HGVC-best options for adding points?

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

Hi All. I'm new to this forum. I've been a HGVC owner for 5 years (3400 pts annual gold week in Las Vegas). We recently got the hard upsell from Hilton. I like the idea of going up to 7000 pts, but not at their price. I am currently looking at the resale market. We are thinking of adding a biennial plan to our current annual (big trip every two years). What are the pros and cons? Are there annual dues on a biennial plan? thanks for any relies.

[nursetanya1973 Senior Member Find all posts View Profile Close nursetanya1973]

I have not tried to add any points to our HGVC contract, but there are a couple of things that I can tell you. The resale market for HGVC has changed in recent years. There really are no "cheap" packages due to HGVC's use of their right-of-first-refusal. I'm sure you can do better than the developer price, but not by that much.

If you by an every-other-year package, you will still have maintenance fees. I believe you pay half every year, but I am not positive. You may pay only every other year.

One person who can help answer your questions, and get you a resale package if you want one, is Seth Nock. He is a very knowledgeable and nice person, and will patiently answer all your questions without any pressure to buy. This is his website: http://www.sellingtimeshares.net/
There are other very good brokers that others recommend, but Seth is the person I have dealt with.
Good luck!

[zdxlc9p6 Senior Member Find all posts View Profile Close zdxlc9p6]

I have added points by buying after market at Hilton managed properties rather than Hilton developed properties. Each resort has their own rules regarding the procedure & any fees to convert to points. You can add these to your HGVC account, and they work for exchanges just like developed property points.

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

Thanks

Thank you both for your help. I wasn't aware of a difference between Hilton managed properties and Hiltobn developed properties. Maybe I'll contact Seth and ask him. I appreciate the help.

[Reelpops Member Find all posts View Profile Close Reelpops]

Would Seth be the one to help identify the Hilton Managed Properties also?
Larry

[zdxlc9p6 Senior Member Find all posts View Profile Close zdxlc9p6]

Thank you both for your help. I wasn't aware of a difference between Hilton managed properties and Hilton developed properties. Maybe I'll contact Seth and ask him. I appreciate the help.

Did Seth provide you with information, and did you add points?

[jlee2070 Junior Member Find all posts View Profile Close jlee2070]

I believe (even with HGVC directly) you don't "ADD" points. Basically, via HGVC, you sell them your existing point contract for what you paid for the property originally. Then you buy a new contract with the new point quantity at the prevailing price. That was the offer I got from them...

Otherwise, you can buy a 2nd contract to add to your current contract to make up to the amount of points you want. The down side is a 2nd Maint Fee. However, buying resale should save you a bunch and will make up the Maint Fee's for many years...

What I did was... I had a yearly 3400 point contract w/ Las Vegas Hilton (that I unfortunately bought from the developer). I then purchased a second 3500 point contract with Las Vegas Flamingo, resale from Seth Nock for a VERY reasonable price and now I have 6900 points yearly. My calculations shows over 10 years of MF's before I even approach making up the difference of selling my 3400 point contract and then buying a 7000 point contract (even at resale).. Yeah, I'm about 100 short of 7000 but with the depositing/borrowing games you can play you can easily use the extra 100 points yearly and not run into any problems coming up short for about 34 years (borrowing 100 points each year from my 3400 points)??? Then, you sit out one year... I think that's how it would work out...