Seller Notes:Fixed Week: 7
Next use: 2025
Maintenance fees 2024: $692
Check-in Day: Saturday
Right-to-use expires December 31, 2049. There are 21 years left on this
contract.
*Closing costs and transfer fees are to be paid by the buyer*
*Buyer to pay maintenance fees for first year of usage*
Owner also has a Week 7 1 bedroom in adjacent unit 961 for sale, please
use the link below to view:
https://www.redweek.com/posting/R1142200
Per the owner:
The unit has a beautiful ocean view. Unit has been newly renovated!
The current owner belongs to the "Founders Club"; this will allow the new
owner to extend their ownership for an additional 40 years of use for $1,
once the current contract is up. The annual maintenance fees will still
need to be paid.
70% of
timeshares are
2+ bedroom units
with an avg. of 1,160 sqft
Private Rooms
2
Price
$8000
Annual Dues
$692
Total Cost : $19,557.00
Total Savings : $19,557.00
X
HOTEL
The avg.
hotel room is 325 sqft
How many years do you plan to travel?
A study on travel trends published by AARP found that the average 55-72 year olds reported taking 4-5 vacations in 2017. People typically slow their travel after the age of 75. Use the tool below to adjust how many years you plan to travel:
Years of Travel
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Don't forget about inflation!
Inflation is defined as the increase in the price of goods and services over a period of time. According to the International Monetary Fund, the average global economy's annual percentage change from 1980 to 2018 was 4.6%.
Avg. Annual percent change
Recalculate >
VS.
TIMESHARE
70% of
timeshares are
2+ bedroom units
with an avg. of 1,160 sqft
More information on our formula...
Hotels usually sleep 2 adults per room, whereas the average timeshare units offer multiple private bedrooms, sleeper sofas and sometimes even bunk beds - adding value not calculated here. Timeshare properties are condo style units that contain all of the comforts of home... and then some!
Hotel total cost includes a 10% hotel tax whereas the average U.S. hotel tax is currently around 13.4%.
Timeshare total cost includes an increase in maintenance dues each year of 3%, as well as an estimated $1,000 in closing and transfer costs. These are estimated and will vary by state, county and resort.
Total savings does not take into consideration the added benefit of a timeshare unit having a spacious living room, washer and dryer, dining room and full kitchen, all of which add value and potential savings when you have the option to do your own laundry and enjoy a home cooked meal instead of dining out.