How much are these worth:

levatino · Jul 14, 2010

How much do you think these options are worth and which do you prefer?

1) 2 Bedroom Plus, Platinum, Hilton Las Vegas Strip, 8400 annual points. $907.10 yearly MF

Owe MF's for 2010 -- AND only 2,190 points remain for 2011 year.

2) 2 bedroom, Platinum, Seaworld, 7000 annual points, $908.78
7000 points available in 2011

tahoeJoe · Jul 14, 2010

levatino said:
How much do you think these options are worth and which do you prefer?

1) 2 Bedroom Plus, Platinum, Hilton Las Vegas Strip, 8400 annual points. $907.10 yearly MF

Owe MF's for 2010 -- AND only 2,190 points remain for 2011 year.

2) 2 bedroom, Platinum, Seaworld, 7000 annual points, $908.78
7000 points available in 2011

You can always check recent e-bay closings.

-TJ

levatino · Jul 14, 2010

Yes, I am looking for what TUGers think is more desirable.

Paul

glypnirsgirl · Jul 14, 2010

I think that the Las Vegas contract is STRIPPED. It will be useless to the new purchaser for the following year - not really usable until 2012. Based on that, I believe that the Orland contract is much more desirable.

elaine

bankr63 · Jul 14, 2010

As a math question? I would discount any bid for the LV pts by about $1600 to make up for the extra MF/used points. Other than that it becomes a question of cost per pt, and MF per point. Right now the LV pts have a better MF/pt than Orlando. Look at some posts here to see what will likely pass ROFR on a $/pt basis.

On a better to own basis, where do you like to go? The home priority probably means something if you want to travel to one destination over the other on a semi-regular basis. Another thought; if you ever curtail your travel plans, getting to Vegas from Sacramento would be cheaper than heading to Orlando. Is there value for you in owning close to home?

On the "what do Tuggers think is more desirable" basis, I love Orlando, dislike Sin City. My choice is clear. Nuff said.

M Ross.

GregT · Jul 14, 2010

Levatino,

If it was me, I'd buy the 8,400 point program -- even though 2011 points have been borrowed (which allows you to negotiate a better price) you have more points in perpetuity for the same MFs.

I saw a 9,600 points HHV property go for $13K on eBay, but it has higher MFs and HHV home resort advantage has value.

Good luck, and let us know what you do -- if you can get for $1/point that's a screaming deal I would think, but other HGVC TUGgers are closer to pricing than I am.

Greg

Bill4728 · Jul 14, 2010

The LV deal is better except for this quote

Owe MF's for 2010 -- AND only 2,190 points remain for 2011 year.

With only ~2200 pts in 2011 ( I assume that you're getting zero pts in 2010) the buyer shouldn't be paying either 2010 or 2011 MFs. Since you're basically only getting use starting in 2012 that its the first year you should pay mfs.

sjuhawk_jd · Jul 14, 2010

Go for the 8400 point value. You can always buy the points from another HGVC owner for 2011 usage. HGVC will transfer points between owners if both of them get on the phone with them.

TUGmember100 · Jul 14, 2010

Transfer points between owners?

sjuhawk_jd said:
Go for the 8400 point value. You can always buy the points from another HGVC owner for 2011 usage. HGVC will transfer points between owners if both of them get on the phone with them.

Really...this can be done just by both getting on the phone with HGVC?! Any fees involved? That's good news...if we needed to combine points with my parents (in laws to me) for longer stays or larger accommodations!

levatino · Jul 14, 2010

Asking the 'seller' to subtract out the MF is not an option. Its either this deal or take a risk that hilton will reinstate the 2011 points after it closes. I really doubt they will do that. Does anyone have any experience with hilton 'reinstating' the used points?

Thanks,
paul

sjuhawk_jd · Jul 14, 2010

If the points have been used by the previous owner, than why should Hilton reinstate the points for you after you become an owner?

Just figure out the total cost to you (including the loss of 2011 points) for each contract and then make your decision. The data that you have provided here for our feedback is also sketchy at best since we do not know the sales price, closing costs, and who is paying what MFs.

yumdrey · Jul 15, 2010

If you HAVE TO pay 2010 and 2011 MF even though you don't get the usage (I don't think you will find much use with 2000+ points for 2011), you need to add that cost to your purchase (upfront) cost.
Hilton NEVER reinstate 2011 points to you even though you pay 2011 MF. Once seller took the points, that's it!
I wish you make a wise decision!

brp · Jul 15, 2010

levatino said:
Does anyone have any experience with hilton 'reinstating' the used points?

Thanks,
paul

Hilton will make deals for extra points and such if you buy through them, as an incentive. When you buy resale, there's no reason for Hilton to provide any perks as they only get a transfer fee. There's nothing in it for them.

Cheers.

GregT · Jul 15, 2010

levatino said:
Asking the 'seller' to subtract out the MF is not an option. Its either this deal or take a risk that hilton will reinstate the 2011 points after it closes. I really doubt they will do that. Does anyone have any experience with hilton 'reinstating' the used points?

Thanks,
paul

Paul, what are the asking prices for these? I don't think I saw where you have a price that you're contemplating?

I'd still rather have the 8,400 annual points....thx

ricoba · Jul 16, 2010

Aren't they really worth whatever the potential buyer is willing to pay?

sjuhawk_jd · Jul 16, 2010

brp said:
Hilton will make deals for extra points and such if you buy through them, as an incentive. When you buy resale, there's no reason for Hilton to provide any perks as they only get a transfer fee. There's nothing in it for them.

Cheers.

Yes, there is. Ongoing club dues and maintenance fees plus booking fees, etc. Chance to reel you in with offers to upgrade your membership when you travel to their resorts. The previous owner may be defaulting on some of this stuff!

Talent312 · Jul 16, 2010

sjuhawk_jd said:
Ongoing club dues and maintenance fees plus booking fees, etc... The previous owner may be defaulting on some of this stuff!

Sorry. There's no free lunch on Hilton.
HGVC will insist that the buyers bring any past due stuff up to date as a prequisite to registering the transfer and removing any lock-out which may be in place.

They won't hand out any new points which encumbers their inventory for good-will, either. They would just as soon take back the TS thru foreclosure and resell it themselves, without being out anything other than court costs.

levatino · Jul 16, 2010

1) 2 Bedroom Plus, Platinum, Hilton Las Vegas Strip, 8400 annual points. $907.10 yearly MF. Owe MF's for 2010 -- AND only 2,190 points remain for 2011 year.
Cost $7,430 + 225 closing + 299 transfer + 907 MF (2010) + 907 MF (2011) = $9,768 for 2,190, 2011 points...

2) 2 bedroom, Platinum, Seaworld, 7000 annual points, $908.78
7000 points available in 2011.... $6,399 + 425 closing + 299 transfer + 909 MF = $8,032 w/7,000 2011 points

I guess the only silver lining of the spent up points is that Hilton is less likely to take it back through ROFR. What do you all think?

Talent312 · Jul 16, 2010

IMHO, the 8400 point unit is the clear winner, even if the use in 2011 is restricted. Over time, it will provide far more options, for not much more $$.

What I would do to compare these units:
Add the cost to buy and 10, 15 or 20 years of MF's (ignoirng increases) and divide that total by the total # of points that would be earned over that time to get a true cost of ownership per point.

poorguy · Jul 16, 2010

Based on what I recently paid for 7000 points at Sea World I can say that one is a good deal.

Regarding your math comparisons for the Vegas unit you are including 2011 MF, but for Sea World you didn't. I think to compare the two you need to factor in 2011 MF for Sea World. Doing so it makes it seem even more clear the Vegas points look like a better deal. As long as you don't mind waiting until 2012 to use the points.

Curious about these numbers and ROFR. Does Hilton look at all of the numbers or just the purchase price? For my transaction I didn't pay 2010 MF since the points weren't available until 2011. It's all in how you break it down b/c your purchase price is very low, but starts to approach mine overall factoring in the MF. I guess my point is rather than saying the base cost is $7430 and then tacking on MFs. Does it stand a better chance of passing ROFR if the base cost is $8307 with no reimbursement of fees. Or does it not matter?

Talent312 · Jul 17, 2010

poorguy said:
Curious about these numbers and ROFR. Does Hilton look at all of the numbers or just the purchase price? For my transaction I didn't pay 2010 MF since the points weren't available until 2011. It's all in how you break it down b/c your purchase price is very low, but starts to approach mine overall factoring in the MF. I guess my point is rather than saying the base cost is $7430 and then tacking on MFs. Does it stand a better chance of passing ROFR if the base cost is $8307 with no reimbursement of fees. Or does it not matter?

That's a very good "advanced seminar" question.
I think it would be the total lay-out, including HOA-MF's to be paid.
But only the gnomes in the basement of the HGVC office may know. :shrug:

levatino · Jul 23, 2010

I have decided to move forward with the 8,400 point package. If anyone is interested in 7,000 Sea World points at this reasonable price, let me know via PM and I will pass it on to you. It is a decent deal and I would like to see a TUGGER benefit. I am not a seller and in no way benefit.

Paul

How much are these worth:

levatino

tahoeJoe

levatino

glypnirsgirl

Tug Review Crew: Rookie

bankr63

TUG Review Crew

GregT

TUG Member

Bill4728

sjuhawk_jd

TUGmember100

levatino

sjuhawk_jd

yumdrey

TUG Review Crew: Veteran

brp

GregT

TUG Member

ricoba

sjuhawk_jd

Talent312

TUG Review Crew: Veteran

levatino

Talent312

TUG Review Crew: Veteran

poorguy

TUG Review Crew: Veteran

Talent312

TUG Review Crew: Veteran

levatino