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 Timeshare ownership is a popular vacation home investment currently held by over three million American households. A timeshare is joint ownership in a vacation resort property that gives you an exclusive right to occupy a condo unit for a specified interval each year. What might you need to know about timeshare ownership if you are considering making such an investment?
There are two ways to approach timeshare. One is to buy a right-to-use membership that allows you to stay in a particular condo for an annual block of time for a number of years. You can also choose to trade your right-to-use time with someone else, perhaps someone who owns timeshare in a different location you yearn to visit. Simple-fee ownership is more like conventional homeownership -- you purchase a slice of the property and receive title by means of a deed. The property is legally yours. You can obtain insurance on the time-share property, sell or lease it, or have it transferred by will. Deeded timeshares can be also willed to family members.
Minimize the stress of booking yearly accommodations by purchasing ownership in a timeshare resort in one of 81 different countries.
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What does the abbreviation PITI stand for?
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Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment. |
 See More Real Estate Trivia > |
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Ellen Murphy
Coldwell Banker Residential Brokerage
209 Central Ave
Westfield, NJ 07090
Cell Phone: 908-447-8134
Fax: 862 345 2882
Office : 908-233-5555
ellenmurphy811@gmail.com
I am a leading agent with the Westfield NJ Coldwell Banker office. I have many years of experience in Union County real estate, including Cranford, Westfield, Mountainside, Scotch Plains, Fanwood and surrounding towns. I am skilled in the negotiating of sales and listings. I have market knowledge and personal experience as I have lived in the markets I serve. PLEASE CALL ME TODAY!
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