Archives
Resale Broker
A resale broker assists a clients in buying a selling timeshares on the secondary market. It is recommended to use only Licensed Real Estate brokerages who specialize in timeshare resale. Click the link to read more about retail vs. resale. There…
Resale
Resale is the practice of a timeshare owner divesting in the timeshare an selling to a new owner. In presentation situations, it’s common practice for attendees to receive a gift, designed to entice them into listening to a sales agent’s…
Red Week
A red week refers to a reservation during the season in which the property is most desired. Red week could be a summer month near the beach, but conversely a ski resort’s red week may be during the winter months.…
RCI
Resort Condominiums International, the most popular timeshare exchange company. Company RCI is a division of the firm Wyndham Worldwide. Founded in 1974 by Jon and Christel DeHaan, it has grown to become one of the larger brokers of timeshare trades.…
Quarter Share
An ownership where the owner possess one quarter of the property. A quarter-share is commonly referred to as a fractional ownership, but keep in mind that technically every timeshare is a fractional ownership. Quarter share is the most popular fractional…
Points Systems
Points can be thought of as virtual currency that you can redeem for vacations throughout the year. The opposite of week-based ownerships, point systems offer owners the flexibility to travel at a network of resorts, at different times of the…
Points
Points can be thought of as vacation cash that can be spent at any of the resorts in your vacation club. Points can be thought of as virtual currency that you can redeem for vacations throughout the year. This is…
Odd Year Usage
A biennial timeshare that can only be utilized in a year that is an odd number. For example, 2013 and 2015. Biennial timeshares are just simply timeshares that allow for usage every other year. Although this type of ownership is still…
Open Season
A Hilton Grand Vacations Club specific term that describes the Hilton owners ability to extend their ownership by renting reservations while pay cash for the reservation without using their points. To read more about Hilton Open Season, click here. Within 30…
Occupancy Level
The occupancy level, also known as occupancy rate, refers to the amount of reservations booked at a particular resort compared to the accommodating space at the resort. Occupancy describes just how full a resort is. It is in everyone’s interest to keep occupancy level relatively…
