Q: What is a timeshare?
A: Vacation property ownership without the cost of owning a property year round, you pay only for the time you use.
You may use your home resort every year or trade to thousands of other affiliated resorts worldwide.
Q: What is a fixed week?
A: A set time that can be used annually
Q: What is a floating week?
A: Vacation time that can be used any time of the year based upon availability.
Q: What is a banked week?
A: A week of timeshare deposited in one of the many exchange companies to be saved or banked for use at a later time.
Q: What is exchanging?
A: The act of trading vacation time with other timeshare owners for a onetime use.
Q: What are Interval International (II) and Resort Condominium International (RCI)?
A: The two largest exchange companies. They are responsible for 98% of all exchanges.
Q: Can I use my timeshare while it's listed for sale or rent?
A: As long as you haven't accepted an offer. You can continue to use your property unless you would like the
property available for a potential buyer.
Q: Do I need a Real Estate broker to sell my timeshare?
A: A: No, but most brokers charge an appraisal fee and take 20% to 40% commission of the sale.
This leaves the seller very disappointed. The real problem is that they don't actually advertise or expose your
property to anyone. A buyer must call them to inquire about purchasing and the broker usually will sell the
property that they are getting the highest commission on. This only serves their interests. When a buyer contacts
us, they are able to search our entire inventory complete with asking price on our website. This allows the
buyer to shop for the best deal without any commission or pressure sales tactics.
Q: What is deeded property?
A: A property that is owned for life and may be willed to someone.
Q: What is leased property?
A: A property that you own for a pre-determined number of years.
Q: What are maintenance fees?
A: An annual fee paid to maintain and improve the property.
Q: What is a point system?
A: Points are offered annually and can be redeemed for daily stays, weekend getaways, full week
stays or other products. Additional points can be purchased but usage varies from resort to resort.
Q: What does the color of a week mean?
A: A color system used for rating the desirability of a timeshare week. Red is considered the
most desirable followed by white and yellow. Blue and green are considered off-season.
Q: What is a bi-annual timeshare?
A: A property that can be used every other year.
Q: What is a Five-Star resort?
A: The top rating given to a resort in the Interval International system.
Q: What is a Gold Crown resort?
A: The top rating given to a resort in the Resort Condominium International system.
Q: What does lockout mean?
A: A timeshare that is divided into two separate living spaces with two separate entrances. A
lockout will usually exchange one week for two weeks in a smaller unit.
Q: Will my resort resell my property?
A: Most resorts don't even offer a resale program. If they have new units to sell they will
focus on them because they make a much higher profit.
Q: Do I need an appraisal to sell or rent my property?
A: You do not have to have an appraisal to sell and Timeshares Quick Sale does not require it.
In most states it is strictly against the law. Your property was not appraised when you bought it, the resort did
not have it appraised for you.
Q: Who handles the closing?
A: The title company handles the closing process from start to finish and they guarantee a free
and clear title.
Q: What are up front fees?
A: Up front is what you pay when you buy timeshare property. You are paying up front for your
future vacations at a reduced cost.
Q: What are points?
A: Points are timeshare ownership offered to interval owners by resorts that allows the owner's
choice and control over when and where they vacation or for how long or short they stay. Points are a symbolic
unit of measure having no intrinsic value separate and apart from interval ownership.
