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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?
- What is the difference in buying a resale time share and buying a new developer time share week?
- Is it possible for me to begin advertising my time share today, but still use my time this year?
- Do I need an appraisal to sell my time share resort resale?
- Why do you advertise for your competition?
- Should I rent my time share?
- How do I sell or rent my time share quickly?
- Why do I have to pay up front to sell my time share?
- How many places should I list my time share?
- Can I interview the time share seller or buyer?
- What is a Red Week? A Blue Week?
- Can I Get Financing?
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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