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Vacation Ownership 101
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TIMESHARE BOOK REVIEW
Timeshare Properties are your opportunity to own a piece of Paradise without
being a millionaire or rob a bank. You can own a prime vacation unit in a house,
condominium, townhome, RV park, hotels, and many others...
If you've been looking for a way to own a little slice of heaven and are looking
into buying a timeshare, I urge you to do you due diligence before entering the
timeshare waters.
One way you can start to familiarize yourself with the timeshare world, is to
pick up a copy of: Timeshares For Dummies.
Tips from other About Guides
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Timeshare Freebies
Time-Share developers sometimes offer free lodging in exchange
for your attendance at a sales presentation. Sounds great, but
shouldn't you do a little background work before jumping in?
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Selling Your Timeshare
You no doubt want top dollar and a quick sale for your timeshare
transaction. For most sellers, those two events do not go
hand-in-hand. Tips to help you sell your property and avoid the
scam artists.
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Resort Condominiums International (RCI)
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ABOUT RCI
In 1974, RCI pioneered the concept of exchange vacations.
Since then, millions of timeshare owners have discovered that
an RCI membership really enhances the quality of vacation
ownership.
Today, RCI has more than three million members worldwide,
who enjoy dream vacations at RCI's 3,700 affiliated resorts.
These timeshare owners and resorts are a unique community of
travel enthusiasts with the common bond of a lifetime
commitment to quality vacations through timeshare.
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RCI is the world's expert in exchange vacations. An
exchange vacation allows members to discover new places and
enjoy the freedom of resort vacationing all over the world.
RCI is considered within the timeshare industry as the global
leader in exchange vacations. To learn more, open the
following links:
RCI Company Overview
RCI Milestones
How Timeshare Works
Why Own a Timeshare?
Purchasing a
Timeshare
Types of Timeshare
Ownerships
RCI Weeks Overview
RCI Points Overview
How Timeshare Works
Timeshare developers sell vacation ownership interests
typically in either one-week intervals or as packages of
points that can be used to reserve resort accommodations.
Members share in the occupancy rights of a development and
therefore pay an annual maintenance fee after the initial
purchase.
Find Out More About Disney Vacation Clubs Here
Why Own a Timeshare?
With vacation ownership, consumers have the opportunity to
purchase condominium-style accommodations at quality resorts
offering an array of amenities in popular domestic and
international destinations. Millions of owners have found
timeshare's spacious floor plans and home-like amenities very
attractive when compared with traditional hospitality
products.
Timeshare amenities rival those of top-rated resort
properties and may include children's activities, swimming
pools, tennis, Jacuzzi, golf and bicycles as well as spa and
exercise facilities. Other features may include boating,
skiing, restaurants and equestrian facilities on-site or
nearby.
When purchasing a timeshare, buyers may pay cash, use a
credit card or use the loan services of a finance company. The
cost of a timeshare depends largely on location, the unit size
and season. Today the average timeshare sells for
approximately $12,000-$14,000.
Types of Timeshare Ownerships
Today's timeshare industry offers numerous purchase options
to meet consumers' desire for vacation variety and
flexibility, the most common:
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RCI Company Overview
Resort Condominiums International (RCI) is a leading global
provider of innovative products and services to the global
travel and leisure industry.
Founded in 1974 as an exchange service for condominium
owners, RCI quickly became a driving force for growth within
timeshare, and has been at the forefront of the vacation
ownership industry ever since.
RCI provides its subscribing membership of more than three
million timeshare owners worldwide with quality exchange
vacation experiences at more than 3,700 resorts in 101
countries through its week-for-week (RCI Weeks)
and points-based (RCI Points®) timeshare
exchange networks. RCI is consistently the global leader in
membership, resort affiliations, and exchanges, confirming
almost twice the number of vacations as its nearest
competitor.
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The company also operates several additional services:
The Registry Collection: An
international service provider to the luxury leisure travel
segment with core competencies in travel networks, concierge
service, proprietary technology and quality assurance.
Private Label Clubs: RCI has
developed and supports many of the world's leading vacation
ownership clubs, providing back-office support, high-impact
marketing assistance, and branding. RCI's vacation club
services feature RCI Points or RCI
Weeks exchange services, private-labeled to
exclusively present the brand identity of an affiliate to
create a club, or modify an existing one.
NorthCourse: Specializing in
providing consulting services to leisure real estate
developers, hospitality companies and tourism investors in the
areas of market analysis, feasibility studies, business
modeling, product design and quality assurance for Shared
Ownership developments.
Hotel Dynamics:
A
hospitality services company specializing in the design,
evaluation, implementation and management of tailored local
marketing programs for the hospitality industry. Today, Hotel
Dynamics' operates in Africa, Australia, Asia, Europe, Mexico,
the Middle East and South America.
RCI (www.RCI.com)
is a subsidiary of Cendant Corporation (NYSE: CD), a global
provider of travel and residential real estate services.
Add Your Timeshare Listings Free
RCI Affiliate Resorts
A global listing of countries with RCI affiliated resorts
and RCI offices
TSBO is a U.S.
Trademarked Term. Use without permission is
unlawful. |
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Timeshares By Owner
Timeshare Listings by Owner offers you the
unique opportunity to browse our free listings for timeshare listings
posted by owners, read the online forum and articles about timeshare
property and vacation ownership, and now, to even read our monthly updated
Timeshare Blogs. To add you name to our mail list and to be
notified when new Blogs are available; email us here.
Timeshare Vacation
ownership offer a unique opportunity to anyone from just about any
economic walk of life to own a vacation home in upscale resorts that would
normally not be affordable to them.
If you've been looking into buying a second home, or vacation villa, and
have found that it just isn't possible due to the carrying costs of owning
a second, even when you factor in the possibility of renting it out.
Or, you just don't want the risk of maybe
renting it out, and then having to carry the expenses when you don't...
then vacation ownership of a timeshare just may be right for you.
Considering
Timeshare?
Vacation Ownership Terminology
Alternate Year Ownership - allows use of ownership
product every other year. Costs less than annual ownership at
comparable resorts.
Assessment - a share of funds required for payment of
common expenses.
Bi-annual Ownership - allows use of ownership product
every other year. Costs less than annual ownership at comparable
resorts.
Fixed Time - unit is purchased for a specific week
during the year.
Fixed-unit, Fixed-week Deeded Agreement - purchaser
receives a deed allowing the use of a specific unit at a
particular time every year, forever. Benefits may include tax
advantages of ownership - right to rent, sell, exchange, or
bequeath.
Floating Time - owner must reserve use in advance on
usually a first-come, first-served basis. Price differences are
often based on demand within each season.
Fractional Ownership - owners purchase a large share of
a vacation unit, usually from five to 26 weeks.
Grace Period - a period of time, mandated by the state,
to allow consumers to consider their purchase and give them the
option of canceling with a full refund.
"Lock-off" or "Lock-out" Units - allows owners to
occupy a portion of the unit and offer the remaining space for
rent or exchange.
Points-based Programs - owner purchases points
representing either a travel and use membership or a deeded real
estate product. Points are used like currency to access various
accommodations. Points are valued according to unit size, season,
resort location, and amenities.
Private Residence Clubs (PRC) - fractional real estate
interests presented through the club format. Exclusive with high
levels of service and amenities for the elite.
Right-to-use Plan - ownership remains with the
developer.
Split Weeks - consumers who prefer shorter vacations
may split the use of the interval into two separate visits at two
different times of the year.
Vacation Club - Points based providing flexible use of
accommodations in multiple resort locations.
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