Q. What is a fixed week?
A. A set time that can be used annually.

Q. What is a float week?
A. Vacation time that can be used anytime of the year based upon availability.

Q. What is a banked week?
A. A week of timeshare deposited in one of the many exchange companies to be saved or banked for use at a later time.

Q. What is exchanging?
A. The act of trading vacation time with other timeshare owners for a onetime use.

Q. What is deeded property?
A. A property that is owned for life and may be willed to someone.

Q. What is a leased property?
A. A property that you own for a pre-determined number of years.

Q. What are maintenance fees?
A. An annual fee paid to maintain and improve the property.

Q. What is a point system?
A. Points are offered annually and can be redeemed for daily stays, weekend getaways, full week stays or other products. Additional points can be purchased but usage varies from resort to resort.

Q. What is red, white-yellow, and blue-green time?
A. A color system used for rating the desirability of a timeshare week. Red is considered the most desirable followed by white and yellow. Blue and green are considered the least desirable. .

Q. What is a bi-annual or E.O.Y. timeshare?
A. A property that can be used every other year.

Q. Who are Interval International (II) and Resort Condominiums International (RCI)?
A. The two largest exchange companies. They are responsible for 98% of all exchanges.

Q. What is a Five-Star resort?
A. The top rating given to a resort in the Interval International system.

Q. What is a Gold Crown resort?
A. The top rating given to a resort in the Resort Condominiums International system.

Q. What does lockout or L/O mean?
A. A timeshare that is divided into two separate living spaces with two separate entrances. A lockout will usually exchange one week for two weeks in a smaller unit.

Q. Will my resort resell my property?
A. Unfortuneately, it has been our experience throughout the years to find that most resorts do not offer a resale program. .

Q. Do I have to have an appraisal to sell my property?
A. You do not have to have one to sell and Resort Condo Resales does not require it.

Q. Who handles the closing? Do I need a lawyer?
A. You do not need legal counsel because we only work with licensed and bonded title companies. The title company handles the closing process from start to finish and they guarantee a free and clear title.

Q. Can I use my timeshare and advertise it for sale at the same time?
A. As long as you haven't accepted an offer. You can continue to use your property unless you would like the property available for a potential buyer.