Timeshare Traveler Episode 59... Are HGV Max Premier Benefits Worth It?

[dioxide45]

Is a Scotland week bought on eBay usually cost more than one direct from HGV? If so, how can one say that the prices direct form HGV are “resale” prices?

 

[HuskerATL]

Is a Scotland week bought on eBay usually cost more than one direct from HGV? If so, how can one say that the prices direct form HGV are “resale” prices?

Well, my 1 bedroom Platinum week that comes with 7,680 points cost me $1,883 purchased from Andrew at Craigendarroch. I doubt that you can get it much cheaper from other third party sellers. Now, compare that price to what retail/developers are selling 1 bedroom platinum for....$30k....or somewhere around there.

 

[MattnTricia]

Actually, I paid about $2k for each of my Craigendarroch properties so about $14k for 46,400 elite eligible points.

Is this 46400 Pre or Post point inflation.
Did this cost include the initiation fee to HGVC and closing costs?
How many total units and are they all former platinum 7000 point weeks?
I know how great the former 7k weeks are for maintenance fee value at <$900 each.
Curious If you maximized your point to MF value also in addition to outstanding upfront purchase costs.

I have seen a few incredible Elite Buyins and yours is definitely one of them.

 

[HuskerATL]

Is this 46400 Pre or Post point inflation.
Did this cost include the initiation fee to HGVC and closing costs?
How many total units and are they all former platinum 7000 point weeks?
I know how great the former 7k weeks are for maintenance fee value at <$900 each.
Curious If you maximized your point to MF value also in addition to outstanding upfront purchase costs.

I have seen a few incredible Elite Buyins and yours is definitely one of them.

Post point inflation. The price that I listed is the purchase price, legal fee, and VAT combined. As an example one of my 1 Bedroom Platinum was £1,400 purchase price, a legal fee of £162.50, VAT of £32.50 so £1595 total. Then you have the £293 for each lodge to be added to HGVC. The only other cost is if there is 2022 MFs to be paid. I bought 6 and 3 had 2022 fees so I had to pay those which were £567 for each of the 1 bedroom Platinum 7,680 point units. Five were the 1 bedroom platinum and one was a 2 bedroom gold. The reason that I added in the gold was that with my existing retail ownership it gave me exactly 54,400 to make Elite Premier plus we have a couple other Vegas resales. My MF/point for the 1 bedrooms are .096 and the 2 bedroom is .119. Our average cost per point was .30/point.

I could have reduced my overall MFs by getting 3 bedroom platinums but still would have needed 4 to get to the end goal and would have a lot higher upfront cost. They are about .07 MF/point and have 13,400 points. For 4, the overall MFs would have been £3,356 compared to mine which is £3,565 but the upfront were 3 to 4 times higher and just to add, I don't think there were 4 available so it would have needed to mix between 2 and 3 bedrooms.

Overall, it turned out okay. I could have done it a little differently but for the cost and the MFs, they have already paid for their selves with the 2022 reservations that I have made at places that are more expensive and have higher MFs. I have 6 trips for 2022 and two for 2023 so far.

 

[Clifbell]

Post point inflation. The price that I listed is the purchase price, legal fee, and VAT combined. As an example one of my 1 Bedroom Platinum was £1,400 purchase price, a legal fee of £162.50, VAT of £32.50 so £1595 total. Then you have the £293 for each lodge to be added to HGVC. The only other cost is if there is 2022 MFs to be paid. I bought 6 and 3 had 2022 fees so I had to pay those which were £567 for each of the 1 bedroom Platinum 7,680 point units. Five were the 1 bedroom platinum and one was a 2 bedroom gold. The reason that I added in the gold was that with my existing retail ownership it gave me exactly 54,400 to make Elite Premier plus we have a couple other Vegas resales. My MF/point for the 1 bedrooms are .096 and the 2 bedroom is .119. Our average cost per point was .30/point.

I could have reduced my overall MFs by getting 3 bedroom platinums but still would have needed 4 to get to the end goal and would have a lot higher upfront cost. They are about .07 MF/point and have 13,400 points. For 4, the overall MFs would have been £3,356 compared to mine which is £3,565 but the upfront were 3 to 4 times higher and just to add, I don't think there were 4 available so it would have needed to mix between 2 and 3 bedrooms.

Overall, it turned out okay. I could have done it a little differently but for the cost and the MFs, they have already paid for their selves with the 2022 reservations that I have made at places that are more expensive and have higher MFs. I have 6 trips for 2022 and two for 2023 so far.

That is impressive. One can always do better especially in hindsight. But this is great

 

[HuskerATL]

That comment is what gets people confused. It is NOT resale anymore than the weeks that Vistana, Wyndham, or any other timeshare system sells. 95% were previously 'sold' to someone else.

@Pathways Just to come back to this and show you that it is a resale, as per the Holiday Certificate, because we bought it from another owner but facilitated by HGVC. I guess that it can be confusing to some folks but it is what it is. Also, for the end date question from @Smclaugh99 , as you can see, it is in perpetuity.

 

[dioxide45]

Well, my 1 bedroom Platinum week that comes with 7,680 points cost me $1,883 purchased from Andrew at Craigendarroch. I doubt that you can get it much cheaper from other third party sellers. Now, compare that price to what retail/developers are selling 1 bedroom platinum for....$30k....or somewhere around there.

Sounds like resale pricing to me.

 

[Pathways]

@Pathways Just to come back to this and show you that it is a resale, as per the Holiday Certificate, because we bought it from another owner but facilitated by HGVC. I guess that it can be confusing to some folks but it is what it is. Also, for the end date question from @Smclaugh99 , as you can see, it is in perpetuity.

View attachment 56608

Thanks. And not to be repetitive, but as the purchaser of MANY of these weeks, it can be called anything you like, but for the purposes of HGVC these have always ACTED as developer weeks. Therefore, in this forum to keep from confusing those just learning, I don't want to refer to them as anything different.

It seems that initial reports are that they will not count toward MAX, but we don't have any reports yet from the other resorts who sell that same way to confirm (namely south FL resorts). If all the resorts in FL begin to report that the weeks they sell are not counting, then I will gladly change my terminology.

All of the S FL resorts sell that same way, (except I believe Miami Beach) by listing for owners wanting to sell. My guess is if HGVC stops those weeks from counting as developer weeks, it will put the sales staff out of business. AND cause a substantial drop in price. That is the MAIN pitch the sales staff uses to get owners to list through them. Developer sale = higher selling price.

I own a week from FL which my son sold to me using the sales staff at the FL resort. It cost me the commission, but made the week a 'developer' sale. Sure it was a resale, but if the eyes of HGVC, it is TREATED as developer. The difference in my FL purchase from those in Scotland, the FL sales staff had a much higher selling price floor before they would agree to broker the sale. YMMV

Interestingly enough, at a recent stay in HI, they signed me up for the update. Called later and said I could not attend b/c I was a resale owner. Said there was an 'issue with a FL week' I suggested that it was NOT a resale week, and they called HGVC HQ the next day. Called me back and said the update was on, that even though I had some weeks 'coded' as resale, they were actually developer weeks, something about how certain resorts sell their weeks. She didn't elaborate, nor did I ask further as I knew exactly what the issue was.

 

[HuskerATL]

Thanks. And not to be repetitive, but as the purchaser of MANY of these weeks, it can be called anything you like, but for the purposes of HGVC these have always ACTED as developer weeks. Therefore, in this forum to keep from confusing those just learning, I don't want to refer to them as anything different.

It seems that initial reports are that they will not count toward MAX, but we don't have any reports yet from the other resorts who sell that same way to confirm (namely south FL resorts). If all the resorts in FL begin to report that the weeks they sell are not counting, then I will gladly change my terminology.

All of the S FL resorts sell that same way, (except I believe Miami Beach) by listing for owners wanting to sell. My guess is if HGVC stops those weeks from counting as developer weeks, it will put the sales staff out of business. AND cause a substantial drop in price. That is the MAIN pitch the sales staff uses to get owners to list through them. Developer sale = higher selling price.

I own a week from FL which my son sold to me using the sales staff at the FL resort. It cost me the commission, but made the week a 'developer' sale. Sure it was a resale, but if the eyes of HGVC, it is TREATED as developer. The difference in my FL purchase from those in Scotland, the FL sales staff had a much higher selling price floor before they would agree to broker the sale. YMMV

Interestingly enough, at a recent stay in HI, they signed me up for the update. Called later and said I could not attend b/c I was a resale owner. Said there was an 'issue with a FL week' I suggested that it was NOT a resale week, and they called HGVC HQ the next day. Called me back and said the update was on, that even though I had some weeks 'coded' as resale, they were actually developer weeks, something about how certain resorts sell their weeks. She didn't elaborate, nor did I ask further as I knew exactly what the issue was.

As of right now, the Scotland won't count for Max, according to the Scotland folks. I keep thinking that maybe we will get tossed in with the Opt In folks when they get their email but I am not holding my breath.

 

[ArkansasTraveler]

Thanks. And not to be repetitive, but as the purchaser of MANY of these weeks, it can be called anything you like, but for the purposes of HGVC these have always ACTED as developer weeks. Therefore, in this forum to keep from confusing those just learning, I don't want to refer to them as anything different.

It seems that initial reports are that they will not count toward MAX, but we don't have any reports yet from the other resorts who sell that same way to confirm (namely south FL resorts). If all the resorts in FL begin to report that the weeks they sell are not counting, then I will gladly change my terminology.

All of the S FL resorts sell that same way, (except I believe Miami Beach) by listing for owners wanting to sell. My guess is if HGVC stops those weeks from counting as developer weeks, it will put the sales staff out of business. AND cause a substantial drop in price. That is the MAIN pitch the sales staff uses to get owners to list through them. Developer sale = higher selling price.

I own a week from FL which my son sold to me using the sales staff at the FL resort. It cost me the commission, but made the week a 'developer' sale. Sure it was a resale, but if the eyes of HGVC, it is TREATED as developer. The difference in my FL purchase from those in Scotland, the FL sales staff had a much higher selling price floor before they would agree to broker the sale. YMMV

Interestingly enough, at a recent stay in HI, they signed me up for the update. Called later and said I could not attend b/c I was a resale owner. Said there was an 'issue with a FL week' I suggested that it was NOT a resale week, and they called HGVC HQ the next day. Called me back and said the update was on, that even though I had some weeks 'coded' as resale, they were actually developer weeks, something about how certain resorts sell their weeks. She didn't elaborate, nor did I ask further as I knew exactly what the issue was.

Hello, I'm interested in purchasing in SW Florida as you did (through HGVC). At which property did you purchase? Do you know where I can view these weeks for sale?
TIA!

 

[dayooper]

Hello, I'm interested in purchasing in SW Florida as you did (through HGVC). At which property did you purchase? Do you know where I can view these weeks for sale?
TIA!

Each resort has an office that deals with resale. You can contact a SW Florida resorts sales office and they can tell you what they have for sale.

 

[iiderman]

Hello, I'm interested in purchasing in SW Florida as you did (through HGVC). At which property did you purchase? Do you know where I can view these weeks for sale?
TIA!

We purchased a week this February from an Hgv rep at Sea watch on the beach in Fort Myers and we are not part of Max. We did however qualify to be upgraded from elite plus to elite Premier with the same purchase. So developer purchase that qualified for elite but not for Max

 

[HuskerATL]

Hello, I'm interested in purchasing in SW Florida as you did (through HGVC). At which property did you purchase? Do you know where I can view these weeks for sale?
TIA!

Make sure to understand the difference between flex and fixed weeks and the pros/cons for a flex week.

 

[ocdb8r]

The only difference is in Scotland HGVC has no budget to BUY or take back weeks from owners.

In the case of Scotland, HGVC is just playing the middleman like Judi and LT Transfers do.

This is not strictly correct; HGVC in Scotland does have a take back program, so they do own a limited number of weeks. I don't think it's particularly relevant to this conversation as the sales office there treats the weeks they sell the same, regardless of where they are coming from (HGVC owned or acting as a "broker" for other existing owners).

 

[HuskerATL]

This is not strictly correct; HGVC in Scotland does have a take back program, so they do own a limited number of weeks. I don't think it's particularly relevant to this conversation as the sales office there treats the weeks they sell the same, regardless of where they are coming from (HGVC owned or acting as a "broker" for other existing owners).

I will say that all 6 that I have bought from them have been from other owners but just facilitated by HGVC.

 

[Pathways]

Hello, I'm interested in purchasing in SW Florida as you did (through HGVC). At which property did you purchase? Do you know where I can view these weeks for sale?
TIA!

Simply call the resorts you are interested in and ask if they a sales team. Some do, and some don't. (Also I believe some share)