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Need help with resale and understanding my deeds

Redeye563

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Good afternoon and thanks in advance for your time and any help you can provide.

We have three timeshares that we no longer need/want, two HGVC and one Fiesta Americana. We thought we were going to build up points to a level that the fees/charges were less of a factor relative to the points (according to the high pressure sales pitch), but that never happened and now we don’t travel enough to justify keeping what we have much less getting more. After going through the listings and forums, I found I still don’t know exactly what I have/how to list or what they might be worth now, hopefully something. All three are paid off, current on fees and still have all points available for 2024.

The Fiesta Americana was a 40 year membership at 1600 points for a Gold season Studio Unit at Los Cabos that expires July 2042. Since there is no actual deed, does anything beyond 1600 points and expires in 2042 matter? Would this have more value since the points can be used at Hilton, maybe to push someone over a point level? What would be a realistic asking price if I want to sell this year? 2024 fees were $721.92 total.

The MarBrisa is an ocean view 1BR/1BA unit type B at 6720 (new) points. One paragraph says “Annual float week/floating unit“ and doesn’t mention seasons, and another paragraph says “Float use week during Gold season”. I know it’s just legalese and probably accurate, but… When creating an ad listing, is the beginning/end of the float season all year or just gold season? Does it matter? I didn‘t see any MarBrisa listings, so don‘t know how much to list it for. What would be a realistic asking price if I want to sell this year? 2024 fees were $1385.74 total.

We also have an Elara deed which is a little less convoluted. It’s a One Bedroom Grand EOY Even, Platinum season, at 11,200 points, assigned unit 2023, floating week #11. What does this last part mean? Is it floating or is it week 11? How can it be both? Does it matter? More legalese, WTH? I’ve seen Elara ads and think maybe $4-5000 might be ok, but is it a realistic asking price if I want to sell this year? 2024 fees were $1195.37 total.

We were also thinking about renting them so we don’t completely lose the points this year (we probably won’t travel), but that would affect their resale value so not sure if it’s worth it. Any thoughts on the better option given our current situation?

Again, thank you for any help or advice.
 

jmann

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Resorts Owned
HGVC Sea World
Just a couple of things: buying resale does not help anyone acquire perks or different tiers; you can only rent your home week which should be listed on the website or in your contract. I’m sure you know you will only get a fraction of what you paid back. I’d look at resale Hilton FB pages or call a Hilton resale specialist who can give you a starting point.
 

rickandcindy23

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Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge and Shadow Ridge,Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms(selling); WKORV-OF ,Westin Desert Willow.
I don't really know resale values on anything you are selling, but if you bought direct, you should use what you own and not throw good money away.
 

alwysonvac

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SOLD (DVC, FSRC)
The MarBrisa is an ocean view 1BR/1BA unit type B at 6720 (new) points. One paragraph says “Annual float week/floating unit“ and doesn’t mention seasons, and another paragraph says “Float use week during Gold season”. I know it’s just legalese and probably accurate, but… When creating an ad listing, is the beginning/end of the float season all year or just gold season? Does it matter? I didn‘t see any MarBrisa listings, so don‘t know how much to list it for. What would be a realistic asking price if I want to sell this year? 2024 fees were $1385.74 total.
For Marbrisa, you own a one bedroom that can be reserved for a week during Gold Seasons (weeks 1 -21 and 43 - 50).

Here are some examples of asking prices - click on the following links: JudiK Remax, TUG Marketplace, Redweek
If you want to get rid of it quickly, I suggest trying to give it away on the TUG Free Timeshare Forum (link)

NOTE: HGVC membership doesn't transfer with resale (based on the discussion in this April 2024 thread - link).

1724020957590.png


The following is from a very old webpage (link)
  • Type B describes the unit type of a one bedroom
  • Float means not Fixed.
1724020053863.png
 

alwysonvac

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WORLDMARK, HGVC, VISTANA

SOLD (DVC, FSRC)
We also have an Elara deed which is a little less convoluted. It’s a One Bedroom Grand EOY Even, Platinum season, at 11,200 points, assigned unit 2023, floating week #11. What does this last part mean? Is it floating or is it week 11? How can it be both? Does it matter? More legalese, WTH? I’ve seen Elara ads and think maybe $4-5000 might be ok, but is it a realistic asking price if I want to sell this year? 2024 fees were $1195.37 total.
You own a one Bedroom Grand every other EVEN year that can reserved for a week during Platinum Season (week 7-22, 35- 45, 51-52).
Your week and unit number are not fixed. It's just provided for legal purposes.
HGVC Membership transfers with Resale. Your Elara week has some value since it can be booked during the popular times of the year: Spring, Fall, Christmas and New Years Eve.

Here are some examples of asking prices - click on the following links: JudiK-Remax, Redweek, TUG Marketplace
You'll see resale prices all over the map:
  • Extremely high prices (from sellers with unrealistic expectations of getting back their purchase price and/or falsely believing the value should have risen (not significantly fallen over time))
  • Middle of the road prices (from folks who have accepted that they need to be the lowest or one of the lowest if they're going to beat out the others for a buyer)
  • Extremely low prices (from desperate sellers who simply want out and/or 3rd parties that already made their money from folks who paid thousands to take it off their hands)
TIP: It's a buyer's market (lots more sellers than buyers). If you want to sell this quickly, you'll want to offer one of the lowest prices for your point value.

1724022117163.png
 
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CalGalTraveler

TUG Review Crew: Veteran
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Try looking on ROFR.net to see what these deeds have sold for. ROFR.net are rock bottom prices FWIW but should give you an idea if you want to sell quickly.

You can also look on ebay.com and search for your units that have sold for the past several months.
 

Redeye563

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Thanks everyone for the info, insights and suggestions. I feel like I have a direction now and can at least make an informed decision.
 

GT75

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The Fiesta Americana was a 40 year membership at 1600 points for a Gold season Studio Unit at Los Cabos that expires July 2042. Since there is no actual deed, does anything beyond 1600 points and expires in 2042 matter? Would this have more value since the points can be used at Hilton, maybe to push someone over a point level? What would be a realistic asking price if I want to sell this year? 2024 fees were $721.92 total.
FA is RTU.
 

Redeye563

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Am I crazy or does the Security Interest paragraph in the attachment say I can walk away from this timeshare without penalty simply by not paying the maintenance fee? It’s paid off.

I’m not a fan of defaulting on something so that it might hurt my credit, but this doesn’t look like that to me.
 

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Redeye563

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Right to Use.
Does that mean anything more than no deed because of property ownership laws? I see you’re a FAVC owner. Are you familiar enough with them to answer my previous post? I was editing while you answered the first version.
 

GT75

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GT75

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About the security interest paragraph.
First off, I am not a lawyer nor do I have any background in that field. However, I have read many posts concerning Mx TS that are RTU. You don't own anything. I read the document that you posted and they take it back when you haven't paid after 60 days. I would suggest posting in the Mx forum your question.
 

Redeye563

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First off, I am not a lawyer nor do I have any background in that field. However, I have read many posts concerning Mx TS that are RTU. You don't own anything. I read the document that you posted and they take it back when you haven't paid after 60 days. I would suggest posting in the Mx forum your question.
Will do. Thx
 
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