Why Buy A Timeshare?
The security of other Timeshare owners at your resort. Many resorts to choose from with the exchange program worldwide. Lock in your timeshare vacation accommodations.
For example: If you purchase a timeshare today at $5,500.00, use it for 10 years and sell it at the same price you paid for it originally...you end up with equity.
In contrast: if you rented a hotel room you would have useless receipts. As with most deeded resorts, you can rent it, sell it, lend it, exchange it or present it as a gift of precious memories for that special event in your life... honeymoons, anniversaries, family reunions.
Timeshare makes sense.
Timeshare vacations are diverse.... from a log cabin next toski.jpg (15090 bytes) a trout stream to an exotic tropical paradise in the South Pacific to the exciting ski slopes of The Rockies, you can be assured that your accommodations are first class.
You don't have to be a millionaire to enjoy luxury vacations. You also get many benefits when you are a timeshare owner, travel agents, discount airfares, bonus weeks you can even gift these to your business associates and loved ones for that vacation of a lifetime.
Are you interested in Vacation Resort Ownership?
Here is some basic information you will need to know before you buy a timeshare :
When you buy from an owner there is a TITLE company that will guarantee a clear title for you. When you buy from an owner you pay far less than you would if you bought from a DEVELOPER or a BROKER.WHY? you are eliminating the middleman when you buy directly from a timeshare owner.
Types of Time-share Ownership:
Deeded: You will have a recorded "Deed" with this type of ownership. Your period of ownership is forever.
Right-to-Use: This type of ownership is for a set amount of time. After the agreed time of ownership expires, ownership converts back to the Grantor. During your ownership, you can convey your ownership to another party.
Membership: This is not ownership, it is a "Membership". You pay a large sum of money to buy into the membership plus there are annual membership fees. Be very cautious of this type of Timeshare. Usually, the language in the membership agreement states: if you miss one of the annual payments, your membership will terminate. Some of these memberships can be transferred, some can not.
NOTE: Some Resorts also offer bi-annual ownership. (check your paperwork)
Periods of Time-share Ownership:
Usually, your timeshare period (check-in date) is numbered from 1-52. Week "1" starting in the first week of the year. Week "52" being the last week of the year.
"Floating/ Flex" periods. Which can be divided into Seasons (Blue Floating/Flex) (White Floating/Flex) (Red Floating/Flex). If your ownership is for a Floating/Flex period, you can check in on different dates according to your ownership.
Blue Season (Good): Also known as "off-season". This would be the time of year which the Resort and location are of the least demand. If you own a "Blue Floating/Flex" period, you will only be allowed to check in during these "off-season" dates. If you are planning to buy an "off-season" week, plan on getting it for a cheap price.
White Season (Better): Also known as "midseason". This would be the time of year which is between "Off Season" and "Peak Season". The time of year right before the "Peak Season" starts and right after the "Peak Season" is over. If you own a "White Floating/Flex" period, you are allowed to check-in during the "mid-season" and the "off-season" dates. If you are planning to buy a "mid-season" week, plan on getting it for a reasonable price.
Red Season (Best): Also known as "high/peak season". This is the time of the year everyone wants to be at the resort (highest demand). If you own a "Red Floating/Flex" period, you can check in any time of the year. If you are planning to buy a "peak season" week, plan on paying a pretty penny for it.
NOTE: Interval International (an exchange company for timeshare) rates Blue as Green, White as Yellow, and Red as Red.
Size of Time-share Ownership:
Studio: A small unit, usually similar to a hotel room. Sleeps two, sometimes four.
One Bedroom: Similar to a small apartment: a living room area, kitchen area, with a private bedroom. Usually sleeps four (two in the bedroom and two on a pull-out sleeper sofa in the living room area).
Two Bedroom: Usually sleeps six (two in one bedroom, two in the other bedroom, and two on a pull-out sleeper sofa in the living room area). Some two-bedroom units can sleep eight if it has a loft.
Lock-Out: These units vary in size, usually divided into two separate apartments. Each with its own living room and kitchen areas. If you own a Lock-Out unit, you can use one and exchange or rent the other. These units can be big enough to sleep eight to twelve people.
Obviously a Deeded two-bedroom unit during "Peak Season" would cost a lot more than a Studio unit during "Off Season". Of course, there are other factors to the value of a timeshare unit, but this is the basic framework of timeshare value.
Costs of Time-share Ownership:
Purchase Price: The amount of money paid for ownership plus any "transfer fees" (can range from $50 to $500).
Maintenance Fees: The amount of money paid annually for maintenance of your unit. This amount can range anywhere from $100 to $700.
Property Tax: The amount of tax to be paid by you for your timeshare unit. This amount is usually reasonable, ranging from $10 to $100.
Special Assessment: This the amount of money the Resort can require you to pay on an un-regular basis. Usually, for a remodeling project, check your timeshare documents for the max amount they can charge you and how often they can charge you. This amount can range from $20 to $400, you may want to check the Resort history record for past amounts and times.
Why not buy a timeshare directly from the owner? Buying a timeshare directly from an owner can save you thousands of dollars....No Commissions, No hidden charges ever!