If you’re an owner of a Hilton Grand Vacation property and are looking to sell your ownership, you may be wondering if it’s possible to sell it to another existing owner. The answer is yes, but there are some conditions that need to be met.
What is Hilton Grand Vacation?
Hilton Grand Vacations is a popular timeshare program that allows individuals to own a piece of a vacation property for a set amount of time each year. Hilton Grand Vacations properties offer luxurious amenities such as premium bedding, full kitchens, and access to exclusive resort facilities.
Can You Sell Your Ownership?
Yes, owners can sell their ownership to other interested parties. However, the process can be somewhat complicated and there are some restrictions in place.
- Firstly, the owner must contact Hilton Grand Vacations directly to express their interest in selling their ownership.
- Secondly, the company will provide the owner with a resale package that outlines all the necessary steps and requirements for selling their ownership.
- The owner must also find an interested buyer who meets all of Hilton Grand Vacations’ eligibility requirements.
Restrictions on Selling Ownership
There are some restrictions in place when it comes to selling your Hilton Grand Vacation ownership. For example:
- The resale price must be at or above the minimum price set by Hilton Grand Vacations.
- The buyer must meet all of the eligibility requirements set by Hilton Grand Vacations. For example, they must have a minimum credit score and meet certain income requirements.
- Hilton Grand Vacations has the right of first refusal, meaning they have the option to buy back any ownership that is being sold before it can be sold to another party.
Selling Your Ownership to Another Existing Owner
If you’re looking to sell your ownership to another existing owner, the process is similar to selling it to a new buyer. However, there are some additional requirements that must be met.
- The buyer must already be an existing owner with Hilton Grand Vacations.
- The buyer must not already own the same property or unit that you are selling.
- The resale price must be at or above the minimum price set by Hilton Grand Vacations.
Conclusion
In conclusion, it is possible for owners of a Hilton Grand Vacation property to sell their ownership to another existing owner. However, there are some restrictions and requirements that need to be met. If you’re considering selling your Hilton Grand Vacation ownership, it’s important to contact the company directly and obtain all the necessary information before proceeding with the sale.
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