Friday, September 7, 2018
Tuesday, September 4, 2018
Monday, August 6, 2018
I'm curious to know what your favorite HICV resort is and why.
I'm curious to know what your favorite HICV resort is and why. I'm sure this has been a recurring post here, but maybe not recently. Mine is my home resort of Cape Canaveral Beach Resort. It has the beach, nice pool area with slides & lazy river, and kids inside play area. It is within walking distance Jetty park, near Kennedy Space Center and is within an hour of the Orlando parks. It is easy to have several fun and relaxing days at the resort during the week, which helps to provide vacation that doesn't break the bank. So one vote for CCBR.
Saturday, August 4, 2018
We just bought 50,000 points for 11000.
We just bought 50,000 points for 11000.00 at hicv in myrtle beach. I'm still trying to understand the points system. My yearly mg is 390.00.. I geuss what I'm asking is ,what type of vacation can we get for what we bought . I'm seriously thinking about rescinding, as today is our 5th day 😔
Tuesday, July 31, 2018
Monday, July 30, 2018
I completed a demo of a HICV availability checker - message me if you are not an HICV member, would like to check...
I completed a demo of a HICV availability checker - message me if you are not an HICV member, would like to check availability, and would like access. I'm looking to provide my code to and/or work with someone to do the same for Wyndham and any other program with online availability checking. Ultimately, it would be great if we could all check availability in all of the major programs prior to being an owner.
Friday, July 27, 2018
Hey Guys, Planning a trip to Orlado and Coco Beach.
Hey Guys, Planning a trip to Orlado and Coco Beach. How is the Cape Canavrial location? Also which villiage is best for a family with a 12 year old daughter? Not a golfer. Thanks.
Wednesday, July 18, 2018
HICV vs. Wyndham Minimum Points per Unit
HICV vs. Wyndham Minimum Points per Unit
On the HICV side, I used to purchase units as small as 45K, but due to closing costs, I established a minimum of 75K annual (150K biennial).
One of the things I've been trying to figure out is what a good equivalent points size on the Wyndham size is.
Here's my latest math:
75K HICV points = 106K Wyndham points based on RCI/DRI ratios (0.71 factor).
HICV Closing Costs = $300 ($150 deed prep + $50 county fees + $100 transfer fees)
Wyndham Closing Costs = $500 ($150 deed prep + $50 county fees + $300 transfer fees)
Assuming you want to keep closing costs / point consistent, larger closing costs = larger contract, so 106K x $500/$300 = 176K.
Closing costs are paid on both sides of the transaction - even if the seller pays them when you buy, you are getting closing costs instead of a discount.
Buying a Wyndham unit smaller than 176K annual (352K biennial) would be like buying a HICV unit smaller than 75K - something I did in the past but learned not to do in the future once I started fully taking into account transaction costs.
I've added to my detailed comparison chart (link added under Non-HICV Resources)
If anyone has experience with DRI, Mariott, Shell, Bluegreen, Hyatt, or Disney and can help fill out the chart for those systems let me know.
On the HICV side, I used to purchase units as small as 45K, but due to closing costs, I established a minimum of 75K annual (150K biennial).
One of the things I've been trying to figure out is what a good equivalent points size on the Wyndham size is.
Here's my latest math:
75K HICV points = 106K Wyndham points based on RCI/DRI ratios (0.71 factor).
HICV Closing Costs = $300 ($150 deed prep + $50 county fees + $100 transfer fees)
Wyndham Closing Costs = $500 ($150 deed prep + $50 county fees + $300 transfer fees)
Assuming you want to keep closing costs / point consistent, larger closing costs = larger contract, so 106K x $500/$300 = 176K.
Closing costs are paid on both sides of the transaction - even if the seller pays them when you buy, you are getting closing costs instead of a discount.
Buying a Wyndham unit smaller than 176K annual (352K biennial) would be like buying a HICV unit smaller than 75K - something I did in the past but learned not to do in the future once I started fully taking into account transaction costs.
I've added to my detailed comparison chart (link added under Non-HICV Resources)
If anyone has experience with DRI, Mariott, Shell, Bluegreen, Hyatt, or Disney and can help fill out the chart for those systems let me know.
The going rate for IHG points on the IHG website is $115 for 20K = $5.75/1K (using Points + Cash).
The going rate for IHG points on the IHG website is $115 for 20K = $5.75/1K (using Points + Cash).
To get points that cheap with HICV points, your maintenance has to be $3.91/1K - $391 for 100K HICV points + $69 IHG conversion = $460 for 80K (100 x 4/5) IHG points.
IHG conversion is better than not using points, but not an efficient planned use of points - if you are consistently doing this, you should really look at reducing your HICV holdings.
To get points that cheap with HICV points, your maintenance has to be $3.91/1K - $391 for 100K HICV points + $69 IHG conversion = $460 for 80K (100 x 4/5) IHG points.
IHG conversion is better than not using points, but not an efficient planned use of points - if you are consistently doing this, you should really look at reducing your HICV holdings.
Tuesday, July 3, 2018
Hello!
Hello! I am hopelessly looking to sell our HICV timeshare and am happy to come across a place with helpful answers and knowledgeable people.
My husband and I bought the 55,000 points package back in 2015 and just haven't gotten the use out of it that we thought. What are our options for selling? We absolutely know that we won't get anything close for what we bought it for. Where have people had success selling? Any help is greatly appreciated!
Lauren
My husband and I bought the 55,000 points package back in 2015 and just haven't gotten the use out of it that we thought. What are our options for selling? We absolutely know that we won't get anything close for what we bought it for. Where have people had success selling? Any help is greatly appreciated!
Lauren
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