Time Share FAQs
There are many time share related questions that are
important, but unfortunately too many to go over. We
have compiled a list of the most asked time share questions
in order to help with your purchase. If you do not find
your question listed here please feel free to contact
the webmaster for more information.
Frequently Asked Questions
What is a time share?
A time share is a vacation property that you own for
a specific time each year.
What is the difference
in buying a resale time share and buying a “new”
developer time share week? When you purchase a time
share from the developer you will be paying for all
of the marketing that has been done to sell the time
share. Buying resale you will generally have a savings
of 40% or more.
Is it possible for
me to begin advertising my time share today, but still
use my time this year? Yes. While your time share
is being advertised, you should continue to utilize
your time. If you accept an offer or actually sell your
time share before your planned vacation, you may use
your time if you have paid the maintenance fees for
that year.
Do I need an appraisal to
sell my time share resort resale? No, absolutely
not! This is a well known scam in the time share resales
market. You own a piece of time not a physical piece
of property. Time can not be appraised! This is why
we offer a FREE Market Analysis!
Why do you advertise
for your competition? Time share owners look to
this site for information. Since we do not solicit our
business or employ sales people our site can be trusted.
We make it a point to expose as many time
share resale scams as we can. In order for our visitors
to do their homework well we make it easy for them to
compare the other companies out there and what they
offer for their fees.
Should I rent my time share?
If you are looking to offset your maintenance fees occasionally
or put potential buyers into the unit to preview it
then YES, renting your
time share is a good idea. Renting a time share
is like taking a test drive in a new car. Potential
owners just love to get into the unit before they buy
it and get a feel whether it's right for them. The owners
can then offset the maintenance fees and put a few dollars
in their pocket each year.
How do I sell or rent
my time share quickly? Exposure. Exposure. Exposure.
When Selling your time
share or renting exposure is the name of the game.
You need as much as you can get. Look for a website
like Las Vegas-Time-Share.com to make your time share
or vacation property available to as many people as
possible.
Why do I have to pay
up front to sell my time share? The simple fact
is that there are only a few people who can sell time
share and they are agents, brokers, and you. Brokers
and real estate agents are all allowed to legally charge
a commission on the sale. That's where they get paid.
Since we cannot charge a commission we charge a $100
administrative fee for one years advertising. See
Up Front Fees.
How many places should I
list my time share? Listing your time share as many
places as possible within your budget is crucial. There
can never be to much advertising, as long as your dollars
are spread out. Look at what you get for the money spent.
Can I interview the time
share seller or buyer? Of course, this is your right.
With our system you can e-mail the person directly.
Through this correspondence you can exchange phone numbers
or just communicate through e-mail.
What is a Red Week? A Blue
Week? At most timeshare resorts, some weeks are
more popular than others. Because of this, two of the
largest timeshare exchange organizations, Resort Condominiums
International (RCI) and Interval International (II),
assign color codes to certain weeks based on their popularity.
(II) Interval International color
codes:
Red: high-demand season
Yellow: intermediate season
Green: low-demand season
(RCI) Resort Condominiums International color codes:
Red: high-demand season
White: intermediate season
Blue: low-demand season
Can I Get Financing? Financing
for a time share purchase is available through developer
programs, traditional lenders, and home equity loans.
Expect a minimum down payment of 10%, and upfront charges
for taxes, title insurance and annual maintenance.
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