|
home > time share information > buy time share
faqs
FAQS - Buy Time Share
The staff at Vacation Register
answers thousands of questions from those about to purchase resales.
These questions generally cover cost, what to expect, and a number
of other general questions related to purchasing for the first time.
Vacation Register has compiled this list of frequently asked questions
(FAQs) to be used as a buyers guide.
- I vacation the same week every year,
which type of unit should I buy
- I vacation a different week every
year, which type of unit should I buy
- Are time share accommodations
better than hotel rooms or motor lodges
- What should I look at before buying
- What is the difference between a
condo and a resort
- What are maintenance costs
- Where is the best place to buy
- I have 3 units to choose from. How
do I pick which one to buy
- Should I buy from a resales company
or a developer
- Can I sell my unit after I no longer wish to
vacation at this location
I vacation the
same every year, which type of unit should I purchase?
If you happen to be one of those people who vacation the
same time every year then perhaps you should consider a fixed week
time share at a resort.
I vacation
at a different week every year, which type of unit should I purchase?
Vacation during a different time every year? Consider floating
week or joining a vacation club like Fairfield
or Sunterra. A floating week
allows you the flexibility to select a different week each year.
Are resale
accommodations better than hotel rooms or motor lodges?
Generally, resales are more accommodating than a motel room
or motor lodge. Time share is usually located in resorts, where
amenities are everything. Larger rooms, refrigerators, hot tubs,
and game rooms are just a few of the features you will find at a
resort.
What should
I look at before the purchase?
After the initial considerations and decision to purchase,
start looking for a resort that fits your criteria. Narrow down
your resale choices by looking at our resort database. Everyone
who is a member of an exchange organization gets a catalogue each
year. It holds up to 3,500 developments throughout the world. Unfortunately
this buyers guide is not available in your local library. You must
borrow one from someone who is already an owner.
What is the difference
between a condo and a resort?
Many times you'll find that condos cost thousands less than
a resale. Time share resales sold
in off-peak seasons cost much less than condos. Also, condos often
are developed on land of inferior value, and located in a residential
surroundings, whereas time share resorts may be nestled in a lust
forest valley or along a private beach. Where would you rather be?
What are maintenance
costs?
Maintenance costs are a fee that you as an owner pay to the
resort for yearly maintenance that must be done to keep the time
share in repair. Each owner of a week will also have to make this
annual payment. Before you purchase a resale
make sure you know what the maintenance fees will be!
Where is the best
place to buy time share?
The answer to this varies greatly and to answer it properly
you must know your intentions. Are you looking for a profit on your
resale, or are you looking at this time share as an investment or
rental unit? If the answer to these questions were yes then you
should buy time share in a popular area such as California or Hawaii
or Florida. If you are simply looking for a vacation spot then buy
at a place that suits you.
I have 3 units
to choose from. How do I choose?
They all have the features you're looking for, all are in
your price range, and you can see yourself committing to at least
10 years of vacations there. If at all possible, visit the resorts.
Start getting some feedback from other owners of time share. Share
guide books and compare resources; see what they say about the resort
and the price you've been quoted.
Should I buy
time share from a resales company or a developer?
Buying time share from a resale company will save you thousands.
Remember that a resale company will typically be about 50%
less than the resort or developer.
What can I do with my time
share after I no longer wish to vacation at this location?
After you have finished with your time share you have several
options to choose from. The first option is to sell
your timeshare. The next option would be to rent
your timeshare, and the third option would to pass it down through
the generations. Consider these options thoroughly before you buy
time share share.
|
