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The Trusted Leader In Vacation Ownership Transactions
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Frequently Asked Questions |
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Frequently Asked Questions What is a timeshare? A timeshare is the right to use a vacation property for a specific time period. Usually purchased in weekly increments, a timeshare can be purchased for a fraction of the cost compared to owning a vacation home. For example, the ownership rights for a beach front condominium are divided into 52 weeks, with each buyer owning a different week. All the owners have guaranteed rights to stay during their respective week, while sharing costs with the other owners. Most recently, timeshare ownerships based on a point accrual system have become very popular by affording flexibility of use time and accommodations. This means of vacationing allows for more flexibility than a fixed week and may be a better purchase for the diverse traveler. What is timesharing? Timesharing is a program in which a group of people share use of a property by dividing among themselves the rights to use the property for a specific time period. The timesharing concept is most readily recognized as a residential project such as a condominium. However, it can also apply to houseboats, campgrounds, cabins, recreational vehicles, and cruises. As there are vacation facilities to accommodate all budgets, the dream of owning a vacation property is possible for all. Timesharing also allows for vacation property ownership without the associated costs of owning a property year round. You pay only for the time you use. Your home resort may be used every year, or traded-in for thousands of other affiliated resorts worldwide. By owning a timeshare week, you enjoy luxury vacation accommodations and avoid the expense of purchasing a vacation home. Throughout America and abroad, thousands of timeshare resorts offer high quality accommodations to the discerning traveler. Most resorts feature one, two, three, and even four bedroom units with amenities including full kitchens (cookware, microwave, dishwasher, ice maker, garbage disposal, etc.), furnished living rooms, laundry facilities, walk-in closets, color TV/VCR, air-conditioning, hot tub/Jacuzzi, swimming, tennis, racquetball, golf, clubhouse/recreation room, and restaurants on site. Spacious floor plans combined with professional interior designs provide the personal environment not available in most hotel/motel rooms. Why buy a timeshare? Timeshares are the economical way to vacation FIRST CLASS. Invest NOW for a lifetime of great vacations and the opportunity to explore the world! Timesharing first surfaced in the 1960s in Superdevoluy, a ski resort in the French Alps, affording the use of individual weeks with guaranteed reservations for those who wanted to ski the area every year. This concept was an immediate success. By the 1970s, condominium projects on St. Thomas in the Virgin Islands, Puerto Rico, and Ft. Lauderdale, FL were converted to vacation ownerships. Thereafter, timesharing became an increasingly popular vacation alternative, due to the overwhelming increase in travel with purpose built structures to better satisfy the ever increasing demands of vacationers. Does owning a timeshare make ECONOMICAL sense? Absolutely! Why rent when you can own and turn rental funds into equity? Control where you go, when you go, and how long you stay by locking in tomorrow’s vacations at today’s prices. Have a direct ownership interest in your favorite vacation destination. Avoid being a victim of ever increasing construction costs and constantly increasing hotel rates. Enjoy your timeshare ownership every year with a onetime purchase price and payment of annual maintenance fees. With an increasing number of people seeking to maximize value, vacation ownership is a growing trend within the travel and tourism industry. Be a part of this trend and become an owner! Why choose the resale market for timeshares? Resale vs. Retail Timeshare resales offer the opportunity to purchase the same property offered by resort developers at a significantly lower price. Developers’ expenses for advertising and marketing are passed on to you, the buyer, when you make a direct purchase. Enjoy deep discounts of 50-70% when you purchase on the resale market. Don’t pay for the developers’ expenses! Where should I purchase? Location! Location! Location! Your purchase decision should be based on the value to your lifestyle, not on anticipated financial rewards. Whether you are “Retired”, an “Active Couple”, or a “Young Family”, there is a resort just for you. When you are ready to expand your horizons to other locations, exchanging awaits.
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