Becoming familiar with the timeshare concepts and the language that is used will ensure that you make the right decision. Click on the links below for a thorough look at the basics. BuyATimeshare.com has organized several terms and questions into user-friendly explanations. Find everything you need to know about using a timeshare.
Research is important when considering a timeshare purchase. And we are here to provide you with the necessary information to get you on your way to enjoying your vacation. Read on to becoming well-versed in the terms of the timeshare industry. Especially if you are not sure about what kind of vacation package you want. Find out the major differences between a vacation club and a points program. Learn about exchange companies and how you can trade your time. Even experienced owners will find useful information about their timeshare. While the resale industry may seem overwhelming, becoming familiar with the terms and the uses of a timeshare will help you get the most out of your vacation dollar.
If you want to make sure that you and your family are able to reap the benefits of a vacation ownership, click on the links below and learn about timesharing. Find out why the season is so important when buying, or what is required after you buy. Don't be caught by surprise, read on and study these timeshare concepts. If you don't find what you're looking for here, please feel free to call 800-002-0296 or 800-640-6886 or click on the Live Chat icon to instantly contact one of our knowledgeable customer service representatives.
- What is a Timeshare? A timeshare is when a group of people buy into a resort for a specific time period, usually in weekly intervals. The most common types of Timeshare are condominium or hotel-style developments.
- Timeshare Intervals?
- Annual or Bi-Annual? Most Timeshares are also sold in Annual or Biennial usage. What does this mean to you? Annual means you will get to use the resort each year on the week you purchased. Biennial means you get the resort every other year. You will also hear the terms odd or even years.
- Recurring Costs After the initial purchase price, timeshare owners are required pay an annual maintenance fee.
- Retail or Resale Market? Most first time buyers to the Timeshare market purchase their ownership directly from the resort on the retail market, and will typically pay a higher price. These resorts often use high-pressure and deceptive sales tactics when selling timeshares, and will make many promises to the buyer about what they can expect from the ownership of their timeshare.
- Types of Timeshare Properties Timeshares are usually sold in weeks either yearly or every other year. There are many different programs that dictate how you can use your timeshare. We are going to discuss these topics. Fixed weeks, floating weeks, rotating weeks, deeded and right to use, we'll help you make the informed decisions.
- Major differences between Deeded and Right to use The biggest difference between Deeded and Right to use is the ownership of the property. Deeded means you physically own a fraction of the property.
- Vacation Clubs A Vacation Club is a membership within a timeshare or a resort developer. Membership in a vacation club allows the owner the right to stay at a resort in the developer's inventory.
- Points Programs Instead of selling timeshare interests by the week, many developers will opt for points that can be exchanged for time at a resort. One of the main benefits of a points-based system is that an owner can vacation more than once a year, while paying a single maintenance fee
- Exchanging and what it is One feature associated with timesharing is the ability to exchange your vacation property with someone else's. This allows you to obtain vacation accommodations in locations throughout the world. There are typically 3 ways you can exchange your timeshare.
- Resort Seasons When buying a timeshare it is important to consider which season you are buying. Most timeshare resorts have times of the year, which are higher in demand than others.
- Timeshare Closing Cost
