Buyers in a resort area often times are curious about timeshares or shared ownership. Many times they do not understand the difference. Marcus and Connie Schwing of Sunriver Realty recently wrote an article about shared ownership in Sunriver.
Shared ownership is a common sale in Sunriver, but there are timeshare units available too. There are two complexes, Stoneridge and The Ridge that are timeshare style ownership. Both of these offer RCI benefits but not all units participate.
When purchasing a timeshare it is vitally important that you understand the schedule in which you are entitled to stays, if the unit can be rented, what the reserve accounts are and how upgrades and new furnishings are taken care of. Obviously there is a lot more to be informed about but these are the top my clients have asked for.
Timeshares for some people are a great thing, mostly for the person that can use the property within the guidelines set forth. I have found that many people with schoolage children have trouble using their time share. This is why RCI programs and the like are intreging to some buyers, if you can not use your time, you can put it in a bank and estenially trade it for another time and location.
Many people will purchase a timeshare in their own area, and never ever use it, but they will trade it, giving the the ability to vacation all over the world.
Thesa Chambers • Broker • RE/MAX Sunset Realty
541-771-7064 Cell • 541-536-0117 Office • 888-868-2050 Toll Free
Mailing Address • PO Box 3510, La Pine, OR 97739
Thesa,
I have never heard of RCI - that would be a great post. Timeshares are another part of real estate that are more complex than they appear to be at first.
I've heard a lot of good and bad things about time shares. They still make me a little nervous...haha. I'd prefer the shared ownership technique!
Go Ducks! and congrats on the beavers knocking off Cal. I was happy to see that. I need them to lose 1 more game now. I hope the beavers put a win streak together, I'd like to see them break into the top 25...Especially since we have them at Autzen this year!
Good comments on timeshares. I always tell potential sellers and buyers that timeshares are like a love hate relationship. There are those people that love them and use them all the time. Then there are those that hate them mainly because they don't understand how to use them or got talked into something that they know what they were purchasing.