Tag: hotel or timeshare

Timeshare property is a real estate

Timeshare property is a real estate

When a timeshare property is owned by deed, it is considered real estate property. Many real estate laws are applicable to timeshare owners in the same way they are to home owners. You own the property rights to a deeded timeshare until you sell it or until you pass away. You maintain partial ownership and equity in the property. You must also pay the resort company maintenance fees, insurance, and taxes on your timeshare as part of the contract.continue reading →
Timeshare and hotel comparison

Timeshare and hotel comparison

How much money can I save by owning and using a timeshare rather than paying the hotel rate? Let's take an example of a 2 bedroom unit in Hilton's Grand Waikikian with an ocean view sold for $45,000. If you rent a similar size unit with an ocean view in Waikiki, rates run at around $1,000 per night. Here is a comparisone of how much you will pay in 15 years Hotel $7,000 each week x 15 years = $105,000 Timeshare $1,700 each year (maintenance fee) x 15 years = $ 25,500 (+ purchase price…continue reading →