{"id":204,"date":"2013-08-07T15:05:00","date_gmt":"2013-08-07T15:05:00","guid":{"rendered":"http:\/\/blog-1199783855.us-west-2.elb.amazonaws.com\/blog\/2013\/08\/07\/basic-q-a-about-timeshares\/"},"modified":"2013-08-07T15:05:00","modified_gmt":"2013-08-07T15:05:00","slug":"basic-q-about-timeshares","status":"publish","type":"post","link":"https:\/\/blog-origin.redweek.com\/blog\/2013\/08\/07\/basic-q-about-timeshares\/","title":{"rendered":"Basic Q & A About Timeshares"},"content":{"rendered":"
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When you start thinking about owning a timeshare, many questions are bound to come up. This is especially true if you are a newbie to the timeshare industry.<\/p>\n

To help you sort it all out, following are some basic questions and answers.<\/p>\n

1. Just exactly what is a timeshare? <\/b>Simply put, a timeshare is a group of people sharing the cost of vacation accommodations. You purchase either deeded property, the right-to-use, or points and share the time that you use the accommodations.<\/p>\n

Current terms that mean the same thing are “vacation ownership,” and “vacation club.”<\/p>\n

2. How do I know owning a timeshare is right for me?<\/b>A timeshare will work best if you take at least one vacation every year – or maybe you are looking for that thing that will basically force you to take a vacation.<\/p>\n

If you seldom take a vacation or are looking for real estate investment, timeshare is not for you.<\/p>\n

3. How is a timeshare good for a family vacation?<\/b> A timeshare offers a vacation accommodation that is roomier than a hotel room, providing separate bedrooms, common living areas, and a fully-equipped kitchen.<\/p>\n

Timeshares are also attached to resorts where you are able to take advantage of all of the activities and amenities offered by that resort, including children’s playgrounds.<\/p>\n

A timeshare is also good if you are a retiree looking to vacation where you can have privacy but also be able to join in activities such as golf and tennis.  <\/p>\n

4. After I buy my timeshare, what other costs are involved?<\/b>You now are a partial owner and as such must pay an annual maintenance fee that helps cover the cost of running the resort, including management, upkeep and improvements.<\/p>\n

You are also required to pay a percentage of the annual real estate property taxes.<\/p>\n

5. What if I’d like a change and want to vacation somewhere else?<\/b>The beauty of owning a timeshare is that it opens the entire world up to you. The timeshare exchange program allows you to trade your timeshare for another one either in the U.S., or internationally.<\/p>\n

6. What is the difference between buying a timeshare directly from the resort company and buying resale?<\/b>Although timeshares bought from a developer often come with incentives, including a year’s free membership in the resort’s exchange company, additional time at the resort, etc., the cost is also generally much higher to cover such things as sales commissions and advertising.<\/p>\n

Real bargains can be found through timeshare resales. Make sure that your resale purchase is done through an established and reputable company to ensure your customer protection and benefits. <\/p>\n

One of the best ways to determine if owning a timeshare is right for you is to take a vacation by renting a timeshare.  Timeshare rentals<\/a> can be found all around the world.<\/p>\n

Photo Credit: Hilton Hawaiian Village<\/p>\n","protected":false},"excerpt":{"rendered":"When you start thinking about owning a timeshare, many questions are bound to come up. This is especially true if you are a newbie to the timeshare industry. To help you sort it all out, following are some basic questions and answers. 1. Just exactly what is a timeshare? 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