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What Is Timeshare?

 

 

 

In this section, we will try to give you an overview of what timeshare is all about and why millions of families have chosen timeshare as their primary way of vacationing!

Timesharing began in the late 60's or early 70's probably in France. As the story goes, four families decided to share a vacation home on the seashore and set it up so that each family had the use of the home for a specified period of time. All of the expenses were split among the families and timeshare was born!

It wasn't until the 1980's that timeshare really took off with the entrance of branded vacation companies such as Marriott, Hilton, Disney and many others. Timeshare has grown to encompass over 4,000 resorts in over 100 different countries with millions of owners.

Basically, timesharing is simply a way to own a vacation home by purchasing only the amount of time you actually vacation. For example, if you vacation two weeks a year, why buy the entire house if you can purchase only the two weeks you want? In addition, it offers a lot of flexibility if you decide you want to try and visit someplace different. You can take the week that you own and give it to an exchange company. You may now select another week at another resort based on the value of the week you deposited. The relative value of each week is determined by a number of different factors but, to give you a broad overview, the exchange companies rate demand by a color code. Red weeks have the highest demand. Blue or green weeks have the lowest demand and white or yellow weeks are in the middle.

Theoretically, if you have a blue week, you can only exchange for another blue week. If you have a red week, you can exchange for anything at all. You can trade for a week of equal or lesser demand to what you are depositing. It's more complicated than that in actuality but this approach is fairly accurate.

Even better, both of the major exchange companies have programs for exchanging at the last minute. Since they want to make as many exchanges as possible, they allow you to trade for any week that's available if you can vacation at the last minute. Basically, if you can make your exchange less than 60 days before the start of your vacation, you can take any week that's still available. This is one of the most popular features of timeshare. It allows an owner of a blue week to exchange for red time.

The other main reason for people to buy timeshare is to save money - and you can save thousands! In the simplest terms, let's say you rent a condo every year for your vacation and it costs you $1,000 for a week. If you buy a week for $10,000 and a maintenance fee of $400, you've got your investment back in savings after ten years and, after that, you're vacationing for just the cost of the maintenance fee every year. When you add in the fact that most weeks are deeded, your savings go on forever! You can pass it on to your kids and then they'll be vacationing for just the cost of the maintenance fee as well.

Finally, the typical timeshare unit is far better than staying in a hotel room! My wife has gotten so used to it, I don't think she'll ever stay in a hotel again. We always use timeshare.
If you have any questions we can answer for you about timeshare, give us a call at 508-428-9650 or email us with your question and we'll get right back to you. Thanks

 

 

 

 

 

 

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Contact Information : IVS Realty, PO Box 2847, Hyannis, MA 02601,
Telephone: 508-428-9650, Fax: 508-428-9652, Email: ivs@ivsrealty.com

 

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