All About Timeshare

Timeshares – vacation properties that are owned by numerous people and available for a specific time frame each year – have long been saddled with a bad reputation due to unscrupulous companies in the industry. But with the timeshare market seeing eight consecutive years of growth, according to 2018 survey findings released by the American Resort Development Association, you may be wondering if becoming an owner is a smart idea. The answer depends on what you're looking for. After all, timeshares have plenty of pros and cons. While often considered an investment, timeshares generally do not yield a high value and are most beneficial for those looking to vacation in the same place year after year. Before becoming an owner, you'll also want to factor in associated fees in the decision-making process. So, if you've ever thought of buying a timeshare, here's what to consider. Familiarize yourself with different types of timeshares. Not all timeshares are alike. Some offer

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