Question about selling

[hurnik]

I've got multiple deeds/contracts (all paid off) with HGV.

My understanding (please correct me if I'm wrong) is that:
If I have enough points in my 2021 "pool", and I wish to sell a deed/contract that has that many or less points, that those would be included with the sale to the new owner?

So I have like a:
3400
4800
7000
7000
point deeds and let's pretend I have say 6,382 (made up number) of points for 2021 available.

I could sell:
the 3400
OR
the 4800
but not the 7000
and have the 2021 points available for the new purchaser?

It's also my understanding that the option to have the points included at all, while dependent upon the above, would be something negotiated? (ie, I could technically list as no points available for 2021, or list them and request reimbursement of the MF, etc.)?

 

[natarajanv]

yes, your understanding is correct. Also in your contract you can mention the usage year/first year of occupancy as 2021 for the buyers to get the full points, or you can say it as 2022 so they don't get any points for this year.

 

[Talent312]

You are correct, sir.
Your contract should specify the year the buyer's use commences and who's to pay the MF's.
You might offer to pay HGVC's transfer fee, but specify the buyer to pay activation + dues.

If you say 2021 and the buyer wants you to book a stay in 2021 while transfer is pending....
A guest booking would reduce your other TS points, so that would need to be addressed.
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[hurnik]

You are correct, sir.
Your contract should specify the year the buyer's use commences and who's to pay the MF's.
You might offer to pay HGVC's transfer fee, but specify the buyer to pay activation + dues.

If you say 2021 and the buyer wants you to book a stay in 2021 while transfer is pending....
A guest booking would reduce your other TS points, so that would need to be addressed.
.

Thank you.

So if I'm reading the 2021 Club rules correctly, outside of the LT Transfers closing stuff (recording fees, etc.)

Transfer fee is: $429 (?) -is that the Ownership Change Fee?

Activation Fee is $399 (unless purchased through HGV Resale/affiliate)
Club Dues are $186

 

[brp]

Activation fee is $609 at present.

Cheers.

 

[Zenichiro]

Resort transfer fee of $425 has increased for 2021. Also there is a one-time points activation fee of $609 that will be billed to you after the transfer of ownership has been completed along with the annual HGV Club dues of $186.

 

[hurnik]

Activation fee is $609 at present.

Cheers.

Out of curiosity where is that? I'm looking at the 2021 Club Rules Pages 24-25 have the fees. Indeed, searching for the word "activation" it's only found on page 24. Nowhere on that page does it show anything of $609.

There's only 3 fees listed under Activation Fees:

Enrollment / Activation fee Purchased through HRC or its Affiliates	$382
Ownership Change Fee One fee (when multiple weeks enrolled at same time)	$429
Activation Fee Voluntary (1 Interval)	$399

 

[brp]

Out of curiosity where is that? I'm looking at the 2021 Club Rules Pages 24-25 have the fees. Indeed, searching for the word "activation" it's only found on page 24. Nowhere on that page does it show anything of $609.

There's only 3 fees listed under Activation Fees:

Enrollment / Activation fee Purchased through HRC or its Affiliates	$382
Ownership Change Fee One fee (when multiple weeks enrolled at same time)	$429
Activation Fee Voluntary (1 Interval)	$399

Well, it's on the bills for two units I bought recently (two in the same contract, subject to two fees)

I don't actually know why it doesn't appear to be listed properly in their fee schedule.

Cheers.

 

[hurnik]

Well, it's on the bills for two units I bought recently (two in the same contract, subject to two fees)

I don't actually know why it doesn't appear to be listed properly in their fee schedule.

Cheers.

Ah, I see.

 

[Zenichiro]

The $609 is the account creation fee I believe. Then depending on if you want your unit converted to points, enrollment or "transfer" fee of $399. Then you have club dues, which will be the only re-occurring fee going forward for a points account.

 

[rangnatp]

Out of curiosity where is that? I'm looking at the 2021 Club Rules Pages 24-25 have the fees. Indeed, searching for the word "activation" it's only found on page 24. Nowhere on that page does it show anything of $609.

There's only 3 fees listed under Activation Fees:

Enrollment / Activation fee Purchased through HRC or its Affiliates	$382
Ownership Change Fee One fee (when multiple weeks enrolled at same time)	$429
Activation Fee Voluntary (1 Interval)	$399

I just did a google search and found this - https://d1m2ucn09z2f8d.cloudfront.n...resale-process-frequently-asked-questions.pdf

It's from 2020 and talks about the fees involved in resales.

 

[brp]

Well, we've had an account for some time and the charge for our activation if new purchases was $609. So this doesn't seem quite right to me.

Cheers.

 

[Zenichiro]

if your a member then I don’t think you have that fee.

 

[brp]

if your a member then I don’t think you have that fee.

Hmmm..seems that it's possible that I was overcharged for this? But I think others have paid this as well??

Cheers.

 

[Talent312]

I saw the $609 activation fee for private sales mentioned in a PDF doc entitled:
"Resale Process - Frequently Asked Questions."

It's in a link in "Help">"Contact Us" - bottom of the page, under "Resale Services."
This link may take you there: https://tinyurl.com/y2dzvpay

Will I pay any fees if I sell or transfer my timeshare interest?
You may incur additional fees if you sell your interest on the resale market, including:
• An Ownership Change fee [$429] to transfer the timeshare and maintenance fees to the new account.
• A Membership Activation fee ($609) per timeshare to set up and modify the new Member’s... accounts
• An Estoppel fee ($70).
.

 

[Wright17s]

For what it's worth, the $425 (now $429) ownership change fee is generally paid through closing... the $609 membership activation fee is billed directly by Hilton about 30 days after the points/contract have been added to your account.

I can verify as an existing HGV member/owner I still had to pay the $609 membership activation fee for each resale contract I purchased.

 

[brp]

Yeah, I figured that they hadn't overcharged me. But one can always hope

Cheers.

 

[GT75]

A couple of years ago, the resale's activation fee was listed directly on the HGVC fees pages. For some reason, they are now leaving it off (maybe so they don't call attention to the resales market).

 

[BingoBangoBongo]

(maybe so they don't call attention to the resales market).

This!

 

[giowop]

For what it's worth, the $425 (now $429) ownership change fee is generally paid through closing... the $609 membership activation fee is billed directly by Hilton about 30 days after the points/contract have been added to your account.

I can verify as an existing HGV member/owner I still had to pay the $609 membership activation fee for each resale contract I purchased.

Ditto for me as an owner of multiple deeds. Sucks to get zapped each time for $609 until I remember how far ahead I am by taking the resale market route!


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[hurnik]

Thanks everyone. Especially for those folks that dug up that link. Much appreciated!