Commonly Asked Question about Timeshare Resales, Renting a Timeshare, and Time share Buying.

Frequently we come across some question that many of our clients as well as potential buyers and renters have. In order to save you time, and answer some of these we have listed these common timeshare questions for you to look through. We hope this helps and provides a solution for whatever you may need. If you still have questions, please don’t hesitate to contact us directly.

What is Timesharing or Vacation Ownership?
Are there different kinds of timeshare ownerships?
Why purchase a resale timeshare?
Do I need a Real Estate broker to sell my timeshare?
Do I have to have an appraisal to sell my property?

What is Timesharing or Vacation Ownership?

Timesharing is an economical way to vacation first class and spend quality time with your loved ones! Timesharing first started in America during the mid 1970's. Since then, the idea has exploded throughout the United States and many other countries, due to the overwhelming increase in travel popularity as well as ease of travel.

Timesharing gives owners the exclusive right to use a unit in a real estate development for a specified period of time each year. Usage privileges are generally sold in one-week allotments, whereby a unit is divided into 52 equal time slots. Owning a timeshare ‘week’ means you enjoy a luxury vacation home without incuring the entire cost of the property.

Throughout the US and abroad, thousands of timeshare resorts offer high quality accommodations to the discerning traveler. Most developments feature one, two, and three bedroom units - including amenities such as full service kitchens (cookware, microwave, dishwasher, ice maker, garbage disposal, etc.), furnished living room, laundry facilities, walk-in closets, color TV/VCR, fireplace, air-conditioning, hot tub/Jacuzzi, swimming, tennis, racquetball, golf, clubhouse/recreation room, restaurants on site and much, much more.

Staying in a resort timeshare can provide you with all the comforts of your own home and much more. Spacious floor plans, combined with professional interior designs can create the personal environment not available in most hotel/motel rooms. Other lodging options fail in comparison to the richness and frills offered through timeshare resorts.

If you prefer vacationing in style, resort timesharing can grant the elegant luxuries of which you've dreamed.

Are there different kinds of timeshare ownerships?

The primary types of timeshare ownership are Deeded Timeshare, Right-to-Use, and most recently to the industry, Points System Timeshare.

Deeded Timeshare: you purchase an interest in real estate, receive a title, title insurance policy and a general warranty deed. As with a house, a deeded timeshare may be rented out, resold, or willed to your heirs.

Right-to-Use: you purchase a lease that ranges from 20 to 40 years on average. The owner does not actually have an interest in real estate but still can do most of the options available to the deeded properties, but the rights are terminated at the end of the lease period.

Points System: you purchase ‘points’ (real estate interest) in the resort. Vacations are utilized by exchanging points for certain units in certain time periods, both of which are flexible to the owner. Each resort sets its own value regarding the amount of points necessary for each unit size and days of usage. Points systems can be deeded or leased, depending on the resort developer.

Why purchase a resale timeshare?

Timeshare resales offer people the opportunity to purchase the exact same product offered by resort developers at a significantly lower price. Its only limit is availability. In most cases, all the benefits offered by the resort to the initial purchaser are carried through to the resale purchaser.

Sellers listing their properties with Timeshare Solution are informed that they should price their timeshares competitively, to give the prospective buyer a reason to buy resale as opposed to buying directly from the developer. This idea will enable the seller to move their property in a more timely manner and save the purchaser hundreds or even thousands of dollars.

Do I need a Real Estate broker to sell my timeshare?

No. Timeshare Solution considers all sales as FSBO (For Sale by Owner). Most timeshare brokers charge an appraisal fee and take 19% to 42% commission of the sale. Frequently brokers don’t actually advertise or otherwise expose the property. If a potential buyer calls about purchasing a timeshare, the timeshare broker may direct him to another property on which the commission is greater.

A buyer contacting us is able to search our entire inventory across all of our site, with asking price, on any of our marketing websites.

Do I have to have an appraisal to sell my property?

No. Some brokers require one (for which you are charged) before listing a property. You are not legally required to have one. Timeshare Solution does not require an appraisal to list your property.