My thinking is for under $10K I can certainly secure an annual 7K point platinum TS. I am also dealing with a broker and they are recommending I pay $8K for 7K point platinum TS because HGVC enforcing ROFR.
My ask are:
1. Is my thinking correct on canceling direct purchase offer and going resale?
YES. You will save thousands by buying resale, and you get all privileges retail buyers get, except for Elite Status.
2. Is it true I am unable to add points onto resale TS, if so then I would just buy 7K points TS from the start?.
NO. You can buy as many resale points as your budget will allow, provided you're also willing and able to pay the annual dues that correspond to those points/deeds.
3. Do I really need to purchase 7K point TS for $8,000 so I avoid ROFR? The TUG members have listed many deals for much less?
No one on TUG has reported ROFR being exercised by HGVC from recent sales. However, a reputable broker told me that HGVC is exercising ROFR again. It's up to you and the seller to agree on a price you're both happy with and see if HGVC takes it by ROFR. If HGVC exercises ROFR, the seller still gets their sale price from HGVC, but you the buyer will need to find another resale deed you want to try and purchase. With ROFR, you just keep trying until a price you're comfortable paying goes through. Advice from your broker is helpful, but it's ultimately your decision.
Thank any advice would help...