Bluegreen Points - current owner, interested in purchasing on eBay

[jvioli Junior Member Find all posts View Profile Close jvioli]

Hi everyone,

I'm new to the forum and I'm trying to help my parents out right now. They're owners of about 15K annual points with Bluegreen at Boyne Mountain. I THINK they're in Trust Fund E with Sales Type A, but even with a law degree, I had a hard time figuring out that contract.

I've noticed some mega amounts of points for sale on eBay and was thinking about beefing up their annual point total. I understand that when you buy points on eBay that you don't get all of the bonus time and whatnot, but I'm wondering what the situation is since they're already owners. If anyone can help me out here, it would be appreciated. I'm new to the terminology and I'm struggling a little here.

I keep seeing warnings that you should buy in Trust fund E if you're in Trust fund E and make sure the sales types align and all that. At the end of the day...what's the problem if you don't? I know it might be more expensive, but are we talking like $100/year or $1,000/year difference? Thanks for your help. I'm sure this question has been answered here already, but after extensive searching over the last 24 hours, I have yet to mine through everything on this forum and the internet in general.

[rapmarks Moderator Find all posts View Profile Close rapmarks]

I think the difference with another trust fund is you have to pay the base fee again, which is about $329. There is a site on Facebook, called Bluegreen Owners Buy and Sell and there are frequent offers to give away Bluegreen Vacation Club points.

[VA_Traveller Senior Member Find all posts View Profile Close VA_Traveller]

It really depends on what trust fund the other points are from. If you had one other deed from another trust fund, the difference would probably be in the hundreds. If they built up a portfolio of smaller deeds to get to where they wanted in points, the difference could be in the 1000's if they are not careful.

Hope this helps.

Greg

[chriskre Super Moderator Find all posts View Profile Close chriskre]

Since they have already purchased their first lot of points directly from the developer they already get all
the bells and whistles that people warn of not getting on ebay.
It's way cheaper to add on thru ebay or elsewhere for pennies on the dollar.

Rapmarks is correct that you'll pay more than one base trust fund fee if you buy in a different trust fund.
Why pay more if you don't have to?
That's why you see all those warnings, because fees only go up in the timeshare world, never down.

Lots of knowledgable bluegreen owners here so stick around and we'd be happy to help you decide what is
right for your situation.
Welcome to the forum..

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Hi everyone,

I'm new to the forum and I'm trying to help my parents out right now. They're owners of about 15K annual points with Bluegreen at Boyne Mountain. I THINK they're in Trust Fund E with Sales Type A, but even with a law degree, I had a hard time figuring out that contract.

I've noticed some mega amounts of points for sale on eBay and was thinking about beefing up their annual point total. I understand that when you buy points on eBay that you don't get all of the bonus time and whatnot, but I'm wondering what the situation is since they're already owners. If anyone can help me out here, it would be appreciated. I'm new to the terminology and I'm struggling a little here.

I keep seeing warnings that you should buy in Trust fund E if you're in Trust fund E and make sure the sales types align and all that. At the end of the day...what's the problem if you don't? I know it might be more expensive, but are we talking like $100/year or $1,000/year difference? Thanks for your help. I'm sure this question has been answered here already, but after extensive searching over the last 24 hours, I have yet to mine through everything on this forum and the internet in general.

It really depends on what trust fund the other points are from. If you had one other deed from another trust fund, the difference would probably be in the hundreds. If they built up a portfolio of smaller deeds to get to where they wanted in points, the difference could be in the 1000's if they are not careful.

Hope this helps.

Greg

Greg, a Bluegreen Points Owner is correct. Trust fund E has a base fee of $330 and then you pay per point on top of this.
It makes sense to only purchase Trust fund E points. You can't get very far with 15K points so adding another 10-15K points would be ideal, especially in one contract (because each contract has a $450 transfer fee)

[jvioli Junior Member Find all posts View Profile Close jvioli]

Thank you all for your input!

So it's clear that keeping points in the same trust fund makes a lot of sense.

Is the Sale group (Y vs. A) a huge deal then, too? Or not so much?

[VA_Traveller Senior Member Find all posts View Profile Close VA_Traveller]

Thank you all for your input!

So it's clear that keeping points in the same trust fund makes a lot of sense.

Is the Sale group (Y vs. A) a huge deal then, too? Or not so much?

Personally, I have never had an issue. I have 4 contracts spanning 8 or so deeds. 1 is annual, one is biannual even years, and 2 are biannual odd years. I get one bill every November for the owed MF's. I can say I have heard of others that have had issues combining the sales type, but your mileage may vary.

Greg

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Thank you all for your input!

So it's clear that keeping points in the same trust fund makes a lot of sense.

Is the Sale group (Y vs. A) a huge deal then, too? Or not so much?

See this thread....
http://www.timeshareforums.com/forum...ght=Sales+type

And this

I just sent you info in an email that I received…..see page 2. I was trying to copy and paste it here but could not because it is a pdf.

It discusses Sales Type Y and then describes ALL the other Sales types but does not address the Trust Fund.

From what I have read on the Yahoo Group, trust fund has to do with WHEN the contract is initiated….there is a new Trust Fund that has been created and is in the Multi…blah blah blah that Charles is always referencing and once BG starts to sell that, all future sales from the developer will be in that new trust….the feeling is that will not happen for a while.

Trust Fund E regardless of sales type has the $330 base + $0.0503 per point fee
Sales Type Y bills maint fee in October due November 15
Sales Type A bills maint fee 30 days prior to point earn date and fees are due the first day of the following month.

So actually it doesn't really matter. You might have to pay fees at different times of the year but they would still have the one base fee of (now) $330.

[jvioli Junior Member Find all posts View Profile Close jvioli]

Thanks, GrayFal...that helps

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Thanks, GrayFal...that helps

Your welcome.

Here is an owner looking to give away his points for just the transfer fee.

http://www.timeshareforums.com/forum...ints-16K-6KEOY

You might want to contact him/her by clicking on their user name and sending both a PM and an email.