Newbie to buy HGVC from an owner?

[Texasbaseball2024]

Are you saying if we buy a HGVC resale most of the perks of having a HGVC are non existent? We canceled our timeshare and the rep is trying to get us to buy it and buy a resale.

I want to have access to cash prices and the RCI network and last minute deals. Should I be looking outside HGVC timeshares if I loose the benefits of buying it resale?

 

[4TimeAway]

Are you saying if we buy a HGVC resale most of the perks of having a HGVC are non existent? We canceled our timeshare and the rep is trying to get us to buy it and buy a resale.

I bought resale. Works fine for me. We just got back from a week in Hawaii.

 

[4TimeAway]

I want to have access to cash prices and the RCI network and last minute deals. Should I be looking outside HGVC timeshares if I loose the benefits of buying it resale?

They can be be great. I really like HGVC.

I wish I had II, but there's plenty of options. You should also look at alternatives to buying a timeshare. afvclub.com comes to mind if your family is military, but I have not tried it and really like HGVC.

I bought from Diane Nadeau and it was great. Just takes a couple of months to get the title clear, transfered and enrolled in HGVC.

 

[GT75]

Are you saying if we buy a HGVC resale most of the perks of having a HGVC are non existent?

Not a correct statement. You will (if you purchase a HGVC deed) have access to the same perks as us Legacy HGVC owners. You just won't have access to HVCMax and Elite status (in most cases). You can even upgrade your deed (normally, it will depend upon what you purchased) but that will require developer purchase.

 

[GT75]

I want to have access to cash prices and the RCI network and last minute deals.

You will have access to both of those on a HGVC resale purchase.

 

[GT75]

You can always buy a developer purchase later. I suggest you resent now and figure this out. A developer purchase will always be there.

 

[Talent312]

Apart from their sales-weasels, HGVC is a stand-up company... and one the best for resale buyers.
As things stand, you get all of the perks of retail buyers, except only Max status & counted for elite. Neither of those are worth the cost of a retail purchase by any stretch.

HGVC has the right to restrict resale buyers use of the club, but they never have and it's likely that could only apply to future buyers, not current owners. Heck, they also have the right to terminate the club entirely (as if). IOW, don't worry about it.

Added:
For affiliates with voluntary HGVC membership, the membership does not transfer with a change of owners. The new owner must submit paperwork and a fee to join. This is done after the sale is complete, often thru an on-site HGVC rep. The GP affiliates, to which RX8 refers are a different kettle of fish (see below).

 

[RX8]

Are you saying if we buy a HGVC resale most of the perks of having a HGVC are non existent? We canceled our timeshare and the rep is trying to get us to buy it and buy a resale.

That is not what I am saying. The point I was trying to make is that with the affiliate Grand Pacific Palisades and Grand Pacific Seapointe resorts, any existing HGVC enrollment on those weeks goes away when the owner sells their week. Therefore, resale buyers of these two resorts will never have access to HGVC, only their deeded week. The only way to get HGVC enrollment with these two resorts is with an over priced retail purchase directly with HGVC. If an owner of one of those resorts currently has HGVC enrollment, as I do, they have all the same perks/privileges as any other HGVC owner, including retail buyers.

 

[HuskerATL]

@Talent312 mentions some affiliates being HGVC enrollment being optional. I wanted to add that there are some affiliates in which HGVC enrollment only comes from a retail purchase. Grand Pacific Palisades (GPP) and Grand Pacific Seapointe are two examples.

I purchased my GPP from the resale department at the resort. At the time, GPP handled all resales for existing owners at decent resale prices. As a bonus, they added HGVC enrollment at no extra charge. This was a true benefit for owners looking to sell and I am confident that it helped owners maximize value when selling. As HGVC got more involved, they apparently did not like this cheaper option into HGVC and stopped it from happening. GPP no longer has a resale department that helped the owners. Now, HGVC handles the deed-backs and foreclosures and turns them into over priced retail deeds. In addition, they made it so the HGVC enrollment disappears when the original buyer decides to sell the deed hurting their resale price. What that means is that the only way to get HGVC enrollment on these deeds is through a direct purchase.

There are so many nuances, evident by the many posts, that it is best to slow down and research until your head hurts. The developers like to make one believe that the retail deal they are offering is only good today and prices will only go up. With resale, the opposite is true. There will always be resale deals. In fact, the deal tomorrow may be better than the deal today.

Were your GPP resale elite qualifying?

 

[brp]

Are you saying if we buy a HGVC resale most of the perks of having a HGVC are non existent? We canceled our timeshare and the rep is trying to get us to buy it and buy a resale.

Nope. As being discussed in another thread, while some of these things are, theoretically, possible they're not real-world problems. Booking is limited to the HGVC resorts (and the newly-added resorts will be off-limits). Elite is not possible except for a few limited purchases in Scotland.

Real-world, though, that's about it for limitations.

Cheers.

 

[HuskerATL]

Nope. As being discussed in another thread, while some of these things are, theoretically, possible they're not real-world problems. Booking is limited to the HGVC resorts (and the newly-added resorts will be off-limits). Elite is not possible except for a few limited purchases in Scotland.

Real-world, though, that's about it for limitations.

Cheers.

or a few other elite qualifying locations such as Valdoro, I think Marbrisa, and maybe others. SW FL used to be and folks who did buy before it ended, still count.

 

[RX8]

Were your GPP resale elite qualifying?

Yes. My ownership appears as a “retail” purchase to HGV. In presentations I have attended they always come out with a printout of my current ownership and ask how I bought so cheaply.

 

[HuskerATL]

Yes. My ownership appears as a “retail” purchase to HGV. In presentations I have attended they always come out with a printout of my current ownership and ask how I bought so cheaply.

But those are no longer available? I didn't realize that GPP new buys didn't work in HGVC any longer.

 

[RX8]

But those are no longer available? I didn't realize that GPP new buys didn't work in HGVC any longer.

I believe HGV did not like the competition from the GPP resale department. The resale department got shut down a few years ago. Unfortunately for GPP owners wishing to sell, they no longer have the support of the resale department to assist them and are now on their own. HGV took over resales of deed-backs and foreclosures and sells them as HGVC enrolled weeks at retail prices slightly lower than Marbrisa. That HGVC enrollment is only for that retail buyer and does not transfer upon subsequent sale. When I purchased, there was a document that stated HGVC would transfer on resale only if the GPP resale department handled the transaction. As part of my purchase, I negotiated to have HGVC transfer if I sold the week myself. I have a signed document with that clause. It will be interesting to see if I am successful getting HGVC to transfer with my week when and if I sell.

 

[HuskerATL]

I believe HGV did not like the competition from the GPP resale department. The resale department got shut down a few years ago. Unfortunately for GPP owners wishing to sell, they no longer have the support of the resale department to assist them and are now on their own. HGV took over resales of deed-backs and foreclosures and sells them as HGVC enrolled weeks at retail prices slightly lower than Marbrisa. That HGVC enrollment is only for that retail buyer and does not transfer upon subsequent sale. When I purchased, there was a document that stated HGVC would transfer on resale only if the GPP resale department handled the transaction. As part of my purchase, I negotiated to have HGVC transfer if I sold the week myself. I have a signed document with that clause. It will be interesting to see if I am successful getting HGVC to transfer with my week when and if I sell.

Oh. So GPP new buyers are still in HGVC but the official resale office is shut down. Do GPP resale from a third party work fine after point enrollment?

 

[RX8]

Oh. So GPP new buyers are still in HGVC but the official resale office is shut down. Do GPP resale from a third party work fine after point enrollment?

Correct to your first question. All existing GPP owners enrolled in HGVC will continue to have full HGVC access. If any of those existing owners want to sell, whether they were original resale or retail owners, the HGVC enrollment will not transfer to the resale buyer. Even HGVC authorized resellers, like Judi K, will not have the ability to transfer HGVC on a resale GPP week.

In my view, the GPP resale office had been operating kind of like a satellite HGVC retail sales center. That is until HGVC determined that they were robbing them of retail sales and shut it down.

 

[HuskerATL]

Correct to your first question. All existing GPP owners enrolled in HGVC will continue to have full HGVC access. If any of those existing owners want to sell, whether they were original resale or retail owners, the HGVC enrollment will not transfer to the resale buyer. Even HGVC authorized resellers, like Judi K, will not have the ability to transfer HGVC on a resale GPP week.

So a new owner, who purchased from a third party, would just have the week there, like Coy now is for new buyers? When I buy resale at Craig, I have to complete the HGVC enrollment form and pay about 350 pounds so it doesn't automatically transfer over but you have the option to sign up with HGVC.

 

[RX8]

So a new owner, who purchased from a third party, would just have the week there, like Coy now is for new buyers? When I buy resale at Craig, I have to complete the HGVC enrollment form and pay about 350 pounds so it doesn't automatically transfer over but you have the option to sign up with HGVC.

That is correct. At one point in time, a resale GPP buyer could enroll in HGVC. I had looked at some eBay auctions and bid on one but backed out when the description was for a 2 bedroom but the estoppel showed one bedroom. It was enrolled in HGVC that was going to transfer.

GPP is a nice resort. I have used my week 11 out of 12 years instead of opting for the HGVC points. That said, I feel bad for the retail buyer who likely doesn’t realize that the HGVC enrollment will not even transfer when they want to sell. All they will be selling is the underlying GPP week and that is going to be worth much less than the same week with HGVC enrollment.