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Is it Timeshare Time?!

Today's timeshare vacations provide flexibility, choice and offer a vacation lifestyle experience year after year. Think of it as a shared vacation home in a resort setting. You can return to the same location each year or visit another home at a different location.

History of Timeshares (The Co-Ownership of Vacation Property)

Timesharing began in the 60's with European families sharing vacation homes. In the 70's this spread to North America in the form of 7 day stays at resorts or condominium properties. This came about due to high taxes and the fact that owning a vacation property, which was used once a year, was too expensive for the owner. So, vacation properties started to have multiple owners, who shared the cost and expenses. This idea transformed into the current timeshare industry. Now, nearly five million families own timeshares worldwide and growth is expected to continue. Many Fortune 500 companies, such as Disney, Four Seasons, Marriott and Hilton have been selling timeshares for years thus providing consumer confidence and an improved product.

Timeshares are an investment into your vacations and your health. In today's fast pace and never ending work days, a 7 day family vacation is a necessity. With a timeshare, you can enjoy many different luxury resorts and see the world!

Timeshare Terms and Questions

Timeshare ownership is similar in features and processes to owning a house or land, although there are different types of timeshare ownerships. Some allow you to buy the property outright, where you get a deed. Others involve having a lease or are based on a point system. However, the same basic concept applies, that a timeshare is a real estate unit of some size that can be bought, sold, rented or traded.

Selling a Timeshare By Owner

When it comes to selling a timeshare, you may hear many different ideas on how to accomplish that task. Some people say "don't use a real estate agent, don't pay upfront, or don’t pay for an appraisal." They may even say "all you need is a classified ad" or that "the resort will buy back your property". The bottom line is that you must choose a timeshare resale advertising service that works and gets results. To get results you must price your property near or below the market value and get as much exposure to potential buyers as possible.

Buying a Timeshare By Owner

When buying a timeshare, you are actually purchasing a resort timeshare property or the time ownership of that property. You generally get the same benefits as if you were to buy direct from the resort itself. Once you become an owner, you will most likely will have maintenance fees.

Renting a Timeshare

Renting a timeshare is the same as buying or selling, except it's not permanent. Timeshare renters need to find an owner willing to offer their property or week. The owner renting out their timeshare is usually unable or chooses not to use their time. In some cases, the owner wants to recover the maintenance fee they paid the resort. The concept of a timeshare owner renting out their week to a family or individuals going on vacation benefits both parties. The owner generates a little cash and the rentee saves lots of money.

Legal Services

Our law firm is capable of handling many of your timeshare legal needs, to include the closing of timeshare purchase or sales, timeshare foreclosures, contract cancellations (in certain cases) and general timeshare legal advice.

To learn more about specific terms or get answers to your timeshare questions, please use our "Contact Us" link to send us an email message or call us at (843)449-3411.

Client Testimonials

- 3-17-17: "You're the BEST!!!!"

- 2-23-17: "5 Stars for outstanding customer service!!"

- 9-21-16: "Thank you for the update! Your firm is very lucky to have such a caring professional working for them!"

- 8-18-16: "Your the best!!!! Thanks again for all your hard work!!!! You have gotten so much done for me!!!"

- 5-26-16: "Please accept our thanks for helping with the transfer of the deed. Your process worked exceedingly well."

- 4-6-16: "Thank you so much for all your help in this matter. You did an excellent job and we appreciate all your hard work."

- 11-10-15: "Thank you for your excellent and prompt work."

- 10-20-15: "Thanks!!!! You’re the BOMB.com Have a good day!!!!"

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  • Meet Attorney

    Luther O.
    McCutchen, III

    Luther O. McCutchen, III, one of the firm's founding principals, has been practicing law since the 1970s. He has extensive experience representing homeowners and property owners associations. He is also involved in multiple other facets of the firm's civil litigation and personal injury practice.

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    Patrick W.
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    In 1989, Patrick W. Mumford and Luther McCutchen formed McCutchen & Mumford, P.A., the beginning of our firm. Wayne's law practice is concentrated in real estate, business law, and timeshare. He also is an active speaker, having written and taught nine courses, and authored two books.

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    Gene Palmer
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    Norton Brown
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    In 1999, he was invited to join the firm, then titled McCutchen, Mumford and Vaught. He was hired to open the North Myrtle Beach office concentrating in residential and commercial real estate. He has developed a large residential practice with emphasis on development and commercial real estate.

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    Gregory J.
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    Greg received his Juris Doctorate from the University of Missouri-Kansas City School of Law in 1986. Prior to joining the Firm, he worked in the trust industry with extensive experience in Trust and Estate Law. He currently has a real estate practice with an additional emphasis in wills and probate.

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    Luther O. "Mac"
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    Mac began at McCutchen, Mumford, Vaught & Geddie, P.A. in 2012. He maintains a civil litigation, criminal defense and personal injury practice. He is active in the community, is member of the Horry & South Carolina Bar Association, Young Lawyers Division and gsSCENE Young Professionals.

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    MARGARET
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    Practicing law since 1997. She has been representing parties in divorce cases, custody actions and is a certified family court mediator.

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