Timeshares In Maui – Owning A Piece Of Paradise
Timeshares in Maui are becoming more popular these days. Buying and selling timeshares in Maui, Hawaii, is a significant investment and vacationing opportunity. Why do I say this?
Maui is known for its fantastic lifestyle that draws many to its shores every year. There is so much you can do when you visit this beautiful paradise island.
All of these possibilities add to the knowledge that you can own a timeshare on the island and sell when you think you have had enough.
As you know, owning timeshares can cause living anywhere more of reality even though its short term. Remember how long your timeshare lasts depends primarily on your contract with your part-owner.
So whether you are into buying or selling, the benefits of timeshares are an excellent investment.
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Why buy a timeshare in Maui, you might ask? There are several reasons why it would be an excellent idea, but let us look at the best. For starters, if you like the island, then you would be better off doing a timeshare which allows you to have a place to stay whenever you visit.
If that isn’t enough for you, here is another reason why. You are investing in what may eventually be an opportunity to sell higher than you paid, hence a profit.
Maui is a beautiful place with hiking trails, mountains, volcanoes, waterfalls, and much more. Are you convinced yet? I hope you are; if not, you may be missing out on a lot.
Did you know you can rent your timeshare to someone else for extra cash, especially if you won’t be there? That is also something to consider.
There are several timeshares you can purchase in Maui, and we will share them with you. Since there are so many, we will share the top ten.
The resort options include
- Four Seasons Resort Maui at Wailea
- Aston Maui Kaanapali Villas
- Ka’anapali Beach Club by Diamond Resorts
- Hyatt Regency Maui Resort And Spa
- Sands of Kahana
- Kahana Falls
- Aston Maui Kaanapali Villas
- Royal Lāhainā Resort
- Four Seasons Resort Maui at Wailea
Some of the six best rentals that are more condos and villa-like are:
- Palms At Wailea 606
- Residences at Kapalua Bay
- The Gardens at West Maui
- Wailea Grand Champions Golf Villas
- Ekahi Ocean Studio
- Papakea Resort Condos
These options allow buyers to have a broader range of opportunities to suit their tastes.
Prices for timeshares in Maui start from $500 United States dollars and go to $86,000. These prices all depend on what you are looking for, so there will be variations.
That means that timeshares in Maui can average around $20,000, give or take. There are numerous listings to be found online, so of the 62 resorts and condos, options vary from low to high depending on your preference.
It is fair to say spending $500 to $1000 on a timeshare isn’t a bad deal. It is possible to have a better deal at different times as rooms usually rise and fall depending on season and situation.
Purchasing a timeshare could be a lengthy period, and certain factors can determine how long it takes. The key to note is who you are purchasing from, which means you may be buying from someone who owns a timeshare and wants to sell.
The company you will use for closing will start an escrow into the contract, determining what each person does. This company is responsible for all money transactions regarding purchases.
With these points in mind, you have to work on several things: Right of First Refusal, Estoppel Letter, Title Search, and Recording the Deed. These steps are essential to avoid conflicts with the sale and another claiming ownership; these protect the new buyer.
All of this information means that the process could take a year or more. It could be less but depends on all parties involved. That is why having a broker is best to help with legalities.
Many resorts offer timeshare refunds depending on various timelines. Some of these properties will allow persons to cancel for up to sixty days of check-in time.
Persons using the Vistana Signature Network face fees if cancellation falls under sixty days of $50 to $75. Sullivan Properties, a collection of resorts, take an administration fee from the refund.
Marriott is known for holding back a portion of the money paid but allows persons to use it at another time or location.
About twenty-seven known places in Maui would honor cancellations within a specific time, but many may charge a fee for the inconvenience.
Final Thoughts
My conclusion is straightforward after spending some time explaining the ins and outs of Maui and the purchasing of timeshares. Timeshares are convenient for the most part, and many allow you to sell; keep the time frame of buying or selling in mind.
That means the sooner you start, the better. The other thing is that Maui is an excellent place to live for a while and do many outdoor activities.
Hawaii is a superb place with many islands, so you can still enjoy the whole area even if you stay in Maui.
Taking all that we have shared into account, it means that timeshares in Maui should be on your list of locations to consider.
