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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.
Who is "Fannie Mae" and why is she a big name in real estate?
A
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
The Willis Team SC Beach Real Estate 598 Highway 17 N North Myrtle Beach, SC 29582 843-492-4411 Fax: 843-249-0844 willisteam@scbeachrealestate.com
Our job is to work with you in the purchase or sale of your home. We pledge to help you receive the greatest return on all your real estate investments. If you are considering buying or selling real estate in the Myrtle Beach area, call the Willis Team at SC Beach Real Estate and let us provide the service you deserve! Contact us to receive information on Myrtle Beach Real Estate, Myrtle Beach Condos, or visit our newest company site: North Myrtle Beach Real estate!
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