Developer Purchase vs Auth Reseller

[Bmoe]

Hi,

Was under the impression that pro of reseller purchase was property is paid in full. I'm seeing some timeshare sites and ebay listings where need to pay thousands of dollars. Was going to purchase second property but now looks like I might just upgrade through hgvc.

I'm obviously missing something. Why do people love resale so much?

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[brp]

I'm not clear about the "need to pay thousands of dollars." Beyond the closing fees (like $200) and transfer fees ($609), what other fees are you seeing? if the property is not actually paid, i.e. there's a loan, I guess it could be resold and new owner assume the loan (bad idea), but I have yet to see a listing like that on ebay. Can you provide an example?

If you upgrade through HGVC, you will pay more than you could get the same property for resale. That's why we love it.

Cheers.

 

[RX8]

Resale is at least 30% of developer pricing.

Are you looking at Sell My Timeshare Now? That site is loaded with unrealistic resale prices that will never sell. Sites like SMTN are advertising listing companies that collect an upfront fee which is all they care about. These companies want owners to think their timeshare is worth thousands of dollars so that they don’t question paying $1000 to $2000 upfront to list their timeshare ad on their site. Once paid, they got their money so they don’t care if your ad sits for 10 years with no offers.

Please share Resort and resale pricing you are looking at.

 

[Bmoe]

Resale is at least 30% of developer pricing.

Are you looking at Sell My Timeshare Now? That site is loaded with unrealistic resale prices that will never sell. Sites like SMTN are advertising listing companies that collect an upfront fee which is all they care about. These companies want owners to think their timeshare is worth thousands of dollars so that they don’t question paying $1000 to $2000 upfront to list their timeshare ad on their site. Once paid, they got their money so they don’t care if your ad sits for 10 years with no offers.

Please share Resort and resale pricing you are looking at.

Sell My Timeshare Now is exactly what I'm looking at. Was under the impression I could find a resale that was paid off and just pay MF. There are some ebay listings though that look like they are being sold be realtors/resale companies and are charging up front fees similar to SMTN. Would love to find resale that is paid off.

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[Bmoe]

I'm not clear about the "need to pay thousands of dollars." Beyond the closing fees (like $200) and transfer fees ($609), what other fees are you seeing? if the property is not actually paid, i.e. there's a loan, I guess it could be resold and new owner assume the loan (bad idea), but I have yet to see a listing like that on ebay. Can you provide an example?

If you upgrade through HGVC, you will pay more than you could get the same property for resale. That's why we love it.

Cheers.

Just listings on sites like Sell My Timeshare Now that are charging up front prices for the property in addition to fees. Some eBay listings are the same.

One benefit I see to purchasing direct (and I might just have had a one off experience) but the HGVC works to get you financing as well. If I'm buying resale where the listing is charging upfront price I'd have to get financing myself right?

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[dayooper]

Hi,

Was under the impression that pro of reseller purchase was property is paid in full. I'm seeing some timeshare sites and ebay listings where need to pay thousands of dollars. Was going to purchase second property but now looks like I might just upgrade through hgvc.

I'm obviously missing something. Why do people love resale so much?

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Many of those sellers are asking you to pay the current year MF’s. You can avoid those and look for intervals that aren’t asking for those fees.

I’ll give my purchase as an example. I paid $4500 for my platinum 2 bedroom Flamingo and after fees, the total was $6300 (including HGVC enrollment and transfer fees totaling $1000). If I were to buy a similar unit from the developer, it would run over $40000. Almost a 90% discount.

Take your time and find the right deal. Negotiate if you can. The deals are out there, you just may have to look and work for them. Doing timesharing right takes planning and time, even if you buy from a developer. Buying resale will save you money, but ultimately you have to feel comfortable with your purchase.

 

[dayooper]

Just listings on sites like Sell My Timeshare Now that are charging up front prices for the property in addition to fees. Some eBay listings are the same.

One benefit I see to purchasing direct (and I might just have had a one off experience) but the HGVC works to get you financing as well. If I'm buying resale where the listing is charging upfront price I'd have to get financing myself right?

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What are trying to buy? Taking a loan on a timeshare is a bad idea, IMHO. There’s a reason why it’s usually only developers that offer financing, and that’s at ridiculous rates!

Try redweek.com or our own TUG marketplace. Much better deals there.

 

[Bmoe]

What are trying to buy? Taking a loan on a timeshare is a bad idea, IMHO. There’s a reason why it’s usually only developers that offer financing, and that’s at ridiculous rates!

Try redweek.com or our own TUG marketplace. Much better deals there.

Yeah that's probably one of the reasons why folks don't buy direct cause we don't have the cash upfront. Honestly I wouldn't be able to pay more than $2k upfront (fees and any listing price seller asks for). Speaking of which does HGVC let you pay the MFs on a monthly payment or does it have to be lump sum due on due date?

EDIT: Sorry didnt answer your question. Trying to buy timeshare with low mf to point ratio but still high amount of points. I looked and I appear to need a minimum of 10k points for traveling 3 bedroom in platinum and 2 bedrooms twice in gold season.

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[SmithOp]

Yeah that's probably one of the reasons why folks don't buy direct cause we don't have the cash upfront. Honestly I wouldn't be able to pay more than $2k upfront (fees and any listing price seller asks for). Speaking of which does HGVC let you pay the MFs on a monthly payment or does it have to be lump sum due on due date?

EDIT: Sorry didnt answer your question. Trying to buy timeshare with low mf to point ratio but still high amount of points. I looked and I appear to need a minimum of 10k points for traveling 3 bedroom in platinum and 2 bedrooms twice in gold season.

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Your expectations are unrealistic for a HGV timeshare, there is an upfront cost to get what you want, and its going to be much more than $2k. You need to lower expectations and look at a system like Wyndham, those are given away here and on eBay.


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[Bmoe]

Your expectations are unrealistic for a HGV timeshare, there is an upfront cost to get what you want, and its going to be much more than $2k. You need to lower expectations and look at a system like Wyndham, those are given away here and on eBay.


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Unfortunately my family is hilton or nothing. Had bad experiences with Wyndham. Tried to push Marriott a few times but no dice.

How many points can I expect to get for $2k upfront cost?

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[dayooper]

Unfortunately my family is hilton or nothing. Had bad experiences with Wyndham. Tried to push Marriott a few times but no dice.

How many points can I expect to get for $2k upfront cost?

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Not a lot, but sometimes Bay Club units come up for free (or very cheap on eBay). They have high MF’s, but would get you in the system with 7000 points pretty cheaply. Remember, you can borrow from next years points for free if you need a 3 bedroom.

 

[terces]

Yeah that's probably one of the reasons why folks don't buy direct cause we don't have the cash upfront. Honestly I wouldn't be able to pay more than $2k upfront (fees and any listing price seller asks for). Speaking of which does HGVC let you pay the MFs on a monthly payment or does it have to be lump sum due on due date?

EDIT: Sorry didnt answer your question. Trying to buy timeshare with low mf to point ratio but still high amount of points. I looked and I appear to need a minimum of 10k points for traveling 3 bedroom in platinum and 2 bedrooms twice in gold season.

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There is no free lunch in life or in timesharing. You will not be able to buy a worthy HGVC for $2000 and financing them is a very bad idea because you, or your loved ones or estate cannot easily get out from under them until financing is fully paid off.

 

[hurnik]

Unfortunately my family is hilton or nothing. Had bad experiences with Wyndham. Tried to push Marriott a few times but no dice.

How many points can I expect to get for $2k upfront cost?

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If you're patient, you should be able to get a 5,000 gold week for "free", but have to pay the closing costs, and the activation fees, etc. which would probably run $1,500 or thereabouts? Granted, the MF will be a tad high (IMO). I've seen a lot of 5000 gold (annual) at Seaworld for $1 or "free" with closing, but the MF with the $170 or whatever club dues will probably be around $1,200 then (so about $0.25/point for the MF).

Now, if your 2K doesn't include the closing costs, activation fees, etc. then I'd say you're at an even better chance.

Now, whether it passes ROFR is a diff. story. But if "given" away, LT Transfers (or anyone else knowledgeable) will know there's a "gift" form that Hilton has that'll bypass ROFR basically.

I doubt any of the resellers would have the $1 or $0 ones (they need to get a comission), but you never know.

Patience will pay off.

 

[SmithOp]

If you're patient, you should be able to get a 5,000 gold week for "free", but have to pay the closing costs, and the activation fees, etc. which would probably run $1,500 or thereabouts? Granted, the MF will be a tad high (IMO). I've seen a lot of 5000 gold (annual) at Seaworld for $1 or "free" with closing, but the MF with the $170 or whatever club dues will probably be around $1,200 then (so about $0.25/point for the MF).

Now, if your 2K doesn't include the closing costs, activation fees, etc. then I'd say you're at an even better chance.

Now, whether it passes ROFR is a diff. story. But if "given" away, LT Transfers (or anyone else knowledgeable) will know there's a "gift" form that Hilton has that'll bypass ROFR basically.

I doubt any of the resellers would have the $1 or $0 ones (they need to get a comission), but you never know.

Patience will pay off.

5,000 points is not going to work, he wants 2 stays a year, a 3br platinum season and a 2 br gold season.

Champagne tastes on a beer budget.


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[RX8]

Sell My Timeshare Now is exactly what I'm looking at. Was under the impression I could find a resale that was paid off and just pay MF. There are some ebay listings though that look like they are being sold be realtors/resale companies and are charging up front fees similar to SMTN. Would love to find resale that is paid off.

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As others have said, your expectations are way too high. If you want to just take over a paid off HGVC for free most of what you will find is 3500 points or less. What you are seeing on eBay as “upfront” fees is actually the value of that HGVC. The more points you want the more you are going to pay.

If you want 7000 points or more expect to pay about $1 a point or at least $7000 plus closing fees. You might find it a little cheaper (one poster mentions the affiliate Bay Club) but you will never find it free.

 

[hurnik]

5,000 points is not going to work, he wants 2 stays a year, a 3br platinum season and a 2 br gold season.

Champagne tastes on a beer budget.


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Yeah, not going to happen. Even my "fluke" 7000 flamingo listing was $2500 and another $1500 in closing costs/fees, so $4k total. And that was a fluke.

 

[Anw015]

It may be worth watching Judi Kozlowski listings. I agree with most above I don’t you will get anywhere close to what you need at that price point but she has a large selection as well as can give you ideas of some other options like maybe a EOY contract. Just be mindful of ROFR if you pay low and MF are low and Hilton has the money they will buy it back. Just how it goes.

www.judikoz.com

 

[Talent312]

I paid -0- for a 5K affiliate... It was listed on the free-giveaways forum.
But I did pay closing costs (~$150) and the fee to add it to HGVC (~$400).

 

[geist1223]

Maybe you should just rent.

 

[brp]

It may be worth watching Judi Kozlowski listings. I agree with most above I don’t you will get anywhere close to what you need at that price point but she has a large selection as well as can give you ideas of some other options like maybe a EOY contract. Just be mindful of ROFR if you pay low and MF are low and Hilton has the money they will buy it back. Just how it goes.

www.judikoz.com

Good suggestion. It may be a little more than your limit, but places like Flamingo can be had for maybe $.50 per point with a little negotiation. Not a bad deal. Also, no ROFR.

Cheers.