With over  15 years of collective experience in timeshare closings, Trejesto Title Transfers has expertise in document preparation and recording in the numerous counties of each state. As a company committed to quality service, our primary focus is to make your timeshare closing a smooth and professional experience.

Throughout the years we have received many calls from timeshare owners who, for various reasons, do not use their timeshare anymore and would like to rid themselves of the financial burden associated with ownership. They have found that the resale market is far below their original purchase price, and unable to sell or rent the property; many have chosen to donate. This decision not only gives assistance to a trusted charity, but it also provides the donor with a tax benefit. The IRS will allow the donor to assess the value up to $4900.00 (without an appraisal).

After a timeshare is donated, Trejesto Title Transfers insures that the timeshare is free of any mortgage or encumbrances, and verifies the current status of all fees. The timeshare is then handed over to Seize The Day Vacations to liquidate the property. After a buyer is found, Trejesto Title Transfers completes the closing and distributes funds to the charity.

If you would like to join hands, donate your timeshare and give the gift of life ... CLICK HERE.

BASIC TIMESHARE FACTS

WHAT IS TIMESHARE?

Beginning some 30 years ago in the French Alps, vacation ownership started with the idea of being able to exchange one’s vacation accommodations with someone else’s.  Not everyone could afford that second home at the beach, so by owning just a segment of that home, or condo, it became within most people’s reach.

By locking in the purchase price of accommodations, vacation ownership (time sharing) helps to ensure future vacations at top-rated vacation destinations at today’s prices. The reasons cited for purchasing by most timeshare owners is the quality of the resorts followed by the flexibility.

Each resort condominium unit is divided into weeks which are sold separately. The weeks are priced according to a variety of factors, including the size of the unit, and the season of the week. Timeshare ownership offers vacationers an opportunity to save on the escalating cost of vacation accommodations over the long-term and like your home; vacation ownership provides space and flexibility to suit the needs of any size family or group. Units range from studios to three or more bedrooms and most units include a fully equipped kitchen with dining area, washer and dryer, linens, stereo, televisions, VCR as well as the many outside amenities.

Would you like to be able to take any vacation you want, go anywhere you want, stay in luxurious accommodations, and not have to worry? That is what timesharing is all about!! 

TIMESHARE FACTS

You may use your home resort each year, or you may use a different resort in a different location each year. Your choice - go to Disney World this summer,  sky in Colorado next winter, see Italy the following spring, then walk on sandy beaches and enjoy the ocean in the fall.  You will have this much versatility in your vacationing.   One of the biggest misconceptions is that you have to go to use the same week or resort every year, YOU DO NOT. You can make your  vacation plans each year according to your own schedule and desires.

HOW DO I DO THAT?

There are two major exchange companies, Resort Condominiums International (RCI); and Interval International (II). Both companies offer timeshare owners other resort opportunities worldwide. When you want to make an exchange, you simply call your exchange company, RCI or II, to deposit your timeshare week.  Think of it like a bank. You make a deposit (give them your timeshare week this year) and then make a withdrawal (this is the part where you request another resort where you would like to vacation).   This process occurs millions of times each year with other timeshare owners so you can see where their inventory comes from.

CAN I EXCHANGE FOR ANY WEEK?

IT DEPENDS.  Exchange companies have certain parameters to ensure that the system is fair. If you own an off-season week somewhere, expect to exchange it for another off-season week. (Like for Like) The resorts color code each week so that it specifies which season it falls into.  RCI uses red, white and blue,  II uses red, yellow and green.  A red week with either RCI or II designates a week that is in high demand.  (Ex. Summer in Florida or Winter in Colorado).  White or yellow weeks are in between; not prime season.  This is generally spring and fall season.  A blue, or green week is considered off-season. (Ex. summer in Colorado, winter in Texas)  

CAN I EXCHANGE FOR ANY LOCATION?

There are only three things that matter in real estate…Location, location, location. The same is true in timeshares. This is important, many first-time timeshare buyers purchase a red week thinking they can exchange for any red week in the exchange system.  THIS IS NOT TRUE.  You not only exchange season for season, but the location of where you own will determine the location you get. Own a nice red week, but it’s in the middle of Iowa? Don’t expect to exchange your week to Hawaii. (Like for Like) The best locations exchange for the best locations.

I CAN’T USE MY WEEK THIS YEAR

You have options; You can: A) Let friends or family use it.  B) Rent it.  C) Call up the exchange system and deposit it. (when you do this you do not have to automatically request an exchange, you have 2 years from the date of deposit to make a request)

DIFFERENT FORMS OF OWNERSHIP

The timeshare you purchase can be deeded to you, similar to your home, or you may purchase a timeshare that is in the form of a lease.  This means that you will own it for a fixed number of years. It can be fixed time, the same week every use year, or it can be Floating time and you will be able to choose a week from a set number of weeks each use year. (Ex. Weeks 1 – 23, or floating white season).  Annual -  usage every year.  Biennial -  you will have usage each odd or even year.  Then there are points; this offers a ton of flexibility.  You can choose your week, or you can split your usage up (go 2 nights here or 3 nights there) and sometimes if they own multiple resorts you can use your points to go to any of their locations.

WE DON’T VACATION ANY LONGER, NOW WHAT?

You have options here as well.  A) You can leave it to your kids.  B) You can sell it.  C) You can donate it to a charity for a tax write-off up to $4900.00 (without an appraisal). 

 WHY BUY RESALE?

 You save money!!  Lots of it! 

WHAT WILL THIS COST ME?

The purchase price of a Timeshare can cost anywhere from $500 to $40,000.  You then have a maintenance fee each year. These fees cover the maintenance of the grounds and common areas, housekeeping ,insurance, utilities, management, replacement of furnishings and appliances every few years, and a reserve fund for roads, or roofs if needed.  It is money well spent. Maintenance fees generally run from $400 to $600 a year, depending on the resort you own. Taxes are included in the fee at most resorts, or $30 to $100 if paid separately.  If you choose to belong to one of the major exchange companies, RCI or II, there’s an annual membership fee (about $100) and a fee if you want them to make an exchange for you (about $125).

ARE THERE A LOT OF TIMESHARE OWNERS?

THERE ARE A TON, the timeshare industry is the fastest growing segment of the travel industry world-wide. More than three million households own vacation intervals at nearly 4,500 resorts located in 81 countries. Vacationers around the world are turning to vacation ownership resorts as their preferred travel destination, with timeshare owners hailing from 174 countries. North America remains the global leader with nearly half of all the resorts and approximately two million owners.

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