It is advisable to use a reliable ESCROW service or an attorneys or accountants trust account to ensure the security of the purchase which would then be transferred to your account on successful transfer of the timeshare into the buyers name.

Typically, a buyer and seller agree on a price, the purchase price is deposited into a trust account or escrow account and the transfer documents are requested from the resort administrators. There is a transfer cost involved in the transfer of a timeshare and depending on the type of scheme you are involved in, these transfer costs to sell timeshare would be between R700 and R1500 for a share transfer and as high as R5000 for a sectional title transfer.

When placing your timeshare for sale please be sure to indicate “private buyers only” if you do not wish to be contacted by timeshare sales agents. We would suggest that you leave the opportunity open to timeshare resale agents as well as timeshare rental companies as they could be in a position to conslude a sale without the hassle of having to deal with the share transfer and documentation required to sell your timeshare.

Selling your timeshare costs nothing and we will not ask you for anything in return. Buytimeshare.co.za is a website that allows buyers and sellers of timeshare to interact with one another and we do not get involved in any aspect of the sale or rental at any time. We do not charge a fee or request a commission to help sell timeshare units but act merely as facilitators to help frustrated timeshare owners sell timeshare.

Plett is close to Knysna which is know for it’s annual oyster festival, it is close to a number of nature reserves and the forest which are home to the Knysna Elephants.

Plett is a hive of activity during the summer months where the locals experience an influx of Tourists from all over the world as well as the annual migration of the Gauteng residents during the school holidays.

The restaurants are among the finest in the country and include, The Beacon Island Timeshare Resort restaurant, Bellamanga Lodge, Blue Bay Cafe’, Charlies Bistro And Coffee Shop, Ciccio Al Fresco, Emily, Moon River Lodge, Fifty7kloof, Grand, Cafe And Rooms, Hemingways, Hunters Country House, Panarottis Pizza Pasta, Rj’s, Stromboli’s Inn, The Islander, The Look Out Deck, The Med Seafood Bistro, The Phantom Forest Eco Reserve.

When visiting the Cape’s East coast or Garden route as it is better known you will be well advised not to miss a visit to the countries playground of the rich and famous.

Umhlanga Rocks has everyhting that a beach vacation destination visitor could want for.

There are miles of beautiful coastline bordered by some of South Africas finest hotels and timeshare resorts along with an unparalleled holiday experience that is one of South Africa’s most visited and sought after holiday desinations.

The Three most requested resorts on the Umhlanga Coastline are:

Umhlanga Sands

A full range of activities for choldren and teenagers are arranged by the fantastic staff of Umhlanga Sands to give parents some welcomed time out on well deserved vacations. The majority of the timeshares are 1 bedroom 4 sleeper units with a few 2 bedroom units.

Cabana Beach

This oasis in Umhlanga, directly above the main beach and favorite surfing spot along the Umhlanga coastline is a landmark used by visitors and locals alike to determine where they are. A large selection of 1, 2 and 3 bedroom timeshare units to suit any size family.

Breakers resort

Breakers is predominantly a timeshare resort for families with younger children set at the end of the main road through Umhlanga bordering a nature reserve. organised activities will keep you and the children as busy as you wish.

Shareblock in perpetuity

This is the most common form of timeshare ownership in South Africa and the owner purchases shares in the shareblock company. Each shareblock identifies the unit number, week number and gives the holder the right to occupy the unit in the prescribed week, the right to allow visitors to occupy the unit, the right to rent out the unit and the ability to exchange the unit through the resorts affiliation to a timeshare exchange organisation like RCI.

each shareblock agreement includes a “use agreement” which will detail the rights and responsibilities of the shareblock holder and must be accepted by the purchaser in order to take transfer of the shares.

Each shareholder in a shareblock development must have a copy of the use agreement.

Transfer of shares in a shareblock company are relatively simple and are the costs involved should not exceed R1000 – R1500.

Limited time shareblock

Certain resorts, and I mention Sun City Vacation Club as an example, have a predetermined number of years that the timeshare owner is entitled to occupy the timeshare unit.

At the end of the period there are certain buy back guarantees in some cases or some form of remuneration or even the ability to renew membership should the timeshare developer decide to continue offering the accommodation on a timeshare basis.

These types of ownership should be more carefully looked at as the new owner may have only a few years of occupation rights remaining.

Transfer of shares in a shareblock company are relatively simple and are the costs involved should not exceed R1000 – R1500.

Sectional title

This type of timeshare ownership takes on the same form as purchasing an apartment in a building where you have full title to the timeshare unit for a specific date range and can be used through affiliations in the same way as a shareblock unit can be used.

The real difference in purchasing a sectional title timeshare is the cost and time involved in the transfer.

This cost can vary significantly from R4000 – R10000 per section.

Essentially, an investment in a timeshare is intended to save you money on your future vacations and not intented to be a capital investment. You should view it as a long term investment where your return is in the form of future savings and if, after 10 years of savings you make a reasonable return on the sale of the timeshare, it will be the best investment you ever made.

Most timeshare owners hold onto their units, pass them down through the family, allow friends and family members to use them or rent them out when they cannot use them.

We all know the cost of hotel accommodation and in particular foreign hotels and travel costs. Timeshare offers a massive saving when travelling abroad and and just 1 ovberseas vacation could nett you a return on your investment.

Timeshare and in particular purchasing a resale timeshare week allow families to travel Internationally at a fraction fo the cost.

By owning a South African timeshare week at a good resort would cost a family of up to 6 people the following for a 7 day vacation abroad. (purchase price excluded)

Annual maintenance charge R2500 (average 6 sleeper unit), Iternational timeshare exchange fee R900.

Thats R3400 for 7 days for up to 6 people for a self catering vacation Internationally.

A significant saving I am sure you will agree!