TIMESHARES QUESTIONS ANSWERS
This page is a list of the most commonly asked questions that timeshare owners have about timeshares and the timesharing concept. TUG has been around for nearly 30 years and while we have not seen or heard it all, the experience gleaned from the tens of thousands of owners and experts who make TUG the great community it is never cease to provide information for all owners seeking help!
TIMESHARES QUESTIONS ANSWERS
I cannot stress enough how many people fall for these scams, as they are EXTREMELY convincing. I can only hope that more people find TUG or this article before being ripped off. If you still have questions or concerns, post your question here on our free Timeshare owner forums and get direct help! We also provide a handy "Scammer checklist" for owners to use when dealing with an individual or company, it provides a detailed list of all the red flags an owner can encounter when selling or renting a Timeshare, and thus can easily determine if the other party is a scammer! Red flags to Identify a Timeshare scam!View and discuss this article here on the free TUG Timeshare owner Discussion forums!
This company took my money in may 2020 guaranteed me they could get me out of my timeshare contract or my money back. I have not heard from this company since July 2021. Now I am not able to leave a voicemail and no one answers the phone or returns emails.
You don't get a legal interest in real property if you purchase a right-to-use timeshare interest. Instead, as you might expect, you're buying the right to use the property. Right-to-use timeshares often expire after a certain number of years, like 20 or 99 years, and at the end of this time, your right to use the timeshare ends.
Week-based system. In a week-based system, the timeshares (both deeded and right to use) are sold in one-week intervals, typically numbered 1 to 52 (because there are 52 weeks in a year). You can purchase as many weeks as you want, which are fixed, floating, or rotating.
Point-based system. Deeded and right-to-use timeshares are also sometimes point-based. A points-based timeshare generally appeals to purchasers interested in staying at the main property and other places. With a deeded points-based timeshare, you get an ownership interest at one location, commonly called your "home resort," and you get a deed to that property. Your interest in the property is also worth a certain amount of points each year, which you may use to visit your home resort or a different resort associated with the same development. The number of different locations you can choose from varies widely among timeshare developments.
When you think about timeshares, it might conjure up the image of a shifty, fast-talking salesperson that pressures you relentlessly to make a purchase. But maybe you're willing to put up with the presentation to get a free night at a hotel or another prize.
Keep in mind, though, that many people who attend timeshare sales presentations walk out as timeshare owners whether they planned on buying one or not. To stop this from happening to you, go into the presentation fully informed about how timeshares work so that you can make a rational decision about whether or not to purchase a timeshare.
Unfortunately, if you get roped into buying a timeshare and your cancellation period has already expired, you'll probably have trouble unloading it. There's virtually no resale market for timeshares, and finding a buyer can be next to impossible. This is where the scammers come in.
In a common scam scenario, a timeshare reseller promises to set you up with a buyer, but first, you must pay an upfront fee. Timeshare scammers often convince owners to pay large upfront fees by saying they have someone ready and willing to buy the property or that the timeshares would be sold in a specified period of time. Once the timeshare owner pays the fees, the scammers either disappear or claim that they were simply offering to advertise the timeshare unit, and no buyer ever materializes.
If you decide to pay a fee to a timeshare resale service to help you sell your timeshare (even though you probably shouldn't), investigate it thoroughly before moving forward with the deal. Ask lots of questions and verify everything the company tells you.
This is one of the most commonly asked questions in RCI Membership groups. And the answer given by veteran timeshare owners and travelers is that it depends. It depends on how much you use RCI and what type of traveler you are.
As with the terms timeshare and fractional ownership, application of the term private residence club or PRC is inconsistent among developers and salespeople and this inconsistency makes it difficult to generalize about the characteristics of the offerings marketed as residence clubs. But it would be fair to say that most residence clubs have the following characteristics: (i) they involve multi-unit properties or resorts, but the properties generally have fewer units compared with developments characterized as timeshares; (ii) the ratio of owners to units is generally 6-8 owners per unit; (iii) each owner is either on title to a particular home or a member of a single purpose entity that holds title to only one home; (iv) although ownership is individuated (in the sense that each owner holds ownership of a particular home), usage is non-individuated (meaning that, during any particular stay, the owner will not necessarily be using the unit he/she owns); (iv) the level of owner autonomy and control is relatively low; (v) the level of amenities and services is high; and (vi) the acquisition cost and annual dues are high.
Residence clubs fall within the legal definition of timeshares but, as the above summary shows, generally have different characteristics from projects marketed as timeshares (e.g. fewer owners per unit, more amenities and services, and higher costs). Residence club characteristics also differ from those of projects typically marketed as fractional ownership (e.g. multiple units, resort-like amenities and services, less owner autonomy and control, higher acquisition costs and annual dues).
If you instead decide to seek out a fractional ownership opportunity in the marketplace, it is important to look beyond the marketing characterization (i.e. timeshare versus fractional ownership versus residence club, etc.) and focus on the actual characteristics of the offering. Here are the key questions to ask about a fractional ownership arrangement:
I just stayed at Crown Paradise Club this past Spring Break. I loved it. I want to rent a timeshare from Golden Shores (the timeshare part of CPC) for next years Spring Break but I have some questions.
- Age requirements? Me and my friends are 18, most of us will be 19. Anyone know if that is to young to rent a time share, or too young to stay at GS/CPC? - All inclusive cost? Is there an all inclusive cost you pay CPC or is that included in the rent? If so anyone know how much it is or have a good estimate? - Golden Shores E-Mail? Anyone know what that is? I sent CPC an e-mail regarding my questions in early April and they said they forwarded it to GS, well I haven't gotten a reply and I cannot find the e-mail address to GS anywhere.
When you become an Owner in the Marriott Vacation Club Destinations Program, you receive an annual allotment of Club Points. Club Points can be used to book over 10,000 vacation experiences, including resort and hotel stays, cruises, guided tours, private luxury vacation homes and more. Not all timeshares work the same as the Marriott Vacation Club Destinations Program. Learn more about how the program works.
When you contact us, we will give you a clear, simple overview of our program, answer any of your questions and guide you through vacation options based on your preferences and needs. Find out more about how to get started.
Here we answer some of the most pressing questions about timeshare. At the same time, we consider how co-ownership, which allows you to own a share of your dream second home in your perfect getaway destination, offers something different.
As the saying goes, the first three rules of traditional real estate are location, location, location. But when it comes to timeshares, timeshare intervals come in a very close fourth. Find out what you need to know about intervals and how they affect your timeshare experience.
ARDA, or The American Resort Development Association, is a Washington, D.C. based association representing vacation ownership and resort development industries (a.k.a. timeshares). Your voluntary $3 donation will support the ARDA-ROC (Resort Owners Coalition) and allow it to protect the integrity of vacation ownership products. It will support the ROC that lobbies for policies and legislation that protects and enhances your ownership.
Florida is one of the most popular timeshare resort areas in the United States. Many Florida vacationers purchase timeshares to have a regular place to stay on each vacation. Because timeshare interests are property, they can be transferred just like other property interests. There are several reasons people transfer Florida timeshares: 041b061a72