Some advice please

[Talent312]

Save yourself the trouble, don't buy HGVC, the fees will be more the hotel cost in the long run!

I realize that you're "down on HGVC," but comparing the cost of a hotel room to MF's does not compute. Most folks are into condo-style vacations becuz they want more than a hotel room. It is true that many condos or TS's can be had for less than MF's.

However, rare would be TS or condo with the same quality and amenities as a HGVC-resort that could be rented for the MF's. Folks get into hotel-based resorts becuz they have a consistently higher quality product than the average TS property and thus, rent for more. IOW, a week at a Super8 motel might be had for $600, so sure, you'd save $$; however, that's not the experience most TS vacationers are looking for.

 

[JeffBrown]

ROFR

First off...great website.

Sure I see the $2,000 resale on ebay...but I know that would never go through ROFR. Can I get this for under 10k? Are there sites I should avoid?

Last year (2011) we(Sumday Vacations) sold over 50 HGVC contracts, 1 of those 50 did not pass ROFR at $1500, ALL others were priced between the $2k and $4500 price range and all passed ROFR.

One other thing people mentioned, true transfer fees for HGVC is $499 (resort's transfer fee only, not recording, etc.)

 

[RX8]

Last year (2011) we(Sumday Vacations) sold over 50 HGVC contracts, 1 of those 50 did not pass ROFR at $1500, ALL others were priced between the $2k and $4500 price range and all passed ROFR.

One other thing people mentioned, true transfer fees for HGVC is $499 (resort's transfer fee only, not recording, etc.)

2012 HGVC guide states transfer fee is $399. Some, such as Marbrisa, is $995.

 

[Talent312]

2012 HGVC guide states transfer fee is $399. Some, such as Marbrisa, is $995.

TUGBrian posted this at the beginning of January:

New HGVC Estoppel Fees $35
-----------------------------------
Received a note from a broker earlier today informing me that Hilton will be charging a $35.00 estoppel fee effective immediately. The fee will have to be included with the request.
Just passing this along to members considering buying resale.
-----------------------------------

Wondering if anyone has been charged this.

 

[Seth Nock]

TUGBrian posted this at the beginning of January:

New HGVC Estoppel Fees $35
-----------------------------------
Received a note from a broker earlier today informing me that Hilton will be charging a $35.00 estoppel fee effective immediately. The fee will have to be included with the request.

Just passing this along to members considering buying resale.
-----------------------------------

Wondering if anyone has been charged this.

Yes. Transfer fee is $399 + $35 estoppel fee. They are both required fees.

 

[TheWizz]

Anyone have an opinion on this auction (assuming it went for the opening bid price)?

http://www.ebay.com/itm/5000-HGVC-P...=Timeshares&hash=item53eb9cbaaa#ht_3706wt_872

I highly recommend buying an affiliate like Grand Pacific Palisades (GPP). I stayed at MarBrisa this past summer in a 2BR unit and I own two units at GPP. If you don't care about HGVC Elite Status or getting to 14k points, then this deal at MarBrisa would be a good deal at less than $.25-.50 per point. Don't know if that would pass ROFR or not. GPP doesn't have ROFR. The reason it isn't a great deal is that it is a Gold week. If you would like HGVC Elite status without buying direct from the developer at their $$, then buying from the GPP Resale Team is another good option and when you buy direct from GPP, you can convert to HGVC Points and even get HGVC Elite status if you buy two platinum weeks like a 8400 point 2BR unit and a 6200 point 1BR unit. The key is to get as many points as possible (Platinum vs. Gold) for the unit size purchased since MFs in most cases are based upon the unit size, not the season. So a gold owner with 5000 2BR points is paying the same MFs each year as a platinum owner with 7000 2BR points. Unfortunately, this unit at MarBrisa is a 2BR Gold unit, so I believe (long-term) you are not getting the same value for the MFs each year as a platinum week owner. It took me a year to find what I was looking for, so sometimes it's the law of supply and demand and of course your patience level.

 

[pavlovsdog00]

for anyone interested

I sent my letter to cancel my VIP package on 2/14...they received it on 2/16...and this morning 2/23 I had my refund back onto my credit card.

For as much as the sales pitch left a bad taste in my mouth I will give HGVC that they are a stand up company and don't play games

Ready for the resale market now!

 

[sjuhawk_jd]

for anyone interested

I sent my letter to cancel my VIP package on 2/14...they received it on 2/16...and this morning 2/23 I had my refund back onto my credit card.

For as much as the sales pitch left a bad taste in my mouth I will give HGVC that they are a stand up company and don't play games

Ready for the resale market now!

RX8 (he posted in this thread) is a great resource on how to "take your time to do the research" before buying. Keep in touch with him. He has spent countless hours on his research.

 

[SmithOp]

I highly recommend buying an affiliate like Grand Pacific Palisades (GPP).
... Snipped for brevity ...

so I believe (long-term) you (gold owners) are not getting the same value for the MFs each year as a platinum week owner.

I agree with everything regarding buying affiliates, but I've had just as much value from my gold weeks, perhaps more since I prefer to travel gold season when its cheaper and less crowded. I'm thinking $5 gas and high airfares this summer.

My affiliate of choice would be Bay Club.

 

[TheWizz]

I agree with everything regarding buying affiliates, but I've had just as much value from my gold weeks, perhaps more since I prefer to travel gold season when its cheaper and less crowded. I'm thinking $5 gas and high airfares this summer.

My affiliate of choice would be Bay Club.

Agreed. I wasn't saying it isn't a better value to "travel" in Gold season, I was saying it is a better value to not "buy" a Gold season TS unit vs. a Platinum season TS unit. A 2BR at a HGVC resort or affiliate will cost X per year based upon the unit size, not the season, in most cases, so for the same maintenance fees, if you have the opportunity to buy resale Platinum weeks, you'll get more points per year for the same $$ paid for the maintenance of that unit.

 

[whatsburning]

For as much as the sales pitch left a bad taste in my mouth I will give HGVC that they are a stand up company and don't play games

Uh oh, don't tell Remy that, he ain't biting!

 

[PenguinTS]

Agreed. I wasn't saying it isn't a better value to "travel" in Gold season, I was saying it is a better value to not "buy" a Gold season TS unit vs. a Platinum season TS unit. A 2BR at a HGVC resort or affiliate will cost X per year based upon the unit size, not the season, in most cases, so for the same maintenance fees, if you have the opportunity to buy resale Platinum weeks, you'll get more points per year for the same $$ paid for the maintenance of that unit.

The quandary I'm in as someone that wants to "jump in", is paying for the huge upfront on PLT worth it over GLD.

When you work the math, you don't recoup the difference until 17 years out... so yes if the upfront pricing was the same everyone would purchase PLT over GLD, but it's not.

Right now it's $1.9/pt for PLT HGVC weeks vs $1.3/pt for GLD HGVC. For affiliates even lower <$1 and the one's that people tend to like are the Carlsbad one's of which mainly only MarBrisa I see on the market (very few listings) with a huge transfer fee and the other is Bay Club with it's high maintenance fee.

 

[pavlovsdog00]

Uh oh, don't tell Remy that, he ain't biting!

Ha! Yeah I guess it was kind of presumptuous of me to call them a stand up company with my limited experience with them!

 

[pavlovsdog00]

The quandary I'm in as someone that wants to "jump in", is paying for the huge upfront on PLT worth it over GLD.

When you work the math, you don't recoup the difference until 17 years out... so yes if the upfront pricing was the same everyone would purchase PLT over GLD, but it's not.

Right now it's $1.9/pt for PLT HGVC weeks vs $1.3/pt for GLD HGVC. For affiliates even lower <$1 and the one's that people tend to like are the Carlsbad one's of which mainly only MarBrisa I see on the market (very few listings) with a huge transfer fee and the other is Bay Club with it's high maintenance fee.

I'm kind of with you...the other point that is routinely brought up is resale of platinum points....but if I bought a Gold pkg for half the price I'm not so sure if I would care as much about resale value

 

[SmithOp]

I'm kind of with you...the other point that is routinely brought up is resale of platinum points....but if I bought a Gold pkg for half the price I'm not so sure if I would care as much about resale value

Exactly, you dont buy timeshares for resale value.

I purchased gold because I always prefer to vacation on the shoulder seasons and it gave me the best bang for the buck at the time. Sure, the break even point is 17 years out, lot can happen in that time.

 

[TheWizz]

The quandary I'm in as someone that wants to "jump in", is paying for the huge upfront on PLT worth it over GLD.

When you work the math, you don't recoup the difference until 17 years out... so yes if the upfront pricing was the same everyone would purchase PLT over GLD, but it's not.

Right now it's $1.9/pt for PLT HGVC weeks vs $1.3/pt for GLD HGVC. For affiliates even lower <$1 and the one's that people tend to like are the Carlsbad one's of which mainly only MarBrisa I see on the market (very few listings) with a huge transfer fee and the other is Bay Club with it's high maintenance fee.

You can buy DIRECT from Grand Pacific Palisades Resale Dept. for ~$1 per point for PLT weeks at GPP w/ the ability to convert into HGVC, which also gives you HGVC Elite benefits if you cross the 14K point mark. Feel free to PM me for more information about how this works. I did this a few years ago and have been very pleased with my decision. I have Elite access/benes with HGVC and Grand Pacific is my home resort so I have access to all the Grand Pacific Resorts for last-minute deals and GPR benes.

 

[Royal Flush]

First off...great website.

Second...like most I went through the HGVC sales pitch. Not only was it high pressure, but after the salesperson realized I wasn't going to plop down 6k down payment they tried to push me into something I knew was a bad idea (3400 points odd years). The fact that they thought I was naive enough to pay 1k a year maintenance for essentially a 3 day vacation every other year frankly made me

...but here's the thing. I like HGVC. I would love to have this for my family. I do realize, though, it would probably take me 7000 points a year to make it worthwhile.

So some help please. Let's be realistic....what should I expect on the resale market? Sure I see the $2,000 resale on ebay...but I know that would never go through ROFR. Can I get this for under 10k? Are there sites I should avoid?

I know this probably has been covered a million times, but it is a lot to go through....thanks in advance!

You can expect the good people at TUG to advertise the $1 timeshares on EBAY, poor desperate people (maybe some unemployed) being ripped off and now being hurt by this. You will NEVER sell your timeshare as long as this goes on, why should anyone pay a fair price when they can find out on TUG (see the marketplace, what a JOKE!!) that EBAY advertises free timeshares, with owners PAYING the legal fees to get rid of their timeshares and the beat goes on and on, with TUG joining into the RACE to the bottom.
Good Luck, so sorry you got fooled

 

[TheWizz]

Perhaps I am misreading pavlovsdog00 posts, but it sounds like he exercised his recension rights and got his $$ back and is now looking for resale opportunities. If that is the case, review my post earlier and take a look at some of the affiliates like Grand Pacific for resale options. Slightly higher MFs than say FL, but typically a lower price compared to Flamingo.

 

[pavlovsdog00]

You can expect the good people at TUG to advertise the $1 timeshares on EBAY, poor desperate people (maybe some unemployed) being ripped off and now being hurt by this. You will NEVER sell your timeshare as long as this goes on, why should anyone pay a fair price when they can find out on TUG (see the marketplace, what a JOKE!!) that EBAY advertises free timeshares, with owners PAYING the legal fees to get rid of their timeshares and the beat goes on and on, with TUG joining into the RACE to the bottom.
Good Luck, so sorry you got fooled

yeah i'm confused. I didn't buy anything (except for the VIP teaser that I ultimately canceled). Unless you just mean that I got "fooled" into thinking HGVC was even worth it on the resale market?