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How To Buy Timeshare Vacation

You've probably heard about timeshare properties. In fact, you've probably heard something negative about them. But is owning a timeshare really something to avoid? That's hard to say, until you know what one really is. This article will review the basic concept of owning a timeshare, how your ownership might be structured, and the benefits and drawbacks of owning one.

how to buy timeshare vacation

Legally speaking, a timeshare is a way for a number of people to share ownership of a property, usually a vacation property such as a condominium unit within a resort area. Each buyer usually purchases a certain period of time in a particular unit. Timeshares typically divide the property into one- to two-week periods. If a buyer desires a longer time period, purchasing several consecutive timeshares might be an option (if available).

Traditional timeshare properties typically sell a set week (or weeks) in a property. A buyer selects the dates he or she wants to spend there, and buys the right to use the property during those dates each year. Choosing a fixed date is especially appropriate if, for example, you always want to spend your birthday or a particularly holiday at the property.

Some timeshares also offer "flexible" or "floating" weeks. This arrangement is less rigid, and allows a buyer to choose a week or weeks without a set date, but within a certain time period (or season). The owner is then entitled to reserve a week each year at any time during that time period; subject to availability.

For example, a buyer might purchase a week during "high season," which entitles the buyer to reserve any week during the property's designated busy, popular season each year. Since the high season might stretch from December through March, this gives the owner a bit of vacation flexibility.

A major potential downside of buying a flexible timeshare is that, if you don't act quickly enough, you might find all the weeks that work for you reserved before you can get them. But if you need a bit of flexibility yourself, and can plan ahead, the flexible structure might still be best for you.

What kind of property interest you'll own if you buy a timeshare depends on the type of timeshare purchased. Timeshares are typically structured either as shared deeded ownership or shared leased ownership.

With shared deeded ownership, each timeshare owner is granted a percentage of the real property itself, correlating to the amount of time purchased. The owner receives a deed for a percentage of the unit, specifying when the owner can use the property.

This means that with deeded ownership, many deeds are issued for each property. For example, a condominium unit sold in one-week timeshare increments will have 52 total deeds when fully sold, one issued to each partial owner.

An important aspect of shared deeded ownership is that it normally comes with the right to sell or otherwise transfer your timeshare to another. But this feature also make them pricier than shared leased ownership, as discussed next.

If the timeshare is structured as shared leased ownership, the developer retains deeded title to the property, and each owner holds a leased interest in the property (similar to a rental tenant). Each lease agreement entitles the owner to use a particular property each year for a set week, or a "floating" week during a set of dates. Your interest in the property typically expires after a certain term of years, or at the latest, upon your death.

A leased ownership also typically places more restrictions on property transfers than a deeded ownership interest does. This means as an owner, you might be restricted from selling or otherwise transferring your timeshare to another. That's why a leased ownership interest can often be purchased at lower cost than a similar deeded timeshare.

To offer greater flexibility, many resort developments participate in exchange programs. These enable timeshare owners to trade time in their property for time in another participating property. For example, the owner of a week in January at a condominium unit in a beach resort might trade the property for a week in a condo at a ski resort this year, and for a week in a New York City accommodation the next.

If you don't have the full amount of the timeshare purchase price upfront, expect to pay high rates for financing the balance. Since timeshares rarely maintain their value, they won't qualify for financing at most banks.

If you do find a bank that agrees to finance the timeshare purchase, the interest rate is sure to be high. Alternative financing through the developer is typically available, but again, only at steep interest rates.

Although owning a timeshare means you won't need to throw your money at rental accommodations each year, timeshares are by no means expense-free after the initial purchase. A timeshare owner must also pay annual maintenance fees, which typically cover expenses for the upkeep of the property. These fees are due whether or not the owner uses the property.

You might recoup some of these ongoing expenses by renting your timeshare out during a year you don't use it (if the rules governing your particular property allow it). However, you might need to pay a portion of the rent to the rental agent, or pay additional fees (such as cleaning or booking fees).

Purchasing a timeshare as an investment is rarely a good idea. Since there are so many timeshares in the market, they rarely have good resale potential. Instead of appreciating, most timeshares depreciate in value once purchased. Many can be difficult to resell at all. Instead, you must consider the value in a timeshare as an investment in future vacations.

There are a variety of reasons why timeshares can work well as a vacation option. If you vacation at the same resort each year for the same one- to two-week period, a timeshare might be a great way to own a property you love without the high costs of owning your own home. (For details on the costs of resort home ownership see Buying a Home in a Resort Community: Pros and Cons.)

Additionally, some timeshares offer perks, such as the right to use fitness rooms and hot tubs. Some even offer on-site storage, allowing you to conveniently stash equipment such as your surfboard or snowboard, thus avoiding the hassle and expense of carting them back and forth.

And, the fact that you might not use the timeshare every year doesn't mean you can't enjoy owning it. Many owners enjoy periodically loaning out their weeks to friends or relatives. Some donate the timeshare weeks, as an auction item at a charity benefit, for example.

Have you ever said to yourself "I want to buy a timeshare" well at you can buy timeshares anywhere in the world in some cases less than 80% than the resort sells for? You can search our expansive databases to find the vacation property of your dreams. makes it easy to buy timeshares, sell timeshares, and provides all the information to make an educated decision to make the statement "I want to buy a timeshare" a reality.

At BuyATimeshare you can Search for a Timeshare to Buy or Rent at the top of our site, and you can search by city, resort or keyword. You can search any way you want, but we recommend having an idea of the location or resort that you would be interested in before searching. We have a list of the best timeshare companies that you can review to help make your decision. At BuyaTimeshare you can buy beach timeshares, timeshares in the mountains, lake timeshares, or any timeshare property you could dream of.

While starting the process you may want to research resorts that work for you. One suggestion would be to rent a timeshare before you buy, so you can get the feel of the resort before owning. When you search the database, just click on rent a vacation property, then click on search by city, or resort or area, after you select your search you will see the alphabet, make sure you click the letter that matches the first letter of the city, resort or area you are searching for. Then scroll down until you see the city, resort, or Area you are looking for. Make sure you select the week you would like, then select the number of bedrooms and bathroom you would wish to have. Before you click 'next' designate the usage you would like, we have Annual timeshares, biannual timeshares, even triennial timeshares. Once you've started the process you will see has an expansive inventory, including Marriott timeshare, and we are here to help you with any of your questions the could help.

Once you've started the process you will see has an expansive inventory, including Marriott timeshares, Disney timeshares, Wyndham timeshares, Hilton timeshares and more! We are here to help you with any of your questions, so reach out today!

Keep in mind that timeshares can be as different as the colors of the rainbow. Some timeshares in branded resorts such as Disney Vacation Club hold their resale value better than others at, for example, an older, single site resort. Factors such as resort location, size of a unit, season of ownership and location of the unit (think oceanfront vs pool view) can also impact the resale price.

Choosing a timeshare-specific resale website is the best way to begin the process to buy a timeshare. This gives you control over the process, as you search for the best available timeshare that meets your vacation needs and handle the negotiation yourself without the need to pay high sales commissions to agents.

The first thing you can do is narrow down your primary vacation goals before you begin searching to buy a timeshare. Is it the Disney theme parks you want to visit? A ski destination? A family-friendly beach location such as Myrtle Beach? Do you need a two-bedroom unit or will a one-bedroom configuration work? 041b061a72


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