Need some resale help [Orlando at Tuscany Village through HGVC direct]

[upsetcubsfan]

My wife purchased 2500 every other year (odd years) in Orlando at Tuscany Village through HGVC direct. We will not do that again after seeing the options to purchase resale. Honestly, I do not know a lot about the ins/outs of how these work. We typically go on 3 vacations a year and usually no not plan too far ahead. We go to the HGVC website and see if something is open where we want to stay, if so, we use points (if we have any), if not we just book under 30 days and get a somewhat discounted rate and pay out of pocket. Dumb, I know, but we feel like these resorts are much nicer than staying out a crappy hotel and cheaper (by booking through HGVC under 30 days from check-in).

I am looking into buying resale. Only something like 5000 points every other year with maint fees around $1,000....as you know, you can get these for little of nothing outside of the closing costs.

Any advice or recommendations on how better we could use our current timeshare?

Thanks in advance

 

[jp10558]

What size unit / point costs are you usually seeing? I think there just was an 8000pt contract but I think it was more like $1,600 MFs in Florida, and might go up. Usually we suggest trying to get a platinum deed, but if you don't care about the most points for the least MFs and prefer lower purchase price maybe you can find something like 5000 pts for ~ $1,000 MFs. Craig has some Silver/5600 pts deeds for ~1,200 GBP and that's probably the easiest to get pricing on and probably available right now. MFs are £882.12.

EDIT: If you're into last minute and already have HGVC, and not super picky about the fanciness of the resort, I think you need to get onto RCI through the portal and see about their Extra Vacations and Last Calls for cash deals too. This might make more sense than buying more points that can be hard to use last minute in HGVC.

 

[upsetcubsfan]

What size unit / point costs are you usually seeing? I think there just was an 8000pt contract but I think it was more like $1,600 MFs in Florida, and might go up. Usually we suggest trying to get a platinum deed, but if you don't care about the most points for the least MFs and prefer lower purchase price maybe you can find something like 5000 pts for ~ $1,000 MFs. Craig has some Silver/5600 pts deeds for ~1,200 GBP and that's probably the easiest to get pricing on and probably available right now. MFs are £882.12.

EDIT: If you're into last minute and already have HGVC, and not super picky about the fanciness of the resort, I think you need to get onto RCI through the portal and see about their Extra Vacations and Last Calls for cash deals too. This might make more sense than buying more points that can be hard to use last minute in HGVC.

Appreciate the help!

Who is Craig and how can I get in touch? Guessing the season only matters if you are trying to book at the resort that you have a “deed” for, correct?

Yes, just trying to get the most points within reason for $1000 annually in MF fees. Does HGVC charge you to roll over unused points?

 

[jp10558]

My bad, Craig is referring to the Scotland Property:

Craigendarroch lodges for sale - Craigendarroch Owners' Club

A second home at Craigendarroch Winter Offers From as little as £900* you can own a week in the heart of Royal Deeside. Spend time in your own lodge, surrounded by stunning woodland walks, glorious fresh air and use of the Country Club including swimming pools, restaurant and spa . . . what’s...

www.craigendarroch.com

HGVC does charge to roll over unused points, and you can only do it once. You can also borrow points for free from the next year however.

 

[Reddart]

If you want to get the best use of your points and/or get more points, you really should be booking 9 months ahead to get the best choices of places. Some areas are not as bad (such as Orlando) and you may be able to get what you want in a nearer timeline.

For high demand resorts, you may even need to “walk” a reservation further out from 9 months to get what you want.

For me, I did not get satisfactory reservations with the system until I learned to plan farther ahead.

 

[HuskerATL]

I would avoid a Craig silver week. Those are basically given away since they have higher MF/pt. I would be willing to spend a couple thousand on a platinum week. More points and better MF/pt

Look at total purchase price/pt and MF/pt. We try to only buy weeks that are 0.10 MF/pt or less. That is what you pay forever.

 

[upsetcubsfan]

I would avoid a Craig silver week. Those are basically given away since they have higher MF/pt. I would be willing to spend a couple thousand on a platinum week. More points and better MF/pt

Look at total purchase price/pt and MF/pt. We try to only buy weeks that are 0.10 MF/pt or less. That is what you pay forever.

Looking at only paying closing fees. 5,440 points on odd years with $860 in maint fees. How do I figure out the cost per mf/pt?

 

[GT75]

Only something like 5000 points every other year with maint fees around $1,000....as you know

I wouldn't recommend purchasing some deed with those MFs. I would try to get the ratio < $0.1 /pt Also 5K is too small IMO.

usually no not plan too far ahead.

That is a problem. If you can't plan around 9 month mark even speculative booking then this TS system isn't going to work very well for you.

 

[brp]

Looking at only paying closing fees. 5,440 points on odd years with $860 in maint fees. How do I figure out the cost per mf/pt?

$860/5440 = $0.15/pt. Marginally OK, but not great.

Cheers.

 

[dayooper]

Looking at only paying closing fees. 5,440 points on odd years with $860 in maint fees. How do I figure out the cost per mf/pt?

Divide your MF’s by how many points you get in that year.

 

[brp]

Deleted

 

[upsetcubsfan]

I wouldn't recommend purchasing some deed with those MFs. I would try to get the ratio < $0.1 /pt Also 5K is too small IMO.

That is a problem. If you can't plan around 9 month mark even speculative booking then this TS system isn't going to work very well for you.

@GT75 - can you point me in a good direction of where to purchase resale? My apologies for all of the questions and thanks for all of the replies

 

[GT75]

can you point me in a good direction of where to purchase resale?

Advice on buying Hgvc resale

Hello, rescinded on a 3400 annual points gold at Las palmeras earlier this year. Now looking to buy resale. Probably looking at 5000 points per year. Need to understand next steps on how to buy. I went on redweek and some other resale sites and they are all over the place. One listing is asking...

tugbbs.com

 

[HuskerATL]

Looking at only paying closing fees. 5,440 points on odd years with $860 in maint fees. How do I figure out the cost per mf/pt?

Craig weeks basically have no closing fee so the closing fee and points activation will be about the same cost as buying a Craig. Closing at Craig is 195 pounds and then 347 pound closing fee.

I would get, at least, 7680 points if not closer to 11,200.

The 7680 deeds are a 2 to 3 grand.

Think long term though, points and the long term cost of MFs.

 

[CalGalTraveler]

UK exchange rate is high right now. This is the risk of international timeshares.

Look at Vegas for 11,200 plat weeks at BLVD or Paradise. We are nearing end of year so some owners will be lowering prices to get rid of their deeds before they have to pay 2025 maint fees.

 

[dayooper]

@upsetcubsfan I own 2 Las Vegas 2 bedroom platinum deeds (11,200 points each) and they have been of great value. My next purchase for points will be at Craig, though. Either location would be a good purchase. If you purchase in Vegas, platinum 1 or 2 bedroom deeds at The Boulevard and Paradise, platinum 2 bedroom deeds at The Flamingo and platinum 1 bedroom Grand or Grand plus deeds at Elara are all great MF deals.

 

[GT75]

platinum 1 bedroom Grand or Grand plus deeds

Did you mean this for Elara?

 

[alwysonvac]

.... We typically go on 3 vacations a year and usually no not plan too far ahead. We go to the HGVC website and see if something is open where we want to stay, if so, we use points (if we have any), if not we just bookunit under 30 days and get a somewhat discounted rate and pay out of pocket. Dumb, I know, but we feel like these resorts are much nicer than staying out a crappy hotel and cheaper (by booking through HGVC under 30 days from check-in)...
....I am looking into buying resale. Only something like 5000 points every other year with maint fees around $1,000...

It's not dumb to use Open Season.

Before you buy another week, where do you want to go and what unit size do you want/need? Did you choose 5,000 point every other year based on a specific resort/season?
For example, if you're simply planning to use your points for future stays in Orlando and/or Vegas, it might make sense to continue using Open Season and look at RCI Extra Vacation and RCI Last Call as suggested by jp10558 in post #2.

 

[dayooper]

Did you mean this for Elara?

Yes, I’ll fix it.

 

[weems637]

I try to never have any leftover points. I do this by borrowing from the next year. Also, "walking" a reservation thru during higher demand weeks at midnight, eastern time gives you a little foot up. You can also use hotel points locally to arrive early for a stay, or to add another day.