Hyatt Coconut Plantation Resort purchase advice

[Sugarcubesea]

Hyatt bought back a $4200 1880 pt BeachHouse so we ended buying one for 5,600 but the seller paid closing costs. Unexpectedly Hyatt upgraded it to 2200 pts so it ended up a decent deal. We never have used our set week however so appreciate our lower maintenance fees at Pinon Pointe

Wow, that is so cool that the unit you bought got upgraded to 2200 pts. I think you got a great price on your week, since I had just bought a summer week at my favorite resort Pinestead Reef that summer, I had less disposable vacation money to use... I thought all I could do is try to get one for $4K and if it did not happen --oh well... I was happy that I got lucky and my seller also paid closing fees...

My goal is when I'm done using this week, I hope I can sell it for what I paid and then I will be happy...

 

[win555]

Just so everyone knows, I got this price in late 2018. I do not know if a Diamond unit at Beach House can be had for that price today.

In the later half of 2018, when I saw that many Hyatt's were not getting ROFR'd, I intensified my quest to purchase a Diamond week. I looked at every site that was selling the week and location I was looking for and made $4K offer's. It took about 3 months to get someone to accept my offer and then because the broker had no clue what he was doing, it took like 3.5 months to get it in my name in first quarter 2019 but that's a whole other story LOL

Hyatt was very nice and helped me use my points in 2019 because of how late this unit got into my name. My only negative with my Hyatt ownership is that after Marriott purchased ILG, the MF's went up and enormous amount.

I made a low offer on a 2k Coconut plantation week. Broker said the owner was insulted by my offer and declined to provide a counter offer. At least I'm happy to know I didn't offer too much .

 

[Anthony Schmid]

I hope you have a lot of free time on your hands because this is the response you will be getting. Lately, the lowest Diamond week I have seen is in Windward Point in Key West for 5K. The only Diamond week you will get for your price is in Puerto Rico.

 

[Sugarcubesea]

I made a low offer on a 2k Coconut plantation week. Broker said the owner was insulted by my offer and declined to provide a counter offer. At least I'm happy to know I didn't offer too much .

I had the same experience, I had many brokers tell me there client would never accept such a low offer and I had to remind them (since I was a realtor for many years) that they have to submit my offer. The one I was able to snag for $4K was after the broker telling me that their client would not accept my low offer and I countered with, totally understand but this unit has been for sale for 4 years at this very high price point. The brokers client came back and took my offer because it was December and they did not want to pay another years worth of MF's for something they had not used in years....

I would really start to make your offers in late November, early December as folks don't want to pay another year of MF's. I do feel for a Diamond week that you will need to offer between $4K and $5K to ensure that the client accepts and that Hyatt does not ROFR.

Don't give up keep making offers.

 

[win555]

I had the same experience, I had many brokers tell me there client would never accept such a low offer and I had to remind them (since I was a realtor for many years) that they have to submit my offer. The one I was able to snag for $4K was after the broker telling me that their client would not accept my low offer and I countered with, totally understand but this unit has been for sale for 4 years at this very high price point. The brokers client came back and took my offer because it was December and they did not want to pay another years worth of MF's for something they had not used in years....

I would really start to make your offers in late November, early December as folks don't want to pay another year of MF's. I do feel for a Diamond week that you will need to offer between $4K and $5K to ensure that the client accepts and that Hyatt does not ROFR.

Don't give up keep making offers.

The budget I have set for myself is $6k for diamond, $4k for platinum. Not going to bother with gold and lower in this market.

 

[Sugarcubesea]

The budget I have set for myself is $6k for diamond, $4k for platinum. Not going to bother with gold and lower in this market.

I think you have set a very realistic budget and I feel if you are diligent you will score a Hyatt for your price point...good luck and let us all know when you get something...

 

[dahntahn]

Why not call Bill Gabrielli, He is highly respected in the Hyatt resale department. He has a lot of Hyatt inventory.View attachment 23821

I agree and have dealt with Bill, who is currently selling a couple of Hyatt weeks for me. Very experienced with Hyatts, super communicator.

 

[Family_travel]

If you want to go there in the summer then you can buy a week (resale!) that works for you. You have a booking advantage the week you own (including the exact unit number) between 12 and 6 months out and can book part of your week also (2 or 4 days assuming you buy a deeded week resale - do NOT buy a points week ). If you book a partial week you will get the remaining points to spend and can used them in Interval or for internal Hyatt exchanges. This is the advantage of owning where you want to go.

Here is a link to a great website - you can look up the points chart among other things. I think summer weeks there are bronze and silver depending on the week.what

Kal's-Hyatt Residence Club

Information about the Hyatt Residence Club including HVC System, Points and Key West Resorts.

www.bywindkal.com

thanks

 

[GTLINZ]

I agree and have dealt with Bill, who is currently selling a couple of Hyatt weeks for me. Very experienced with Hyatts, super communicator.

I can also vouch for Bill.