How do you know the resale contract is legitimate.

[Mstarjc]

Hello all, I’ve posted a few times about a Lagoon Tower EY Platinum 13440. I’ve received the Disclosure Statement and contract for review from Ocean Wind. Is there a way I can compare this to other documents to verify their validity? I’m always worried about fraud in this industry since being sold an HGV MAX contract and being told I can stay at any HGVC location without restriction. Thank You.

 

[DeniseM]

Who is Ocean Wind?

 

[SmithOp]

Who is Ocean Wind?

It's a realty firm in Waikiki. It looks like the principal owner was an HGV salesman. The prices are on the high side for resales.

Buy a Timeshare in Hawaii

Largest timeshare inventory Buying a timeshare from Ocean Wind Realty means that you are choosing from possibly the largest Hawaii based timeshare resale inventory currently on the market. Save Mon…

oceanwind-hawaii.com

OP, the Estoppel is a document that HGV supplies as the first step, make sure the contract states that the contract is void if it doesn't match what you think you are purchasing - or ask for it before signing the contract.

HGV Max does not transfer with resales.

 

[Mstarjc]

It's a realty firm in Waikiki. It looks like the principal owner was an HGV salesman. The prices are on the high side for resales.

Buy a Timeshare in Hawaii

Largest timeshare inventory Buying a timeshare from Ocean Wind Realty means that you are choosing from possibly the largest Hawaii based timeshare resale inventory currently on the market. Save Mon…

oceanwind-hawaii.com

OP, the Estoppel is a document that HGV supplies as the first step, make sure the contract states that the contract is void if it doesn't match what you think you are purchasing - or ask for it before signing the contract.

HGV Max does not transfer with resales.

Sorry. I meant to post this in the HGVC forum. I wonder if it can be moved there.

 

[GT75]

I meant to post this in the HGVC forum.

I will.

 

[brp]

HGV Max does not transfer with resales.

Right. So the OP's comment "being sold an HGV MAX contract" needs clarification since there is no such thing. Max is an add-on for retail (and some scant few resale) purchases, but not a contract in and of itself.

Cheers.

 

[Chris-ATX]

I am certainly no expert on resale market pricing - but comparing the listing on that site to even the ones Judi (timesharebrokermls.com) lists - the Ocean Wind sire listings seems maybe double other sites...

 

[rickandcindy23]

Check the salesperson's state's website for registration as a broker. I know that CO's is Dora (Department of Regulatory Agencies), and I was listed there as a broker for many years, plus I was listed as a teacher.

 

[letsgobobby]

Ocean wind is very expensive.

 

[Mstarjc]

I will.

Thank you.

 

[fys]

Ocean Wind is the go-to real estate firm for the Japanese / Hawaii resorts much like Judi K handles the mainland resorts. OW does their due diligence so you don't have to. They use TCS (Florida) for title closing. You may want to check out the OW listings on Red week. They advertise the fire sale listings on Red week and not their own site.
Since their clientele (sellers/Buyer) are primary Japanese, closings take extra long - 3-4 months as documents must be translated into English/Japanese and the seller have to apply for their ITINs from the IRS. Also to consider, Hawaii collects a transfer tax on property (incld timeshare) resales that other states don't.
Oh ... in keeping in Asian tradition ... haggling is expected. Don't be afraid to low-ball the offer. I found sellers willing to sell at less than 10% of the original HGVC retail price. Patience is key.