Timeshare Properties for Sale
Various hotels in the Cayman Islands offer timeshare ownership and these include: the Wyndham Reef Resort, Morritt’s Tortuga Club, and Morritt’s Grand Resort. A timeshare is a type of vacation property allowing individuals to purchase an increment of time (usually one full week) at a luxury resort.
Amenities are similar to home vacation rentals in that they offer full kitchens, living rooms, separate bedrooms, washer/dryers and dishwashers. The pros to buying a timeshare property, as opposed to a vacation home, is that you also receive all the benefits a 5 star accommodation delivers such as pools, bars, restaurants, concierge services, and prime beach front locations.
You also don’t need to purchase homeowner’s insurance or pay taxes and you are only responsible for a nominal maintenance fee once a year to help the resort’s upkeep. It used to be that you could only buy these properties directly from the resort, however over the years, for-sale-by-owner companies have popped up offering prices for far less.
One of the more popular and respected companies, SellMyTimeshareNow, offers timeshares at 70% off resort pricing.
They have also partnered with TimeshareClosingServices.com, so purchasing a property is simple and smooth and typically takes around 30 days after receipt of all necessary documents.