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What is Timeshare Ownership?
What is Timeshare Ownership?
A developer will create a resort in a desirable location, with furnished, apartment style units and then sell the units by the week to individual buyers, each paying a share of the expenses, based on the size of the unit, and the seasonal demand for the purchased week. Timeshare ownership is like having your own vacation home, but paying only for the time you want to use it, while enjoying the amenities and services of a resort. It provides a lifetime of vacations at a fixed price! Resorts sell weeks (known as intervals) of the year in each unit, and timeshare owners may continue to return to their home resort or, in most cases, may exchange their time for a new experience in another destination. A timeshare has similar characteristics to owning a home. Timeshare is real estate that can be bought, sold, rented, or traded. Most US properties sell based on outright deeded ownership. Many international properties will offer a long-term lease, or “right to use” agreement. Timeshare ownership is changing the landscape of vacation travel. As consumers have recognized the many benefits of timeshare ownership, there has been tremendous growth in sales, with approximately five million families, worldwide, owning timeshare vacations today. Along with this growth has come increased sophistication and expanding options in accommodations, pricing, destinations, resort amenities, use plans, and exchange privileges. Countrywide Timeshare Sales is in the business of connecting timeshare buyers with timeshare owners who want to sell. It is a fact that a timeshare resale will cost you 20-30% less than buying from the resort itself as an original owner, and you still get all the benefits associated with the original ownership. Timeshare terminology and questions: please go to our FAQ page. |
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