5. For example: If you purchase a timeshare today at
$5,500.00, use it 10 years and sell it at the same price you
paid for it originally...you end up with equity.
6. 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.
8. Time share 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 .
9. 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 air fares ,bonus
weeks you can even gift these to your business associates
and loved ones for that vacation of a lifetime .
11. Here is some basic information you will need to know
before you buy a timeshare :
12. When you buy from an owner there is a TITLE company
that will guarantee 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.
14. Deeded: You will have a recorded "Deed" with this type of
ownership. Your period of ownership is forever.
15. 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.
16. Membership: This is not an 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 Time share. 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.
17. NOTE: Some Resorts also offer bi-annual ownership.
(check your paperwork)
19. Usually your time share 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.
20. "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.
21. Blue Season (Good): Also known as "off season". This
would be the time of year which the Resort and location is
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 a "off
season" week, plan on getting it for a cheap price.
22. White Season (Better): Also known as "mid season". 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.
23. 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.
24. NOTE: Interval International (an exchange company for
timeshare) rates Blue as Green, White as Yellow and Red
as Red.
26. Studio: A small unit, usually similar to a hotel room. Sleeps
two, sometimes four.
27. 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).
28. 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.
29. 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.
30. 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 frame work
of timeshare value.
32. Purchase Price: The amount of money paid for ownership
plus any "transfer fees" (can range from $50 to $500).
33. Maintenance Fees: The amount of money paid annually
for maintenance of your unit. This amount can range
anywhere from $100 to $700.
34. Property Tax: The amount of tax to be paid by you for your
time share unit. This amount is usually reasonable, ranging
from $10 to $100.
35. Special Assessment: This the amount of money the Resort
can require you to pay on a un-regular basis. Usually for a
re-modeling 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.
37. Why not buy a time share directly from the owner? Buying
a time share directly from an owner can save you
thousands of dollars....No Commissions, No hidden
charges ever!
