Hawaii Vacations – Shell Vacations Club at Paniolo Greens – RCI Timeshares
www.shellvacationsclub.com Hawaii Vacations - Shell Vacations Club at Paniolo Greens, Big Island, HI. On the Big Island's Golden Kohala Coast, you will find Paniolo Greens within minutes of shopping, dining, luxurious spas and some of the world's best beaches. Discover comfortable 2BR vacation homes with ocean and mountain views. Waikoloa Golf Club, where you'll receive special privileges, has a championship golf course, and is right next door. Hapuna Beach is also close at hand, as are the famed Kona coffee orchards and many more attractions. The resort is a 10 minute drive from the beach. The resort has tennis, horeshoes, swimming, exercise facility, BBQ and onsite activities. To view additional videos, visit rci.com
Question by Shanpayne22: How do I make my vacation home a timeshare?
If I own a home out right, worth about 0,000. What do I do if I want to make it into a timeshare? Who receives the money that the timeshare holders pay? Do I loose all interest in the home if I do this? I can't find anything online that will give me any helpful answers. Can anyone enlighten me?
Best answer:
Answer by tntsolid
Well,
First of all you have to asses where is your vacation home located at and if it has any demand from people on vacation just to find out if it's worth to sell it like that (this will cost you money).
Then you have to go trough what ever license you need to operate or be able to sell the weeks(more money), I am talking county license and maybe ARDA license (American Resort Development Association).
The basic concept is that you divide your house in 52 weeks, you sell 50 and leave 2 for maintenance.
The price of the weeks has to be divided according to the demand of the season (high demand weeks cost more).
The maintenance fee is equal for all the weeks.
After you figure all that, then you have to HIRE some hardcore sales team to market it and sell it (and pay super money). Usually this will cost you around 40% of the Price of the week.
At this point after everything I explained to you (witch it is just the tip of the iceberg).
In order for you to just make your 0,000 you will have to sell some of the weeks at prices over ,000 USD.
Here is my question back to you:
Do you think a week a year in your house is worth that much?
Add your own answer in the comments!
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