Timeshare Buyers FAQ’s
Timeshare Sellers FAQ’s

How Much Should I Pay For My Timeshare?
This tends to be a very difficult question, as Timeshare prices vary considerably depending on location, size, season and amenities. The answer to this question ultimately depends on you and your typical vacation spending habits. If you look below you will find a simple equation that will help you determine the price that you should spend on your new vacation property. All you need to do is plug in is the number of nights per year, the average amount you spend on a hotel per night and how many more years you plan on traveling.
Example:

• 7 nights per year
• $75 dollars per night
• 20 years
• 10 percent inflation per year
• $30,071
If your traveling happens to resemble the example above, any property that cost under $30,000 would be a good deal. Now, if the resort happens to offer anything above your regular hotel accommodations (multiple bedrooms, extra amenities, indoor pools, waterslides, a golf package, etc.) then you’ve found a bargain.
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What is the difference between weeks and their flexibility?
If you own a fixed week then your usage is always on a specific week every year. A week number will designate your particular week. There are 52 weeks in a year, so your week will be 1-52. What owners enjoy about fixed weeks is that they never change. This is dissimilar to floating weeks where you are not guaranteed to have that particular week each year. Floating weeks are different than flex weeks in that they are usually available all year and the owner can decide which week to use (some weeks are not available however). It is recommended that for peak season weeks in highly coveted areas owners reserve that time up to a year in advance. With flex weeks there is generally a season of the calendar year that your week is available. Having a flex week requires owners to reserve their time within that flex period in advance to assure that their unit is available for the desired week.
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What is the purpose of maintenance fees?
After a timeshare is purchased the owner then has to satisfy a maintenance fee. Maintenance fees are most often paid annually, but that may vary by usage type. The purpose of the fee is to provide the owner's unit with the proper upkeep. This fee also is somewhat of a security deposit in case the unit sustains damage during use. Keep in mind that the actual amount of the maintenance fee will vary from resort to resort.
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What are Points?
The points system (sometimes referred to as credits) is a relatively new form of timeshare ownership. This system allows the owner to purchase points to be used for travel during specific seasons of the year. The more points purchased, the more flexibility offered when wishing to travel during high season. Likewise, more points may mean a larger unit or more desirable resort. Another advantage to the point system is that it provides you with the flexibility to use a certain number of your points towards a one-night stay or up to the maximum number of weeks purchased. Flexibility is a major advantage to the point system, although everything is based upon availability. Timeshare points are available on the timeshare resale market.
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What is the difference between a Five-Star resort and a Gold Crown resort?
A Five-Star resort is the most desirable rating for a resort in the Interval International (II) system. A Gold Crown resort is the most desirable rating for a resort in the Resort Condominiums International (RCI) system.
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Will I have to pay any outstanding maintenance fees in addition to the purchase price?
NO! Every sale is processed through an escrow company and is guaranteed to be free of outstanding balances. The only additional purchase expense will be escrow closing costs.
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What does lockout mean?
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.
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How do I exchange my week?
There are several timeshare exchange companies. Resort Condominiums International (RCI) and Interval International (II) are the two largest and most popular. All you need to do is reserve your week at your home resort and submit a request for an exchange to your desired resort. Your exchange may be confirmed immediately or it may take time. The exchange company does not have to find someone to use your week before they will give you an exchange. It is very important to put your request in and deposit your week as soon as possible. This has two advantages, the sooner you deposit the more time you have to get your week confirmed, but additionally, the longer your week is deposited the more trade power or value it has. So, if you know you aren’t going to your home resort but aren’t sure where you do want to go, it’s best to deposit your week, make a few requests and just let it gain power until you decide for certain. Ther rules are a little different from one exchange company to the next but the basic function is the same. Each trading company also has a fee for exchanging your week. These fees vary depending on where you are going and with which company you are a member. Do I have to pay my maintenance fees before selling timeshare, or can they be deducted from escrow? Yes, you will need to pay your maintenance fees up to date and in full prior to selling or renting your timeshare.
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Do I Need To Continue Paying My Maintenance Fees If I Plan On Selling My Timeshare?
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Can timeshare sellers market their property with more than one company?
Yes, we do not have any exclusive agreements with our sellers. As a matter of fact we guarantee that if you or any other company locates a buyer for your property within 20% of your asking price with TRA, we will refund 100% of your marketing fee upon the proof of sale.
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Can I continue to use my unit until it is sold?
Yes, you still have full usage of the property and the unit until the name on the deed has been transferred over to the new owner.
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How long will it take for my timeshare to sell?
TRA anticipates that your timeshare will sell within 60-90 days. If for some reason it does not sell within that period of time TRA promises to market your property at the companies’ expense until it does sell.
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What extra fees are involved with selling my Timeshare?
None! We promise that there will be No Commissions, No Closing Costs, No Appraisal Fees and No Hidden Fees.
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Do I need to continue paying my maintenance fees if I plan on selling my Timeshare?
Yes, you will need to pay your maintenance fees up to date and in full prior to selling or renting your timeshare.
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