I'm looking at purchasing a timeshare at the Hilton Grand Vacations Club on the Las Vegas Strip for 10K points for about $12.5K including the unit, closing costs, etc. Is this a good deal?
Do you know exactly what you are buying? The only way I know to get 10,000 points at that location is to own two 2BR Gold weeks. That means you will have two maintenance fees every year (I think they are running between $800 and $900 per week on a 2BR at that location).I'm looking at purchasing a timeshare at the Hilton Grand Vacations Club on the Las Vegas Strip for 10K points for about $12.5K including the unit, closing costs, etc. Is this a good deal?
There is no single week at Las Vegas Strip that is worth 10,000 points. That location is the only one in Las Vegas currently that has 3BR units (the new Elara will have them, but that is not fully integrated into HGVC yet). The 3BR units on the strip are all "3BR Plus" units, which are penthouse units. They are worth either 9,600 points for a week in Platinum season, or 7,000 points for a week in Gold season.It's through a private sale. I believe it is a 3 bedroom unit but I'm double checking on all the details again now.
There is no single week at Las Vegas Strip that is worth 10,000 points. That location is the only one in Las Vegas currently that has 3BR units (the new Elara will have them, but that is not fully integrated into HGVC yet). The 3BR units on the strip are all "3BR Plus" units, which are penthouse units. They are worth either 9,600 points for a week in Platinum season, or 7,000 points for a week in Gold season.
If it really is two 2BR Gold season weeks, the price is not all that great. If it is a 9,600 point 3BR Plus Platinum season week, that is a steal of a price.
Title insurance is really up to you, depending on how comfortable you feel with the purchase. If there is a chance the title is not clear, it would be best to get the insurance.
Kurt
Thanks for the tip. It looks like it is a two 2 BR units Gold season or one unit for two weeks. Still waiting on clarification from the seller. I'm not so sure it is that great of a deal anymore.
It's not. Don't get hung up on purchase price, $1.00 - $1.50 per point is what I've seen on eBay. Think of using it 20 years and do the math on annual use costs, paying 2 maint fees per year adds up.
Yes, a 7k platinum is better for your budget.
Less maintenance fees is better unless you need a particular resort,
week, and/or number of bedrooms.
I got mine 1.5 years ago for $8300 but prices have gone up.
I always trade through the Hilton system so the points and maintenance
fees are what I focus on.
Remember that Flamingo properties do not have ROFR so Hilton
can't snatch it away from you if it is too cheap.
Watch out for posts on what passes ROFR in the TUG forum to know
what a good deal is.
Here is 1 for $11k which I think is fairly priced.
http://www.ebay.com/itm/7000-HGVC-P...=Timeshares&hash=item53ed435fcb#ht_4605wt_986
good luck
Thanks, I'll stick to a 5K or 7K platinum units.
Platinum weeks would be 7K or higher for 2 BR (higher for plus or premium units), or would be 4.8K or higher for a 1 BR (higher for plus or premium units).
A 5K 2 BR gold week will always be cheaper to purchase, but the MF per point will always be significantly more than a platium week, and with any duration of owning the unit, MF costs would probably outstrip purchase cost.
Yes, a 7k platinum is better for your budget.
Less maintenance fees is better unless you need a particular resort,
week, and/or number of bedrooms.
I got mine 1.5 years ago for $8300 but prices have gone up.
I always trade through the Hilton system so the points and maintenance
fees are what I focus on.
Remember that Flamingo properties do not have ROFR so Hilton
can't snatch it away from you if it is too cheap.
Watch out for posts on what passes ROFR in the TUG forum to know
what a good deal is.
Here is 1 for $11k which I think is fairly priced.
http://www.ebay.com/itm/7000-HGVC-P...=Timeshares&hash=item53ed435fcb#ht_4605wt_986
good luck
Here is 1 for $11k which I think is fairly priced.
http://www.ebay.com/itm/7000-HGVC-P...=Timeshares&hash=item53ed435fcb#ht_4605wt_986
good luck
I've never understood why people would pay a premium for week 52 in LV. I have looked for the last several years and there is no problem booking NYE in Vegas at the 9 month mark. I have even seen availability just a few months out. Why in the world would someone pay extra for that?!?That is an event week 52, will get top dollar, only bid if you want the home advantage of spending NYE in Vegas. Event weeks are automatically booked, you have to cancel to use the points to go elsewhere.
I've never understood why people would pay a premium for week 52 in LV. I have looked for the last several years and there is no problem booking NYE in Vegas at the 9 month mark. I have even seen availability just a few months out. Why in the world would someone pay extra for that?!?
Kurt
Thanks Sandy. It shows you have the HGVC Elite status. Did you buy directly from Hilton? Is it worth it? It doesn't seem to transfer over with the resales from what I've been reading.