irenenina
newbie
- Joined
- Mar 4, 2019
- Messages
- 1
- Reaction score
- 0
- Points
- 1
- Resorts Owned
- Vacation Village at Parkway
Hi everyone,
I am learning as I go along, but I'm here to help my mom sell her timeshare. I don't think even she understands what she purchased fully so I am navigating through all her old documents trying to figure it out for her. My mom says she has never actually been to the timeshare she owns and has always deposited her weeks into RCI and vacationed elsewhere.
Our documents indicate we own a 2-bed, 2-bath suite at Vacation Village at Parkway in Kissimmee, Florida, week 32, odd, max. occupancy: 8. I believe this is a fixed week based on my reading of the different terms and definitions. Am I correct? Because I also found one specific document entitled "Enrollment Application" from RCI Community that states under "Unit Number" the word "FLOAT".
Moreover, another document indicates we have suite #xxxx A/B, and my mom has said that every time she deposits her weeks into RCI, she deposits weeks for both "A" and "B". What could this mean?
I am also very confused about our RCI membership and its connection to our timeshare ownership.
Will we be selling our RCI membership as well if we sell our timeshare?
We currently have 3 weeks to deposit - our RCI account indicates it is for years 2019, 2020, and 2021. This confuses me because our documents say that we have week 32, every odd year. So why do we have a week to deposit for 2020 as well? And I also thought we paid maintenance fees every two years, so why do we have a week to deposit for each of the next three years?
Our RCI account also states we have two weeks "ready for exchange" with a total deposit trading power of 30 (25+5). These are weeks from previous years that are unused I gather.
Does whoever buy our timeshare get these weeks as well?
Also does anyone have any knowledge about what the market is like for timeshares in Kissimmee, Florida right now? I live in Toronto, Canada, so I don't really know. Is it a good time to sell or should I wait and try to rent it out first?
If I rent it out, can I only rent out the specific week(s) we own or can I also rent out the RCI membership to them so they can choose to deposit the weeks and exchange for something else?
I'm sorry for all my newbie questions, but I would greatly appreciate any guidance anyone can give me.
My mother is unemployed and has been struggling to maintain predictable employment ever since her broke up with her common-law partner and was divorced by my dad. My sister and I are also older now and both adults, so we really don't vacation as much together anymore. I'm worried about my mom's financial stability and this is just another added strain on her. I feel bad because she probably bought this timeshare thinking she can take us on trips as a family after my dad and her split, but our family's been through rough times this last decade and a half. So I'd really like to try my best to help her with this so it's not another added burden for her.
Thank you all in advance.
I am learning as I go along, but I'm here to help my mom sell her timeshare. I don't think even she understands what she purchased fully so I am navigating through all her old documents trying to figure it out for her. My mom says she has never actually been to the timeshare she owns and has always deposited her weeks into RCI and vacationed elsewhere.
Our documents indicate we own a 2-bed, 2-bath suite at Vacation Village at Parkway in Kissimmee, Florida, week 32, odd, max. occupancy: 8. I believe this is a fixed week based on my reading of the different terms and definitions. Am I correct? Because I also found one specific document entitled "Enrollment Application" from RCI Community that states under "Unit Number" the word "FLOAT".
Moreover, another document indicates we have suite #xxxx A/B, and my mom has said that every time she deposits her weeks into RCI, she deposits weeks for both "A" and "B". What could this mean?
I am also very confused about our RCI membership and its connection to our timeshare ownership.
Will we be selling our RCI membership as well if we sell our timeshare?
We currently have 3 weeks to deposit - our RCI account indicates it is for years 2019, 2020, and 2021. This confuses me because our documents say that we have week 32, every odd year. So why do we have a week to deposit for 2020 as well? And I also thought we paid maintenance fees every two years, so why do we have a week to deposit for each of the next three years?
Our RCI account also states we have two weeks "ready for exchange" with a total deposit trading power of 30 (25+5). These are weeks from previous years that are unused I gather.
Does whoever buy our timeshare get these weeks as well?
Also does anyone have any knowledge about what the market is like for timeshares in Kissimmee, Florida right now? I live in Toronto, Canada, so I don't really know. Is it a good time to sell or should I wait and try to rent it out first?
If I rent it out, can I only rent out the specific week(s) we own or can I also rent out the RCI membership to them so they can choose to deposit the weeks and exchange for something else?
I'm sorry for all my newbie questions, but I would greatly appreciate any guidance anyone can give me.
My mother is unemployed and has been struggling to maintain predictable employment ever since her broke up with her common-law partner and was divorced by my dad. My sister and I are also older now and both adults, so we really don't vacation as much together anymore. I'm worried about my mom's financial stability and this is just another added strain on her. I feel bad because she probably bought this timeshare thinking she can take us on trips as a family after my dad and her split, but our family's been through rough times this last decade and a half. So I'd really like to try my best to help her with this so it's not another added burden for her.
Thank you all in advance.