Archives
Even Year Usage
A biennial timeshare that can only be utilized in a year that is an even number. For example, 2012, 2014 and 2016. Biennial timeshares are just simply timeshares that allow for usage every other year. Although this type of ownership is…
End-User Finance
A loan that is given directly to the purchaser of a timeshare interval. Timeshare financing for resale ownerships has become very hard to come by in recent years. Many companies that our brokerage has worked with have now either closed…
Exchange Company
Company that helps timeshare owners facilitate trading their week or points for another time of the year or location. There are 3 major exchange companies, which have created agreements with multiple resort developers to allow owners at one resort, or…
Exchange
Timeshare exchange describes when an owner trades their week or points in order to travel to a new resort or gain availability. Trading enables owners to travel to resorts that they do not own, and at times they would not…
Escrow
The process of holding the buyer’s funds in a third-party account. Also escrow describes the action of verifying the seller’s ownership and ability to transfer their timeshare. A closing company can be employed to hold escrow for two parties, but…
Developer
The entity that sells a vacation club’s points / weeks or the company who originally built the vacation club’s resorts. Long ago, it used to be the developer was the company who built the resort, but now there it is…
Deeded Property
Deeded property refers to a timeshare property that carries an underlying deed. A deeded property is legally deeded to the owner, as opposed to a club membership. Many modern timeshares do not feature a deed. There is no tangible benefit…
Depreciation
A drop in value when compared to the initial purchase price that was paid. Depreciation can either be a complete shock to someone who bought at a presentation, or a blessing for those who buy on the resale market. Either…
Day Use
A benefit of timeshare clubs that lets the owner use the resort’s amenities without booking ahead. This feature is great if you happen to live locally to your timeshare. The benefit allows you to drop by and use the pool…
Credits
Credits (a synonym for points) are a virtual currency that represents vacation time within your club. Each ownership will utilize different point systems, so it’s important to know what the points redemption value is. For example 100,000 Club Wyndham points…
