tikih
newbie
Hi, my fiance and I are brand new HGVC owners as of yesterday and now, after spending some time online doing research, we are having some buyers remorse! We would greatly appreciate it if any veteran owners could help us with some questions to let us know whether we made the right choice or if we need to rescind ASAP!
First of all, we both like the vacation ownership model and believe that it is something we'd like to do. We also generally like what Hilton has to offer. That being said, we want to make sure we are getting the best deal with the most benefits possible.
Yesterday we bought a 1-bedroom in the HGVC Flamingo on the Las Vegas Strip (gold season) with 3,400 annual points for $17,490 and an annual fee of $892. We were also given 7,000 points as a purchasing incentive. We are a young couple who value vacationing but likely do not need a huge points package at this point in our lives.
So, here are our questions:
1) Generally speaking, was this a good deal? Assuming it is (or at least its not that bad) would you recommend just sticking with it rather than going through the hassle of rescinding and searching for similar offers on the resale market?
2) A quick look online shows that HGVC timeshares can be purchased on the resale market for less with more points but are there any downfalls to purchasing on the resale market? If we chose to do that, would we get all the benefits of an owner who purchased directly through Hilton? (One thing the sales person mentioned is that owners who buy on the resale market cannot convert their points to HHonors points in order to avoid them expiring - does anyone know if this is true?)
3) Is the Flamingo a good property to own at or would it be better to own at the Elara or any other of the Las Vegas locations? (In general, we could not really understand the value of purchasing in one place vs. another other than you save $49 on booking - are there other benefits of selecting specific locations as our home location (that might even be worth paying more for?))
We REALLY appreciate any help anyone can offer. We have until tomorrow or Monday to rescind so it would be great to hear any insight as soon as possible!
Thank you!
First of all, we both like the vacation ownership model and believe that it is something we'd like to do. We also generally like what Hilton has to offer. That being said, we want to make sure we are getting the best deal with the most benefits possible.
Yesterday we bought a 1-bedroom in the HGVC Flamingo on the Las Vegas Strip (gold season) with 3,400 annual points for $17,490 and an annual fee of $892. We were also given 7,000 points as a purchasing incentive. We are a young couple who value vacationing but likely do not need a huge points package at this point in our lives.
So, here are our questions:
1) Generally speaking, was this a good deal? Assuming it is (or at least its not that bad) would you recommend just sticking with it rather than going through the hassle of rescinding and searching for similar offers on the resale market?
2) A quick look online shows that HGVC timeshares can be purchased on the resale market for less with more points but are there any downfalls to purchasing on the resale market? If we chose to do that, would we get all the benefits of an owner who purchased directly through Hilton? (One thing the sales person mentioned is that owners who buy on the resale market cannot convert their points to HHonors points in order to avoid them expiring - does anyone know if this is true?)
3) Is the Flamingo a good property to own at or would it be better to own at the Elara or any other of the Las Vegas locations? (In general, we could not really understand the value of purchasing in one place vs. another other than you save $49 on booking - are there other benefits of selecting specific locations as our home location (that might even be worth paying more for?))
We REALLY appreciate any help anyone can offer. We have until tomorrow or Monday to rescind so it would be great to hear any insight as soon as possible!
Thank you!