Timeshare Council » fixed http://timesharecouncil.net Timeshare Information Sat, 25 Feb 2012 15:32:19 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 10 Things You Should Know About Timeshares http://timesharecouncil.net/purchasing/10-things-you-should-know-about-timeshares/ http://timesharecouncil.net/purchasing/10-things-you-should-know-about-timeshares/#comments Thu, 22 Sep 2011 03:28:34 +0000 Time Share Advisor http://timesharecouncil.net/?p=446
  • Understand the contract.
    It is easy to sign a timeshare contract, but it may be hard to get out of one. Make sure you understand all of the terms. When do you get to use the property? Do you get the same property every time? What is your yearly total cost of ownership? Are there set dues and fees? How much can the dues and/or fees increase each year? Who manages the property? Who do you contact with contract questions?
  • Walk away from high pressure sales.
    There are good timeshare deals, and there are timeshares deals that require high pressure sales. Walk away from a sales pitch if you feel pressured to make a decision on the spot. The last thing you want is buyer’s remorse after signing a binding contract. You should also research the company you are doing business with, or at the very least check their rating on the Better Business Bureau.  Walk out the door if the word free comes out of a sales persons mouth.
  • Location, location, location
    If you want to trade, you need a desirable location. You will probably not get the best trades with Vegas or Aspen in the summer.
  • Timeshares are not investments
    The stock market is for investments,  timeshares are for vacations. The value in a timeshare is the quality of your vacation. You should feel good about breaking even, should you decide to sell your timeshare.  You can rent some timeshares, but again, feel lucky if you break even.
  • Maintenance fees
    All timeshares have maintenance fees. You will pay an annual fee, even if you do not use the timeshare. Read the contract, and make sure you understand the terms of the maintenance fees.
  • Exchanges
    You may never tire of your timeshare if it is in a desirable location and time of year. You may have the option of exchanging your timeshare through a timeshare exchange broker should you want to explore other locations.
  • New or resale
    You can save a considerable amount of money by purchasing a timeshare from a previous owner, maybe even 50% or more.
  • Fixed week vs. floating week
    Fixed week means that you get the same week every year (IE: 4th of July).  Flex week means that you can claim a week within a range of weeks.
  • Taxes
    Any profit from the sale of your timeshare is taxable. Selling at a loss is typically not deductible.
  • Donating a timeshare
    You can donate your timeshare to a charity
    • ]]>     http://timesharecouncil.net/purchasing/10-things-you-should-know-about-timeshares/feed/ 0     What is the difference between fixed and floating weeks with time shares? http://timesharecouncil.net/faq/what-is-the-difference-between-fixed-and-floating-weeks-with-time-shares/ http://timesharecouncil.net/faq/what-is-the-difference-between-fixed-and-floating-weeks-with-time-shares/#comments Wed, 27 Jan 2010 02:14:18 +0000 Time Share Advisor http://timesharecouncil.net/?p=145 In a fixed week system, your occupancy right is guaranteed to be the same week inthe same unit every year. In a floating week system, you have the right to use a unit duringa specified season but you must contact the resort to reserve a specific week during thefloat period. The units are first come first serve, and may not be good for people who likeconsistency. If you usually vacation at the same time every year and are interested in returningto the same location frequently, a fixed week will suit you best. This way you know the week thetimeshare will be available to you and exactly what unit you will occupy.

    Buying a fixed week timeshare allows you the use of the unit for that specific week eachyear for as long as you own the property. The advantage of a fixed week is that you know whenyou’re going each year. This works well for people who must sign up for certain vacation dateswith their employer for example.

    If you choose to go a different time of the year, you may make your week “floating”by exchanging it for another week or for a different resort. Buying a floating week timeshareallows you to use the unit anytime during the year based upon its availability. Some timesharessell their ownerships by season. For example, you may have an option of purchasing a WinterSeason floating week or Summer Season floating week. In this case, the resort guarantees you aweek in the season, for which you purchased. The week you use, depends on when you book it.The advantage of a floating week is that you have the flexibility of booking different weeks each year.

    As you can see it is really a matter of personal taste. Take your time to think about whatkind of system you would be most comfortable in owning.

    ]]>     http://timesharecouncil.net/faq/what-is-the-difference-between-fixed-and-floating-weeks-with-time-shares/feed/ 0