Timeshare Resale Buyer FAQ

What is Timeshare?

Simply put, timeshare is the opportunity to own premium vacation or resort property without the exorbitant cost of year-round ownership. Owning timeshare gives you the exclusive right to vacation at a specific resort during a specific week every year for as long as you own your timeshare. Timeshare ownership can be deeded, leased, or licensed. Timeshare weeks differ and are valued according to a variety of factors including:

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

By purchasing timeshare at the current rate, you will be providing your family with 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 annual vacations.

How is a Timeshare Resort Different than a Hotel?

Timeshare resorts are generally much higher in quality than most hotels, and they offer a greater array of amenities and services. Most resorts are located in breathtaking settings and provide all the features of a home away from home, such as:

• Fully furnished kitchens
• Spacious living areas
• TVs and 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 stress-free and entertaining as possible.

Does Owning Timeshare Make Sound Financial Sense?

Timesharing provides its owners with an entire lifetime of luxury vacations, but at today's prices. Most people discover that after just a few years of ownership, they have more than recouped what they paid for their timeshare. By purchasing timeshare, you are in effect turning a luxury expense into an equity position, which when deeded can be willed to your children.

At Timeshare Resale Rental, we offer an extraordinary inventory of discounted timeshare resales throughout the world. Browse our enormous inventory of timeshare resales and start saving today!

How Does Timeshare Exchanging Work?

There are several timeshare exchange companies, but the most prominent are Resort Condominiums International (RCI) and Interval International (II). These two companies handle 95% of timeshare exchanges and are affiliated with over 7,500 resorts around the globe.

The concept of timeshare exchange is really quite simple. By exchanging your timeshare, you are trading your vacation week at your resort with another timeshare owner's week at another resort. You can either become a member of your home resort exchange company or use the services of any of the other independent resort exchange companies. Joining is easy and affordable! Speak to one of our expert staff members to learn more about the exciting exchange opportunities available to timeshare property owners.

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

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, 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. A fixed week will typically 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 the timeshare.

What is a Float Week?

A float week is a week that may be used at any time of 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. Keep in mind that high and low seasons vary from resort to resort, so 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 enables 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 gives owners the flexibility to use a certain number of points towards their vacation, from a one-night stay up to the maximum number of weeks purchased. Flexibility is a major advantage to the point system, but it is important to keep in mind that everything is based upon resort availability. Timeshare points are available on the timeshare resale market.

What Does it Mean to Bank a Week?

Banking a week means to "deposit" your timeshare resale week with an exchange company so it may be used at a later date. This banked week may be used 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?

With bi-annual timeshare, owners can use the resort two weeks a 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 units as well as the common grounds of the resort property by paying a maintenance fee typically ranging from $200 to $700 annually. When pooled together, these fees pay for ongoing maintenance, beautification, capital improvements and general upkeep of the property.

Why are Prices so Low on the Timeshare Resale Market?

It is no secret that resort prices are inflated 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 up to 65% or more!

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.