Why Buy A Timeshare?
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Transcript of Why Buy A Timeshare?
- 1. Why Buy A Timeshare?
- 2. The security of other Timeshare owners at your resort.
- 3. Many resorts to choose from with the exchange program world wide .
- 4. Lock in your timeshare vacation accommodations.
- 5. For example: If you purchase a timeshare today at$5,500.00, use it 10 years and sell it at the same price you paid for it originally...you end up with equity.
- 6. In contrast: if you rented a hotel room you would haveuseless receipts. As with most deeded resorts you can rent it , sell it , lend it , exchange it or present it as a gift of precious memories for that special event in your life... honeymoons, anniversaries, family reunions.
- 7. Time share makes sense.
- 8. Time share vacations are diverse.... from a log cabin nexttoski.jpg (15090 bytes) a trout stream to an exotic tropical paradise in the South Pacific to the exciting ski slopes of The Rockies, you can be assured that your accommodations are first class .
- 9. You dont have to be a millionaire to enjoy luxury vacations. You also get many benefits when you are atimeshare owner, travel agents ,discount air fares ,bonusweeks you can even gift these to your business associates and loved ones for that vacation of a lifetime .
- 10. Are you interested in Vacation Resort Ownership?
- 11. Here is some basic information you will need to know before you buy a timeshare :
- 12. When you buy from an owner there is a TITLE companythat will guarantee clear title for you. When you buy from an owner you pay far less than you would if you bought from a DEVELOPER or a BROKER .WHY? you areeliminating the middleman when you buy directly from a timeshare owner.
- 13. Types of Time-share Ownership:
- 14. Deeded: You will have a recorded "Deed" with this type of ownership. Your period of ownership is forever.
- 15. Right-to-Use: This type of ownership is for a set amount of time. After the agreed time of ownership expires, ownership converts back to the Grantor. During your ownership, you can convey your ownership to another party.
- 16. Membership: This is not an ownership, it is a "Membership". You pay a large sum of money to buy into the membership plus there are annual membership fees. Be very cautious of this type of Time share. Usually thelanguage in the membership agreement states: if you miss one of the annual payments, your membership will terminate. Some of these memberships can be transferred, some can not.
- 17. NOTE: Some Resorts also offer bi-annual ownership. (check your paperwork)
- 18. Periods of Time-share Ownership:
- 19. Usually your time share period (check-in date) isnumbered from 1-52. Week "1" starting in the first week of the year. Week "52" being the last week of the year.
- 20. "Floating/ Flex" periods. Which can be divided intoSeasons (Blue Floating/Flex) (White Floating/Flex) (Red Floating/Flex). If your ownership is for a Floating/Flexperiod, you can check-in on different dates according to your ownership.
- 21. Blue Season (Good): Also known as "off season". Thiswould be the time of year which the Resort and location is of the least demand. If you own a "Blue Floating/Flex" period, you will only be allowed to check in during these "off season" dates. If you are planning to buy a "off season" week, plan on getting it for a cheap price.
- 22. White Season (Better): Also known as "mid season". Thiswould be the time of year which is between "Off Season" and "Peak Season". The time of year right before the"Peak Season" starts and right after the "Peak Season" isover. If you own a "White Floating/Flex" period, you areallowed to check-in during the "mid season" and the "offseason" dates. If you are planning to buy a "mid season" week, plan on getting it for a reasonable price.
- 23. Red Season (Best): Also known as "high/peak season". This is the time of the year everyone wants to be at theresort (highest demand). If you own a "Red Floating/Flex" period, you can check-in any time of the year. If you are planning to buy a "peak season" week, plan on paying a pretty penny for it.
- 24. NOTE: Interval International (an exchange company fortimeshare) rates Blue as Green, White as Yellow and Red as Red.
- 25. Size of Time-share Ownership:
- 26. Studio: A small unit, usually similar to a hotel room. Sleeps two, sometimes four.
- 27. One Bedroom: Similar to a small apartment: a living roomarea, kitchen area, with a private bedroom. Usually sleeps four (two in the bedroom and two on a pull-out sleeper sofa in the living room area).
- 28. Two Bedroom: Usually sleeps six (two in one bedroom, two in the other bedroom and two on a pull-out sleepersofa in the living room area). Some two bedroom units can sleep eight, if it has a loft.
- 29. Lock-Out: These units vary in size, usually divided into two separate apartments. Each with its own living room andkitchen areas. If you own a Lock-Out unit, you can use one and exchange or rent the other. These units can be big enough to sleep eight to twelve people.
- 30. Obviously a Deeded two bedroom unit during "Peak Season" would cost a lot more than a Studio unit during "Off Season". Of course, there are other factors to thevalue of a timeshare unit, but this is the basic frame work of timeshare value.
- 31. Cos