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What is a Timeshare ownership?
Vacation ownership also known as timesharing offers consumers the opportunity to purchase fully furnished condominium style vacation accommodations in a variety of forms such as fixed weeks, floating weeks, points based clubs, fractionals and cruises, Campground and RV Memberships for only a percentage of the cost of full condominium or vacation home ownership. Two basic types of timeshare units are sold: fee simple where the buyer gets title to a fraction of the unit; and right-to-use where the purchaser is entitled to use the unit for a specified period of time, but does not have an ownership interest. For a one-time purchase price and payment of a yearly maintenance fees and taxes, purchasers own their vacation either in perpetuity or for a predetermined number of years. More than 5 million families have discovered the benefits and affordability of buying one or two weeks of vacation ownership rather than year-round ownership of a condominium unit or second home.
Where are most vacation ownership resorts located?
Vacation ownership resorts are found across the globe in most every popular vacation destination. You'll find vacation ownership resorts near beaches, ski areas, attraction areas, major cities, rivers and lakes.
How does a Timeshare Property work?
Each condominium or campground and RV membership of a vacation ownership resort is divided into intervals, either by the week or points equivalent, which are sold separately. The condominiums and campground RV memberships are priced according to a variety of factors, including size of the unit, resort amenities, location, and season. For a one-time purchase price and payment of yearly maintenance fees and taxes, purchasers own their vacation either in perpetuity (Deeded) or for a predetermined number of years (Right to Use). Ownership entitles you to a certain amount of time in that property per year. Owners share both the use and the costs of upkeep of their unit and the common grounds of the resort property.
What are the advantages to becoming a Timeshare owner?
The advantages are numerous. Vacation ownership secures affordable, diverse quality vacations for life. Simply put, vacation ownership provides tomorrow's vacations at today's prices. But there's more. Typically your vacation ownership accommodations far exceed your typical hotel room. Luxury rooms, kitchens, multiple bedrooms and baths, they're really a home away from home, and the campgrounds and RV grounds are well kept and secure.
How many people are Timeshare owners?
It is estimated that more than 5 million families have discovered the benefits and affordability of buying one or two weeks of vacation ownership rather than year-round ownership of a timeshare condominium unit or second home. What are some of the most common vacation options? Whole ownership of a vacation home or condominium, campground and RV membership... Pay rent to hotels & motels... Rent or purchase a motor home...Or, Vacation ownership where you receive all of the same benefits of condominium or vacation home ownership at a fraction of the price because you only purchase the time that you need.
If I purchase, when will I receive my Deed, Share Block, or RTU Membership?
After the timeshare, campground, or RV membership is recorded at the county courthouse. It is then sent to you along with your title policy. With most sales the usual time frame is approximately ninety days. There are exceptions to this as some counties take longer to process.
Can I ever sell my Timeshare ownership?
Yes. Once you are the legal owner of a vacation ownership week, you may sell it at any time. -