From a local point of view, buying South African Timeshare opens the door to overseas travel through RCI and other exchange organizations. This can be achieved relatively cheaply due to costs being paid locally and not impacted on by the exchange rate. From an overseas perspective timesharing can be purchased in South Africa by benefiting from a weak Rand in both the timeshare purchase price and levy contributions. In a nutshell an overseas buyer can purchase timeshare in South Africa without ever occupying, enjoying holidays on a continuous basis exchanging timeshare outside South Africa.
The purchaser of the respective timeshare will be liable for commissions payable on a transaction.
The purchaser of the respective timeshare, will be liable for the once off administration and transfer costs. Any future levies raised and payable are the purchaser’s responsibility, providing the unit is available for occupation.
The transfer process (should this be a share block resort) takes approximately 6 weeks to be completed, once all the necessary documentation have been received. In the event that the timeshare is a sectional title resort, the transfer process takes longer and is dealt with by our attorneys.
Banked points cannot be transfered to a third party. Our recommendation is that the banked points be used by the current owner and if not used, eventually forfeited.
In order for us to provide an accurate valuation of the timeshare, we require a copy of a levy statement, indicating ownership.
In many cases an Indemnity / Affidavit form can be completed as a replacement of the share certificate for the current owner. There are some transfer secretaries that charge for this service.
Yes, the unit can be transferred should the timeshare be registered in the name of an Estate Late. The requirements for transfer is that the executor of the estate sign all the necessary documentation relating to the transfer process. The transfer secretaries will require copies of all of the Estate documentation i.e. Death Certificate, Letter of Executorship, Copy of Will, Copy of deceased Identity document, and a copy of the Executor’s Identity document.
Yes, a timeshare can be transferred to a family member or friend, providing all loans and levies have been settled in full.
This is best answered in understanding you holiday requirements and one of our professional sales agents advising you accordingly.
In most cases, the holiday ownership will be bought in perpetuity. There are however certain ownerships which can be bought on a lease period and owned for a limited period of time.
If the holiday ownership has been bought in perpetuity, this ownership can be left to any beneficiary of your choice. The same is true for holiday ownership that is bought on a lease period, provided that lease period has not expired.
Besides the initial purchase price ( which will vary depending on what type of holiday ownership you invest in ), you will be liable for a once-off admin & transfer fee and an annual levy.
Timeshare Specials will facilitate this process from start to finish.
Once the transfer has been registered, as the new owner you will either receive a Share Certificate or a Title Deed stating that you are the registered owner of the holiday ownership in question.
Yes, contact one of our sales agents to assist you in this regard.
Holiday owners can become members of various exchange companies and bank their holiday ownership. In return they will receive a holiday credit which can be redeemed by exchanging to various other times of the year at resorts across the world, while retaining ownership of their original purchase ( T & C’s apply with respect to these various exchange companies ).
A Holiday owner also has the option to rent their ownership out, contact one of our rental agents to assist you in this regard.
The benefit of owning timeshare would be more long term ( realised in the near short term ), which will prove a lot cheaper when holidaying versus paying hotel or rental amounts.
Yes, the advertised amount includes all the associated costs, with exception of a breakage deposit.
24 hours from receipt of invoice
All funds will be paid into Timeshare Specials Trust account and will be held there until the resort has captured the booking, and confirmation received by yourself.
The rental amount is a room rate only
You will receive a confirmation letter verified by the resort.
Yes, Timeshare Specials endeavours to do all the necessary checks to ensure your booking is secure, we hold all funds until we get confirmation from the resorts directly, and should any problems arise we will refund immediately.
You only require the confirmation letter for check in
Subject to a successful re-let, only then a refund will take place.