With its hotel business dating back to 1919, Hilton Hotels has been in business for a long time. Though it may share the name, Hilton Grand Vacations Club (also known simply as HGV or HGVC) is a much younger and less-established business, having been around only since 1992.
HGV timeshare owners are often dismayed to find that the company’s products are not quite up to the standard of the hotel business. Annual maintenance fees and special assessments are constantly due, and they raise the total cost of a timeshare on a regular basis. Mergers with other timeshare developers create confusing ownership tiers and even throw up barriers to taking vacations when you want them.
After a certain point, HGV timeshares become a tiresome burden, and owners want out. But there is not a one-size-fits-all solution for how to get out of Hilton Grand Vacation timeshares. Having a successful exit strategy often depends on getting the right people on your team.
As the premier timeshare exit company, Centerstone Group has helped many HGV owners free themselves of the financial burden of their timeshares. This article will look at the options owners have, so that you can learn more about what might be the best exit for your situation.
Most states have laws for a “cooling off” or timeshare cancellation period after you’ve purchased a timeshare. Maybe you felt too pressured to sign at the sales presentation or simply changed your mind.
Either way, you should know the laws of the state where you signed the contract and your home state because you probably have a rescission period of between three days and two weeks to cancel the contract. You may also have another cancellation right under the terms of your contract, so reading the agreement is important.
If you are able to go this route, remember: Time is of the essence. If you don’t complete the cancellation perfectly under the law and the terms of the contract, HGV probably won’t let you out of your timeshare, and you’ll be stuck. Because of the high degree of risk here, having a team of professionals with experience in HGV timeshare rescission is an excellent idea.
Many timeshare owners were sold their units or vacation club memberships as real estate “investment opportunities.” They later learn, to their chagrin, that timeshares are a terrible investment. There is often still the hope, though, that someone will want to buy it, leading to the common question, “Can I sell my Hilton Grand Vacation timeshare?”
The unfortunate truth is that all timeshares – not just HGV timeshares – are nearly impossible to sell on the resale market, even if you have a licensed Realtor helping you.
Even a nice timeshare in Las Vegas, Nevada, or Orlando, Florida, is a drop in a very saturated market. If you’re one of the lucky ones with an exclusive, high-end timeshare in Maui, Hawaii, you might be able to sell your timeshare — but it won’t be for a profit. In most cases, timeshare owners struggle to sell their timeshare for $1 or even can’t find someone to take it for free.
Another reason to avoid this tactic is the number of timeshare resale scams from so-called “resale companies” that try to grab your money upfront and then never deliver. While other sales methods are likely to fail, this one almost always does, while costing you thousands of dollars on top of it.
Like many timeshare companies, HGV has its own exit options, even if they work better in theory than in practice. After their website tries to sell you more points, it will suggest other options, like loan modification or payment plans. Of course, options like those aren’t solutions so much as they are temporary band-aids.
HGV may allow you to “deed back” your timeshare to the company, but only if you are up-to-date on all your fee payments and the mortgage is paid for.
What their program materials don’t say, though, is that HGV will be stingy with handing out approvals for the program. HGV can’t let everyone give back their timeshares, or it would quickly go out of business. Unless you can put enough pressure on HGV and leave them with no other option to actually take the timeshare back, then your application for a “deed back” will be denied.
HGV also unhelpfully suggests selling your timeshare, despite the fact that you can find HGV timeshares and points on eBay and similar sites without any takers.
At the end of the day, these options won’t work unless HGV allows them to work. That means you’re stuck unless you have professionals on your side with decades of experience in the timeshare industry, which is what Centerstone Group offers. Our team has years of experience in the timeshare industry and knows the right techniques to use through a proprietary three-pronged approach.
No one likes getting lawyers involved in any business transaction. They are expensive, and the legal process can take years to resolve. If you have been defrauded or otherwise legally harmed, though, a lawyer might be your best option.
Some timeshare exit companies immediately hire lawyers for their clients, thinking this is a smart move. But at Centerstone Group, we know that this is a costly solution that isn’t necessary in a lot of cases.
When we evaluate a client’s situation, we think hard about whether getting legal advice is truly the best use of your money. If it is, we can refer you to the lawyers and law firms that we have worked with for years, and we can get you lower rates for their legal fees.
Hilton Grand Vacations is a big company with a lot of expertise. When working to get out of Hilton Grand Vacation timeshare ownership, it helps to have expertise on your side. Centerstone Group would be honored to do that for you.
We have decades of experience in the timeshare industry, and many timeshare owners like you have trusted us with their exits. We are an A+-rated business accredited by the Better Business Bureau (BBB). We’ve also earned 4.77-out-of-5 stars from our customers.
Contact us today for a free consultation and let us see what we can do to help you with your situation.
Know About Us
