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Failure to pay the maintenance fee on a timeshare unit can result in late fees and penalties. Going to long without paying the maintenance fees can result in being turned over to a collection agency.

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10y ago

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Do timeshare owners get year round access to facilities?

No. Timeshare ownership means that you have a certain week of the year for your vacation and that's the time that you can have access to the facilities of your timeshare. If you own a timeshare, you can access only the unit during your assigned week or period. It is also called partial ownership which means that there are also other owners with the same unit which are assigned on other weeks. No. Timeshare owners can only access that unit for a certain period of time. The other times that he is not using it is allotted to other owners. If you purchase a timeshare, it means you only purchase a certain period of time to use that unit. Such is the phrase "timeshare week." The answer is no. Owners only have a certain period of time usually a week or two to access their units.


How can one determine the value of a timeshare?

The value of a timeshare can be determined by considering factors such as location, amenities, size of the unit, demand, and resale value. Researching recent sales of similar timeshares can also help in determining its value.


How do you delete a name from a timeshare property due to divorce?

It can depend entirely on how (in what legal form) the property is owned. Contact and ask your timeshare company, they are experienced at answering questions of this type. If the timeshare is owned conjugally by both parties, it can be a problem who should remain as an owner for that unit. To clear things out, you should hire a lawyer to do the arrangement.


What are the drawbacks to timeshare sales?

A drawback to a timeshare sales would be the extensive on-going expense of a long-term investment. Possibly scheduling of the time share unit in itself. And in this market, sales/selling could be a difficult thing, making it a risky endeavor.


Can you leave your timeshare to your children?

If not then my wife and i have a big problem as we own a timeshare at Disney World. These have a 50-year life span and we have split the points between our 2 sons. A lawyer OKed this an the sales people at Disney certainly stated this was the case. If not then my wife and i have a big problem as we own a timeshare at Disney World. These have a 50-year life span and we have split the points between our 2 sons. A lawyer OKed this an the sales people at Disney certainly stated this was the case. A legal agreement that allows you to pass your timeshare to your children should be clear out before you buy one. Some companies won't allow this this one. BUt most nowadays, include this in their timeshare packages. Yes. Most timeshare companies have these added benefits when you purchase their timeshares. It is one of the supposedly benefits of timeshare ownership that allow you to pass your timeshare unit to your heirs or children. I don't know if this is an advantage or disadvantage for the children. Timeshares can be passed on to the heirs of the owner. But this also means that the heirs will continue with the cost like the annual maintenance fees. Certainly. It is one of the common arrangements in timesharing. But in some cases, the heirs have the burden of bearing the annual and other fees.


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What is the Exact time to buy or sell the share?

You might be asking if when is the right time to sell your timeshare. Deciding on what is the best sales method for your timeshare unit is probably the most vital decision you will have to do. There are several options available to you about the actual sale of your timeshare. You simply have to do your assignment and identify how much your time and energy do you want to devote in this endeavor. Like in condo selling, looking for the right real estate broker makes all the difference. Search for real estate companies that are active in similar community as your timeshare. This is especially essential, since real estate brokers who give much attention on disposing timeshares usually have significant expertise in this field of the real estate sector. They should learn how to market your timeshare and know the kind of buyer who will be interested in buying a timeshare.


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What is a unit overview?

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