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Q. In which
locations are the Resorts that the Timeshare
Resales Division of
Andrew Hunter Real Estate
have for
sale?
We have a large
number of timeshare properties in locations all over the world.
Q. Are
there extra fees involved in the purchase of a timeshare?
Yes. As in all
property transfers there are fees involved. There is a processing
fee and there are recording, postage and transfer fees that are
determined by the Resort you are purchasing your timeshare from.
Q. What if I
change my mind?
With all
purchases the real estate agency
offers a money back guarantee. Should you change
your mind the real estate agency will
refund you in full, any money that you have paid to them in which
you have changed your mind during the rescission period.
Q. After
seeing your listings, there are a number of resorts we are
interested in. How do we proceed with the purchase of one or more of
these resorts?
You would
contact us and we will have the real estate agency prepare a contract for purchase. You would
return the signed contract with the agreed upon deposit and the
transfer process would begin. The process will be the same
initially with multiple sales, but may be much different depending
on the requirements for each resort.
Q. What
if I want to see the resort before I purchase?
Great! We
encourage our customers to be as familiar with the programs they are
purchasing as possible. However, our inventory is liquidated on a
daily basis and we cannot guarantee the available interval will still be
available unless you make arrangements with us to hold the property
for you.
Q. What
is a maintenance fee?
The maintenance
fee is an annual charge, on top of your initial purchase cost, that
goes toward the upkeep of your timeshare. Your maintenance fee
usually covers management fees, employee’s to do the maintenance,
insurance, utilities, telephone, and all property upkeep such as
furniture, carpets, and the common facilities of the resort.
Usually, the resort’s Homeowners Association decides this fee.
Q. What
is a transfer fee?
A transfer fee
is a cost that resorts charge to transfer ownership from one party
to another. This fee is determined by the resort and will vary from
resort to resort.
Q. What
sizes of accommodation is available?
Sizes of
accommodation vary from resort to resort, but as a rough guideline
the accommodation is broken down by bedroom number and how many
adults they sleep. Here is the breakdown:
Studio Sleeps a minimum of 2 People
One Bedrooms Sleep a minimum of 4 People
Two Bedrooms Sleep a minimum of 6 People
Three Bedrooms Sleep a minimum of 8 People
Q. What
is a fixed week?
A fixed week is
ownership of a specific week of usage each year. The first week of
the year will be designated as week #1, and the last week of the
year will be week #52. Usually, fixed weeks are assigned to a fixed
condominium unit as well.
Q. What
is a floating week?
A floating week
means that the week you own is not a pre-determined week. A floating
week guarantees you one week within a certain time period based on
what season rating your membership is. Each year, you contact the
resort and reserve the week during your season that you would like
to use. If you plan on exchanging your floating week, you will need
to make a reservation before you deposit your week with the exchange
company.
Q. What
is a point system?
A point system
is a vacation ownership in which you own points that represent the
quality of the unit you will have. More points translate into higher
season ratings, larger accommodations, and better trading power. For
example, a low season studio unit may take 100 points to reserve the
time, but a high season two bedroom unit may require 300 points.
Most systems will allow you to borrow from future years or to carry
over unused points to the next year.
Q. What
is a deeded property?
A deeded
property is one in which the property title does not expire. Once
you own it, it's yours until you decide to sell it, much like home
ownership. Deeded properties may also be passed to your heirs.
Q. What
is leased or certificate property?
A right to use
your timeshare for a specified number of years. Certain resorts may
allow for accelerated usage, which means that you will have a
specific number of weeks you may use, but you may use more than one
week per year. Most properties in Mexico are of this type as the
government tries to prevent long-term foreign ownership in their
vacation cities.
Q. What
happens after my certificate expires?
In some
instances you will be offered an opportunity to extend your
membership for a price, but this will vary from resort to resort.
Otherwise, the membership will be placed back on the market by the
management company.
Q. What
is life property?
A. A
membership, which allows usage each year for the owner's lifetime.
Q. How
soon after purchase will I get my deed/certificate to the property?
The usual time
frame is ninety to one hundred and twenty days. There are exceptions
to this, as some counties take longer to process transfers
while others can do this transfer within weeks. We do
keep you informed about the circumstances and any situation, which
may cause a delay in transfer.
Q. Can
I ever sell my timeshare?
Yes. Once you
are the legal owner of a timeshare week, you may sell it at any
given time.
Q. How
soon may I use it after purchasing?
As soon as the
ownership has been transferred into your name, you may contact the
resort and exchange company to start active participation.
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