Buying a timeshare through a resale company

[Jdayfkin]

I’m thinking about buying a timeshare through a reseller. My general question is what benefits/perks do you lose if you buy through a legitimate resale company? Do you get points and belong to either Interval or RCI and able to exchange? Or do you simple get the use of the timeshare that is being resold? I currently have a biannual timeshare in Hawaii and have exchanged it out multiple time instead of going there so exchange is important if I buy again. Any thoughts/help/advice would be greatly appreciated. Thanks

 

[DeniseM]

We need to know the name of the resort.

 

[Jdayfkin]

Morritts grand resort on Cayman Is.

 

[bazzap]

Morritts grand resort on Cayman Is.

So not a Marriott Vacation Club resort.
This will not be the best forum to get your question answered.

 

[Patri]

So not a Marriott Vacation Club resort.
This will not be the best forum to get your question answered.

What is the best forum, then?

 

[Jdayfkin]

My question is a bit more general. How does buying a timeshare that is being resold work if you buy from a company like RedWeek, etc. Do you have the ability to use exchanges like RCI or Interval if you buy a timeshare on the secondary market? Or is it literally a case by case basis?

For example. I own a HGVCLUB timeshare in Hawaii. I get HGVC points every other year that I can use for either HGVC properties or exchange them through the RCI for their locations. So if I decide to sell my timeshare through RedWeek, does the buyer have the same options I had or do they just get to use the timeshare for the week I bought it and no other options (such as other HGVC properties or RCI network).

TIA for any information.

 

[vacationtime1]

My question is a bit more general. How does buying a timeshare that is being resold work if you buy from a company like RedWeek, etc. Do you have the ability to use exchanges like RCI or Interval if you buy a timeshare on the secondary market? Or is it literally a case by case basis?

For example. I own a HGVCLUB timeshare in Hawaii. I get HGVC points every other year that I can use for either HGVC properties or exchange them through the RCI for their locations. So if I decide to sell my timeshare through RedWeek, does the buyer have the same options I had or do they just get to use the timeshare for the week I bought it and no other options (such as other HGVC properties or RCI network).

TIA for any information.

It depends on the individual timeshare and the system to which it belongs.

HGVC is among the best. If a resale buyer pays HGVC's enrollment fee (a few hundred dollars), the unit is treated the same as a developer purchase (I don't know if that includes RCI membership, but it would be the same for the resale buyer). Other systems treat resale buyers like sh*t; for example, Westgate has a different timetable for a resale purchaser to make reservations -- making even that difficult to impossible. Other developers have different policies. Marriott allows resale weeks to be used as before, but charges tens of thousands to enroll them in Abound (even if the unit had been enrolled in Abound before). Westin charges less for StarOption eligibility.

So yes, it is a case by case analysis.

 

[jp10558]

My question is a bit more general. How does buying a timeshare that is being resold work if you buy from a company like RedWeek, etc. Do you have the ability to use exchanges like RCI or Interval if you buy a timeshare on the secondary market? Or is it literally a case by case basis?

For example. I own a HGVCLUB timeshare in Hawaii. I get HGVC points every other year that I can use for either HGVC properties or exchange them through the RCI for their locations. So if I decide to sell my timeshare through RedWeek, does the buyer have the same options I had or do they just get to use the timeshare for the week I bought it and no other options (such as other HGVC properties or RCI network).

TIA for any information.

This isn't specific to the method of resale (I've bought via an agent on TUG, and ebay) but the timeshare itself. HGVC doesn't restrict anything but the MAX membership, so it works like you say. Some companies like I think Marriott require you to recertify via them for some huge amount to even buy the timeshare at all. So you have to look at the actual timeshare you're buying or selling.

 

[jp10558]

It depends on the individual timeshare and the system to which it belongs.

HGVC is among the best. If a resale buyer pays HGVC's enrollment fee (a few hundred dollars), the unit is treated the same as a developer purchase (I don't know if that includes RCI membership, but it would be the same for the resale buyer). Other systems treat resale buyers like sh*t; for example, Westgate has a different timetable for a resale purchaser to make reservations -- making even that difficult to impossible. Other developers have different policies. Marriott allows resale weeks to be used as before, but charges tens of thousands to enroll them in Abound (even if the unit had been enrolled in Abound before). Westin charges less for StarOption eligibility.

So yes, it is a case by case analysis.

HGVC includes RCI in the club fees, even resale.