Articles

Many people still have questions about timeshares, even though they are not a new concept. Here are some of the most frequently asked questions people ask:

Is renting or purchasing a timeshare the desired option?

Buying a timeshare gives you many more choices. As an owner of the unit, you get the amenities and the overall cost is much less. Owners can get discounts on lodging, entertainment, food, travel and many other resort facilities. The average rental fee is much higher than the average maintenance fee and is also increasing every year. In addition to all the above benefits, a timeshare owner has equity in the property which can come to the advantage of the owner when he wants to sell it.

Can you rent your timeshare to somebody else?

Sure you can as long as you are the legal owner of that unit meaning you cannot rent out a timeshare that is received in exchange.

What are fixed week and floating week?

In fixed-week-timeshares, you are entitled to use your unit only at a specific week each year and are designated a specific unit. But in a floating week, you have the option of choosing from a range of weeks, but only on first-come, first-serve basis as many owners would like to do the same thing. The advantage of a fixed week is that your week is assured and also the unit you want. The floating week plans are advantageous to people who have scheduling conflicts with fixed week units.

Should I have to pay any upfront fees while buying/selling a timeshare through a broker?

The answer is no. According to the experts, you should never pay an upfront fee to buy, sell, or rent any timeshare. This industry is prone to scammers and frauds, just like any other industry. There have been times where people have paid a large upfront fee and received nothing in return.

When you are buying a timeshare, being diligent will allow you to find and travel to your dream vacation destination.