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Most Frequently Asked Questions Concerning Timeshare Purchase Does Timeshare Make Financial Sense? Maybe. Timeshare is not for everyone. In the most conservative view, you should be able to say, "I'm going to spend my vacation dollars anyway." If this is so, then yes, timeshare makes perfect sense. In fact, why wouldn't you re-direct funds from a vacation rental position to an equity position? However, if you do not vacation at least once a year, you should carefully consider other subjective motivations before committing to a purchase. We will be happy to discuss your specific situation, and help you evaluate all your options. Click here for a Financial Presentation. Attractive competitive financing is available in most cases. We also stand ready to advise you on financing alternatives. Mortgage interest may be tax deductible, but please consult your tax advisor. Yes. In fact, you may actually get more. Accrued, but unused, benefits may carry over to you with your purchase. There may be minor exceptions. Have you ever added up the developer's weekly sales price for 51 weeks per condo? It is easily 300-400% of a comparble condo per sq. ft. It is no more complicated than that. It is a well documented fact that 40% to 50% of developer costs are directly sales and marketing related! Beyond that, large administrative overheads are typical for the major timeshare providers. In the resale market, you only pay for the fair market value of the real estate itself, plus modest commission costs associated with the sale. We can assist you. You must first determine what you are looking for in vacation experiences. We will help structure your requirements until you agree that an "ideal" scenario has been prepared. Then, we go to work, suggesting properties and price points that best fit the bill. Only when you are satisfied that it works for your situation and lifestyle, must you commit to a purchase. There is never a cost to you for consulting services. Don't view your purchase as an investment, expecting capital or equity appreciation. Ownership is to be enjoyed, fixing costs now, locking out inflation and securing a high-quality vacation lifestyle forever. If your circumstances change, it is comforting to know you own an asset that can be sold. Try doing that with the next hotel room you rent! Sale price will be influenced by many factors, including the quality of, and demand for, the timeshare you own. Of course, Timeshare Resale Gallery will be here to assist you, if you wish to sell at sometime in the future. High quality/demand properties will bring the best return. Yes. You can expect to pay an annual maintenance fee to your home resort Homeowners Association. Fees vary by property, but usually are in the $400 - $700 per year range. We will provide you our insight into stability, value received, etc. You should also exercise due diligence by requesting fee history, reserves, etc. from the H.O.A. Additional variable fees may apply, depending on how you use the flexible components of ownership. We have provided "typical" examples in our sample Financial Presentation. This should answer most of these questions for you. Or call us (Toll-Free) 1-866-4-GALLERY.
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