Timeshare Resales - Century 21 at Tahoe Paradise Timeshare Resales Division

Contact Number: - 1(775)230-1422

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Glossary of Timeshare Terms / Timeshare Resales Frequently Asked Questions (FAQ) and Answers
 
Types of Ownership:
  Deeded, an undivided interest    This is when you have a grant deed on your timeshare property. Ownership is in perpetuity. Similar to common ownership in a house.
  Deed with Points The deeded section is the same as above, except that you can convert upon exchange or at your resort to utilize points.
  Deed Fractional Ownership Where an owner owns more than one week. Usually fractional are sold for one month of Ownership up to 13 weeks of ownership.
  Points Only No deed attached, You own a specified amount of points, which can be transferred upon sale. However, usually the points are for a period of time.
  Right to Use A membership in a resort a specified period of time. Time will expire.
Types of Use:
  Floating A period of time where you can use your timeshare week/ points/ etc throughout the year.
  Fixed a specified period of time: Example week 52 You can only use your week at that time.
  Floating/Fixed You may own a fixed week like week 52, however If you choose not to, you may choose another week of the year.
  Points You may use your points for day stays or week Stays. You may choose the size of unit depending on your points.
Types of Seasons:
  All You may choose any week of the year.
  Winter You may only choose a week in the winter season.
  Summer You may only choose a week in the summer season.
  Spring/Fall You may only choose a week in the Spring and Fall Season.
  Holidays You may only have the option of a holiday week. May be fixed.
Additional Terms:
  RCI Resort Condominiums International - An exchange company that the resort is affiliated with.
  II Interval International - An exchange company that the resort is affiliated with.
  Gold Crown A rating that RCI, the exchange company gives a resort. The highest rating a resort can achieve.
  Five Star A rating that Interval International uses to rate a resort. The highest rating a resort can achieve.
  RID Resort of International Distinction - A rating for a non Gold crown resort.
 

Timeshare Resales Frequently Asked Questions (FAQ) and Answers

Question:

Why should I purchase a timeshare and how does it work?

Answer:

Purchasing a timeshare can divert otherwise lost vacation dollars into a piece of vacation real estate serving your vacation needs for the rest of your life. Timeshare weeks can be reserved at your home resort or can be traded into other resorts through an exchange company for world wide travel.

Benefits to Owning a Timeshare

  1. You will have guarantee quality future resort vacations for yourself and others in your family.

  2. You will build your own equity rather than that of your vacation landlord AND be enjoying some of the finest vacation accommodations available.

  3. You will have beaten vacation inflation, which means you SAVE MONEY! You will have the privilege of using Bonus Time at your resort, so you can enjoy mini-vacations in addition to the timeshare week(s) you own.

Question:

How long do I get to stay?

Answer:

Timeshare or vacation ownership has a variety of different options, from deeded ownership, quarter shares, points program, and right to use membership.

Question:

Can I use the resort at other times in addition to my week usage?

Answer:

YES. Most resorts offer day use and additional time to owners at a reduced rate; this benefit is most commonly known as bonus time.

Question:

Will I receive all major benefits that the resorts are offering?

Answer:

YES. All major benefits transfer to you when you purchase a resale timeshare. The property's Homeowners Association benefits and rules apply to all owners regardless of how the property was acquired.

Question:

Will I have to pay any outstanding maintenance fees in addition to the purchase price?

Answer:

NO. Every sale is processed through a title and escrow company.

Question:

Will I receive clear title on the property?

Answer:

YES. Every sale is processed through a title and escrow company.

Question:

Do I have to pay a maintenance fee on my timeshare?

Question:

YES. A timeshare property’s Homeowner’s Association collects an annual maintenance fee from the timeshare owners to keep the property in quality condition. As an owner you can actively participate in your Homeowner’s Association.

More Questions? Contact Us

 
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Century 21 at Tahoe Paradise Realty - Real Estate Division
Timeshare Resales - Century 21 at Tahoe Paradise Timeshare Resales Division Century 21 at Tahoe Paradise Realty - Real Estate Division