All About Timeshare

Understanding fractional ownership. Owning a timeshare property is much like owning a townhome or condo, except that your ownership is limited to a specific time period during the year. A timeshare has a deed and a property description just like any other real estate. It is recorded in the county courthouse just like other real estate, and it requires property tax, insurance, a title, title insurance, and a formal closing like other property. The one difference is that the property description will have a time element included. That is key since if you don't like the time slot, you essentially have to sell your unit and buy a new one to get a different time slot. Two more rules that apply to real estate may be important here. First, understand that nothing that the salesperson tells you is binding since in real estate, the only thing that matters is what is in writing. Second, since these purchases are legally recorded, they are very difficult to undo. Step #2 Red, blue, and white

Some people see them as the chance of a lifetim¬e, ¬an opportunity to own a piece of a beautiful resort where they c¬an have a dream vacation every y¬ear. Others think they're shady deals to be avoided at all costs. And lots of people sit through the sales pitch just to get the free gifts. Most of us have either been approached by someone with an offer to buy a timeshare, or we know someone who has. Although they have a reputation as scams, most timeshare deals are genuine, legitimate real-estate offerings. However, that doesn't necessarily mean they're a good idea for everyone. Usually, when you think about buying real estate, you envision an entire piece of property that you own by yourself. You can use it whenever you want and do whatever you want with it. A timeshare is a different kind of real-estate purchase. Instead of paying full price for the property and owning it yourself, you pay a share of the price. This share allows you to use the property for a certain peri

Considering the average hotel unit cost per day for a consumer is likely to grow at 4% annually between 2006 and 2015, timeshares may look like good bargains. But with escalating costs of travel, food and local sightseeing, and Indians planning to increase their travel spend by 17% in 2015 for a holiday, is buying a membership to a vacation rental with a lot of fine print to read into, a good deal after all? If only saying #ChaloNiklo for a weekend trip with friends or an annual family vacation was as easy as it looks in the cab company advert! The holiday season with the Dusshera, Diwali and Christmas season is almost here and is dotted with long weekends that coincide with school vacations. Although the whole idea of booking tickets, making online reservations at hotels etc along with the exorbitant costs looks daunting, the Indian traveler seems to be surging ahead. A research done by UK-based global travel search engine Skyscanner in 2015 revealed that Indian travelers are at the

The thought of owning a vacation home may sound appealing, but the year-round responsibility — and expense — that come with it may not. Buying a timeshare or vacation plan may be an alternative. If you're thinking about opting for a timeshare or vacation plan, the Federal Trade Commission (FTC), the nation’s consumer protection agency, says it’s a good idea to do some homework. If you’re not careful, you could end up having a hard time selling your timeshare. • The Basics of Buying a Timeshare • Before You Buy a Timeshare • Timeshare Exchange Systems • Selling a Timeshare Through a Reseller The Basics of Buying a Timeshare Two basic vacation ownership options are available: timeshares and vacation interval plans. The value of these options is in their use as vacation destinations, not as investments. Because so many timeshares and vacation interval plans are available, the resale value of yours is likely to be a good deal lower than what you paid. Both a timeshare and a vacation i

Making a vacation can be a complicated and expensive undertaking for any individual, couple or family. Many people choose to rent a room at a hotel or buy a vacation home as a summer residence. Timeshares offer an alternative to these traditional vacation options, but timeshare ownership isn't right for everyone. Definition A timeshare is a vacation property with shared ownership. A management company handles the construction and sells shares, which entitle buyers to spend a specified amount of time (usually one week per year) at the property. Some timeshares are large complexes with dozens of living units, while others resemble a single family home and are only large enough for one owner to occupy at a time. Most timeshares are located in popular resort areas where vacation property is in high demand. Ownership Owning a timeshare is not the same as owning vacation property outright. Owners don't have the right to make changes or improvements to the property directly. Instead,

Have you been invited to attend a timeshare presentation? Perhaps you’ve been offered a steal of a vacation deal – the only catch is that you have to attend a mandatory timeshare meeting. Buying is optional, of course. The timeshare company just requires a little bit of your time. Sounds great, right? Timeshares are arrangements whereby people own the right to use a shared property for a designated period of time, usually one or two weeks per year. In some cases, the timeshare owner can trade the use of his or her property for the use of another location in another vacation destination. Because of the high initial cost of purchasing a timeshare, in addition to the monthly fees, many people consider timeshares to be a bad investment. However, timeshare companies offer enticing promotions designed to get potential buyers to take a look at what they have to offer. And whether or not you’re seriously considering buying, taking advantage of these promotions can make sense – in certain circ