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BUYING A TIMESHARE

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CAPITAL REAL ESTATE ADVISORY GROUP LLC is here for you when you’re ready to buy a timeshare. Browse listings from the very best vacation destinations, including Disney, Hilton, Hyatt, Marriott and many more. If you’re seeking the perfect timeshare to buy, we can help.

Our experts ensure a pleasant purchase process, from initial bid to close. With over 20 years in the vacation property industry, we have earned a strong reputation for unparalleled customer service and excellence. Several of the largest vacation brands depend directly on CAPITAL REAL ESTATE ADVISORY GROUP LLC as their preferred broker. When you’re ready to buy a property, trust the experts at CAPITAL REAL ESTATE ADVISORY GROUP LLC.



WHAT CAN I EXPECT WHEN BUYING

What is a timeshare?

Timeshare as a term is used to describe a method of use or shared ownership of vacation real estate where purchasers acquire a period of time (measured in weeks) in a condominium, apartment or other type of vacation accommodation. Timeshare is also known as vacation ownership, or fractional ownership.

How do they work?

In the simplest terms… Owning a timeshare is like owning a "piece" of a resort or unit, for use every year. However, there are many different ways a timeshare works, down to the usage type, frequency, length of contract, add ons, and amenities granted.

  • Fixed weeks

    With Fixed Week programs, an owner is given the ability to vacation during the same week and the same unit every year. In theory, a resort could sell a single unit to 52 different owners, given that there are 52 weeks in a year.
    Commonly, the resort assigns every week a number, beginning with Week One in January. Every few years, a Week 53 will appear on a timeshare calendar. When this happens, Week 52 owners are able to add this time to their ownership, given that they pay the maintenance fees for it. For this extra time, Week 52 is a highly popular week to own.

  • Maintenance costs

    Like most possessions, whether it’s a home, a car, and even a timeshare, it must be maintained. Timeshare maintenance fees are due annually and include the maintenance of the resort, employee wages, and emergency funds. Timeshare maintenance fees uphold the excellent amenities that owners love about their resort, and so they are really important.
    Before buying a timeshare, take into consideration the maintenance fees that are also due every year, especially if you will also be financing your purchase. The average maintenance fees were $1000 in 2019, which is a 2% increase since 2017.

  • Floating week

    Floating weeks give owners more flexibility when they vacation. Depending on the brand, a floating week may be available to use at any given time of the year, the unit is subject to resort availability.

  • Points

    Points-based ownership is very common in the timeshare world. Owners can use their annual allotment of points as currency, using them for trade in at other resorts within their brands portfolio, and choosing when they vacation.

    Points can offer the ultimate flexibility and convenience for all different travelers.

  • Biennial ownership

    For vacationers that may not want to take a vacation every year, biennial ownership is every other year usage. With biennial usage, you may own on even or odd year.

  • Right to use ownership

    A right to use timeshare is a contract in which the owner has full use of the ownership for an allotted number of years. Right to use contracts can vary in length anywhere from 20 years to 99 years, depending on the resort or developer.

  • Exchange programs

    Most brands are affiliated with a vacation exchange network such as RCI or Interval International (II).
    These trading platforms allow owners to trade their points or weeks for thousands of other resorts and destinations.


The Timeshare Closing Process

Your CAPITAL REAL ESTATE ADVISORY GROUP LLC agent can recommend a licensed title company to assist in the final steps of the closing process with timeshare closing services. The title company is responsible for holding your funds in escrow and sending all closing documents to the appropriate parties. They will also record the sale with the appropriate county records offices, notify the resort and/ or, transfer ownership to your name and then disperse all funds to the seller.
We must make sure that both the property and ownership legally holds. Running a title verification is a must during the early purchase stages, ensuring the seller owns what they say they own and that the description is accurate.
Fidelity does not receive any payment directly from the buyer or seller. With a trusted title company, all funds and escrow monies are protected and secured.
All closing documents have to be carefully reviewed by both the buyer and seller, checking for even the tiniest mistake. A simple typo could set back an agreement and cause the title company to have to redraft most of the paperwork.

Both buyer and seller must sign and return the documents. One thing that can add time to timeshare closings is the speed at which both parties submit paperwork on their respective ends of the deal.
Once the title is transferred to the new owners’ name, you are no longer the owner of your timeshare. We will further ensure with your resort to confirm ownership transfer was successful, and neither party will have future issues.