Thoughts on a good price for this HHI contract

[kniquy]

There is not a ton of information on the ROFR thread for HHI. I am looking at a 100pt contract which has no points for 2016 or 2017 and will have full 100 pts for 2018. So pretty stripped. They are asking 65pp. I offered $50pp with splitting closing costs ($450 each -for some reason HHI closing costs are so much more) They countered at $60 pp w/ me paying all the closing. I feel with the contract being in such a point deficit that I don't know if it is really worth $60pp.

Any thoughts? Is there a way to look at HHI recent sales -- something like the OCC?

 

[kapicka]

Thank you for the email. There are some places where people track and post ROFR info. I would Google this phrase: rofr thread dvc

 

[LynJ]

Wait until after the hurricane to see if there's still a resort? <bad joke, I know>

 

[kapicka]

Joke may be too soon - but there is something to consider. Our friends who owned a (non Disney) timeshare had a BIG expense/assessment after damage to a property in HI after a storm. It is definitely worth considering location and chance of future weather issues.

Prayers for people in the path of storm.

 

[kniquy]

ur friends who owned a (non Disney) timeshare had a BIG expense/assessment after damage to a property in HI after a storm. It is definitely worth considering location and chance of future weather issues.

That is a good point to consider. We might be better off either just renting points or renting a house off VRBO

 

[LAX]

Joke may be too soon - but there is something to consider. Our friends who owned a (non Disney) timeshare had a BIG expense/assessment after damage to a property in HI after a storm. It is definitely worth considering location and chance of future weather issues.

Prayers for people in the path of storm.

Has this ever happened at a DVC property where a one-time assessment was necessary for any reason? One would think insurance should cover most of the repair, so perhaps the assessment is for a sharp rise in insurance premium?!

LAX

 

[Dean]

Has this ever happened at a DVC property where a one-time assessment was necessary for any reason? One would think insurance should cover most of the repair, so perhaps the assessment is for a sharp rise in insurance premium?!

LAX

No but it was floated for VB a few years ago. IF there is major damage it's likely to be needed or else a major fee increase over several years. The owners at that resort must pay any shortfalls no matter the numbers.

 

[LAX]

No but it was floated for VB a few years ago. IF there is major damage it's likely to be needed or else a major fee increase over several years. The owners at that resort must pay any shortfalls no matter the numbers.

Do the annual dues cover insurance? If so, what's the typical limit for natural disaster-related damages? I have heard horrible stories about some timeshares charging owners thousands of dollars in special assessment to cover shortfalls. I am hoping it doesn't happen with DVC (now that I am a member).

LAX

 

[Dean]

Do the annual dues cover insurance? If so, what's the typical limit for natural disaster-related damages? I have heard horrible stories about some timeshares charging owners thousands of dollars in special assessment to cover shortfalls. I am hoping it doesn't happen with DVC (now that I am a member).

LAX

I'm sure part but not all though I don't have experience with the actual numbers or % involved. I do know that there was reliable talk of a SA with the previous set of hurricanes that damaged the resort but in the end, no SA. Depending on the amount of damage I'd guess there won't be one or it'll be fairly small but they may end up raising fees instead to cover any additional and unexpected costs.