Hilton resale

[haras]

When buying a resale Hgvc, what does the buyer have to pay to Hgvc for the initiation fee? Do they normally exercise rofr for a 5200 gold contract if it’s free?

 

[GT75]

Do they normally exercise rofr for a 5200 gold contract if it’s free?

Depends where. If it is SC properties then I would expect that they would.

When buying a resale Hgvc, what does the buyer have to pay to Hgvc for the initiation fee?

If it is an enrolled property then:

• $460 resort transfer fee
• $655 HGVC activation fee
• $199 club dues (if this is their first HGVC property)

 

[SChiam]

Depends where. If it is SC properties then I would expect that they would.


If it is an enrolled property then:

• $460 resort transfer fee
• $655 HGVC activation fee
• $199 club dues (if this is their first HGVC property)

new owner of Hilton Elara resale, I paid $460 Resort transfer fee through escrow. I currently have online access and don’t see the $655 HGVC activation fee due. I wonder when does HGVC going to charge me for that fee? When I make my first reservation?

 

[dayooper]

new owner of Hilton Elara resale, I paid $460 Resort transfer fee through escrow. I currently have online access and don’t see the $655 HGVC activation fee due. I wonder when does HGVC going to charge me for that fee? When I make my first reservation?

Usually a couple of weeks after your account is set up.

 

[GT75]

Correct, I would say about 3 weeks. No need to worry, HGVC won’t forget to bill you.

 

[tourproto]

Depends where. If it is SC properties then I would expect that they would.


If it is an enrolled property then:

• $460 resort transfer fee
• $655 HGVC activation fee
• $199 club dues (if this is their first HGVC property)

Man I love this site

Just bought a Hilton resale and saw that I paid the $460 resort transfer fee, and now Hilton is asking for the $655 activation fee and $199 club dues. I just wanted to be sure that something didn't get messed up in escrow, and that I wasn't paying for something that should have been taken care of in escrow.

Hilton sure does have a lot of "mickey mouse" fees involved in buying on the secondary market...

But I got a screaming good deal and will already be using my points immediately.

 

[PigsDad]

Man I love this site

Just bought a Hilton resale and saw that I paid the $460 resort transfer fee, and now Hilton is asking for the $655 activation fee and $199 club dues. I just wanted to be sure that something didn't get messed up in escrow, and that I wasn't paying for something that should have been taken care of in escrow.

Those look like legitimate fees, unfortunately. But congrats on your deal!

Kurt

 

[GT75]

and now Hilton is asking for the $655 activation fee and $199 club dues.

I am dealing with a broker currently that also hasn't stated these fees will occur after the sale. I would be concerned if I got a bill later also. The broker might not even realize there are additional fees.

 

[SFTechGeek]

And if you buy Marriott resale, they charge minimum of $3K or $3/pt. Ouch, that’s $6K for 2000 points. Of course, the point structure is different than HGV. That's what is making me stick with Hilton.

 

[SFTechGeek]

I am dealing with a broker currently that also hasn't stated these fees will occur after the sale. I would be concerned if I got a bill later also. The broker might not even realize there are additional fees.

But what are you paying the broker for if they don't know about those fees? Aren't you paying for their expertise?

 

[SFTechGeek]

When buying a resale Hgvc, what does the buyer have to pay to Hgvc for the initiation fee? Do they normally exercise rofr for a 5200 gold contract if it’s free?

I thing, for us, 5200 is just not enough points. I started doing an analysis and there are many listings out here there. Two ratios seem the most important, cost/pt and MF/pt.

 

[GT75]

But what are you paying the broker for if they don't know about those fees?

Super cheap resale purchase and they also have low broker fees. I already know the fees.

 

[dayooper]

But what are you paying the broker for if they don't know about those fees? Aren't you paying for their expertise?

Supposedly, but there are some brokers that are experts with HGVC or they neglect to tell you as they are afraid to lose the same.

When I was looking to purchase 2 years ago, I had a well known broker try and sell me 2 at that time 3500 point Elara studio plus deeds for more than what I wanted to pay a 2 bedroom platinum (but considerably less than what they were selling for). The broker neglected to mentions the MF’s would have been $400 a year more and the extra Hilton fees ($1100 at the time) plus’s the extra $400 for the second deed prep would have put the cost over what they were selling the 2 bedroom platinum for. I went ahead and found my own for less than what I was asking her to find. They knew it, but didn’t want to tell me everything so I would purchase through them.

 

[SFTechGeek]

What's done is done. But I agree, they may be afraid to lose the sale. I was a bit… upset when I bought a one year deed and come to find out, it was an even AND an odd year contract. So although I get the full year, I had to pay 2 activations from Hilton. It was weird because it was treated as 2 contracts but only one deed went through escrow. Didn’t understand until signing up with Hilton. Maybe that's how they do it at Bay Club Waikoloa. I fully understand the frustration you have when you deal with someone who is not forthright with all the information, not just in timescale sales, with life in general.

 

[CalGalTraveler]

Well...the brokers have to get rid of those dogs in their inventory somehow. That is why they are hired. Buyers still need to do their homework. Brokers are more honest than the TS Sales people but they have motivations as well.

Don't simply rely on the broker. Research on TUG, ask questions, and know what you want to buy. Ask to see the estoppel (or a print out of the deed info (season, points, week, unit type, unit number, maintenance fee payment copy). If the estoppel is not ordered yet, make your offer contingent on clean title, estoppel as described, and no outstanding balance on mortgage or maintenance fees beyond the property description.

Since, you have already performed your research, you can save on broker fees if you buy directly from an owner and use a legit independent third-party closing group like LT TRansfers or Resort Closings.

The other thing to bear in mind is the Use Year. Sometimes those cheap deeds require you to pay current year MF on the existing year points. That's more cash out of your pocket for restricted points, so that cheap deed may end up costing more than a slightly higher priced deed that has next year usage.

Sometimes the broker has a hard to find unicorn but you have to know what you are looking for and reach out to them.

 

[tourproto]

Those look like legitimate fees, unfortunately. But congrats on your deal!

Kurt

I bought through Redweek. 1 platinum week at the LV Flamingo 11,200 points for $4500 and it had 1/2 year of points from 2022 saved as well. I just used the saved points for 4 nights in a corner room at the Trump LV (wanted to try it out and see if it lives up to the hype), and planning to spend Dec 23-26 at the Elara in a 2bdrm Grand Plus and will still have 2023 points left over that I will roll over into 2024.

I am dealing with a broker currently that also hasn't stated these fees will occur after the sale. I would be concerned if I got a bill later also. The broker might not even realize there are additional fees.

So I looked back through the contract with Redweek and TBH, it said there were other fees that the buyer would be responsible for, but they didn't state the amount (which they should know IMHO) but it is what it is. $1100 annual MF is totally worth it to get up to 14 nights in LV.

Will probably never book a "home" week. I got the timeshare just so my wife and I can visit her brother who just retired there, but not have to stay at their house.

 

[tourproto]

And if you buy Marriott resale, they charge minimum of $3K or $3/pt. Ouch, that’s $6K for 2000 points. Of course, the point structure is different than HGV. That's what is making me stick with Hilton.

I am NOT a fan of Marriott and I hate that they took over Vistana (Sheraton/Westin). I think the Westin properties are awesome and thanks to the folks on this site, I have 3 WKV weeks already and was looking to get 3 more for retirement so that my wife and I can snowbird in Scottsdale.

So far I have been able to book my 1 bedroom premiums in back-to-back-to-back weeks without a problems (I was worried that they shenanigans they are doing with Club Points was going to let Marriott people book a month ahead of me...) and I have been able to use the remaining ~18 days to stay in Hawaii (Maui or Kauai).

The Westin purchases have been much more straightforward. A lot less fees than Hilton (but also a lot more $$$ for the week, $4500 vs $12k).