Purchasing a Hilton Grand Vacations (HGV) timeshare can be an excellent investment for those who love to travel and explore new destinations. With access to a wide range of luxurious resorts and properties, HGV owners enjoy the flexibility and convenience that comes with owning a timeshare. However, buying a timeshare directly from the developer can be expensive.
That’s where the resale market comes into play, offering significant savings and additional benefits. This guide will help you navigate the Hilton Grand Vacations resale market and find the perfect timeshare for your needs.
Understanding the Resale Market
The resale market consists of timeshares being sold by current owners rather than by the developers themselves. These can include timeshares that were never used, or those that have been enjoyed for years before the owner decided to sell. Purchasing a timeshare on the resale market can offer substantial savings compared to buying directly from the developer, sometimes as much as 50% off.
Why Do So Many Owners Buy on the Resale Market?
The resale market for Hilton Grand Vacations timeshares has become increasingly popular among prospective buyers, and for good reason. Here are some of the key factors that contribute to the growing popularity of the resale market:
Affordability
As mentioned earlier, one of the primary reasons people choose to buy on the resale market is the potential for significant cost savings. Purchasing a timeshare directly from the developer can be quite expensive, with prices sometimes reaching tens of thousands of dollars. On the resale market, however, buyers can often find timeshares at a fraction of the original cost, making it a more affordable option for many.
Greater Selection
The resale market offers a wider variety of timeshare units, including those in older or less common properties that may not be available through the developer. This gives potential buyers more options to choose from, allowing them to find a timeshare that better suits their preferences and needs.
Ability To Negotiate
When buying a timeshare on the resale market, you have the opportunity to negotiate directly with the current owner. This allows for more flexibility in determining the final purchase price, as well as the terms and conditions of the sale. Buyers can use this to their advantage by negotiating a better deal than they might get through the developer.
No High-Pressure Sales Tactics
When purchasing a timeshare directly from the developer, buyers may be subject to high-pressure sales tactics designed to encourage a quick decision. In the resale market, however, there is typically less pressure to make an immediate decision, giving buyers more time to research and consider their options.
Finding The Right Ownership
When searching for the perfect Hilton Grand Vacations timeshare on the resale market, consider the following factors:
- Home Resort Location: You can choose a timeshare in a destination that you love and will want to visit regularly, or you can choose a location with low fees for the number of ClubPoints you receive depending on your vacation strategy.
- Unit Size and Layout: Make sure the timeshare unit can accommodate your family or travel group comfortably. Pay attention to the number of bedrooms and bathrooms, as well as the overall layout and design.
- Season: Maintenance fees are determined by the unit size, so a 2 Bedroom in a Gold season will offer fewer ClubPoints for the same annual fees than a 2 Bedroom in Platinum season at the same home resort.
- Maintenance Fees: In addition to the purchase price, you’ll need to pay annual maintenance fees for your timeshare. Be sure to factor these costs into your budget and compare them to other properties you’re considering.
- HGV ClubPoints: Understand the points system associated with the timeshare and how many points are included in the purchase. This will determine your ability to book stays at various HGV properties and during different booking windows.
Completing the Purchase
Once you’ve found the ideal Hilton Grand Vacations timeshare on the resale market, it’s time to finalize the purchase. Here are the steps you’ll need to take:
- Negotiate the Price: Work with your seller / broker to agree on a fair price for the timeshare. This may involve some back-and-forth negotiations, but don’t be afraid to submit offers on properties that interest you.
- Review the Contract: Read the entire timeshare contract carefully, making sure you understand all the terms and conditions.
- Transfer Ownership: Once the contract is signed, the ownership will need to be transferred from the seller to yourself. Any legitimate resale broker will work with a 3rd party closing company to perform the transfer of the ownership in a safe and legal manner.
- Using Your Hilton Grand Vacations Ownership: After you’ve completed the ownership transfer, you’ll need to learn how to use the ownership. Learning all you can from our websites like ours will aid you in using your points and enjoying the benefits of your new vacation property.
In conclusion, the Hilton Grand Vacations resale market can offer significant savings and a greater selection of available listings compared to buying directly from the developer. By understanding the ins and outs of the resale market, researching available timeshares, and following the necessary steps to complete the purchase, you’ll be well on your way to owning the perfect HGV timeshare for your needs.
Learn More About Hilton Grand Vacations Resales
For more information regarding Hilton Grand Vacations timeshare ownerships, or how they are able to be purchased for a fraction of the price on the resale market, feel free to contact us for a free consultation with one of our licensed Real Estate agents.
