Timeshares FAQ

Even though timeshares are not a new concept, there are much nuances and misunderstandings about it. Here are some of the most frequently asked questions people ask:

1.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.

2. Is it possible to rent your timeshare to other people?

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.

3. What is a fixed week and a 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.

4. Will I have to pay any upfront fees if I buy or sell my timeshare through a broker?

The answer is a strict no. Experts say never every pay an upfront fee to buy or sell or rent timeshare. Like any other industry, this one is also prone to many scammers and frauds. There have been instances where people paid huge upfront fee and got nothing in return.

Just keep your eyes open while buying a timeshare, and your dream vacation will be perfect.

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