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Is This a Good Purchase? Seeking Advice

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svarma81

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Hey everyone,

I’m considering purchasing a timeshare at Elara, Hilton Grand Vacations and would love to get some feedback before finalizing the contract. Below are the key details from my offer:

Property & Ownership Details:​

  • Resort: Elara, Hilton Grand Vacations (Center Strip, Las Vegas)
  • Ownership Type: Deeded
  • Unit Info: 2 Beds, 2 Baths
  • Usage Type: Annual
  • Season: Platinum
  • Points Allocated: 13,440 points per year
  • Week Assigned: 44-45
  • First Available Usage: 2025
  • Undivided Interest: 1/104

Purchase Price & Fees:​

  • Purchase Price: $2,000
  • Initial Deposit: $1,000 (held in escrow)
  • Closing Costs: $425
  • Service Fee: $349
  • Resort Transfer Fee: $489
  • Estoppel Fee: Included in Resort Transfer Fee
  • Club Activation Fee: $715 (paid directly to HGVC upon closing)
  • Annual Club Dues:
    • Domestic owners: $219
    • International owners: $256
  • Maintenance Fees for 2023: $1,557.68 (subject to change in future)

Other Contract Terms:​

  • Buyer Rescission Period: 10 days to cancel with no penalty
  • First Year of Usage: 2025
  • Buyer responsible for 2026 maintenance fees; seller covers 2025 fees
 
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