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Timeshare resale |
| Introduction to Timeshares and RCI Points |
| Once you
take a timeshare vacation, you'll never want to vacation any other way!
Imagine visiting exotic destinations all over the world and having all
the conveniences of home. Many timeshares feature kitchens, living
rooms, bedrooms and dining areas. With Resort Condominiums International
(RCI), you can travel almost anywhere in the world for less than an
ordinary hotel room while enjoying all the comforts of a luxurious
timeshare condo. RCI is one of the largest timeshare exchange programs in the world with over 3,700 affiliated resorts. RCI Points is a new system that allows owners to use points for timeshares as well as for other travel related expenses such as cruises, rental cars, airfares, and many other vacation and travel related products and services. Using RCI Points saves you money! To take a timeshare vacation through RCI Points, the minimum amount of points needed is 6,000 points per week. This covers a studio (hotel) unit during the off-season in several locations worldwide. The most points required for any RCI Points resort vacation is 179,500 points per week for a three-bedroom penthouse unit at Residences at The Crane in Barbados during the prime season. Without RCI Points, these 3,400 square foot luxury units would rent for $2,000-$2,500 per night! At the minimum during the off-season, this resort would rent for between $1,000-$1,500 per night. By renting through RCI points, you can save over $13,000 while vacationing at one of the most luxurious resorts in the world. Useful informationThe definition of timeshare is the right, shared with others, to occupy a unit of accommodation for a period of time (usually a week) on a regular basis for a number of years. Sometimes referred to as "Holiday Ownership", "Multi Ownership" or "Group Ownership". Timesharing can be in a single building, an apartment block or a boat. Great Deals on Timeshares and RCI Points RCI Points Packages starting at as low as $1,950. Join today and gain access to over 3,700 RCI resorts world wide.
Why are prices so low in the timeshare resale market?There are many reason why the initial
sale of a timeshare has many additional costs. Typically costs absorbed
by the first sale of a timeshare vs. the resale are the expense of
marketing the resort, initial development costs and setup costs. For
this reason the timeshare resale market offers great prices for
timeshares at prices from 30% to 50% or below original sales value.
Often, once you have a good understanding of the timeshare resale
market, you may find timeshare for less then 50% of original price.
What are the best ways to find timeshare resales?The internet is a great source for timeshare resales, including sites like ebay and other industry specific sources. Other timeshare resale sites and timeshare real estate sites have sprung up. It is important to remember to review all of the options and understand the marketing before you purchase a timeshare. Organization like RCI even offer a timeshare resales program. What is a Timeshare?Timeshares are one of the best ways to vacation. A timeshare unit is usually a condo, villa, cabin, or ski resort and most offer the conveniences of kitchens and kitchenettes, dining areas, bedrooms and living rooms. Each unit is divided up into 52 one-week periods each year with one week reserved for maintenance and refurbishing. The remaining 51 weeks are sold to individuals and families for vacation use.There are two types of weeks available for timeshare ownership, fixed weeks and floating weeks. On a fixed week, a timeshare owner is guaranteed the same week at their resort every year or every other year depending on ownership. Knowing that many families cannot vacation at the same time every year, the timeshare industry and resorts came up with the idea of a floating week. With a floating week, an owner still has one week per year (or every other year) at a specific resort. The owner simply has to make a reservation with the resort in advance to use their week. In addition to the initial purchase price for the timeshare week, an owner must also pay annual maintenance fees. The maintenance fees cover everything from insurance and maintenance to resort staff and cable. Maintenance fees are different for each resort and may be determined by either the homeowners association (HOA�s) or by the resort itself. Maintenance fees may increase over time and are often subject to change. Timeshare owners may love their home resort, but may also want to travel
to other locations. Exchange companies, such as RCI, allow timeshare
owners to exchange weeks at their home resort for time at another resort
within their exchange network. |