Archives
Quit-Claim Deed
The grantor of a real property can transfer any and all rights that the owner may or may not have to the recipient or grantee. With this, the owner terminates their right to the property. These are often used between…
Triennial
Timeshare ownerships where the owner can travel every three years. In the timeshare world, triennial ownerships are ownerships where the usage is available every three years rather than each year or every other year like with annual and biennial. These…
Fair Market Value
Fair market value is the estimated value of a timeshare ownership that a knowledgeable and willing buyer would buy from a knowledgeable and willing seller. Fair market value for timeshares differ greatly based on where and how they are being…
Right of First Refusal
Right of first refusal is a developer right that allows give the developer the option to purchase your ownership back from you, preventing a sale to the open market. This right allows the developer to purchase back a timeshare from…
Presentation
A verbal report using illustrative tools to sell a timeshare interest. Usually gifts are offered to a client for their attendance. Timeshare presentations are how many brands / developers sell their retail timeshare ownerships. During the presentations, the sales representatives…
Retail Timeshare
When timeshare developers and brands sell their weeks or points to the public at a presentation, it is known as a retail timeshare. When a timeshare property is built, the developers need to sell the weeks or points for that…
Award Month
Your award month is the month that you will be “awarded” your usage and can start booking your reservation for the year. The award month is common for points-based timeshares, but can be present with some weeks-based ownerships. The award…
Exchange Fee
A fee paid to an exchange company such as RCI, or Interval International at the time of each trade. RCI charges $159.00 if your destination is domestic, and $199.00 if your destination is international. This fee is paid in addition…
Vacation Ownership
A synonym for timeshare, or fractional ownership. If you’ve ever thought of a vacation ownership as a “slice of the pie” of a luxury vacation resort, you’re not very far from the reasoning of a ski resort developer in the…
Use Week Calendar
Shows which calendar date corresponds to each week number. Also known as timeshare calendar. Week calendars can help you when you’re purchasing an ownership by helping you decide what season(s) will fit your lifestyle or just simply aid you in planning…
