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Frequently Asked Questions
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Glossary
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Most Asked
Questions
Q:
What can I expect as a process when I purchase a week through Resort
Properties, Inc.?
A: The purchase
process is as follow; You will down load the preliminary document after
filling in your information (a copy is emailed to us) and retain a copy
for your records. You will also download a purchase and sale agreement
after adding all buyers names to the contract and print out two copies.
Sit down and review them both, writing down any questions you may have.
Your sales person will go over them with you. Once they have, you’ll sign
both copies and send them to us with a check for funds to close as stated
on the Exhibit A of the agreement OR if you are financing, with the signed
financing paperwork (you will be sent in an e-mail) instead of a check.
You will be notified
by e-mail when the contract is received and will be sent out a signed
original copy of the agreement in the mail. Closing commences (in most
cases) 10 days after the contract is received. If you are purchasing a
deeded property, you can expect the recorder to process the deed an
average of 2-3 weeks. (some case are longer) but the closing agents we use
know how to get the recordings (or certified copies sent out) from
recording in extraordinary circumstances. Average Deeded week purchases
are done within 45-60 days, start to finish, including the transfer with
the resort.
If you are purchasing
a right to use or a club membership then it can sometimes be less time but
is rarely ever more than the deeded processing and closing (averaging more
towards the 45 day mark than the 60).
The management
company, in some cases, takes the longest to change their records,
especially in Mexico and the Bahamas (Caribbean in general).
Q.
How do I know the quality of what I am
purchasing without going to take a look at it?
A. There are
several websites online that can give you a lot of information and provide
excellent research opportunities. They can be found on our “Related Sites
Page” and one should take
the time to do
thorough research on their choices. You can also ask us if we have any
first hand knowledge about a resort.
FYI- 98% of all of
our buyers do buy site unseen. 38% buy from a recommendation of someone
they know or have conferred with someone that owns or has exchanged into
the resort recently, usually via the internet or some other timeshare
network club.
Q.
How much money am I really saving when I
purchase from you versus the developer at the resort?
A. You are saving a
minimum of 50%(depending on how new the product is) all the way up to an
80% savings!
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