What is vacation ownership?
Vacation ownership also known as timesharing offers consumers the opportunity to purchase fully furnished condominium style vacation accommodations in a variety of forms such as fixed weeks, floating weeks, points based clubs, fractionals and cruises for only a percentage of the cost of full condominium or vacation home ownership. Two basic types of timeshare units are sold: fee simple where the buyer gets title to a fraction of the unit; and right-to-use where the purchaser is entitled to use the unit for a specified period of time, but does not have an ownership interest. For a one-time purchase price and payment of a yearly maintenance fees and taxes, purchasers own their vacation either in perpetuity or for a predetermined number of years. More than 5 million families have discovered the benefits and affordability of buying one or two weeks of vacation ownership rather than year-round ownership of a condominium unit or second home.
Where are most vacation ownership resorts located?
Vacation ownership resorts are found across the globe in most every popular vacation destination. You'll find vacation ownership resorts near beaches, ski areas, attraction areas, major cities, rivers and lakes.
How does vacation ownership work?
Each condominium, or unit, of a vacation ownership resort is divided into intervals, either by the week or points equivalent, which are sold separately. The condominiums are priced according to a variety of factors, including size of the unit, resort amenities, location, and season. For a one-time purchase price and payment of yearly maintenance fees and taxes, purchasers own their vacation either in perpetuity (Deeded) or for a predetermined number of years (Right to Use). Ownership entitles you to a certain amount of time in that property per year. Owners share both the use and the costs of upkeep of their unit and the common grounds of the resort property.
What are the advantages to becoming a vacation owner?
The advantages are numerous. Vacation ownership secures affordable, diverse quality vacations for life. Simply put, vacation ownership provides tomorrow's vacations at today's prices. But there's more. Typically your vacation ownership accommodations far exceed your typical hotel room. Luxury rooms, kitchens, multiple bedrooms and baths, they're really a home away from home.
How many people are vacation owners?
It is estimated that more than 5 million families have discovered the benefits and affordability of buying one or two weeks of vacation ownership rather than year-round ownership of a condominium unit or second home.
What are some of the most common vacation options?
Whole ownership of a vacation home or condominium... Pay rent to hotels & motels... Rent or purchase a motor home...Or, Vacation ownership where you receive all of the same benefits of condominium or vacation home ownership at a fraction of the price because you only purchase the time that you need.
If I purchase, when will I receive my deed?
After the deed is recorded at the county courthouse. It is then sent to you along with your title policy. With most sales the usual time frame is approximately ninety days. There are exceptions to this as some counties take longer to process.
Can I ever sell my vacation ownership?
Yes. Once you are the legal owner of a vacation ownership week, you may sell it at any time.
Vacation ownership also known as timesharing offers consumers the opportunity to purchase fully furnished condominium style vacation accommodations in a variety of forms such as fixed weeks, floating weeks, points based clubs, fractionals and cruises for only a percentage of the cost of full condominium or vacation home ownership. Two basic types of timeshare units are sold: fee simple where the buyer gets title to a fraction of the unit; and right-to-use where the purchaser is entitled to use the unit for a specified period of time, but does not have an ownership interest. For a one-time purchase price and payment of a yearly maintenance fees and taxes, purchasers own their vacation either in perpetuity or for a predetermined number of years. More than 5 million families have discovered the benefits and affordability of buying one or two weeks of vacation ownership rather than year-round ownership of a condominium unit or second home.
Where are most vacation ownership resorts located?
Vacation ownership resorts are found across the globe in most every popular vacation destination. You'll find vacation ownership resorts near beaches, ski areas, attraction areas, major cities, rivers and lakes.
How does vacation ownership work?
Each condominium, or unit, of a vacation ownership resort is divided into intervals, either by the week or points equivalent, which are sold separately. The condominiums are priced according to a variety of factors, including size of the unit, resort amenities, location, and season. For a one-time purchase price and payment of yearly maintenance fees and taxes, purchasers own their vacation either in perpetuity (Deeded) or for a predetermined number of years (Right to Use). Ownership entitles you to a certain amount of time in that property per year. Owners share both the use and the costs of upkeep of their unit and the common grounds of the resort property.
What are the advantages to becoming a vacation owner?
The advantages are numerous. Vacation ownership secures affordable, diverse quality vacations for life. Simply put, vacation ownership provides tomorrow's vacations at today's prices. But there's more. Typically your vacation ownership accommodations far exceed your typical hotel room. Luxury rooms, kitchens, multiple bedrooms and baths, they're really a home away from home.
How many people are vacation owners?
It is estimated that more than 5 million families have discovered the benefits and affordability of buying one or two weeks of vacation ownership rather than year-round ownership of a condominium unit or second home.
What are some of the most common vacation options?
Whole ownership of a vacation home or condominium... Pay rent to hotels & motels... Rent or purchase a motor home...Or, Vacation ownership where you receive all of the same benefits of condominium or vacation home ownership at a fraction of the price because you only purchase the time that you need.
If I purchase, when will I receive my deed?
After the deed is recorded at the county courthouse. It is then sent to you along with your title policy. With most sales the usual time frame is approximately ninety days. There are exceptions to this as some counties take longer to process.
Can I ever sell my vacation ownership?
Yes. Once you are the legal owner of a vacation ownership week, you may sell it at any time.
Example:
1. Hilton Grand Vacation Club
Hilton Grand Vacations - Vacation Ownership at Its Best
People who make leisure travel part of their lifestyle understand that taking regular vacations is mentally and physically important to enjoying life to the fullest. Vacation ownership - or timeshare as it is also known - provides an alternative to standard vacationing options and helps travelers maximize their vacation dollars and their vacation time.
People who make leisure travel part of their lifestyle understand that taking regular vacations is mentally and physically important to enjoying life to the fullest. Vacation ownership - or timeshare as it is also known - provides an alternative to standard vacationing options and helps travelers maximize their vacation dollars and their vacation time.
Hilton Grand Vacations - the Hilton brand of vacation ownership - was developed to provide a smart, simple way for travelers to design and enjoy the kind of vacations they want every year.
2. Marriott Vacation Club
3. Aegean Blue Vacations
Aegean Blue Vacations comprises a group of top quality resorts in Rhodes and Crete , each offering an exciting holiday world where members’ interests come first. We pride ourselves on offering the finest accommodation possible to make holidaying in Greece
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