Member privileges if buying from timeshare resale market

Member privileges if buying from timeshare resale market

Buying a timeshare from the resale market may limit your member privileges.  For instance, with Hilton Grand Vacation Club (HGVC), for those who have bought a timeshare directly from HGVC, if you have a total of 14,000 annual points, you will be granted an ELITE status. However if you have bought a timeshare from the resale market, you will not be granted an ELITE status. Also, with HGVC, Hilton will not upgrade your timeshare if you have bought it from the resale market. Another example would be how Marriot and Starwood will not…continue reading →
What is Right of First Refusal

What is Right of First Refusal

Right of first refusal, often referred to as ROFR is a contractual right that gives its holder, in this case the timeshare resort company, the option to purchase the timeshare unit in transaction from the owner, before the owner is entitled to enter into that transaction with a third party. At the moment, as far as we are aware, Marriot and Disney are exercising their right of first refusal. Although Hilton have exercised their right of first refusal in the recent years, they have not been doing so for the past few months.…continue reading →
Six reasons why timeshares are better than hotels

Six reasons why timeshares are better than hotels

Here are six reasons why staying at a timeshares is better than a hotel room. While it may at times be challenging to take reservations on the days you'd like to stay or you may find that the maintenance fee may not be as affordable as you'd like it to be, there are many reasons why owning a timeshare overcomes such disadvantages. If you are considering to purchase a timeshare, we would like you to take this opportunity to consider these perks. 1. Since you have access to a kitchen, it is possible to…continue reading →
Buy from resort or resale market? What’s the difference.

Buy from resort or resale market? What’s the difference.

The single one question that everybody asks is: What is the difference between buying a timeshare from the resort company / developer and from the resale market? The difference varies depending on the resort company. For instance with Hilton, there are two diferences. The first difference is that Hilton will not trade in your timeshare unit when upgrading. The other difference is that you are not able to become an Elite member. To become an Elite member today, you would have to purchase a timeshare worth over 82,000 dollars directly from Hilton Grand…continue reading →
Open season at Hilton Timeshare

Open season at Hilton Timeshare

While we covered the various reservation types in Hilton in our blog post on September 15, we wanted to cover open season in more detail. Open season is available all year round for Hilton timeshare owners. Open Season begins 30 days prior to check-in date for any Hilton resort. This 30 day window allows last-minute travelers to make reservations at greatly discounted prices. Since Hilton owners can pay cash for open season reservations, it is a great system for those who want to keep their current year's club points untouched or those who…continue reading →
The pros of timeshares in Hawaii

The pros of timeshares in Hawaii

Ocean Wind Realty specializes in timeshare resales in Hawaii and we are here to help you find the right timeshare for you. But before purchasing a timeshare, it is important to understand the pros of having a timeshares. So why is timeshare so great? Here's why. 1. Having a timeshare means you have a second home at a fraction of the cost of buying an entire house or a condo. You also do not need to worry about maintaining you house/condo as your resort company will take care of that (with your annual…continue reading →
Hilton timeshare guide: seasons, points etc

Hilton timeshare guide: seasons, points etc

Seasons at Hilton Grand Vacation Club Timeshare resort units are subdivided into 52 separate units of time (52 weeks in 1 year), each week sold separately and usually sold to a maximum of 51 owners. Each owner of a timeshare unit would own a deeded interest in 1/51 of the unit, which represents one week of ownership every year or every odd/even year. Hilton divides the 52 weeks into two different seasons: Platinum (1-18 weeks, 23-35 weeks, 42-52 weeks) Gold Season (19-22 weeks, 36-41 weeks) Simply put, Platinum season is high season (summer/christmas time…continue reading →
Renting out a timeshare unit

Renting out a timeshare unit

Q: If I rent out my timeshare unit, will I have to report the income for income tax purposes? A: In almost every situation, you are required to report the income on your tax return. The timeshare rental income is taxable, just like any other income you have. Q: What deductions are allowed as write-offs? A: Deductions may include your annual maintenance fee, advertising, rental commission, depreciation, property taxes (if you pay them separately from the maintenance fees) and interest expense on your timeshare loan (if you have a loan on the timeshare).…continue reading →
Hilton timeshare Hokulani in Waikiki

Hilton timeshare Hokulani in Waikiki

We had the opportunity to take a look at a timeshare unit in Hilton Hokulani this past week and would like to share some of our photos on our website. The great thing about Hilton Hokulani is that it is right in the middle of Waikiki, the interior is brand new, the service is fairly luxurious like a hotel, and more over, the decor is contemporary. There are two common downsides Hilton Hokulani guests tend to notice. One is that there are no ocean view units like Lagoon Tower or Grand Waikikian. However, if…continue reading →
Timeshare and hotel comparison

Timeshare and hotel comparison

How much money can I save by owning and using a timeshare rather than paying the hotel rate? Let's take an example of a 2 bedroom unit in Hilton's Grand Waikikian with an ocean view sold for $45,000. If you rent a similar size unit with an ocean view in Waikiki, rates run at around $1,000 per night. Here is a comparisone of how much you will pay in 15 years Hotel $7,000 each week x 15 years = $105,000 Timeshare $1,700 each year (maintenance fee) x 15 years = $ 25,500 (+ purchase price…continue reading →
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