Timeshares are a shared ownership property that allow you to prepay for vacation accommodation at a low, fixed rate so that you can plan ahead for a lifetime of fabulous vacations for you and your family. Also known as vacation ownership, the number one benefit to owning a timeshare is that families with varying budgets and incomes have a chance to make plans for annual vacations at luxury resort properties without overburdening their finances. Another added benefit to timeshare ownership is that the maintenance of timeshare properties is handled for you… no more wasting valuable vacation time repairing or fixing up your property. Sit back and relax! It is more important to enjoy time with your family and create lasting memories that you will cherish forever.
How do Real estate and Timeshares differ?
Have you begun to research information on timeshares and wonder if a timeshare investment is the better choice or are you leaning towards a real estate property of your own? To help you decide, the biggest difference between traditional real estate and timeshare ownership is that timeshare ownership is shared by multiple individuals. Traditional real estate properties generally have one, single owner. With timeshares, the multiple owners enjoy shared and equal financial interest in the property, and spends their vacation during an allocated week or weeks annually. With a traditional real estate purchase, you are the only property owner and have full access any time you want.
Maintenance Costs Vary
However, another important difference between traditional real estate and timeshares is in regards to maintenance costs. When you own a timeshare, maintenance costs for the property are divided equally among the timeshare owners so that costly repairs do not financially overwhelm you. When you have an individual property, you are solely responsible for any and all costs to maintain the property. Maintenance fees generally only cost around $20 to $50 a month and keep your timeshare unit, property grounds, landscaping and amenities in good, working condition so you can enjoy your timeshare without lifting a finger.
Now How about Timeshare Resales?
Have you heard about timeshare resales and want more information on how they differ from traditional timeshare ownership? A timeshare resale is simply when a timeshare is resold to a new owner by the current owner, as opposed to being sold directly from the resort. Timeshare resales are generally sold at reduced prices which make them a more affordable option if you are on a budget. The only reason they are discounted is that there are no added marketing fees or sales incentive costs built into the sales price, such as when timeshares are sold directly from the resort. Resale timeshares are usually priced around 20% to 50% less than similar timeshares sold directly from the resort. This is because timeshare resales sell at the fair market value of the property without those extra costs built into the price.
Timeshare Resale Scams
However, when you purchase a timeshare resale you do run a higher risk of becoming a victim of a timeshare scam. By having interactions with third parties companies other than your timeshare provider you may end up working with a fraudulent timeshare scammer inadvertently. Some fraudsters pose as legitimate timeshare companies that claim they have a resale timeshare for you to buy. In fact, they may be attempting to scam you and may not even have a timeshare to sell. To avoid becoming a victim of a timeshare resale scam, it is recommended to only invest in a timeshare directly from a legitimate timeshare provider. When you purchase a timeshare directly from a genuine timeshare provider like Garza Blanca, not only are you assured a quality product, but you also will have the confidence of knowing your investment is solid. A genuine traditional timeshare saves you money now so you can plan ahead for a lifetime of memorable vacations.
Use a Title Company
Serious about purchasing a timeshare or timeshare resale? Make sure you use a licensed and bonded timeshare title company to handle the timeshare purchase process and all related paperwork. Professionals in the industry, a title company will walk you through each step of the purchase process and oversee the deed preparation, escrow of funds, timeshare estoppel certificate, closing statements and recording fees for one cost. A licensed attorney reviews the final title work and ensures that all paperwork is legal and in order.
Ready to purchase a timeshare or a timeshare resale? Seize the moment and take control of your financial future now!