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FAQ's

Definition of A Resort Property

Resort Property is also called timeshare, vacation property, interval ownership, vacation club membership or even a variety of other names. Resort Property, most typically, is an apartment-like unit, the idea is to have a home on vacation. Instead of staying in a hotel room on vacation, a resort property owner will stay in his own accommodations. The resort property is laid out like an apartment of comparable size (i.e. studio efficiency, one bedroom, two bedroom, and so on). The Resort Developer or subsequent Management usually stocks the kitchens with dishes and pots and pans so that the owner can purchase groceries and have some meals comfortably in their room. Most resort properties far exceed the quality of the typical hotel room in terms of both accommodations and amenities.

What is vacation ownership?

Vacation ownership also known as timesharing offers consumers the opportunity to purchase fully furnished condominium style vacation accommodations in a variety of forms such as fixed weeks, floating weeks, points based clubs, fractionals and cruises for only a percentage of the cost of full condominium or vacation home ownership. Two basic types of timeshare units are sold: fee simple where the buyer gets title to a fraction of the unit; and right-to-use where the purchaser is entitled to use the unit for a specified period of time, but does not have an ownership interest. For a one-time purchase price and payment of a yearly maintenance fees and taxes, purchasers own their vacation either in perpetuity or for a predetermined number of years. More than 5 million families have discovered the benefits and affordability of buying one or two weeks of vacation ownership rather than year-round ownership of a condominium unit or second home.

What does it mean to own a Resort Property?

Resort property ownership is a right to use a particular piece of a resort developers real property under particular circumstanceswhich varies depending on what you purchase. In its most basic format, a resort property owner has the right to use a particular and assigned apartment-like unit during a particular and assigned period of time (usually called a week).

Who Is the Resort Developer

The Resort Developer owns the underlying real property that operates as a timeshare. The Resort Developer develops the plan for the resort property, which typically must be approved by Goverment regulators. Once established, the Resort Developer maintains a staff of sales agents to sell the right to use or resort property. If you purchase at or from the Resort, you are purchasing your timeshare on the primary market.

Where are most vacation ownership resorts located?

Vacation ownership resorts are found across the globe in most every popular vacation destination. You'll find vacation ownership resorts near beaches, ski areas, attraction areas, major cities, rivers and lakes.

How does vacation ownership work?

Each condominium, or unit, of a vacation ownership resort is divided into intervals, either by the week or points equivalent, which are sold separately. The condominiums are priced according to a variety of factors, including size of the unit, resort amenities, location, and season. For a one-time purchase price and payment of yearly maintenance fees and taxes, purchasers own their vacation either in perpetuity (Deeded) or for a predetermined number of years (Right to Use). Ownership entitles you to a certain amount of time in that property per year. Owners share both the use and the costs of upkeep of their unit and the common grounds of the resort property.

What are the advantages to becoming a vacation owner?

The advantages are numerous. Vacation ownership secures affordable, diverse quality vacations for life. Simply put, vacation ownership provides tomorrow's vacations at today's prices. But there's more. Typically your vacation ownership accommodations far exceed your typical hotel room. Luxury rooms, kitchens, multiple bedrooms and baths, they're really a home away from home.
How many people are vacation owners?
It is estimated that more than 5 million families have discovered the benefits and affordability of buying one or two weeks of vacation ownership rather than year-round ownership of a condominium unit or second home.
What are some of the most common vacation options?
Whole ownership of a vacation home or condominium... Pay rent to hotels & motels... Rent or purchase a motor home...Or, Vacation ownership where you receive all of the same benefits of condominium or vacation home ownership at a fraction of the price because you only purchase the time that you need.

If I purchase, when will I receive my deed?

After the deed is recorded at the county courthouse. It is then sent to you along with your title policy. With most sales the usual time frame is approximately ninety days. There are exceptions to this as some counties take longer to process.

Can I ever sell my vacation ownership?

Yes. Once you are the legal owner of a vacation ownership week, you may sell it at any time. -

Is There a Secondary Market?

Yes! Some people that purchase timeshare from the resort, for whatever reason, no longer wish to own. In the alternative, some people will want to rent their week, rather than lose the right to use it entirely. When the individual timeshare owner sells or rents his timeshare, the transaction is said to occur on the Secondary Market.

How does an Individual Timeshare owner sell or rent his property on the Secondary Market?

As you know by now, timeshare ownership, although usually represented by warranty deed in real property, is hardly a typical real estate entity! It functions according to unique rules that average real estate brokers or advertising companies simply arent equipped to manage. Thats why you need to be working with a Resort Vacation Services Company like Timeshare Associates! Advertising your resort property is essential to getting it sold/rented--but that is only the start!!!

For instance, your resort property has to be advertised where theres a reasonable opportunity for potential buyers and renters to see and utilize it! So Timeshare Associates offers discounts on airfares and rental carsbecause it affords the opportunity to show vacationers that there is a better option than the typical hotel room. We also support a travel agency membership program that provides agents with regular weekly rental inventory based upon the agencies requests. (Remember, getting a renter is often the first step to getting a buyer). We have an entire department that works on developing a cooperative relationship with Resorts so that it will be easier for our advertisers to sell/rent their vacation properties. Our mission is to make resort vacationing easy and affordable for everyone! If you are not using and enjoying your resort property, please allow Timeshare Associates to help you find someone who will

Does Timeshare Associates charge an upfront fee for Advertising?

Yes. It is generally accepted in the industry that an initial marketing expense is required in order to move a resort property. Its that simple. Thats how the resort developer sells property and its no different for you. The good news is advertising on the secondary market is not nearly as expensive as it is on the primary market. For example, did you know that 30 to 50 percent of the cost of the resort property sold by the developer covers its massive initial marketing expenses? (You didn't think those free or discounted attraction tickets were) The resort spends this money up front because no one goes on vacation thinking, Im going to buy a timeshare!!!

To some extent, youve got the same obstacles to overcome. You need to spend money on the marketing and the marketing has to be creative enough to expose the benefits of owning a resort propertywhen no one thinks they want to own one.

Thats why it is SO IMPORTANT that you are working with a Resort Vacation Services Company. You need the help of professional people that understand the entirely unique environment of the Resort Industry! Timeshare Associates offers all kinds of programs and strategies to help you move your property on the secondary market. We know what we are doing.

Shouldn't I use a real estate broker to sell my resort Property?

Typically, real estate brokers are not the answer. Most broker works on a local market, with local inventory, with local buyers and sellers. Resort Property has to be marketed internationallyand it does require immediate capital. In addition, real estate brokers do not usually have access to the property as a selling tool, a clear disadvantage for the broker. Finally, commissions on resort properties are much less than what a broker might receive on the sale of a typical residential or commercial property.

If you want success moving your timeshare on the secondary market, you need to be working with a Resort Vacation Services company like Timeshare Associates Our program is based upon years of thoughtful study of the resort industry. We know what were doing. You can finally have success on the secondary market!

You have finally found a company that cares!