Q: What are the costs to purchase the unit week?
A: The purchase price is noted on the sales list. Closing costs for the purchase are approx. $275 (if more than 1 week is purchased at same time and same owner info, the closing cost is charged only once). Annual Maintenance Fees are also due at time of closing, if use is still available for the current year after closing.
Q: What are the annual maintenance fees?
A: Maintenance Fees are set by the Board of Directors at the Annual Meeting in November. Invoices are sent out in December and are due by January 1 of each year. Maintenance Fees cover the costs of all operations of the resort, including personnel and management, housekeeping, maintenance, insurance, and reserve expenses for repairs and improvements.
Q: What is the difference between “Fixed” weeks and “Float” weeks?
A: Fixed weeks are the same unit and same week of use every year (example: if you
purchase unit 209 for week 27, you will have that unit and week every year); Float weeks are flexible weeks and can be reserved a year in advance. Fixed weeks are generally mid-June to early September and are generally not available to reserve by float week owners.
Q: What other options do I have if I do not want to use my week for any
A: You can place your unit week up for rent in the rental pool (rental fees are subject to
Commission from management company); you can exchange your week through several available exchange companies, such as RCI, II, or Trading Places International (TPI). With RCI (www.RCI.com), or II (www.intervalworld.com). You must be a member with an exchange company to exchange time at any of their affiliated resorts and must pay an exchange transaction fee. With Trading Places International (TPI) can exchange at another VRI managed resort with only a small exchange transaction fee – no annual membership required. (www.tradingplaces.com for more info). You can also let family or friends use your week (or portions of week), but you must notify the resort in writing, in advance, of who will be checking in.