Tag Archives: timeshare questions

Timeshares

What are timeshares? How do you use them? How much do they cost? Should I purchase a timeshare? These are some of the questions consumers are asking themselves everyday when they see a discount vacation being offered with a 90-minute timeshare presentation included with the trip.

“What are timeshares?” Wikipedia defines a timeshare as follows:” A timeshare is a property with a particular form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week, and almost always the same time every year) in which they may use the property. Units may be on a partial ownership, lease, or “right to use” basis, in which the sharer holds no claim to ownership of the property.”

“How to use a timeshare?” There is no easy answer to this question. Timeshares have evolved in the past ten years and there are many types of ownerships. There are every year timeshares, every other year, and even tri-annual usage. You have exchange companies that you can use if you are a member (for additional fees of course) and then there are points programs, weekend programs, and clubs.

“How much do timeshares cost?” This is another question that has a great number of variables. Some of the clubs cost just a few thousand dollars and timeshare that are hundreds of thousands of dollars for multiple week programs.

The last but most important question is: “Should I purchase a timeshare?” This is the easiest answer of them all…ABSOLUTELY NOT!! You can find discount vacation packages that will allow you to travel for a fraction of the cost of owning a timeshare. Plus you will be able to travel when and where you want, to popular destinations, which you will find difficult to do with a timeshare. For instance if you own a timeshare and want to exchange it to go to NYC, there is only one property there and it is never available, but you can get online and get hundreds of accommodations all over the city for inexpensive rates. This is just one of many examples of the downside of owning a timeshare. The answers to these questions and many others can be found on timeshare-answes.com or call Timeshare-Answers toll free 888-722-2648.

What is a timeshare?

What is a timeshare? Wikipedia defines a timeshare as follows:” A timeshare is a property with a particular form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week, and almost always the same time every year) in which they may use the property. Units may be on a partial ownership, lease, or “right to use” basis, in which the sharer holds no claim to ownership of the property.”

This simple definition has evolved in the past ten years. Timeshares are very complex not very easy to use. They can consist of fixed week programs that have every year or every other year usage. There are also timeshares that are based on a points program that are replenished annually or bi-annually. Some can even be a 3-day weekend program at a resort on a tri-annual basis. In recent years new programs called vacation clubs have surfaced, which is supposed to provide discount vacation clubs where you are guaranteed a travel week every year for a set price.

The bottom line is, if money can be made from selling any kind of vacation program, they have done it. For the average consumer this simply means a very expensive and complicated endeavor that 8 out of 10 times, is sold to consumers with high-pressure and fraudulent sales tactics.

Timeshare-Answers knows the ins and outs, pros and cons of the timeshare sale industry. If you have bought a timeshare and need help call Timeshare-Answers for a free consultation and let our experts help you today.