Q: What is Deeded Ownership? A: Deeded ownership: as with any other piece of real estate, the owner has the right to use or rent their owned time period, but also may give it, leave it to heirs or sell the period.
Q: What are maintenance fees? A: Maintenance fees are the timeshare owner's annual cost. The fees are used for the costs of upkeep of the resort and are shared by all the owners. Maintenance fees can vary from year to year and are approved on an annual basis by the Board of Directors.
Q: Are the maintenance fees tax deductible? A: In part, yes. The amount that is paid for property tax can be deductible just as with your home property tax. The current year's property tax amount per unit week is listed on the Documents page of the Owners Site.
Q: How will my Timeshare Week be rated if I wish to exchange my week? How do they rate the weeks - is it by color, such as Red, White or Blue Time? A: In 2011 RCI changed the value rating system of resorts and time periods. In the past, owners' weeks were categorized with the colors of Red, Blue and White. That is not longer done. Now RCI values each resort and each owner week at that resort with a number value. The better the resort the higher the value. The more in demand the week, the higher the value also. A GOLD CROWN resort receives a higher value.
Q: What is a Fixed or Float week? A: A fixed week of ownership is when the usage rights attach to a specific week of the year, every year. At The Pointe Resort and Club, weeks number 21 to 40 and weeks 51 to 53 are fixed time. A float week is when ownership is listed as float and the use rights of the owner are subject to the owner reserving a week (7 consecutive days) during any time other than fixed time.
Q: Do I pay higher or lower maintenance fees based on the time or year or whether my week is fixed or float? A: No, maintenance fees are the same, no matter what week you own. They are based on the unit size.
Q: What is RCI? A: RCI is short for Resort Condominium International, which is the world’s largest timeshare exchange company. RCI has over 6,400 worldwide resorts that are members.
Q: What is an RCI Gold Crown Resort? A: A Gold Crown resort is the very highest rating given by RCI. Only 10% of all the resorts receive this ranking. The rating is similar to Interval International’s “Five Star Resort”. Gold Crown Resorts have the highest trade power within the RCI network, meaning the owners of Gold Crown Resort timeshare will have more options when exchanging their property. The Pointe Resort and Club is a Gold Crown Resort and has been Gold Crown rated for 25 consecutive years.
Q: How is a Gold Crown Resort determined? A: To obtain the rating of Gold Crown resort, many requirements must be met and maintained. These requirements range from employees, amenities, cleanliness, services, size of condo, etc. RCI guests submit surveys after stays at RCI resorts to evaluate the facility for the rating.
Q: Are owners selling their timeshares at The Pointe Resort and Club? A: The Pointe Resort and Club is like any other condominium location in that re-sales do become available. There are many reasons why owners are wishing to sell their ownership. Some of the factors are changes in: family status, lifestyle, health, financial situation, and personal conditions.
Q: What timeshares are for sale at The Pointe Resort and Club? A: To receive an up-to-date list of weeks for sale, please contact the resort.
Q: What do I do when I decide to purchase a timeshare at The Pointe Resort and Club? A: Once you and the present owner have come to an agreement regarding price and any maintenance fee balance or restrictions, a deed transfer will need to be done. You can contact a title company or proceed with your own quick claim deed. After the proper transfer of sale money and the signed paperwork, the deed will need to be registered with the Oneida County Wisconsin Register of Deeds. Once the deed is registered in Oneida County, contact the Resort Manager for assistance and to schedule your stay.