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How Will Timeshare Work For Me – Holigood

HOW DO I GET STARTED?

By now you will have a clearer picture of what is Timeshare.  But the question is how will this benefit you.  The product have to suit you, not the other way around.

This will be your first step.  There are certain factors to consider before buying one.  We always suggest RENTING first and see if this is for you.  If you are ready to jump the wagon, here is how you start.

Fixed Week are a way of the past but works as good.  These are preferred by retirees as they have set destination every year at the same time.  They know timeshare makes more sense compared to buying property and maintaining it.  With the power of money and time, they usually buy high end resorts with popular weeks like 51 and 52.  These fixed weeks will cost a lot of money to attain and maintain.  Check ins are generally on Fridays, Saturdays or Sundays.
 
Floating Week gives flexibility.  This is more for younger generation who would like to travel but have limited time due to family and work.  Buying this allows them to use the unit anytime during the year based upon a resort’s availability.
 
Timeshare points can be confusing when you first try to understand them. Each timeshare company runs their own unique point system. This offer a way to accumulate ‘currency’ from year to year, allowing you the spending power to vacation at larger timeshares or more desirable locations than the timeshare you originally purchased.Often, points can also be used to purchase other travel services, such as airline tickets or cruises. It all depends on the company, and their options and restrictions on timeshare points.
You can always start small as you have the option to upgrade later when you need to.  Choose wisely as you wouldn’t want to be paying more than what you should.
 
The price of a timeshare is dependent upon a few different factorsIf you plan on buying weeks, consider that these are priced according to time of year, location, resort amenities, and size of the unit. Some resorts will only sell timeshare points, and are usually priced per-point. Timeshare resale costs much less than one purchased directly from the resort developer.

THE TIMESHARE BASICS

WHY ARE TIMESHARE RESALES LESS EXPENSIVE THAN BUYING FROM THE RESORT?

Over 50% of the cost associated with buying timeshares directly from a resort development company is related to the sales and marketing of the timeshare property. This means, when buying timeshare direct, you are usually charged an over-inflated price.

If you buy a resale timeshare, your only expense is that of the Fair Market Value of the timeshare property. As a timeshare resale buyer, not only will you enjoy the use of the timeshare unit, but you will also gain an average savings of 30–70% off the developer’s original asking price.

CAN I AFFORD TO BUY A TIMESHARE?

Before buying timeshare, take a moment to look at your finances and decide what you can afford. First you must determine how much you wish to pay for the initial purchase price.  Also remember, buying a timeshare resale will provide you with a much better value than buying from the resort.

Although most timeshares require you to pay an annual maintenance fee, it can be less expensive in the long run compared with paying hotel costs each year. Many timeshares require an annual maintenance fee of $500-$1,000, but that may cover the entire week for a two-bedroom condo. At a hotel, a similar suite could cost you at least $300 per night if not more.

 HOW DOES TIMESHARE EXCHANGE WORKS?

One of the best reasons to buy timeshares is the flexibility to exchange your week. As an owner, you can join a timeshare exchange company to trade your week with other timeshare owners. This flexibility means that you may return to your home resort year after year or trade for any of the thousands of affiliated resorts throughout the world. You can even alternate back and forth between the two options.

The most popular timeshare exchange companies are RCIInterval International and Dial an Exchange.

Some resorts may be dual affiliated, which means that you can be a member of two exchange companies at one time.  However, this would mean that you have to pay yearly fees to both companies.

TIME FOR SWEET BONUS

Short getaways are often offered by resorts and exchange companies for those unsold or un-exchanged weeks.  Instead of leaving the room empty, they will promote these at a very cheap rate.

RCI calls it BONUS WEEKS GETAWAYS.

Interval International calls it GETAWAYS and

DAE calls it BONUS WEEKS.