Hilton Grand Vacations Club at Elara

While Hilton Grand Vacations does not have an official buy back program, they have been known in the past to consider buying back timeshares on a case by case basis, depending on the ownership. However, they have recently suspended buying back timeshares, so owners should contact Hilton directly for the latest status on their policy.

Keep in mind that Hilton is in active sales, so any buy back consideration will depend on where their priorities are for timeshare inventory that they can resell. This could lead to low-ball offers, so the best chance to get the most for your ownership would be to sell your Hilton timeshare yourself.

There would also be specific criteria involved, such as the ownership being free of any mortgage or liens, and annual fees paid and up to date. Even so, if Hilton does not need the inventory back, chances are they would not consider buying it back.

There are a few ways to sell a Hilton Grand Vacation Club timeshare, but they mainly involve the owner handling the process themselves.

Owners can try promoting their Hilton timeshare for sale through their social media accounts or by taking out an ad in a magazine or newspaper. Perhaps contacting friends and family to see if they would want it. But the vast majority of timeshare buyers start their search like anyone else searching for a product – by searching the internet.

This is why owners have the best chance of selling by using a company that specializes in promoting timeshares on the internet. A timeshare resale advertising company targets timeshare buyers by using online search engine marketing tactics. By developing strategies around the search terms consumers use when they are looking for timeshares, these companies get in front of those consumers.

Owners would advertise their timeshare on these sites, negotiate directly with the prospective buyer and come to an agreement. Once an agreement is reached, the deal is sent to closing and transferred from the existing to the new owner and the proceeds sent to the sellers. Owners receive the full customer service support of the company and the only cost would be the advertising fee.

Timeshare resale brokers operate very similar to real estate companies in that an agent is assigned to the owner’s account and works on their behalf. The agent handles the negotiation with the prospective timeshare buyer, presents offers to the seller and completes the agreement. The deal goes to closing and funds are released. This tends to be the more expensive option when the timeshare sells, since brokers typically charge a commission of 15 percent of the sale price or $1,500, whichever is higher.

Hilton Grand Vacation Club also has an in-house resale program. The company would take the listing and manage the process similar to the way a broker operates. However, they are also the most expensive option – charging a 25% commission on the sale.

Certainly Hilton Grand Vacations timeshare are worth it, but this really depends in large part on how you purchase it and where you want to vacation.

The perceived worth of any product is usually a combination of the cost of the product and its use. If a product is purchased at a high cost but never used, it could be seen as not worth it. Conversely, a lower cost product that is regularly used could be seen as a great deal.

This is often the case with timeshares. First, let’s talk about the price. Timeshare prices at the resorts can be 60% higher than timeshare resales because the resorts have to pay sales commissions to sales people and recoup marketing costs. Hilton says the average price of their timeshares bought through them is $22,000, so that’s thousands of dollars that can be saved by buying on the resale market.

Using the product is also important. Some owners make an impulse purchase at the resort and rarely, if ever, end up using it. Other owners use it every year and enjoy years of great vacations. Generally, the more an owner uses it, the more value they see in the program.

Access to popular, high demand locations is also a factor. Owners who buy at Hilton timeshare resorts in New York City can have access to high quality accommodation in midtown Manhattan. Upscale spots in Miami Beach, Honolulu and Park City, among others, give owners access during peak season when hotel bookings can be through the roof.

Don’t lose sight of the fact that with the Hilton points system, points can be used to book accommodation at resorts across the Hilton timeshare network in the US and abroad. Timeshare points can also be converted into Hilton Honors points which provides vacation options across the world in over 5,000 Hilton hotels.

This depends on how and what is purchased. According to Hilton, the average price of a new sale timeshare through Hilton costs about $22,000. Keep in mind that Hilton Grand Vacations Club assigns points to their ownership, so the more points you buy, the higher the price. The amount of needed points depends on the size of the unit you want to stay in and the resort in which you buy, which would be your home resort. Any financing of the timeshare purchase would add to the cost as well.

On the resale market, these costs are much lower than purchasing at the resort. The resort prices include sales commissions and marketing costs which can be as high as 60% of the overall price of the timeshare. By removing these costs, you’ll have a better starting point for the resale cost of a Hilton timeshare.

For example, there are Hilton Grand Vacations Club at Elara timeshares for sale on the resale market advertised between $8,000 and $10,000. Some are advertised at higher prices, some at lower costs, but you get the idea.

There is no casino within the Hilton Grand Vacations Club at Elara, but timeshare owners and guests can access the casino at Planet Hollywood Resort. The two resorts are basically next door to each other and connected through the Miracle Mile shopping mall.