Splitting Deed with multiple units in it?

[Chris-ATX]

Let’s say I find a resale deal with multiple units / weeks in it. If I wanted to later sell just one of the weeks out of that deed, can it be done?

Eg - buy a resale deal with 2 weeks at Paradise, 1 platinum and 1 gold week.

Am I able to sell the gold week out from the platinum one?

Just curious. Thanks!

 

[escanoe]

Why is it I get the sense you are watching the ebay auction going down now where the seller has 38,400 points of Boulevard gold and platinum units all deeded together? My understanding is they can be broken apart. I think if I was trying to sell that wad of points, I would figure out how.

Someone must be getting out of HGVC in a significant way. The same seller has a few more Boulevard properties that I imagine coming from the same previous owner.

 

[Talent312]

You simply draft & sign a deed that includes the one you want to sell, and omits the one you want to keep. Note: This does not apply to weird hybrid deeds at Valdoro for fixed+floating weeks.
,

 

[dioxide45]

You simply draft & sign a deed that includes the one you want to sell, and omits the one you want to keep. Note: This does not apply to weird hybrid deeds at Valdoro for fixed+floating weeks.
,

Technically, they probably need to do multiple deeds. One for the unit that is being sold. Seller to buyer. Then another from the current owner to the current owner with the units not being transferred.

 

[Talent312]

... Then another from the current owner to the current owner with the units not being transferred.

I disagree with this... The one kept simply retains its status if not included.
However, the deed for the sold TS could recite that the other is omitted intentionally, lest anyone have a doubt about it.
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Note: This is not intended as legal advice, merely the musings of an armchair quarterback. For competent legal advice the OP should consult an attorney licensed by the state where the TS is located.

 

[Tamaradarann]

Let’s say I find a resale deal with multiple units / weeks in it. If I wanted to later sell just one of the weeks out of that deed, can it be done?

Eg - buy a resale deal with 2 weeks at Paradise, 1 platinum and 1 gold week.

Am I able to sell the gold week out from the platinum one?

Just curious. Thanks!

I am not sure I understand what you are saying. You are looking at a resale deal with multiple units in it. In the first sentance you use the word DEAL but in the second you use the word DEED. I assume we are talking about Deeded Timeshare Property.

My understand you can buy a DEAL with as many units as the owner wants to sell and you want to buy in the negotiated deal. In the deal there would be DEEDS for each unit. You can then turn around and sell whatever unit you want to sell. A DEED for the unit you want to sell would go with the unit you want to sell.

 

[Chris-ATX]

Trying to clarify:

I found a resale opportunity with multiple intervals within a single deed.

The intervals are platinum and gold. I’d want to split out the gold intervals into a separate deed and sell it but keep the platinum moving forward.

The current implied price looks good, even with the gold interval for a couple years, but I’d still want to drop the gold interval due to the eventual drag on MF fees to points

 

[Tamaradarann]

Trying to clarify:

I found a resale opportunity with multiple intervals within a single deed.

The intervals are platinum and gold. I’d want to split out the gold intervals into a separate deed and sell it but keep the platinum moving forward.

The current implied price looks good, even with the gold interval for a couple years, but I’d still want to drop the gold interval due to the eventual drag on MF fees to points

I believe you did clarify well, I just didn't think that HGVC had multiple units within the same deed since all of my units have individual deeds. That is an odd one on me I wonder how that was created initially?

 

[Tamaradarann]

Trying to clarify:

I found a resale opportunity with multiple intervals within a single deed.

The intervals are platinum and gold. I’d want to split out the gold intervals into a separate deed and sell it but keep the platinum moving forward.

The current implied price looks good, even with the gold interval for a couple years, but I’d still want to drop the gold interval due to the eventual drag on MF fees to points

By the way are you sure that the intervals are one DEED, and not that the owner just wants to sell them as a joint purchase that can't be broken up even though they are separate deeds?

 

[1Kflyerguy]

By the way are you sure that the intervals are one DEED, and not that the owner just wants to sell them as a joint purchase that can't be broken up even though they are separate deeds?

While not that common, HGV has definitely sold multiple units on single deeds. I would guess these are attractive to people that need multiple units for a large family, or perhaps people that always visit a location multiple times a year. In the OP's example with a deed in Vegas, i would guess the original purchaser may have been attending two annual events in Vegas, like a tradeshow or some kind of Tournament.

 

[Tamaradarann]

While not that common, HGV has definitely sold multiple units on single deeds. I would guess these are attractive to people that need multiple units for a large family, or perhaps people that always visit a location multiple times a year. In the OP's example with a deed in Vegas, i would guess the original purchaser may have been attending two annual events in Vegas, like a tradeshow or some kind of Tournament.

If one of the units is Platinum and one Gold I don't know how that would be a benefit for accomodating a large family since both could not be reserved during the owner's season! The likelyhood of 2 tradeshows or events in different seasons while possible is quite a stetch since the tradeshow or event could change their dates.

 

[hgvcdude]

Did someone in here win this one? I almost placed a bid but decided not to.

 

[dioxide45]

While not that common, HGV has definitely sold multiple units on single deeds. I would guess these are attractive to people that need multiple units for a large family, or perhaps people that always visit a location multiple times a year. In the OP's example with a deed in Vegas, i would guess the original purchaser may have been attending two annual events in Vegas, like a tradeshow or some kind of Tournament.

I think if they were sold two weeks at the same time at the same resort, they just put them on a single deed in order to save on closing costs. I have seen this happen with Marriott deeds also.

 

[WaikikiFirst]

in order to save on closing costs

seemed like the likely reason. If they figure they'll use it for 20 yrs, they figure it'll work itself out after 20 yrs.

 

[Wgk101]

I purchased a similar deed at Las Vegas. A gold three bedroom and a platinum two bedroom. Each were 7000 points. The deed listed both properties separately on the single deed. I was to
D that if I wanted to sell only one I would convey the description that fit te unit I wanted to sell.

 

[Chris-ATX]

Did someone in here win this one? I almost placed a bid but decided not to.

I bid on it but didn't win. It went for $5300, which really is a reasonable deal, but given our intention of selling the gold intervals and the effort (and likely costs) to split them and to do that, our price limit was $2K for the package.

We don't /need/ new points right now, but /want/ more points. Therefore, we will just keep holding out for a good (to us) deal in the meantime (we got a 11,200 plat Paradise earlier this year for $1500 + activation, so that is our benchmark). Something tells me there will be deal to have later this fall with MF get announced

cheers!

 

[1Kflyerguy]

If one of the units is Platinum and one Gold I don't know how that would be a benefit for accomodating a large family since both could not be reserved during the owner's season! The likelyhood of 2 tradeshows or events in different seasons while possible is quite a stetch since the tradeshow or event could change their dates.

I did not mean to imply that all of these reasons applied to the particular deed the OP mentioned, this was more about the concept of multiple units on a single deed. I have seen numerous listing with two gold or platinum weeks on single deed.

There are plenty of events that don't move much from year to year. Besides I don't believe there is any requirement that timeshare purchases need to be rational...

 

[brp]

While not that common, HGV has definitely sold multiple units on single deeds.

They do. We have one. Two platinum weeks, same deed. This was also bought on eBay.

What we did on this one was to note that it had no bids, and I watched the time tick away with no bids. After it closed, I contacted the seller and negotiated a reduced price from the eBay listing.

Cheers.