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Selling HGVC Timeshare - what's the first step?

7SeasLover

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I have an HGVC timeshare in Las Vegas, [edited.] I have no clue what to do to go about selling. Any suggestions as to where to start?



*Details removed to comply with forum rules.
 
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DeniseM

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I'd look at ebay, Redweek, and TUG to see what units exactly like yours are selling for. (Look at the actually selling prices, not just asking prices, which are often completely unrealistic.)

If it has significant resale value, you may want to consider using a reputable broker, if you don't feel like handling it yourself. A reputable broker will walk you through the process, and may be able to get a higher price.

Here is a short list of Tugger who are reputable brokers:

Syed Sarmad (TUG user name Syed if you want to send him a pm)
www.advantagevacation.com

Fred Messreni (TUG user name FredM if you want to send him a pm)
www.timeshare-gallery.com

Seth Nock (TUG user name the same if you want to send him a pm)
www.sellingtimeshares.net

Judi Kozlowski (TUG user name the same if you want to send her a pm)
www.timeshareresalepros.com
 
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PassionForTravel

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All of the brokers that Denise posted handle HGVC sales. Check out what they are offering for your equivalent ownership for sale at.
 

SmithOp

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I am in the process of selling one of mine, from researching sales on eBay and general consensus on here I came up with .90 a point for every year, and .45 a point for eoy. I think those are fair platinum prices that will pass rofr, gold or lesser season will be even less.

I listed an eoy gold on eBay with reserve of .35 a point and buy now price of .55 a point. I got one bid, so its sold for .35 a point, buyer paying all closing costs. I also had it listed on TUG marketplace at .55 or make offer, nothing, didnt even get a lowball offer.

I'm using Legal Timeshare Transfer, they can provide a sales agreement. The other thing you will need is a scanned copy of your deed to send to LTT. LTT will hold the funds (cashiers check) until transfer is complete, so the buyer deals with them directly and has assurance the sale will go through.



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7SeasLover

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Oh gosh! I have no idea what all that you said means! Guessing here, but are you saying to multiply the points our timeshare is worth (5,000/year) by those numbers and that will tell us the selling price? I truly have no idea about this.
 

Jason245

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I would start here since you seem very confused.

http://tugbbs.com/forums/showthread.php?t=44


I would also contact the agents listed in this thread and ask them what your TS is worth on the resale market.

If you bought direct from HGVC and paid tens of thousands of dollars for you unit, understand that you will probably be able to get a maximum of 5-10% of what you paid for the unit.
 

presley

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You can look at what the same thing is listed for on the broker's websites that have already been mentioned here. That will give you a good idea on what a broker could get. They will take $1,000 - $2,000 of that in commission at the end of the sale.

You can do it yourself here, redweek or ebay. The sales price will be lower than what the brokers can get most of the time. You can hire a transfer company or call HGVC and do it yourself. It's a lot of work and many buyers need hand holding through the whole thing. I prefer selling through a broker so I just need to sign papers and do nothing else.
 

SmithOp

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Oh gosh! I have no idea what all that you said means! Guessing here, but are you saying to multiply the points our timeshare is worth (5,000/year) by those numbers and that will tell us the selling price? I truly have no idea about this.


If you have 5000 points every year and want a quick sale doing it yourself, then $4500 would be a fair asking price. If you list through an agent expect to pay $1000-$2000 fees, so that would inflate the asking price to $6,000 or so, but it may take longer to sell. I wanted a quick sale, do it yourself, so I priced it accordingly.


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DeniseM

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Oh gosh! I have no idea what all that you said means! Guessing here, but are you saying to multiply the points our timeshare is worth (5,000/year) by those numbers and that will tell us the selling price? I truly have no idea about this.

It's free to call the brokers - I'd call all 4 of them and get their opinions. Then you will be in a much better position to decide whether to list it with one of them, or to do it yourself.
 

natarajanv

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it is a gold unit

If you have 5000 points every year and want a quick sale doing it yourself, then $4500 would be a fair asking price. If you list through an agent expect to pay $1000-$2000 fees, so that would inflate the asking price to $6,000 or so, but it may take longer to sell. I wanted a quick sale, do it yourself, so I priced it accordingly.


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I see the same unit here on TUG marketplace with an asking price of 2k by Judy, so I doubt the OP can get 4.5k for a gold unit.
 
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7SeasLover

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Thank you! All of this information (though confusing) has given me some idea of what to do. I think I want the easy way out - to call that place, pay $1 to $2k and let them sell it no fuss no muss.

I have to pay my $1k maintenance fees in the next couple of weeks.
 

SmithOp

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I see the same unit here on TUG marketplace with an asking price of 2k by Judy, so I doubt the OP can get 4.5k for a gold unit.


Thats a good price for a Vegas low mf unit.


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presley

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I have to pay my $1k maintenance fees in the next couple of weeks.

Yes. You still have to keep paying your MFs, otherwise you won't be able to sell the unit. You may or may not be able to get the money back after the sale. It depends on negotiation.
 
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