My husband and I have been owners with WorldMark for probably 20 years and have exchanged into Princeville many times. We love it there. We discovered the Hanalei Bay Resort about 6 years ago while driving around dreaming of buying our own condo. We weren't really in the market to buy another timeshare, but the location is simply paradise. We stopped into a timeshare resale place and asked some questions, and then back to the resort to talk to a few owners. We heard about the poor management and trouble the resort was going through, so we decided it would not be a good decision to buy. Since then we have stayed there 3 times with exchanges thru RCI, II, and a booking through VRBO. We have watched the turnaround the resort is making, and fell even more in love. We went to Kauai for a few days last month with an exchange into Kapaa, but found ourselves up on the North Shore 2 of the 3 days. Of course we had to check out our favorite spot - HBR. They have a resale office on site now, selling foreclosed ownerships. Though we weren't really looking to buy another timeshare, we would love to stay at HBR every year and exchanging doesn't guarantee we'd be able to do that, so are seriously looking at buying. We are interested in a 2 bedroom mostly because the views of the bay. We were told they are selling those for $8500 (2 bdrm maintenance fees are $1500/yr). Is that a fair price? should we be negotiating? Should we be keeping our eye out to buy from a private party instead? (The resale person said it would be faster, easier, and closing costs about $1000 less by going through her.)
One thing that is making me a bit unsure about buying is that my husband doesn't find out when his vacation will be for the following year until Nov., and since owners can book out as far as 25 months, and bonus time at 12 months, I'm worried there wont ever be availability for us once we find out when we can go. I'm wondering if we'd have just as much success continuing to exchange when we can, and VRBO when we cant. Any owners out there with advice on that? Or anything else about being an owner there?
One thing that is making me a bit unsure about buying is that my husband doesn't find out when his vacation will be for the following year until Nov., and since owners can book out as far as 25 months, and bonus time at 12 months, I'm worried there wont ever be availability for us once we find out when we can go. I'm wondering if we'd have just as much success continuing to exchange when we can, and VRBO when we cant. Any owners out there with advice on that? Or anything else about being an owner there?
help w/Hanalei Bay Resort (Princeville, Kauai)
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