Frequently Asked Questions
What is Vacation Ownership?
Vacation ownership offers consumers the opportunity to purchase fully
furnished vacation accommodations sold in weekly intervals for only a
percentage of the cost of full ownership. For a one-time purchase price
purchasers will receive a warranty deed and they will own their vacation
forever; having all the rights and privileges of deeded ownership.
How Does Vacation Ownership Work?
Each condominium, or unit, of a vacation ownership resort is divided into
intervals, either by the week or points equivalent, which are sold separately.
The condominiums are priced according to a variety of factors, including
size of the unit, resort amenities, location, and season.
What Are The Advantages of Vacation Ownership?
Unlike a hotel room or rental cottage, which require payment for each
use with rates that usually increase each year, ownership at a timeshare
property enables vacationers to enjoy a resort, year after year, for the
lifetime of their ownership with only a one-time purchase price and payment
of yearly maintenance fees. Timeshare ownership offers vacationers an
opportunity to save on the escalating cost of vacation accommodations
over the long term while enjoying all the comforts of home in a resort
setting.
Truly a home away from home, vacation ownership provides the space and
flexibility to suit the needs of any size family or group. While most
vacation ownership condominiums have two bedrooms and two baths, unit
sizes range from studios to three or more bedrooms. Unlike hotel rooms,
there are no charges for additional guests. Also, unlike hotels, most
units include a fully equipped kitchen with dining area, washer and dryer,
linens, stereo, televisions, VCRs and more. Timeshare resort amenities
rival those of other top rated resort properties and may include swimming
pools, tennis, Jacuzzi, golf, bicycles and exercise facilities. |