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Naming timeshare property or giving the specific property a color is a common procedure for floating time developers when owners make reservations. These names or colors are NOT the same as the “Exchange Company” colors that are given to “seasons pertaining to exchanging.” The colors pertain to what month's reservations can be made. Example: reserving a prime summer month could be "Platinum", and the mid-demand months could be "Gold" and the low demand months "Silver." There are numerous ways developers have split up and named the time of year, but it all comes down to what is available for owners to make reservations! Make sure you got answer to these types of questions before buying into a floating time resort, because the value differs significantly between high, medium and low seasons for floating time ownership.
|Sheri Ann Richerson|