New owner to be - lots of questions

[VacationForever]

Today, I just went into contract to become a new resale ($0) owner at HGV at Las Vegas Strip (Blvd) - 2BR / 8000 points (Gold). It comes with free 2024 use. I am a MVC and Worldmark owner and dipping my toes into HGV. I have been reading the stickies but there is only so much that I can understand so I am going to ask a few dumb questions:

- How long does the transfer take?
- If the transfer runs into Jan 2025 I think I can pay a fee (about $400) to bank 2024 points into 2025, is that correct?
- How long are banked points good for?
- Once I pay the club fees, can I book at any HGV resort? How far out before it's opened to me to book at a non-home resort?
- Can I borrow from the following year?
- Is deedback still well and alive? I would hate to own something that I cannot give back to the developer.

Our thoughts are that once we get the hang of HGV and if it works for us, we will acquire another 3 to 4 contracts, hopefully in the platinum season, and get rid of our Worldmark contract.

Is there anything that I ought to know about HGV?

Thank you!

 

[ABCTravels]

Congratulations on your deed! I can answer some of your questions and I'll leave the rest to the others.

-Yes you can pay to save your 2024 points and you'll want to do that ASAP when you get access to the account.
-The banked points are good for the next calendar year, so in this case 2025.
-You can borrow from the next year so in your case you could use 24,000 points in 2025.
-You can book at any HGVC resort starting 9 months out (Club window) and the NYC and other Hilton Club resorts have shorter windows.

I think HGVC's site is easy to use and manage your points and once you are on there and play around with it you'll easily figure out how it works to make bookings.

 

[VacationForever]

I am asking the seller to save 2024 points, will those be transferred when the sale closes? Thanks!

 

[HuskerATL]

I am asking the seller to save 2024 points, will those be transferred when the sale closes? Thanks!

Yes.

Look in the stickies for this group at the club rules and other tips, they will help you get started. Also look at the HGVC portal guide to see how to use the system.

Look at #6 and the attachment on this page,

2024 HGVC, HCNY, HGV Max Club Rules, Fees and Tips

2024 HGVC, HCNY, HGV Max Club Rules, Fees and Tips (1) Hilton Grand Vacations Club (HGVC) 2024 Club Rules & Fees & Resorts Club Point Charts and Open Season Rates - Post #2 2022, 2023 and 2024 Fee Change Comparison - Post #3 2022 and 2023 and 2024 Open Season Rate Change Comparison - Post #12...

tugbbs.com

Welcome to the party!

 

[VacationForever]

Thank you! I have been reading... and reading... and reading. Thank you for the excellent information. It is just too much for me to absorb with each reading.

 

[HuskerATL]

Thank you! I have been reading... and reading... and reading. Thank you for the excellent information. It is just too much for me to absorb with each reading.

Yes, it is a lot at first. Once you get into it, it will make more sense

 

[brp]

Yes, it is a lot at first. Once you get into it, it will make more sense

I'm still waiting for that point where it all makes sense...sigh...

But, yes, it will make much more sense in short order. The inscrutable nuances are, realistically, less important.

Cheers.

 

[HuskerATL]

I'm still waiting for that point where it all makes sense...sigh...

But, yes, it will make much more sense in short order. The inscrutable nuances are, realistically, less important.

Cheers.

I have been doing this for over 20 years and still learn things so you don't stop learning but the system side does get easier

 

[dblezard]

I am asking the seller to save 2024 points, will those be transferred when the sale closes? Thanks!

When you get the estoppel document, it should show that the 2024 points are saved to 2025, so you have a way to confirm it happened.

 

[VacationForever]

Thanks. I don't I will get to see the estopel on this one.

 

[linsj]

Thanks. I don't I will get to see the estopel on this one.

Don't pay for it until you see the estoppel. You want to know that what is in the contract lines up with it.

 

[Ianneyan]

Today, I just went into contract to become a new resale ($0) owner at HGV at Las Vegas Strip (Blvd) - 2BR / 8000 points (Gold). It comes with free 2024 use. I am a MVC and Worldmark owner and dipping my toes into HGV. I have been reading the stickies but there is only so much that I can understand so I am going to ask a few dumb questions:

- How long does the transfer take?
- If the transfer runs into Jan 2025 I think I can pay a fee (about $400) to bank 2024 points into 2025, is that correct?
- How long are banked points good for?
- Once I pay the club fees, can I book at any HGV resort? How far out before it's opened to me to book at a non-home resort?
- Can I borrow from the following year?
- Is deedback still well and alive? I would hate to own something that I cannot give back to the developer.

Our thoughts are that once we get the hang of HGV and if it works for us, we will acquire another 3 to 4 contracts, hopefully in the platinum season, and get rid of our Worldmark contract.

Is there anything that I ought to know about HGV?

Thank you!

Banking points is about $100 (I don't recall exact amount), not $400.

 

[GT75]

I don't I will get to see the estopel on this one.

No estoppel, NO DEAL (IMO).

 

[VacationForever]

Banking points is about $100 (I don't recall exact amount), not $400.

If you bank in January for previous year's points, it's $349.

 

[VacationForever]

No estoppel, NO DEAL (IMO).

It's free...

 

[GT75]

It's free...

I assume that you are referring to the TS. I would still require an estoppel (I would pay for it and require it) because that will confirm exactly what you are getting. Otherwise, you won't know until it is transferred into your account.

 

[Talent312]

BTW, you should read the Rules about 3-4 times, end to end.
That will only help some, but then, you'll know where to look.

BTW, they'll be a test, but it's open book. <kidding>