Ready to buy into HGVC

[olindeman]

However it appear to be all over the place in the resale market. In ebay the packages are under 800 or over 6k on the marketplace here it appear to be wildly different. I am looking for 5k to 7k points annual with MF under 1,300 if possible. Willing to hear any advise or if I'm on the right track and the prices are just that random.

 

[presley]

Platinum weeks sell for a lot higher than gold, silver or bronze weeks. Bronze and silver are often given away. Gold has gone down tremendously. If you buy from a broker, you'll pay more than you will by bidding on Ebay most of the time. Some of the ebay sellers are dishonest.

You may sometimes see an overly priced contract (overpriced by a lot) because the seller still owes on their loan and the contract cannot be transferred without paying off the loan.

Right now, prices are extremely low. That may be due to the fact that Hilton charges a lot for everything and they raise their fees each year by much more than inflation. Be sure to read all of the threads here and if you are buying to stay in HGVC, you will enjoy your membership. If you are buying to trade in RCI, convert to hotel points, book cruises, etc, you will paying way too much money.

 

[PassionForTravel]

As presley said the prices have trended lower in the last year. I think that's because HGVC is not ROFR much since they are bringing so much new inventory on line.

What determines the price is. Is home week an advantage (Kalia & Rainbow Tower in Waikiki) and then what's the MF/point the lower that number the higher the purchase price you are going to pay.

You will probably get more input if a moderator moves this thread to the HGVC forum.

Ian

 

[Jason245]

How many points do you actually plan on using a year? If you don't know, plan the next 2 years of travel and average that and advise? Also, do you need home week advantage somewhere? ( for example, some weeks in Hawaii or miami or florida gulf Coast maybe impossible to get without it)

Sent from my SAMSUNG-SM-N910A using Tapatalk

 

[onenotesamba]

I just made my first HGVC purchase, and made some of the same calculations that you're making.

If you're torn between 5,000 points and 7,000 points, but you think that 5K might work for you, you'd be much better off looking for a 4800 point package, somewhere, than a 5,000 point package. Your annual membership fee will be much higher for a 2BR Gold, than for a 1BR Platinum week, and your cost to buy in won't necessarily be that much higher. Between 5000 points (2BR Gold) and 7000 points (2BR Platinum), the membership fee will be identical at the same property, and you're getting 2000 fewer points.

I got a 4800 point package (1BR Platinum at Sea World) on eBay for $2500, and it passed First Refusal. I was a little nervous about having my first ever purchase be on eBay, but the price was lower than any listing I saw from a real estate agent for similar packages. Before making my offer, I came here, and did a search on the name of the company running the auction, their eBay user name of the seller, as well as the closing company they use. There were positive comments about all of them from other Tuggers, so I felt pretty secure placing that bid. The transfer isn't complete, yet, but so far, everything has gone smoothly, and I've had very good communication from the seller, and from the closing company.

As far as membership fees, for 4800 point packages, the three lowest properties for 2015 were the Boulevard/Strip location, the Vegas Paradise/Karen location, and Sea World. For 7000 point packages, the lowest membership fees are Boulevard/Strip, then Paradise/Karen, and then Flamingo. Some of the other Orlando properties have membership fees that are lower than your budget, too, but since points are points, I'd aim for the lowest membership fee that you can get at the best buy-in price.