Frequently Asked Questions

At the same time, many believe you get your money’s worth simply because you don’t have to deal with upkeep (annual fees take care of that) or worry about a property’s security amid the 50 weeks you’re in the city working.

Timeshares are financially attractive for several reasons. Instead of owning a condominium and living in it for vacation purposes only two weeks out of the year, the program allows you to pay only for what you use.

In the same vein, timeshares seem alluring because you can get your money’s worth. Terms of the agreement usually stipulate that the property, whether a spacious condo or studio apartment, be occupied by you once a year. This guarantees you a vacation destination each year, making it easier to budget and save for the days off. If you enjoy visiting the same place each year, this is definitely a sound investment.

Similarly, if you do have a large family, there will be significantly less financial and mental stress with a timeshare, since you do not have to worry about renting many rooms. Most timeshare units are very luxurious and fully equipped, so you can hold your brood in one location and take advantage of the kitchen to save on food.

Subletting offers revenue potential. Those less interested in the actual vacation benefits may see timeshares as golden investment opportunities. Several owners of timeshares profit by renting them out to others instead.

On a related note to subletting, timesharing is especially interesting when you consider that an owner can profit from trading to a different location every year. Programs have been set up that allow timeshare owners to trade units (and times) with other owners, allowing each one to experience a different place in the world every couple of years. Also, as someone who may want to lease his timeshare, you remain attractive on the market, always diversifying your product.

NC TIMESHARE EXCHANGE DISCLOSURE
This Disclosure is intended to assist with compliance related to timeshare exchange
programs under N.C. Gen. Stat. § 93A-48. This document is provided for informational
purposes only. Participation in any exchange program is voluntary/optional and is
administered by third-party exchange companies.
1. Exchange Companies Include:
RCI, LLC (commonly branded as RCI Weeks® / RCI Points®) (RCI.com)
Address: 9998 N Michigan Rd, Carmel, Indiana 46032 USA
Phones: RCI Weeks: 800-338-7777 RCI Points: 877-968-7476
Interval International, Inc. (IntervalInternational.com)
Address: 6262 Sunset Drive, Miami, Florida 33143 USA
Phone: 305-666-1884
Others exist such as DAE (Dial An Exchange, LLC) (DAElive.com | 800-468-1799)
2. Details – Participation in any exchange program is voluntary. Ownership of a timeshare
interval at the resort does not require participation in an exchange program, and exchange
opportunities are subject to the separate terms and conditions of the exchange company.
Exchange rights are contractual only and are governed by the exchange company’s separate
membership agreement, rules, procedures, and availability limitations. Exchange
accommodations are not guaranteed. Exchange opportunities are subject to availability,
blackout dates, geographic demand, seasonal demand, unit size availability, and exchange
company rules. Neither the resort, the Association, nor the Manager guarantees availability
of any requested exchange destination or date. Exchange accommodations may differ
materially from the owner’s home resort accommodations, including location, quality,
amenities, unit type, sleeping capacity, season, furnishings, or services. The Association,
Manager, and Resort are not responsible for the operation, solvency, availability,
performance, acts, omissions, or representations of any exchange company unless expressly
stated otherwise in writing. The exchange company may modify or terminate exchange
programs, affiliations, benefits, fees, participating resorts, reservation procedures, or rules
at any time in accordance with its governing documents. Owners may be required to pay
exchange company membership fees, exchange fees, guest certificate fees, upgrade fees,
housekeeping fees, reservation fees, or other charges imposed by the exchange company.
Owners are responsible for reviewing the exchange company’s applicable disclosure
materials, membership agreement, terms and conditions, and program rules, if applicable.
Any rescission, cancellation, or refund rights associated with exchange company
membership shall be governed solely by the exchange company’s applicable agreements
and governing law.
In summary, an owner who pursues an exchange acknowledges that (1) participation in any
exchange program is optional, (2) exchange opportunities are not guaranteed, (3) exchange
rights are contractual only, (4) the Association and Manager are not the exchange company,
and (5) exchange participation is governed by separate exchange company documents.

Many play the timeshare market. They buy time at a nice property at a low cost and then get involved in an exchange program. They find someone to trade with, and end up having a new prime spot valued higher than the one they originally bought. This means a profit was made without even staying in the place or lifting a finger.

Instead of worrying about maintenance, you pay fees to provide upkeep for your unit. Cost vary, depending on the location and type of property.