Timeshare sale at Hanalei Bay Resort

Has someone recently sold or bought a timeshare at Hanalei Bay Resort. I'm interested in finding out how much the fees are to sell a unit in the State of Hawaii. Are there methods of reducing these costs? Also, are there companies that loan specifically for purchasing a Timeshare? Thank you in advance for your help.

barbarae46 wrote:

Has someone recently sold or bought a timeshare at Hanalei Bay Resort. I'm interested in finding out how much the fees are to sell a unit in the State of Hawaii. Are there methods of reducing these costs? Also, are there companies that loan specifically for purchasing a Timeshare? Thank you in advance for your help.

1. Hanalei Bay has been the focus of legal actions by owners there against (now former) management company Celebrity Resorts. Through the court system, owners were ultimately able to basically give Celebrity "the boot".... although Celebrity still apparently has its' hands in the restaurant and bar operations there.

2. Celebrity Resorts as a company filed for Chapter 11 bankruptcy back in March, 2010. They remain in bankruptcy status today. Personally, I'm not placing any bets on their successfully emerging from bankruptcy, but I could be wrong --- only time will tell.

3. No, there are no ways to avoid or circumvent the assorted "unusual" transaction fees and closing costs in timeshare resales in Hawaii. Hawaii is currently trying to extract even MORE money from HI timeshare owners via a brand new "occupancy" tax of some sort --- don't know if it will "stick" or not.

4. NO ONE will write loans for timeshares these days, except perhaps through developer-direct sales (which are always far too expensive to even bother considering anyhow).

5. There is also usually a $200 "transfer fee" imposed by Celebrity itself when a resale ownership changes hands. While it may be negotiable between buyer and seller as to which one pays that fee, the fee itself is unavoidable.

6. Personally, I wouldn't TOUCH any facility associated in ANY way with Celebrity. Their heavy handed BOD control tactics and exorbitant maintenance fees are consistent and well known and reason enough to stay far away from them. Throw in the additional newer factors of Chapter 11 bankruptcy and the intra-family feuding within the Meyers clan (father Neil vs. son and current Celebrity CEO Jared) and I'd RUN (...not just walk) away from even THINKING about owning at ANY Celebrity associated facility. Just my personal opinion, for whatever it's worth...

If I wanted to go to Hawaii, I'd personally rent instead of considering buying, regardless of the resort or management company. However, your mileage may vary.