FAQ's About Buying

If you are ready to buy a timeshare and want some questions answered about the process, you've come to the right place. Timesharesolution.com was created with you in mind, so we have added this section to provide you with answers to frequently asked questions about buying a timeshare. 

What is resort timesharing? 
What is For Sale By Owner (FSBO)? 
Why purchase a resale timeshare? 
Are there different kinds of timeshare ownerships? 
What are maintenance fees? 
What is the difference between a fixed week and a floating week? 

What is resort timesharing?
Timesharing is an economical way to vacation first class and spend quality time with your loved ones! Timesharing first started in America during the mid 1970's. Since then, the idea has exploded throughout the United States and many other countries, due to the overwhelming increase in travel popularity. 

Timesharing gives owners the exclusive right to use a unit in a real estate development for a specified period of time each year. Usage privileges are generally sold in one-week allotments, whereby a unit is divided into 52 equal time slots. Owning a timeshare 'week' means you enjoy a luxury vacation home. 

Throughout America and abroad, thousands of timeshare resorts offer high quality accommodations to the discerning traveler. Most developments feature one, two, and three bedroom units - including amenities such as full service kitchens (cookware, microwave, dishwasher, ice maker, garbage disposal, etc.), furnished living room, laundry facilities, walk-in closets, color TV/VCR, fireplace, air-conditioning, hot tub/Jacuzzi, swimming, tennis, racquetball, golf, clubhouse/recreation room, restaurants on site and much, much more.

Staying in a resort timeshare can provide you with all the comforts of your own home and much more. Spacious floor plans, combined with professional interior designs can create the personal environment not available in most hotel/motel rooms. Other lodging options fail in comparison to the richness and frills offered through timeshare resorts. 

If you prefer vacationing in style, resort timesharing can grant the elegant luxuries of which you've dreamed.

What is FSBO?
FSBO, or "For Sale by Owner", is a commonly referred to term for owners who sell without the assistance of a broker. There are many advantages to both buying and selling via FSBO. 

Why purchase a resale timeshare? 
Timeshare resales offer people the opportunity to purchase the exact same product offered by resort developers at a significantly lower price. Its only limit is availability. In most cases, all the benefits offered by the resort to the initial purchaser are carried through to the resale purchaser. Sellers listing their properties with Timesharesolution.com are informed that they should price their timeshares competitively, to give the prospective buyer a reason to buy resale as opposed to buying directly from the developer. This idea will enable the seller to move their property in a more timely manner and save the purchaser hundreds or even thousands of dollars. 

Are there different kinds of timeshare ownerships? 
The primary types of timeshare ownership are Deeded Timeshare, Right-to-Use, and most recently to the industry, Points System Timeshare. 

Deeded Timeshare: you purchase an interest in real estate, receive a title, title insurance policy and a general warranty deed. As with a house, a deeded timeshare may be rented out, resold, or willed to your heirs. 

Right-to-Use: you purchase a lease that ranges from 20 to 40 years on average. The owner does not actually have an interest in real estate but still can do most of the options available to the deeded properties, but the rights are terminated at the end of the lease period. 

Points System: you purchase 'points' (real estate interest) in the resort. Vacations are utilized by exchanging points for certain units in certain time periods, both of which are flexible to the owner. Each resort sets its own value regarding the amount of points necessary for each unit size and days of usage. Points systems can be deeded or leased, depending on the resort developer. 

What are maintenance fees? 
As the owner of a timeshare unit, you will be required to pay an annual fee to the resort for such things as:
Property management  • facility maintenance • unit refurbishing • appliance and furniture replacement • telephone • power • water • insurance • resort amenities • security • garbage collection • landscaping • linens and laundry • maid service • activities 

These yearly dues are either called 'maintenance fees' or 'homeowners association dues'. 

What is the difference between a fixed week and a floating week? 
Timeshare ownership is usually designated as either a fixed week or a floating week (points systems are considered floating time). In fixed week arrangements, rights to a unit occur during a specific defined time period each year. Floating Weeks can be used at any time as defined by guidelines set forth by your resort.