Walk don't run...
Just got off the phone after receiving an offer from an HGVC salesperson for 7,500 pts at the new HGVC Kings Land property for $23,605 - including closing costs.
What are you getting for 7,500 points? I don't see 7500 listed on the Kingsland point chart?
See page 101 of the Membership Guide -
http://www.hiltongrandvacations.com/mg/
They are also including 15,000 bonus points.
Bonus points are ok but you will save more overall with resale.
According to the latest Membership Guide, Bonus Points cannot be used to reserve accomodations during the Home Resort week or Club Reservation window. Bonus points cannot be transferred or assigned and cannot be borrowed or deposited into next year's account.
See page 143 of the Membership Guide for the rules regarding Bonus points -
http://www.hiltongrandvacations.com/mg/
I've looked and seen HGVC resales with 7,000 pts for several thousand dollars less at other properties and am wondering if I'm paying way too much - even though this is a brand new property?
You will always pay more if you buy from the developer. If you want Kingsland as your home resort and have to buy now then you're going to pay much more. Kingland is their newest resort so resale listings will be limiited for the next couple of years but it doesn't mean you can't find a better resale deal for Kingsland. It just might take longer.
I plan to use the points at different places (not just in Hawaii), so is this anywhere near a decent deal? Is there any benefit to having the points associated with this property?
I suggest that you hang out on TUG and learn about the system and timesharing before you rush into a decision. If you decide that you want to go ahead with a purchase directly from HGVC then you can simply contact HGVC for the latest offer.
HGVC has three reservation windows:
(1) Home Resort window (3 month period requires a full week reservation)
(2) Club Reservation window (9 month period requires a three night minimum)
(3) Open Season window (30 day period requires a two night minimum)
HGVC works like a floating week system during the home resort window which means from 12 months to 9 months before check-in, if you want to visit your home resort then you must reserve the exact unit size and type
in the season that you purchased (studio, 1 bedroom plus, etc) for the full week based on the fixed checkin date at your home resort. There is no flexibility.
HGVC works like a point based system during the Club Reservation window which means 9 months before checkout anyone can exchange into any
season, resort (including your home resort), unit size and/or type for any number of days (minimum of 3 nights). This means all HGVC resort owners have an equal chance at booking at any HGVC resort (except NYC W57) during the Club Reservation window.
To me, it only makes sense to buy Hawaii if you're planning to
(1) primarily stay at your home resort with plans to book during the home resort period (9 to 12 months out). Don't count on last minute reservation at the HGVC developed Hawaii resorts.
(2) need or prefer to travel during peak season - whenever the kids are out of school (Winter Break, Summer, Spring Break).
HGVC has the right to change the Club Rules at anytime so I do believe it is important to be happy with staying at whatever location you choose as your home resort.
Also, are there any other questions I need to ask before signing the contract? Some posts mentioned different types of rooms - regular, plus, premier - is this something I should worry about?
Read the HGVC overview on the TUG advice board -
http://www.tug2.net/tugadvic.shtml (under the section titled "Clubs and Multi-Resorts")
Read Timeshare 101 on the TUG advice board -
http://www.tug2.net/advice/TimeShare-101.htm
Read the old TUG threads and use the Search function to locate different topics of interest.
Welcome to TUG and Good Luck with your decision