What is fee-simple vacation ownership?
A. In a fee-simple arrangement, the purchaser buys an interest in real estate. He receives a title, title insurance and a warranty deed. He may sell, lease or will his interest. Today, most resorts provide vacation ownership on a fee-simple basis. Q. What are benefits of fee-simple ownership? A. The benefits include the opportunity to build equity, to own in perpetuity, to sell or will the property, to obtain certain tax benefits and to have a voice in the management of the property. Q. What is right-to-use vacation ownership? A. In a right-to-use arrangement, the purchaser buys no interest in real estate but, through one of three types of ownership, has the exclusive right to use the unit for a specific number of years. At the end of that time, full ownership reverts to the seller. Q. How much should I expect to pay for a vacation week? A. Many variables affect the price of a vacation week; the size of the unit, the location of and amenities at the resort, and the time of year you wan
