For many of us, there are many places that we’d love to vacation but due to cost, are out of reach. These include places like Hawaii, Florida, and many resorts on either side of the U.S. Consider too that luxury resorts are free to set their prices based on demand, and time of year, and you may wonder if you’ll ever get the chance to stay in a particular area. When I was growing up people would have vacation homes. However in this day and age due to building and land costs this is no longer an option. So, how do we secure a wonderful vacation year after year? After all for a truly luxurious vacation, you could be expected to pay thousands, which still might be ok if it is just you and/or your spouse. But when you add children to the equations, then again the costs may be prohibitive. One solution is timeshares.
Having said that, you might be reliving bad memories of long, hard sell type presentations. But, consider a couple of things: first, buying from the developer is not your only option if you’re interested in purchasing. There are many timeshare resales available; you just need to do some research. In fact, there are probably some rights in the property you may be looking at. Timeshare resales can be purchased in many cases for thousands of dollars less then developer prices. However, before you purchase you should do some homework and understand the different types of timeshares. This may be the one reason to stay till the end of the presentation. You just need to analyze things and not get swayed by hype.
Following are the different types of timeshares:
Deeded Ownership: This means that you in fact own the property much like your home. You can rent it, will it to your children or Sell it.
Lease Hold Interest: This means you own the property for a specific number of years. Many Mexico timeshares are Lease Hold.
Fractional Ownership: : Fractional ownership offers individuals the opportunity to buy partial ownership of a really nice place in a resort area. We’re talking chalets with walk-out skiing in the Rockies, oceanfront houses or condos, or island properties in the Caribbean and Europe, often with resort-style amenities including on-site restaurants, fitness clubs, golf courses and a concierge service. Floating Week: This type of ownership allows you to choose your week within your season of ownership. The arrangements usually divide the ownership into fourths, eighths, or 13ths, with each owner having an equal number of days a year to use the unit. The owners buy their shares from a management company, which handles maintenance and scheduling everyone’s time.
Points: With Points you own a specific number of points that allows you to use the points in a number of different way. For instance if you owned 7000 annual points at Hilton Hawaiian Village in Oahu, Hawaii you could use it to book a two bedroom unit for a week or use 4800 points to book a one bedroom unit and use the remaining 2200 points and stay in a studio and have two weeks’ vacation or use the remaining points on an other vacation.
Fixed Week: This means it is a specific week every year.
Floating Week: This means you can book any week within your season of ownership
Vacationing has been proven to be good for our health and gives us quality family time together. Timeshare should NEVER be purchased as a financial invenstment. Timeshare is an investment in quality vacations with you family and loved ones.
If you are interested in a timeshare consider a timeshare resale. You can save money by doing so and avoid the 90 min. hard sell sales presentations on the retail market.
Check out our timeshare resale listings at https://advantagevacation.com
Remember Smart People Buy Timeshares and Smarter People Buy Timeshare Resales!
This article was written by Syed Sarmad of Advantage Vacation Timeshare Resales
