I appreciate this post and certainly like the context. I know I will have to be a little nervous in the future if and when I choose to sell.
I don’t know how this if at all changes your mind but they told me last night that based on the time the sellers are also going to pay the 2024 fees and paid to roll the points over.
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Your point, in so many words is it's a good deal for 2023 and 2024 because it comes with points, it will be a fair deal over the years with sort of high, but not impossibly high MFs, and it will be a bit rough to transfer to someone else in the future. As long as you are clear about the slightly higher (but not terrible) ongoing cost and the hoops you may have to jump through on the back end, it's fine. You know you are accepting an extra good benefit today that may cost you a bit down the road. It just needs to be a "eyes wide open" decision.
And, it's still way better than the likely $30k or likely more that the original buyer paid for it.
The bolded part is missed by many new buyers. The ease at which you can divest yourself is so underrated. Even if it's not an emergency, you still want to be able to sell or give away your deed quickly and easily. When we bought our deeds, they both were a hot commodity. We were able to purchase The Flamingo because we inquired just after the previous deal fell through. We were waiting in the wings and purchased it for a good price ($4500). We could easily get what we paid for out of that Flamingo deed. The Boulevard was bought through a Facebook group and the gentleman was just done with the program. He used it for 15 years, but no longer fit their travel needs. He had 2 very good deeds (2 bedroom platinum deeds and Boulevard and Paradise) and they were taken in minutes after posting them on the group. He was able to not pay anything to get rid of the deeds and I got a great deal on the deed ($2500). If we were to sell now, we would make money off of the deed (close to $3000).
Look, I don't think there is one way to purchase an HGVC resale deed. At least in my case, I'm not trying to say anybody should feel horrible on any purchase. Personally, I would not purchase the deeds mentioned above, but I understand why someone would. Honestly, I wouldn't purchase (or even take one on free) any Florida deed unless I was going to use the week itself. The Florida resort MF's have traditionally been higher and, because of state laws and outrageous insurance rates, will continue to rise more than that of other places (at least that's my prediction). I like the fact that my Vegas properties are not in the salty, humid air, have very low property taxes and, apart from a true natural disaster, not a whole lot that can happen to the properties. I also was very lucky and got very good deals on my deeds. If I were to have bought them at todays rates, I would have spent over $10,000 before any fees or closing costs.
I am not arrogant enough to believe that my thought process is the best and only way to be in the system. There's something to be said for paying as little upfront as you can. Things happen and my deeds that have been easy to get rid of might just not be in the future. I believe that my deeds (and deeds like mine) will retain more value (thus making them easier to divest) than deeds from most other places, but I could be very wrong. Here's the thing, the amount I paid for my deeds have already paid for themselves in some of if not the best vacations my family has had. I got to know my future SiL very well over the vacations and it helped him become part of our family faster. We would have had the same family time whether we purchased in Vegas or Seaworld. We are hyper focused on value here at TUG. We have explored, studied and discussed this system to death. We all have our preferred way to work the system to our advantage. In all reality, the only thing that matters is if you, or anybody else is happy with their purchase. There are people that know the advantages of resale but, for whatever reason, will always buy from HGV directly. I have friends that are that way. They either like the status, are more comfortable with the closing process. are afraid of be scammed, or other reasons. If they are happy than who am I to say they are wrong.
I like having the different ways of purchasing the resale deeds talked about here. New members can be exposed to different ways of purchasing and make their own choice.
