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FAQS - Buy Time Share

The staff at Vacation Register answers thousands of questions from those about to purchase resales. These questions generally cover cost, what to expect, and a number of other general questions related to purchasing for the first time. Vacation Register has compiled this list of frequently asked questions (FAQs) to be used as a buyers guide.

1. I vacation the same week every year, which type of unit should I buy
2. I vacation a different week every year, which type of unit should I buy
3. Are time share accommodations better than hotel rooms or motor lodges
4. What should I look at before buying
5. What is the difference between a condo and a resort
6. What are maintenance costs
7. Where is the best place to buy
8. I have 3 units to choose from. How do I pick which one to buy
9. Should I buy from a resales company or a developer
10. Can I sell my unit after I no longer wish to vacation at this location

I vacation the same every year, which type of unit should I purchase?
If you happen to be one of those people who vacation the same time every year then perhaps you should consider a fixed week time share at a resort.

I vacation at a different week every year, which type of unit should I purchase?
Vacation during a different time every year? Consider floating week or joining a vacation club like Fairfield or Sunterra. A floating week allows you the flexibility to select a different week each year.

Are resale accommodations better than hotel rooms or motor lodges?
Generally, resales are more accommodating than a motel room or motor lodge. Time share is usually located in resorts, where amenities are everything. Larger rooms, refrigerators, hot tubs, and game rooms are just a few of the features you will find at a resort.

What is the difference between a condo and a resort?
Many times you'll find that condos cost thousands less than a resale. Time share resales sold in off-peak seasons cost much less than condos. Also, condos often are developed on land of inferior value, and located in a residential surroundings, whereas time share resorts may be nestled in a lust forest valley or along a private beach. Where would you rather be?

What are maintenance costs?
Maintenance costs are a fee that you as an owner pay to the resort for yearly maintenance that must be done to keep the time share in repair. Each owner of a week will also have to make this annual payment. Before you purchase a resale make sure you know what the maintenance fees will be!

Where is the best place to buy time share?
The answer to this varies greatly and to answer it properly you must know your intentions. Are you looking for a profit on your resale, or are you looking at this time share as an investment or rental unit? If the answer to these questions were yes then you should buy time share in a popular area such as California or Hawaii or Florida. If you are simply looking for a vacation spot then buy at a place that suits you.

I have 3 units to choose from. How do I choose?
They all have the features you're looking for, all are in your price range, and you can see yourself committing to at least 10 years of vacations there. If at all possible, visit the resorts. Start getting some feedback from other owners of time share. Share guide books and compare resources; see what they say about the resort and the price you've been quoted.

Should I buy time share from a resales company or a developer?
Buying time share from a resale company will save you thousands. Remember that a resale company will typically be about 50% less than the resort or developer.

What can I do with my time share after I no longer wish to vacation at this location?
After you have finished with your time share you have several options to choose from. The first option is to sell your timeshare. The next option would be to rent your timeshare, and the third option would to pass it down through the generations. Consider these options thoroughly before you buy time share share.

More time share resources:

Sellers FAQs
Renters FAQ