans outstanding. Any advice would be GREATLY appreciated. Thanks!

It would be great if you could just give it back but nope. You can list it here in the TUG marketplace and/or in the HGVC resale FB group here, https://www.facebook.com/groups/1047361228780071/?ref=share&mibextid=NSMWBT

And then use LT Transfer to do the closing, https://www.lttransfers.com/

 

[GT75]

Hello all. I'm new to this forum. I'm trying to help my father get out of his HGV timeshare in NYC.

Tell us what he owns, please try to be specific with resort (Central at 5th), room size, season, points and MFs. Hopefully some of our members familiar with NYC resorts can give you advice. If it doesn’t have any value, you could try giving it away free in the free TS forum.

 

[iftravel]

Hello all. I'm new to this forum. I'm trying to help my father get out of his HGV timeshare in NYC. He had it listed on the re-sale market thru HGV, but no offers, so he approached HGV about doing a deed back. They replied with a shakedown - I mean "offer" - of having my father pay $4200 to tranfer the deed back to HGV! Has anyone else have this experience? My (probably naive) belief that he could just return the timeshare to HGV without any additional fees/charges/etc. My father is up to date on HOA fees and has no loans outstanding. Any advice would be GREATLY appreciated. Thanks!

Does HGV even have an “official” re-sale market and actually help you list on it? I’m curious to take a look at that website and listings or is it just another hoax?

What I mean is if you offer low enough (like $1), you should get interest just like giving it away here. But I doubt HGV will be in business if they do list resales for you.

 

[HuskerATL]

Does HGV even have an “official” re-sale market and actually help you list on it? I’m curious to take a look at that website and listings or is it just another hoax?

What I mean is if you offer low enough (like $1), you should get interest just like giving it away here. But I doubt HGV will be in business if they do list resales for you.

They do have a resale department but send them to brokers to be sold.

 

[iftravel]

They do have a resale department but send them to brokers to be sold.

So what kind of fees do they collect upfront and after sales? It must be more than $4200 to make any sense and are you allowed to list for $1 with them?

And which broker is HGV sending them to? Never heard such but again if this “official” broker can do more like granting you elite qualifying status, it can be a good venue for someone pursing it.

 

[HuskerATL]

So what kind of fees do they collect upfront and after sales? It must be more than $4200 to make any sense and are you allowed to list for $1 with them?

https://d1m2ucn09z2f8d.cloudfront.net/static/documents/a9b02036-2c0e-4715-a3be-a4da96df6b26/hilton-grand-vacations-resale-process-frequently-asked-questions.pdf

 

[iftravel]

https://d1m2ucn09z2f8d.cloudfront.net/static/documents/a9b02036-2c0e-4715-a3be-a4da96df6b26/hilton-grand-vacations-resale-process-frequently-asked-questions.pdf

Thanks for the link but I’m actually very doubtful and curious if anyone has real experience and successful stories.

 

[HuskerATL]

Thanks for the link but I’m actually very doubtful and curious if anyone has real experience and successful stories.

I know Judi sells resale for them so you could reach out to her with questions about the process. They basically just match sellers to brokers

Timeshare Professionals Inc Buy and Sell Timeshares

Trusted experts in timeshare resale and purchase. Explore listings, resources, and guidance to buy or sell your timeshare with confidence.

www.timeshareprofessionals.com

 

[nigel_tufnel]

Tell us what he owns, please try to be specific with resort (Central at 5th), room size, season, points and MFs. Hopefully some of our members familiar with NYC resorts can give you advice. If it doesn’t have any value, you could try giving it away free in the free TS forum.

Yes, he owns at The Central at 5th, owns a "Studio Premier Plus", deeded, 20,190 annual points, platinum season, maintenance is $2560/yr.

 

[Reddart]

That is a good deed. I would think someone here on TUG would want it.

 

[ZacharyBattles]

Yes, he owns at The Central at 5th, owns a "Studio Premier Plus", deeded, 20,190 annual points, platinum season, maintenance is $2560/yr.

It appears the ownership is currently listed through HGV’s Internal Resales at $25,000.00. If your father is hoping for a quicker sale, I’d recommend reducing the price significantly - around $15,000.00 would be a strong starting point. From there, I’d suggest remaining flexible on price, as this may help generate additional interest and lead to a faster sale.

Additionally, reaching out to other resale brokers who do not charge upfront fees could provide added market exposure and improve the chances of finding a buyer.

 

[iftravel]

It appears the ownership is currently listed through HGV’s Internal Resales at $25,000.00. If your father is hoping for a quicker sale, I’d recommend reducing the price significantly - around $15,000.00 would be a strong starting point. From there, I’d suggest remaining flexible on price, as this may help generate additional interest and lead to a faster sale.

Additionally, reaching out to other resale brokers who do not charge upfront fees could provide added market exposure and improve the chances of finding a buyer.

Yeah I don’t understand why HGV asks for 4200 to take it back, too greedy! I’m not that greedy, I will take it if it’s totally free! lol.

 

[nigel_tufnel]

It appears the ownership is currently listed through HGV’s Internal Resales at $25,000.00. If your father is hoping for a quicker sale, I’d recommend reducing the price significantly - around $15,000.00 would be a strong starting point. From there, I’d suggest remaining flexible on price, as this may help generate additional interest and lead to a faster sale.

Additionally, reaching out to other resale brokers who do not charge upfront fees could provide added market exposure and improve the chances of finding a buyer.

Thanks for that feedback. Yeah, he's stubborn and insisted on an un-realistic listing price when he listed it last year, but I will work on getting him to reduce the listing price (and being flexible on listening to offers). I reviewed the listing agreement that he signed, and it appears to be an "exclusive" listing thru HGVC resales/ReMax Properties SW, but that expires at the end of October.
If anyone wants to contact Judy at Re/Max and make an offer, don't let the listing price deter you. We will entertain all offers. Thanks.

 

[ZacharyBattles]

Yeah I don’t understand why HGV asks for 4200 to take it back, too greedy! I’m not that greedy, I will take it if it’s totally free! lol.

Same here! But at the end of the day, this forum is about helping owners get the most value out of their ownership—whether that’s through usage, rental, or resale. By the way, you’re not giving away your Aulani ownership for free, are you?

Thanks for that feedback. Yeah, he's stubborn and insisted on an un-realistic listing price when he listed it last year, but I will work on getting him to reduce the listing price (and being flexible on listening to offers). I reviewed the listing agreement that he signed, and it appears to be an "exclusive" listing thru HGVC resales/ReMax Properties SW, but that expires at the end of October.
If anyone wants to contact Judy at Re/Max and make an offer, don't let the listing price deter you. We will entertain all offers. Thanks.

It looks like the listing expires on October 3rd. You might consider reaching out to other brokers who don’t require an exclusive listing in case it doesn’t sell before then. HGVC’s internal resale program is still a good option since several brokers, myself included, utilize the list. That said, most brokers tend to prioritize the inventory they have active listing agreements for, rather than properties that come directly from Hilton’s list.

Best of luck!!

 

[iftravel]

Same here! But at the end of the day, this forum is about helping owners get the most value out of their ownership—whether that’s through usage, rental, or resale. By the way, you’re not giving away your Aulani ownership for free, are you?



It looks like the listing expires on October 3rd. You might consider reaching out to other brokers who don’t require an exclusive listing in case it doesn’t sell before then. HGVC’s internal resale program is still a good option since several brokers, myself included, utilize the list. That said, most brokers tend to prioritize the inventory they have active listing agreements for, rather than properties that come directly from Hilton’s list.

Best of luck!!

Are you a broker?

 

[GT75]

HGV’s Internal Resales

How do I see what is listed there?

 

[HuskerATL]

How do I see what is listed there?

Does Judi's MLS page show that?

 

[Ripper 7]

Thanks for the link but I’m actually very doubtful and curious if anyone has real experience and successful stories.

All they do is play dumb & bounce you from department to department that gives you no answers

 

[brial05]

Hilton does not have their own "Internal Resales".

a.) To be clear if they take a unit back or have one in their inventory that is simply a 'sale'.

If you are talking about Hilton selling it 'for you', they do not do that, they are not allowed due to 'a' above.

What they will do if you ask them to help you sell it walk you through a process that ends up with Judi K and others who will be responsible for listing your unit and trying to sell it for you.

When working with Hilton, they will ultimately help you to end up here at this site, any Broker listed here selling a unit is directly working with Hilton but they do not work for Hilton:

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Last I checked there were 1780 listings, some a cheap as 0 dollars, some crazy expensive; seller sets the price not Hilton (that would be illegal).

Now regarding the Surrender ( do not call it Deed Back ) I am hearing there is now a formula that is essentially double the maintenance and it is not absolute; they 'may' take your unit from you, they may not.

I was lucky enough that my process was free BUT take a look at those 1780 listings now.
See how CHEAP some are and ask yourself how or why would you pick MLS unit A for $100 over MLS unit B for $100 in the same resort?
Point being even at those cheap prices you have to be lucky.

Tell the Brokers you want 7680 points for less that X dollars they have MANY. Hilton has no say in 'which' unit they push.

So last point being, if you need out of your property and if Hilton wants 2x maintenance to take a unit from you; I would give them the money.