Weeks, Points and Remaining Timeshare Inventoryby admin March 31, 2017 0 comments
If you’re thinking of purchasing a house in a development, it’s quite simple to figure out how sold out they are,
If you’re thinking of purchasing a week-based timeshare, it’s a bit more difficult to figure it out, but it can be done. Find out how many units there are, multiply by 50 (leaving two weeks per year for maintenance) to find out how many total weeks there are, and then either ask the question or get the information from the county.
Not so with point-based timeshare. How do you get the total number of points that have been allocated to a project? I can pretty much guarantee that your salesperson has no clue. It’s not real estate, so the county records won’t have it.
There are small resorts that I am quite familiar with in the Orlando area that have been in actives sales for years and years…what are they selling?
It’s imperative for prospective owners to know how sold out any resort is. Why? It affects how and when control reverts back to the owners or the HOA. It affects the legality of selling something that may or may not exist. It affects the owners’ ability to use what they paid for.
Do you know how sold out your resort is? Did you ask before buying? How did you verify the information? Can you verify the information?
We want to hear your experiences. Call your resort and ask the question. We’ll print all your responses.