HTSE Lawai Beach Resort deedback?

[momofthreeplusone]

Good morning everyone, just got back from a lovely rented week at Lawai Beach Resort. Have been considering buying there now for over a year, not making rash decisions, really thinking it through. We are confident that we will use it and love it and are ready to buy. The resort is re-selling 2 weeks annually for $1800 plus MF, all said and done I feel a good deal, all closing costs included. My question is though, I notice the stipulation that these weeks cannot be deeded back. So, am I better off searching for a private seller with weeks that can be deeded back? I’ve been reading threads about deeding back, sounds like it is an involved process. Am I better off selling on my own, in say, 40 years when we aren’t able to travel anymore? How does one leave weeks to their children? Will this be a hassle for them to deal with when we are gone? Ultimately, do I want weeks that can be deeded back?
Sorry, I realize that’s a whole lot of questions....am so very grateful for all of the help found here.

 

[geist1223]

Yes you do want weeks that can be Deeded back. There were several recently listed in the TUG Market Place.

 

[momofthreeplusone]

Am considering buying two weeks at the same resort, Lawai Beach Resort. Is it better to get both weeks on one deed or each week on a separate deed? Wondering about future re-selling options, which will be easier when we are ready to part with it?

 

[Karen G]

I think two separate deeds would be best for future re-selling.

 

[Karen G]

Whether or not a resort accepts deedbacks is up to the HOA, I think, and it's something that could change over time. The price sounds really good for the two weeks and if it's a place you want to return to every year, that's great. We used to own there and it was a well-run timeshare and we enjoyed owning there.

Heirs are not required to accept an inheritance if they don't want it. If it came down to it and your kids didn't want the timeshare, they aren't obligated to take it. Since all closing costs are included in the price, that's a good deal. Closing costs can be kind of high in Hawaii. I wouldn't base my decision on what "might" happen in 40 years. However, if you've been able to rent there, can you just continue renting when you want to go there? That way you aren't tied to maintenance fees or deedbacks or anything else that comes with ownership.

 

[slip]

What building are you buying into? It is a very nice resort and has been run well also.

 

[momofthreeplusone]

We love the Alii building. Right now they are selling 1 week for $1200 or 2 weeks for $1800, closing costs included. In either Alii or Banyan. But the weeks cannot be deeded back to the resort and are all on one deed. So basically I am trying to figure out if that’s a good deal, or if I would be better off buying two weeks from private sellers on different deeds.

 

[slip]

Did you ask them if they could put each one on it’s own deed? It couldn’t hurt to ask.

 

[momofthreeplusone]

Thanks Jeff, the deal they are selling is one week for $1200 one one deed or two weeks for $1800 on one deed.

 

[Calyn79]

The Lawai Beach Resort is so wonderfully run and maintained...also great HOA and super view/beach location on Kauai....you just can't beat this resort when comparing other t/shares on Kauai and for the weekly purchase costs.....especially when you look at the developer run resorts - like Marriott and Diamond!!! I would always recommend obtaining weeks that can be deeded back to the resort (if permitted) and each on their own deeds. Putting weeks on one deed is cheaper going in, however, when selling if you don't sell the 'exact' deed to one purchaser, then you will incur extra costs upon separate sales to break them apart....least ways that is my understanding of the deeds. I own weeks at Lawai Beach.

 

[momofthreeplusone]

Thanks Calyn79. I have been considering buying at LBR for two years now, I know we will love it and use it. I am going to keep looking for weeks on separate deeds, with the stipulation that they can be deeded back if ever necessary. Not that the deed back option is ideal, but I would at least like to have that option.

 

[Calyn79]

momofthreeplusone - I forgot to mention that there also is a FBook page - https://www.facebook.com/groups/74718200055/ -that is quite active for owner rentals, exchanges and sales etc. and all things Kauai and Lawai Beach. It is not connected to the resort's management or board in any way, however, some members of each do belong and comment from time to time. The resort is very well run and still holds an owners' meeting each week, has a good website with updates and quarterly very informative newsletters. Wishing you well in your ownership search -- no disappointments owning your own Lawai week - it just makes returning year after year hassle free.

 

[dude-luv]

Anyone considering buying at Lawai Beach should look up the term 'spalling.' Lawai Beach Resort has a serious problem with
spalling that is costing them a lot of money. They are a very pro-active and well run resort but the spalling problem could outweigh
the benefits of owning there.

 

[momofthreeplusone]

Yes, for sure. It’s an older resort, many of that age throughout Hawaii are being affected. They have recently repaired one building, the rest are planned, with enough surplus funds in reserve to cover the costs. That’s according to the most recent owners newsletter. Hopefully the reserve funds cover it.