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Staying In Timeshare Resorts Can Save You A Boatload Of Money
Timeshare Resorts For couples or partners that love to travel a lot, nothing compares to investing in a timeshare resort. It is a lot more cost effective than paying for expensive hotel room accommodation. All around the world you can find unbelievable timeshare properties which can all be accessed using diverse options. You will be able to find different timeshare resorts that require people who are interested to buy memberships in groups. This then allows them to have access to a particular time each year to use the property. The timeshare property can be a complete apartment, house, condo, duplex, ocean side villa or resort suite. You can get just about any type of timeshare...
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The Concepts And History Of Timeshare
The Concepts And History Of Timeshare The vacation ownership (Timesharing) industry can be traced back to its European origin in the 1960's. A ski resort in the French Alps know as "Superdevoluy" is the first know vacation ownership program in the world. The multiple ownership of individual weeks brought with it the guarantee of reservations for those who wanted to ski in the area. It was an immediate success. By the 1970's some faltering condominium projects in St. Thomas, Fort Lauderdale and Puerto Rico were converted over to vacation ownership and thereafter timesharing became a viable vacation alternative. Once the concept of vacation ownership was embraced by the ...
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Tips For Buying Timeshare
Want to enjoy an ideal vacation with your friends and family? Buy a timeshare property. Buying a timeshare for a vacation is the best way to enjoy a good holiday out with your family and friends. First things first, what is a timeshare? When you buy a timeshare, you get the right over a piece of property to live and spend time for a specific time period every year. You share the right over this accommodation with a few other buyers. This idea of group ownership is in fact the best means to enjoy the holidays outside with friends. You can obtain a timeshare over the property from a number of sources. If you are going to buy a timeshare, read the article below to get the...
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Would You Like To Timeshare?

Author: T Warner


Timeshares are a large part of the vacation travel industry. Travelers who cannot afford to own a home abroad, or who don't want the worries associated with exclusive ownership, often see timeshares as an affordable alternative.

However, unscrupulous salespeople, poorly maintained properties and unexpected hidden costs have brought a lot of bad publicity to the industry. A well-informed consumer can avoid the common pitfalls.

It is always risky to buy property sight unseen, but many people do this when they purchase timeshares. If you purchase in an area where you wish to vacation, you may be unpleasantly surprised when you arrive at your destination.

However, many timeshares are purchased with the intent of trading them for others in different locations, and in this case the location of the property is a bargaining chip, not the actual physical property. Timeshares in prime locations such as Hawaii are easier to trade than others.

Recently, big corporations such as Disney, Hilton, Marriott and Hyatt have entered the timeshare market, and their properties are of a uniform standard around the world. First, you should know that if you buy a new unit directly from a timeshare company, it may cost up to 60% more than if you purchased from the resale market.

Buying from a time-share company is more expensive primarily because of the company's marketing costs, which include free trips, meals and vacation activities for prospective buyers. Most customers of these timeshare companies buy on impulse, without any intent to purchase when they first walked into the timeshare seminar. Hard-sell tactics and "Buy-it-NOW-one-time-only-offers!!!" are the rule, and to avoid being pressured into a bad deal, the best tactic is to avoid these sales presentations altogether.

Try the resale market for better deals. Time-share resales are listed on many websites, on eBay and with independent time-share brokers. The search term "timeshare resale" produced approximately 500,000 results on Google, so there are plenty of services to choose from. If you buy directly from an individual, a resale broker or a lawyer can handle the closing for a charge of $300 to $500.

If you are buying a timeshare for the resale value, consider regular real estate instead. Timeshares do not increase in value in tandem with conventional real estate. From a strictly financial point of view, time shares are poor investments.

Most real estate increases in value, but this is not always the case with time-shares, especially those bought directly from timeshare companies. If you get a good deal on a resale timeshare in a prime location, it may increase somewhat in value. But usually time-shares are like cars -- they are commodities to be used, and are resold for less than the original purchase price. Don't think of timeshares as real estate; you are buying a vacation plan.

Also, unless you buy in a prime location, swapping them may not be easy. Timeshares are frequently sold on the claim that the buyer can trade a week in one place for a week at another location. This is only true if the location is in demand by other vacationers. Otherwise, expect to vacation in the original location each year.

To find out whether or not you will be happy with a timeshare, it may be a good idea to rent one for your next vacation. Many timeshare units are placed on the rental market by owners who couldn't get away to vacation at their alloted time, and these units often rent at bargain prices. Check the same websites that offer timeshare resales for available rentals.

There is a new "points" system being offered by some timeshare properties. Instead of getting a week each year, buyers purchase a set number of "points." These can be redeemed for a week's stay during the peak season, for longer periods during the off-season, or even spread over the year in two- or three- day segments.

Some large hotel companies such as the Marriott also offer a points systems whereby a stay at their hotel earn points in the company's time-share system. Points systems can be confusing, so be sure you have a clear understanding of the services you are buying. For instance, find out how much advance time is required to reserve a week at the resort during peak season, whether the points have an expiration date, and if it is possible to transfer the points to other facilities in the same resort chain. However, when it comes to vacation planning, the points system offers more flexibility because the buyer is not locked into the same week every year.

Most important, don't forget the annual maintenance fee. Time-share owners are responsible for paying a portion of the property's upkeep. These annual fees, including maintenance and real estate taxes, typically range from $300 to $700 per week of ownership.

In summary, timeshares can be a good buy if they offer some flexibility in terms of transferring to other locations and timing your vacation. The typical timeshare is a small condo with kitchen facilities and one or two bedrooms, ideal for a family vacation, and since such units rent for $150-200 per night, a timeshare purchase may be a cheaper way to travel. However, if you are a mobile traveller who likes to stay in a different town every night, a single person who doesn't need the extra space, or if you travel at unpredicatable times, then a time share may not be suitable.

About the author:

T Warner http://www.timeshares-now.info http://www.condo-cruise-ship.com and http://www.2qz.com/condo-cruise-ship



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If you like the article above, you may be interested in the following article which is also related to Timeshares...

Would You Like An Expensive Timeshare?
Timeshares over time have received a bad rap. When you go to Hawaii you can get 50 to 75% off the price of most activities by attending time share sales presentations. And then it becomes a number game, which the time share sales people know by heart. 1 in 100 attendees probably buys and has to pay for all the discounts given to the other 99 attendees and the salesman's commission. That's why it is not a good idea to buy a timeshare at these presentations. You can buy good timeshares at resale timeshare companies and there are quite a few available on the Web today. You can buy them at 50 to 30 cents on the dollar and even at those discounts you have to be very careful that you get value for your money. Because; You now have a fixed place to go to every year. If that turns you on, good for you. There is a yearly maintenance fee that can be fairly steep. You may be able to get similar accommodations in the same area at a hotel for the same amount as the maintenance costs for the timeshare WITHOUT BUYING A TIMESHARE. To make timeshares more palatable to the general public there are some new twists such as: A timeshare that you can only use one week every 2 years. That way the annual maintenance fee does not seem so high. And then there is the rotating timeshare so you're not bound to a specific time every year. But you don't find out how much of a hassle it is to get your desired week until you try to fill out the paperwork. How about the new "Destination Clubs"? At first, they seem like time shares, but the "club" says they're completely different. Most prices are sky high, up to $1,000,000 -- but there are clubs offering memberships from $4,000 to $20,000 a year. They say...
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