HICV Question

[RSchinz]

I am considering purchasing an Orange Lake 2 Bedroom Christmas Week deeded timeshare. It is worth 40 RCI annual trading points, I know. I also know that HICV is not going to transfer me any points if I buy this deeded timeshare. However, my question is whether anyone knows how many HICV points a 2 bedroom week 52 North Village is worth if I bought it from the resort tomorrow at a tour? Thanks!! Rick

 

[Caligirlfrtx]

I don’t advise buying direct sales unless you absolutely have no other options. Try the resell market to save thousands

 

[Tank]

182,000 points for a 2 bedroom North village week 52

244,000 three bedroom

Being a holiday week it will probably be taken back by HICV be ROFR unless you find away to have price high enough.

Good luck

 

[Bmatrose]

Isn't Christmas week usually 51?

 

[Tank]

Same points.

Week 52 is more valuable because of that every 4th year option to get week 53

 

[RSchinz]

Yes, actually my contract is in on a week 51 West Village at Orange Lake. The only question now is whether Orange lake exercises the ROFR? Does anyone know how long it takes to find out if one has cleared ROFR?

 

[Sshine]

Yes, actually my contract is in on a week 51 West Village at Orange Lake. The only question now is whether Orange lake exercises the ROFR? Does anyone know how long it takes to find out if one has cleared ROFR?

We are in the process of closing on a 3 bedroom, summer week. It took us about a week to be notified that Orange Lake was waiving ROFR. Hope the same goes for you.

 

[RSchinz]

We are in the process of closing on a 3 bedroom, summer week. It took us about a week to be notified that Orange Lake was waiving ROFR. Hope the same goes for you.

Oh, great, that's not a long time to wait to hear. I am not trying to be nosy, but did you pay a lot, as in maybe they didn't want to match your offer, for your week or was it a great bargain?

 

[Sshine]

Oh, great, that's not a long time to wait to hear. I am not trying to be nosy, but did you pay a lot, as in maybe they didn't want to match your offer, for your week or was it a great bargain?

We paid 1k, but we will have usage this year free (the seller paid 2019 maintenance fees). So for us, it was a great deal. We are basically just taking it over. I was also worried that Orange Lake would take it back using ROFR but they didn’t. We are in the east village & I know there is not as much to do like River Island or West Village, so maybe that is why they didn’t take it back...Or maybe 1k was too much for them. Good luck to you!

 

[RSchinz]

We paid 1k, but we will have usage this year free (the seller paid 2019 maintenance fees). So for us, it was a great deal. We are basically just taking it over. I was also worried that Orange Lake would take it back using ROFR but they didn’t. We are in the east village & I know there is not as much to do like River Island or West Village, so maybe that is why they didn’t take it back...Or maybe 1k was too much for them. Good luck to you!

Thanks for the info, my sale will be listed at about $1,350 under a similar situation as you. Mine is only a 2 bedroom but is week 51, so I am hoping I paid enough.

 

[Sshine]

Thanks for the info, my sale will be listed at about $1,350 under a similar situation as you. Mine is only a 2 bedroom but is week 51, so I am hoping I paid enough.

That is great! Good luck to you...Let us know how it turns out!

 

[RSchinz]

Will do!! I hope to hear something next week!! At least if it doesn't go through it may not take me long to find out.

 

[silentg]

Are you buying from the resort?

 

[drcky]

We are in the process of closing on a 3 bedroom, summer week. It took us about a week to be notified that Orange Lake was waiving ROFR. Hope the same goes for you.

What type of letter or who sends the ROFR letter to Orange Lake? I'm selling my points and trying to figure out where to begin

 

[drcky]

Yes, actually my contract is in on a week 51 West Village at Orange Lake. The only question now is whether Orange lake exercises the ROFR? Does anyone know how long it takes to find out if one has cleared ROFR?

Who did the contract?

 

[Sandy VDH]

I don't think Orange Lake is a resort where HICV points pass to the seller. I think it reverts back to deeded week. That deed gets TPUs which may change over time.

There is only 3 resorts in HICV that stay points (Lake Geneva, Myrtle Beach, and Gatlinburg).

So not even sure there would be a ROFR on a fixed week ownership.

 

[silentg]

This post is over 2 years old....can you tell us the results OP?