New to HGVC,

[mopee46]

What does "bought 2400 gold pts every year". I know what every year is but the Gold part is baffling.

M

 

[CanuckTravlr]

It refers to the "season", whether bronze, silver, gold or platinum. Other than that, the points are points and can be used for any booking. The difference is that the higher the season, the more points it takes at a particular resort to book the same unit type. For your home resort, it will also determine what season you can use, if you are booking a "Home Week" reservation. For Home Week reservations, you must book your full week's points in the unit-type that you own, in the season that you own. The advantage of a Home Week reservation is that it can be made as far out as 12 months in advance, rather than at 9 months for a regular Club reservation. You can find this (and much more) on the HGVC website under the "Club Rules".

 

[Wright17s]

Basically Gold represents the "season"... Platinum is peak, followed by Gold, Silver and Bronze. Not all resorts have all seasons, and Platinum season is different for each resort ( think a ski week at Valdoro or Sunrise vs. a spring break week in Florida vs. summertime in Hawaii ).

This is a good document to read/reference: 2021 Points and Open Season Rates booklet. It has all of the point and season charts for each resort, as well as the week #'s for each season.

 

[mopee46]

OK I understand the seasons, Platinum, etc, what I don't understand is when I see "4,200 HGVC Points, One Bedroom Plus, Gold Season".
But maybe I am understanding, this offer is for "4,200 Points and In "Gold season", that will rent a "One Bedroom Plus" for a week at the resort this offer is for??
The same 4,200 points could rent a week in a One Bedroom Plus in Platinum season?

Correct?

M

 

[PigsDad]

OK I understand the seasons, Platinum, etc, what I don't understand is when I see "4,200 HGVC Points, One Bedroom Plus, Gold Season".
But maybe I am understanding, this offer is for "4,200 Points and In "Gold season", that will rent a "One Bedroom Plus" for a week at the resort this offer is for??
The same 4,200 points could rent a week in a One Bedroom Plus in Platinum season?

Maybe this will help. In HGVC, you don't buy points, you buy a week at a particular resort, in a specific season (Platinum, Gold, etc.), and a certain room size and classification(1BR Plus, in this case). Based on that, the week is worth a certain number of points based on the charts in @Wright17s post above.

So, for example, if you see a "2BR Gold Season at Parc Soleil" advertised, using the chart you will see that it is worth 5000 points. And a "2BR Plus Platinum season" (same resort) would be 8400 points (again, using the chart).

A little more clear?

Kurt

 

[Magus]

It basically means you can book your points for that same room you own for a full week in the same *season* you own. The weeks for each season will vary by resort but golds are normally 40-50% of the weeks of the year for most resorts. If you change the room type, season or number of days you are looking at a club booking and not a home week with a lot more variability. If you are signed into your account on your PC or laptop, you can easily see each resorts weeks by season and points for a week/day by room type.

No, you would not be able to get the same room in platinum season since, one, for starters it’s not the season and two, platinum weeks always require more points. Best you could do would be 5-6 nights In platinum week and you’d have to wait till 9 months not 12 with home week and pay a $59 club res fee

 

[dayooper]

OK I understand the seasons, Platinum, etc, what I don't understand is when I see "4,200 HGVC Points, One Bedroom Plus, Gold Season".
But maybe I am understanding, this offer is for "4,200 Points and In "Gold season", that will rent a "One Bedroom Plus" for a week at the resort this offer is for??
The same 4,200 points could rent a week in a One Bedroom Plus in Platinum season?

Correct?

M

Where the season and room designation really comes into play is how many points you get for your MF’s. HGVC sets their MF‘s are based off of room size. That same 1 bedroom plus you reference above in the platinum season is worth 6200 points. Here’s the kicker, if those two weeks were at the same resort, the MF’s would be exactly the same. HGVC sets their points based off of how desirable that week is. The more desirable the the week, the more points you get when you make a cub reservation (not your hone week).

Here‘s an example. At Ocean 22, the MF’s for a 1 bedroom are $792.46. Those MF’s would be the same no matter the season or room designation. At Ocean 22 there are 2 types of rooms: standard and ocean front. The oceanfront rooms are the plus designations. So the point totals from those weeks range anywhere from 2400 for a silver season 1 bedroom to 6200 for a platinum plus. Each of those rooms would have MF’s in 2021 set at $792.46. So, for the same amount of MF’s you pay, you get 2.5 times the points to make club bookings with. In the example above, if all you had were the 4200 points from the gold season, you could not make a club reservation for a full week in the same room in the platinum season. You would be 2000 points short. You could make a shorter reservation or borrow points from the next year to have enough to make that reservation. You could also book a standard 1 bedroom (4800 points) and borrow less points to make the reservation.

The trade off is the buyin price. The platinum season are more costly to purchase as you get more vacation for your MF buck.

 

[DazedandConfused]

What does "bought 2400 gold pts every year". I know what every year is but the Gold part is baffling.

The baffling part is why would anyone want to buy only 2,400 points in gold season as there is not much you can do with 2,400 points

 

[GT75]

The baffling part is why would anyone want to buy only 2,400 points in gold season as there is not much you can do with 2,400 points

Correct statement but as you know, many times that is what the developer will sell to someone as their initial purchase.

 

[presley]

Your first post says 2400 points and then your next post says 4200 points. Which is it?

At any rate, you have the option of booking exactly what you own (a gold week at the resort your purchase is deeded to) or you can use the points for any other resort for any time period, provided you can find what you want within a 9 month booking window.

 

[Talent312]

While the technical aspects of HGVC may be difficult for newbies to fathom,
its not a good idea to buy HGVC without an understanding of the seasons.
.

 

[mopee46]

OK here is what I bought;
2,400 Club Points,
Recurring, every year
Season, Gold
Type 1, -Studio Reg
Occupancy Period, Annual Unit Week,
Recurring Occupancy Right, every year
Starting 2021.

Now I did this because I don't intent to use the points, they gave me a bunch (8,700), but rather I plan on using the timeshare to book 2-3 bedroom units at 30 days for cash.
I am not planning on owning a bunch of points and paying a lot of HOV's, I just wanted to hold enough to use cash within the 30 day window.

However I may add to my HGVC points by buying resale, hench all the questions.

What are, is , MF's?

Thanks
M

 

[brp]

"4,200 HGVC Points, One Bedroom Plus, Gold Season".

The same 4,200 points could rent a week in a One Bedroom Plus in Platinum season?

Correct?

Didn't see this particular point addressed. This is not correct. a One Bedroom Plus in Platinum Season would require more points than a One Bedroom Plus in Gold Season. This is another facet of Seasons. The same room type is worth/requires more points in Platinum versus Gold. But the MFs (Maintenance Fees) are the same as that's based on room size and not Season.

Cheers.

 

[brp]

OK here is what I bought;
2,400 Club Points,
Recurring, every year
Season, Gold
Type 1, -Studio Reg
Occupancy Period, Annual Unit Week,
Recurring Occupancy Right, every year
Starting 2021.

Now I did this because I don't intent to use the points, they gave me a bunch (8,700), but rather I plan on using the timeshare to book 2-3 bedroom units at 30 days for cash.
I am not planning on owning a bunch of points and paying a lot of HOV's, I just wanted to hold enough to use cash within the 30 day window.

However I may add to my HGVC points by buying resale, hench all the questions.

What are, is , MF's?

Thanks
M

First, MFs are what you are calling HOVs. They are annual Maintenance Fees.

Second, this approach may not be the best, economically, With changes in Cash rates, it could actually be cheaper to own appropriate points, pay MFs and book using the points.

Cheers.

 

[presley]

Now I did this because I don't intent to use the points, they gave me a bunch (8,700), but rather I plan on using the timeshare to book 2-3 bedroom units at 30 days for cash.

I understand what you are going for. As long as you are very flexible with dates, resorts, etc, this may work out for you. If you plan to stay more than 2 nights, you may need to change rooms or resorts during the stay.

 

[Talent312]

You may want to check both HGVC and Hilton Hotels for the unit you want.
Sometimes, it's actually cheaper to book the same unit as a hotel-stay...
and thru the hotel website, you do not have to pre-pay for the booking.
.

 

[mopee46]

We own about 1,000 Disney Vacation Club, DVC, points at 4 different resorts, and pay almost $7200/yr in MF's or HOA fees. Hate cold weather, we are getting older, 72 and 74. Planning on retireing in few years so this way we can reduce our yearly HOA/MF's and still stay warm.
I have been a planner, 11-7 months out, this will be a new experience. Really short term planning. Could be really wild.

The below is from the,
CLUB REFERENCE 2021
CLUBPOINTS AND OPEN SEASON RENTAL RATES, booklet that someone above provided a link to.

OPEN SEASON NIGHTLY RENTAL RATES @ The Bay Club at Waikoloa Beach Resort on Big Island of Hawaii; 1 Bedroom $173(M-T), $176(F-SU), $1,220/WK in Platinum Season.
The trouble will be, as has been mentioned, the ability to actually rent it for a week or more.

Has any one here actually used cash instead of Pts. Disney rates rack, cash room, rates are really high.

Thanks

M

 

[brp]

Planning on retireing in few years so this way we can reduce our yearly HOA/MF's and still stay warm.

Just as a point of reference (to avoid confusion): both HGVC and DVC themselves and discussion sites call these MFs (Maintenance Fees) exclusively. None of these venues uses HOA from everything I've seen

There is something to be said for reducing fixed costs even if the effective cost/point is higher with Cash rates. It's all voluntary.

Cheers.

 

[mopee46]

Just as a point of reference (to avoid confusion): both HGVC and DVC themselves and discussion sites call these MFs (Maintenance Fees) exclusively. None of these venues uses HOA from everything I've seen

I have only know them as MF's in the years I have been a DVC member, however the agents when having us sign on the dotted line for the HGVC, called them HOA's, which I found kind of strange but to me they are the same.
Tomato, tomato....

The line below was from the "Document Checklist"

"Maintenance, Taxes and Club Dues $________(Also know as Assessments or HOV's)"

I believe they were just making sure all languages were use and understood.

Thanks all

M

 

[brp]

I have only know them as MF's in the years I have been a DVC member, however the agents when having us sign on the dotted line for the HGVC, called them HOA's, which I found kind of strange but to me they are the same.
Tomato, tomato....

The line below was from the "Document Checklist"

"Maintenance, Taxes and Club Dues $________(Also know as Assessments or HOV's)"

I believe they were just making sure all languages were use and understood.

Thanks all

M

Learning something new most days. Had no idea that this was anywhere in their docs. Must be that broker, In any event, we know what we're all talking about now, and you don't wanna pay them

Cheers.

 

[alwysonvac]

OK here is what I bought;
2,400 Club Points,
Recurring, every year
Season, Gold
Type 1, -Studio Reg
Occupancy Period, Annual Unit Week,
Recurring Occupancy Right, every year
Starting 2021.

Now I did this because I don't intent to use the points, they gave me a bunch (8,700), but rather I plan on using the timeshare to book 2-3 bedroom units at 30 days for cash.
I am not planning on owning a bunch of points and paying a lot of HOV's, I just wanted to hold enough to use cash within the 30 day window.

However I may add to my HGVC points by buying resale, hench all the questions.

What are, is , MF's?

Thanks
M

Hopefully you’re buying resale and not from the developer. Correct?
Sample Resale prices listed below and also given away for free on TUG

HGVC on Paradise !

2400 points every year 1 bedroom Silver season ENJOY NEW YEARS AT ELARA INCLUDED ! Maintenance Fee $980 2021 - 1200 points available Will pay closing costs / title transfer fees...

tugbbs.com

 

[GT75]

I just wanted to hold enough to use cash within the 30 day window.

IMO, This is a bad plan. Cash rate can change (like they did around 2014) plus you might not have any available units to book within 30 days. I certainly wouldn't want to use this option as my main method to book HI.

 

[Talent312]

Hopefully you’re buying resale and not from the developer. Correct?
Sample Resale prices... and also given away for free on TUG.

It sounded like he did, as they "gave" him some bonus points.
OP: If, by any chance, you are still in the rescission-period, you really should do so.

I wouldn't buy a 2400 pt unit, unless they agreed to pay the next 10 years of MF's.
I can't see the cost of membership (club dues+MF's) making Open Season worthwhile.
But hey, whatever floats your boat.
.

 

[alwysonvac]

It sounded like he did, as they "gave" him some bonus points.
OP: If, by any chance, you are still in the rescission-period, you really should do so.

Yes, if you are still within the rescission window, do it while you can.

Sales folks will tell you what you want to hear. They are known to stretch the truth.
Bonus offers will always be there from the sales folk BUT you’ll only have one opportunity to rescind!

This will give you time to research, ask questions and determine what is right for you and your family before making your final commitment to any timeshare system.

 

[jwalk03]

When did you buy this and in what state? You may still be able to rescind your purchase! And if you are still in the recession period you should absolutely do so immediately!