What is a timeshare?

What is a timeshare? Wikipedia defines a timeshare as follows:” A timeshare is a property with a particular form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week, and almost always the same time every year) in which they may use the property. Units may be on a partial ownership, lease, or "right to use" basis, in which the sharer holds no claim to ownership of the property.”

This simple definition has evolved in the past ten years. Timeshares are very complex not very easy to use. They can consist of fixed week programs that have every year or every other year usage. There are also timeshares that are based on a points program that are replenished annually or bi-annually. Some can even be a 3-day weekend program at a resort on a tri-annual basis. In recent years new programs called vacation clubs have surfaced, which is supposed to provide discount vacation clubs where you are guaranteed a travel week every year for a set price.

The bottom line is, if money can be made from selling any kind of vacation program, they have done it. For the average consumer this simply means a very expensive and complicated endeavor that 8 out of 10 times, is sold to consumers with high-pressure and fraudulent sales tactics.

Timeshare-Answers knows the ins and outs, pros and cons of the timeshare sale industry. If you have bought a timeshare and need help call Timeshare-Answers for a free consultation and let our experts help you today.