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What is Timeshare?

What does timeshare mean?

  • I don't know what it is or how it works when you are invited to stay in one timeshare resort?what happens if you decide to go is everything really free?

  • Answer:

    From your followup questions, it sounds like you know a little bit about timeshares. The basic thought behind a timeshare is that a resort condo unit is divided up in time, so you have multiple owners who split the unit into specific weeks of use. So, the overall price per timeshare owner is going to be less than if you had a single buyer for the entire unit. It used to be that timeshares were purchased entirely by the week. Recently, more and more timeshares are using points where owners get an allocation of points per year. Those points can be redeemed for time in certain sized units...the larger and nicer units require more points. Points normally can be 'banked' and saved for later use. When you stay in a timeshare, the room/suite is paid for. But your food & entertainment are not included. So, bring money just like you would for any other vacation.

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Timeshare is a piece of vacation property that you pay for that you would usually get a week or so per year. Many timeshares also allow you to switch properties, so if you buy the share for example for a condo in Aruba for one week in September, you can opt out of that property and instead go to Florida, or California.. basically where ever else they have on available. A lot of people find it convenient!

Jack

If you really want to know how timeshares work or what it is go over to the website: http://www.tug2.net read Timeshare 101. There is so much to learn about timeshares before you venture in it. Many people get enticed to visit a resort for free gifts or free stays in return to going to a 90 min presentation. These sales weasels are very good in trying to get you to buy. If you do go to a presentation learn all you can, say NO then go home and look for the same thing on resale for lesser prices. Basically you purchase one week at a resort. It can be a fixed week, you use the same week every year. It can be a floating week, you can choose a week in your floating time that you have. It can be in a points system. There is also a maintenance fee that you must pay every year. If you do not pay it you are not allowed to use your week.

snookysnooks

It means you own/lease/rent a property along with others and you share use of it at certain predetermined times.

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