Timeshare Resale Buyer FAQ

What is Timeshare?

Timesharing is an incredible concept giving you the opportunity to own premier vacation or resort property without the exorbitant cost of year-round ownership. Timeshare ownership can be deeded, leased, or licensed. The basic premise behind the timeshare concept is that it gives you the exclusive right to vacation and enjoy ownership at a specific resort during a specific week each year for as long as you own it. Timeshare weeks differ and are valued according to a variety of factors including,

• Time of year
• Location
• Resort brand
• Amenities included
• Size of the unit

By purchasing at the current rate you are guaranteeing a lifetime of luxurious vacations at today's prices. Combine this with the already low prices of timeshare resales and you can see how it's possible to save an incredible amount of money on your yearly vacation.

What Makes a Timeshare Resort Different than a Hotel?

Timeshare resorts are generally far higher in quality than most hotels, offering a wide array of owner amenities and services. Most resorts are located in breathtaking settings with many offering all the features of a home away from home, such as,

• Fully furnished kitchens
• Spacious living areas
• TVs and VCR/DVD players
• Sporting/Fitness and recreational areas and services
• Swimming pools, spas, tennis courts, golf courses, horseback riding or skiing

Most timeshare resorts are staffed with well-trained hospitality professionals whose sole duty is to make your vacation as fun and stress-free as possible.

Does Owning Timeshare Make Sound Financial Sense?

Timesharing offers you a lifetime of luxury vacations, but at the price you lock-in today. Most people discover that after just 6-8 years of ownership they have more than recouped what they have paid for their timeshare in what they would have paid to vacation elsewhere. From that point forward, aside from a nominal maintenance fee, your vacation property is available for your use every year thereafter without any additional cost. By buying a timeshare, essentially what you have done is turn a luxury expense into an equity position, that when deeded, can even be willed to your children. At Timeshare-Resale-Rental.com, we offer an extraordinary inventory of discounted timeshare resales throughout the world. Click here to browse our exciting online inventory.

How Does Timeshare Exchanging Work?

There are several timeshare exchange companies. The two most prominent are Resort Condominiums International (RCI) and Interval International (II). These two exchange companies are affiliated with over 5,000 resorts across the globe.

The concept is really quite simple. Timeshare exchanging is when you trade your vacation week at your resort with another timeshare owner's week at another resort. Between RCI and II, over 1.5 million exchanges were processed last year alone. Joining is easy and affordable! You can become a member of your home resort exchange company, or use the services of any of the other independent resort exchange companies. Speak to one of our expert staff to learn more about the exciting exchange opportunities available to timeshare property owners, or click here to browse our inventory!

What is the Difference Between Deeded, Leased, and Licensed Timeshare?

Most timeshare ownerships are either deeded or leased for a specific number of years. A deeded timeshare resale property is like any other real estate purchase in that you own the timeshare outright forever. The deeded property can be sold, rented or even willed to your heirs.

A leased timeshare property gives you the right to use a specific week at the property for a specific number of years typically ranging from 20 to 99 years. When the lease matures, the right to use the property terminates and normally returns to the selling resort.

Although gaining in popularity, probably the least common form of ownership is licensed timeshare. The licensing arrangement normally involves membership in a vacation club. As a member in good standing, you have the right to use the club and all of its amenities.

What is a Fixed Week?

A fixed week is a specific week during the calendar year usually identified by a number. Usually a fixed week will start on a Friday, Saturday, or Sunday. Each week is given a number starting with the first week of the year and continuing through the end of December. Ownership of a fixed week allows you the use of the unit for that specific week annually for as long as you own it.

What is a Float Week?

A float week is a week that may be used anytime during the year based upon the resort's availability.

What is Flex Time?

Flex time is similar to a floating week; however, you are not able to use all fifty-two weeks out of the year. You may be able to use time frames such as; winter flex or summer flex, blue time frames and white time frames. For example, if you own a winter week at a ski resort, you may use any week that falls within the defined winter months. Due to competition among existing owners for prime weeks, availability may vary. High and low seasons vary from resort to resort. Be sure to investigate this before purchasing a flex week.

What are Points?

The points system (sometimes referred to as credits) is a relatively new form of timeshare ownership. This system allows the owner to purchase points to be used for travel during specific seasons of the year. The more points purchased, the more flexibility offered when wishing to travel during high season. Likewise, more points may mean a larger unit or more desirable resort.

Another advantage to the point system is that it provides you with the flexibility to use a certain number of your points towards a one-night stay or up to the maximum number of weeks purchased. Flexibility is a major advantage to the point system, although everything is based upon availability. Timeshare points are available on the timeshare resale market.

What Does it Mean to Spacebank a Week?

Spacebanking means to "deposit" your timeshare resale week with an exchange company to be saved for use at a later time. You may spacebank a week for later use at your home resort or any other resort affiliated with the exchange company.

What is the Difference Between Red, White, Yellow, Blue and Green Time?

Each color serves as a rating of the overall desirability of a particular week at a timeshare resort. Red is considered peak season and the most desirable time of year to own. Red is followed by white and yellow, and then blue and green, which are considered off-season.

What is a Bi-Annual Timeshare?

Bi-annual timeshare ownership allows the owner use of the resort every other year.

What is a Five-Star Resort?

Five-Star is the highest possible rating given to resorts in the Interval International system.

What is a Gold Crown resort?

Gold Crown is the best rating bestowed upon a resort in the Resort Condominium International network.

Why Do Resorts Charge Maintenance Fees?

Owners share the costs of upkeep of their unit as well as the common grounds of the resort property by paying a maintenance fee typically ranging from $200 to $700 annually. These fees, when pooled together, pay for ongoing property maintenance, beautification, capital improvements and general upkeep. The administration of the maintenance fee also provides you with a highly trained hospitality staff offering you the highest level of luxury and service with every visit!

Why are Prices so Low on the Timeshare Resale Market?

It is no secret that upwards of 50% of resort prices are to cover the high cost of sales and marketing campaigns. In other words, purchasing directly from a resort means you are being charged an inflated rate in order to make up for administrative and marketing costs involved in the sale of resort property. If you buy timeshare resale, you pay only the actual fair market value of that property! As a timeshare resale buyer, you not only benefit from the use of the property, but you also enjoy savings of 30-50% or more! Click here to browse our exciting inventory of timeshare resale opportunities.

Is Financing Available?

Attractive financing options exist! Click here to apply for resort financing online!

Do I Need a Lawyer to Handle the Closing?

Timeshare-Resale-Rental.com can recommend licensed and bonded timeshare title companies so that you don't have to pay expensive lawyer's fees. These companies will complete the entire process of the closing including deed preparation, escrow of funds, timeshare estoppel certificate, closing statements and recording fees all for one low flat rate. A licensed attorney will finalize the title work with a review and guarantee of accuracy.

Need more Maui Information?

You can learn much of what you need to know to plan your trip to Maui, including info about Maui hotels, condos, and restaurants, from a Maui Vacations website that describes those as well as Maui sights and activities.

Sell Your Timeshare
Rent Your Timeshare
Search Listings