Timeshare—it started as a simple idea based on the assumption that people don’t need vacation lodging except for a week or two a year. Take a house, cabin, condominium, or villa, and divide ownership into 52 weeks (in practice it’s usually divided into 51 weeks with one week allowed for maintenance). It allows you to purchase the time spent as vacation lodging, and 1/51 of the ownership of the home. The number of systems in use for buying timeshares has grown tremendously in recent years, but three systems are commonly in use: fee simple, leasehold, and right-to-use (RTU). With fee simple you buy a portion of the property outright and own title to that portion. Under the leasehold system you own the property, but only for a specific length of time. With a right-to-use system, you don’t actually own the property, but are purchasing a right to use the property for a certain amount of time and for certain weeks of the year.

Since there are so many different options available to people, it helps to not only do your homework but also to figure out what’s truly important to you. If you know that you want to go back to the same place each year then the choice is clear. However if you want some variety, then think through what type of timeshare is right for you and go with the option with the most diversity. Timeshares can be an excellent way to travel and more importantly to ensure that no matter what is going on in your life at that given time, you are going to get away from it all and enjoy a wonderful vacation.

This short report will help guide you through some of the most frequently asked questions regarding timeshare ownership as well as the most important considerations and questions that surround purchasing a timeshare. There is a lot of misinformation out there surrounding the timeshare industry so we hope you will find this quick reference guide helpful in answering your questions and that you will be able to go on to fully experience the lifetime of vacationing enjoyment that timeshare ownership can provide.

Timeshare FAQ – 7 Common Questions. 5

Thinking of Buying a Timeshare? Use this Simple Checklist Before You Buy.

CREATE A LIST AND SHOP AROUND.

BE CLEAR ON YOUR INTENT FOR A TIMESHARE.

Exchange Companies.

REMEMBER THAT You will ALWAYS WANT A VACATION

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