It’s a legal contract and long-term financial decision that you should thoroughly understand and think through before buying. No matter what a salesman tells you, timeshare purchase deals will still be available after you get home, so take your time.
What Is a Timeshare Ownership? There are four different types.
A Fixed Week
This type of timeshare ownership means you have the right to use a particular room type a specific week every year. That’s why you’ll see people talk about their timeshare ownership as Week 1 or Week 52.
A Floating Week
A floating week timeshare means that you aren’t guaranteed the same week every year for vacation; you need to call the resort to reserve a room.
An Allotment of Point
Based on your purchase package, owners receive a set number of points a year that act as currency they can use to make resort reservations within their timeshare chain.
Fractional Ownership
The weeks rotate among the owners every year to keep things fair. So one in every four years, we get the coveted Christmas week, which either means a fantastic ski vacation or a big rental check!
What Is a Timeshare Resort? With 1,582 timeshare resorts in the U.S. totaling 206,380 units, there is more than one answer to the question “What is a Timeshare Resort?” While some people may think a timeshare is a small 1970’s resort past its prime, Disney’s Saratoga Springs, Waikiki’s Hilton Hawaiian Village, Marriott’s Ko Olina, Four Seasons Residence Club in California, and other brand name resorts are timeshares.
What Is a Timeshare Room Like? One of the differences between a hotel and a timeshare is the room itself. I love timeshare traveling because these resorts combine a condo’s space and conveniences with large chain resorts’ amenities and cleanliness standards. A one or two-bedroom condo inside a resort is the best of both worlds.
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