The
Benefits of Owning A Timeshare
- No need to make reservations at
a hotel or motel and pay by the day. You can stay in a
luxurious unit at a resort instead at no extra cost.
- You don’t have to spend your vacation
at the same location year after year. Join a timeshare
exchange program and exchange the week you own for
another week at another participating resort.
- You can vacation at the time of year
that you want. No need to wait because the hotel on the
beach was booked. You will be guaranteed a spot every
year at your desired location.
- You pay for what you use and share other
expenses with other owners throughout the year.
- Provides you the opportunity to own instead
of rent your condominium at a luxurious resort. You can
also reap the tax benefits of owning a second home.
- Enjoy more time with your family and
friends.
Please browse our
listings and see all the wonderful options for your
dream vacation.
Buying a timeshare resale saves you money.
You can buy completely furnished accommodations for a fraction
of the cost of a full ownership.
Timeshare resales are offered in several
ways: vacation clubs, points-based systems, weekly intervals,
and more. Purchasers own their timeshare for a predetermined
amount of years at a one-time price and yearly maintenance
fee. The previous owners of the home/unit that you bought
a timeshare from takes care of the marketing and development
expenses involved in the property. You will be responsible
only for the use and for upkeep of the unit.
Types of Timeshare Ownership
- Fee Simple Ownership is owning a deeded property forever.
It is like owning a home.
- Certificate Ownership or Right-to-Use ownership is for
a specified time period often 20-30 years in duration.
It is the most common form of ownership outside the United
States.
- Leasehold provides the same ownership rights as a Fee
Simple Ownership, but has a specified expiration date.
Types of Membership
- Fixed Week is a common form of a timeshare. You chose
one or more weeks at your home resort during the year.
This also guarantees that the resort will be ready when
you arrive each year. A fixed week could be exchanged
for another week, but you will have to take a week (not
the same week that you own) at another resort during the
same season.
- Floating Time is buying by the size and season. You
must always confirm your arrival time with the resort
each time. You must act quickly due to the high demand
for desirable weeks. Time can be exchanged, but you must
reserve your time with the resort before an exchange company
will accept any deposits.
- Points are an extremely flexible type of membership.
You can purchase points for a unit size and a time period
for the year. You can then use these points like money
to purchase vacation time, unit size, and the resort that
you want. You must act quickly, because it is sold on
a first come, first served basis.
- Multi-location membership allows you to go to other
Timeshare within the same timeshare organization.
- Fractional membership allows you to own a part of an
upscale place in a resort. Each owner has an equal amount
of days to use the unit. This type of ownership is much
more expensive than a regular timeshare.
Forms of Accommodations
- Hotel unit - sleeps 2
- Studio unit - sleeps 2-4
- One bedroom unit - sleeps 4-6
- Two bedroom unit - sleeps 6-8
- Three bedroom unit - sleeps 8+
- Lock-off unit - any of the above combinations with
a locking door
Maintenance Fee
The maintenance fee is a yearly charge for timeshare upkeep.
It covers the following: utilities, taxes, insurance, furniture
and resort facilities.
Transfer Fee
A transfer fee is a resort fee for transferring ownership
between parties for resale Timeshare.
Recording Fee
A recording fee is set by the county for deeded properties
within the county.
Assessments
Assessments are for improvements and/or repairs the maintenance
fee doesn’t cover.
Tired of vacationing in the same location year after year?
When you decide to purchase a timeshare, join an exchange
program. An exchange program allows you to trade your owned
time period with another resort. Your exchanged timeshare
will be exactly like the timeshare you own with your home
resort. The program helps to add variety to your vacation.
Walk the beaches of the Caribbean one year and tour Irish
castles the next year.
With an exchange program, you do give up your timeshare
usage rights to use another person’s weeks that he
or she deposited in the exchange company’s “space
bank.”
How it works
- You will need to inform the exchange company of the
following: location, acceptable minimum size, specific
amenities, and desirable resorts.
- The company will search their inventory for availabilities.
The company will immediately offer you the exchange if
something is available.
- After accepting an exchange, make sure you know the
rules of the exchange company and cancellation policies.
- Remember to deposit your week early to receive more
opportunities and receive the exchange you desire.
- Be flexible about the resorts you choose.
If you want more information about exchanges, contact the
RCI (Resort Condominiums International) at 1-800-338-7777
or II (Interval International) at 1-800-843-8843.
Timeshare Weeks for 2005-2007
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