how is buying HHI resale different?

[ProudMommyof2]

We have rented points 3 times to stay at HHI (including vacation this summer) and we love it. I have benn reading this forum and others for over a year. There is very little info re: buying at HHI.

I know there is very little info re: prices and rofr. I also know the closing costs are higher in South Carolina.

Does anyone have any other pearls about buying HHI resale?

TIA
Pam

 

[disneynutz]

Not a resale issue but the dues are higher and you aren't at WDW.

Bill

 

[Slakk]

We own at HHI and love it! The points can be used the same as if you buy at WDW. If you plan to stay there in the summer it is DEFINITELY worth buying them.

 

[kristenrice]

The only thing I could say is good luck! We only do HHI every three years (on our off years from WDW) and so we only wanted a 50-point contract. I looked and looked and looked for anything in the 50-75 point range with a Feb UY....no luck. I finally caved and bought 50 points direct. Back then, in 2011 it was "only" $80/point so the price difference on the "small" contract was only about $750 total.

HHI is beautiful and we won't be getting back there until 2017.

 

[disneynutz]

We own at HHI and love it! The points can be used the same as if you buy at WDW. If you plan to stay there in the summer it is DEFINITELY worth buying them.

Using HH points at WDW, you have to wait and book at 7 months.

Bill

 

[ProudMommyof2]

Thanks for the info.
I was specifically wondering how the buying experience is different. I have read it takes longer for the transaction, but I am not sure why. Are there different rules in South Carolina?

 

[supersnoop]

See if you can find someone who's closed recently in ROFR thread. I understand that closing costs may be higher, and it could take longer for recording afterwards.

 

[disneynutz]

Thanks for the info.
I was specifically wondering how the buying experience is different. I have read it takes longer for the transaction, but I am not sure why. Are there different rules in South Carolina?

I think that an attorney has to be involved with the closing.

Bill

 

[amandaC]

I have bought and sold several resale contracts- 2 of them at HHI. Other than higher closing costs (a SC attorney is required for closing), I did not notice any difference.

We absolutely love HHI- so much so that we bought a villa in Palmetto Dunes on our last Disney trip. Now, I am debating whether to sell my two small HHI contracts!

 

[jshuff1]

THE PROBLEM FOR ME IS GETTING THERE. IT IS CHEAPER FOR ME TO FLY TO ORLANDO THAN IT IS TO FLY TO HH

 

[jerseygal]

CAN'T WAIT for first HHI trip end of May! SO many great reviews! YIPEE!

 

[bobbiwoz]

We bought 2 HHI contracts through resale and it took over 4 months to complete the transactions. I do not remember the details, but remember being concerned because it was when the deadline for using resale points for The Disney Collection was coming into being. We were grandfathered with those points because we began the process before the deadline.

We enjoy HHI very much, and are happy to own there.

 

[Dean]

We have rented points 3 times to stay at HHI (including vacation this summer) and we love it. I have benn reading this forum and others for over a year. There is very little info re: buying at HHI.

I know there is very little info re: prices and rofr. I also know the closing costs are higher in South Carolina.

Does anyone have any other pearls about buying HHI resale?

TIA
Pam

Closing costs and method are a little more and more aggravating for HH because of the requirement for a lawyer to close but it's not make or break other than for very small contracts. If you need more points for DVC in addition to the occasional HH trip, buying points there is fine. One thing you might consider is a non DVC timeshare such as one of the ocean front Marriott's. You'll have more other options as well. In part it depends on the villa size you need since the Marriott's are 2 BR only mostly with a few 3 BR villas between 2 resorts.

 

[Vacation Kathy]

We absolutely love HHI- so much so that we bought a villa in Palmetto Dunes on our last Disney trip. Now, I am debating whether to sell my two small HHI contracts!

We love HHI too (will be there in 3 weeks, 2 days, 2 hours ...) we bought 150 HHI resale contract with no problems a few years ago and have been looking for a villa in Palmetto Dunes (St. Andrews). We are also looking for a "small" HHI contract (less than 100 pts) to add to our current HHI contract, but I have not seen any HHI contracts that small -- do they even exist?

 

[hopeful4fl]

We closed on SSR a few weeks ago and HHI last week, so have a recent experience to try to differentiate for you:
HHI - Lower cost/point. Higher annual. Higher CC, since as per SC law an Attorney has to be involved.
Lesser known facts -
1> You have the option of lower closing by not doing a title search and insurance. That is one area I would not try to save money on. This was not even an option for SSR, but was for HHI.
2> HHI contract is drawn by a lawyer and has much different language, looking almost like the deed that is then registered.

I "felt" like it took longer for the HHI, but that may simply be Disney backing up on ROFR and Estoppel and not a HHI issue.

 

[ProudMommyof2]

Thanks for all the useful info.

There seem to be a lot less HHI contracts lately and most are stripped. I am hopeful to find the perfect one, however, it is hard to know how to negotiate with so little data on recent purchases.

 

[amandaC]

We love HHI too (will be there in 3 weeks, 2 days, 2 hours ...) we bought 150 HHI resale contract with no problems a few years ago and have been looking for a villa in Palmetto Dunes (St. Andrews). We are also looking for a "small" HHI contract (less than 100 pts) to add to our current HHI contract, but I have not seen any HHI contracts that small -- do they even exist?

So funny- the villa we bought is in St Andrews!

And yes, smaller contracts do exist- I have a 50 and a 70 point contract. They're rare though.