ORLANDO TIMESHARE RESALES: The Questions You Want To Ask

You want to buy a timeshare in Orlando. Your understanding is that timeshare resale is a great option because they are cheaper. But there are some questions that bubble up in your mind.

So lets go through some of the frequently asked questions pertaining to timeshare resale in Orlando. You are most likely going to get your answers here and now!

1. What is timeshare resale?

Generally, a timeshare is a piece of property whereby you can use that property for a certain period of time every year. You need to pay an initial fee and a maintenance fee for every year.

Now it often happens that a timeshare owner decides to sell off that property due to various reasons like death, divorce, lifestyle changes, unavailability of time, debts and so on. The proposed sale of the timeshare is known as timeshare resale property.

2. What are the places or properties that are likely to be available in the Orlando timeshare resale market?

Some of the important places in Orlando where resale properties are available are: Blue Tree Resort at Lake Buena Vista, Clarion Suites Oaks at Resort World, Disney's Boardwalk Villas, Fairfield Star Island Resort, High Point World Resort, Lago Vista at Buenaventura Lakes, Marriott's Cypress Harbor, Parkway International Resort, Westgate Lakes Resort, Ron Jon Resort Orlando etc.

3. What is the size of the timeshare property that one gets in Orlando?

You can get a room of any size of your preference it can be as small as a hotel room and as large as a flat with 4 bedrooms. The decision lies entirely with you.

4. What are the fees that are involved in buying a timeshare resale in Orlando?

The following are the category wise fee that you would have to pay -

Initial payment at the time of purchase Closing costs Membership transfer fee Annual membership fee to the exchange company Maintenance fees

5. What are the maintenance fees? How much do I have to pay?

Maintenance fees are an essential part of timeshares. The maintenance fees are divided among all the owners of timeshares if it is a resort or hotel. They are reserves for any physical damage that may occur to the property. Typically in Orlando, the fees amounts to somewhere between $300 to $1000. But a lot depends upon the size, location, and other facilities pertaining to the unit which you own.

6. Orlando is such a huge tourist attraction. Then, why are the prices in the resale market are so low?

When a timeshare is bought for the first time along with the selling price of the property, marketing fees are also to be paid to the developer. This amounts to 50 percent of the sales price. But when you purchase a resale property, this marketing cost is absent. Thus, the prices are so low. So from a financial perspective, buying a resale property is a huge benefit.

7. How do I ensure that there are no chances of fraud when I opt to buy a timeshare resale property?

Any resale property that you buy in Orlando should always be through a licensed real estate broker. This is for the safety of the money that you invest into the timeshare. Remember to always deposit the money in an escrow account.

With this information to pep up your holiday spirits to an all time high, the best thing to do is get the property you want.