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BXG vs FFS

Discussion in 'Bluegreen Vacations' started by matt0o, Jun 12, 2019.

  1. matt0o

    matt0o Guest

    Joined:
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    Resorts Owned:
    Big Cedar
    Recently during an owners meeting, the sales rep talked about blue-green units being classified these two different ways.

    BXG being blended where any units/weeks owned in blue-green were grouped together and the base fees associated with the maintanince cost was only applied once.

    FFS being separate where if multiple units in this category are owned, you are charged the base fee for each deed.

    One thing the sales rep told us, I assume its mostly sales pitch, was that Bluegreen is running out of "blended"/BXG units and will only have FFS in the coming future.

    I questioned them on how they expected anyone to buy if it meant stacking base fee on maintenance costs. they didn't directly answer that question. leads me to believe is was more of a sales pitch than anything. however, these two categories were new to me and I was wondering if anyone else has run into this and if its something to take note off.

    also, is this something that would affect me if I chose to buy resale points?
     
  2. HChapp01

    HChapp01 Guest

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    Bluegreen

    I am not sure what FFS is.... but maybe this will help...

    When you combine different deeds from different properties (adding points) you run the risk of being under two different trust accounts. You pay one base “club fee” and then a base maintenance fee for ($300) plus a per point addition (0.25 or something like that) per deed. If you have deeds that are from a different trust accounts then you end up paying the base fees again - more since you are paying into two different trusts.

    Not sure if that helps - I have been doing a lot or research and learned so much In The past couple months about BG. Regardless
    One thing I have learned - don’t listen to the pitches!! Lol! We were told BG was “doing away with” our contract type and we needed to upgrade to maintain our benefits. So glad I didn’t listen.
     
  3. tschwa2

    tschwa2 Tug Review Crew: Rookie TUG Member

    Joined:
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    A few in SC, VA and FL, a single resort in NC, MD, PA, NY, UT, ME, WI, and TN plus Jamaica and the Bahamas
    I know that the FFS resorts are "Fee for Service" they weren't developed by Bluegreen and they still maybe owned by someone else although they are leasing the developer rights to Bluegreen. My understanding that this alone does not affect how mf are considered. The only consideration is which trust fund and different funds have different ways to determine MF's and they don't all combine in terms of base fees.

    My understanding of the difference with FFS resorts are that they are not accepted as equity trade ins when purchasing direct from bluegreen. So if you are buying direct and then potentially buying direct again and wanted to trade into a different location you won't be able to do so if you own a FFS resort.
     
    nuwermj likes this.

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