Timeshares

In recent years, timesharing (also known as vacation ownership) has become one of the most popular ways to vacation, yet many travelers still don't know a lot about timeshares or how they work. If you are one of these individuals who would like to know what makes a timeshare vacation so different from any other vacation, you have arrived at the right web page. Click here to jump to our Timeshare Guide.

Are you interested in buying a timeshare for a lifetime of vacations? Or are you looking for a timeshare rental for your next getaway? Browse our extensive inventory below and see how you can get more out of a timeshare vacation.

contact a timeshare resale specialist

Our Privacy Guarantee We will never sell your personal information as stated in our Privacy Policy, and you agree that we may send you email communication regarding the services described on this website pursuant to the Terms of Use.

What is a
Timeshare?
How does timeshare
ownership work?
Timeshares vs. hotels –
is there a difference?
Is a timeshare a
cost-effective purchase?

What is a Timeshare?

A timeshare, in simplified terms, refers to an arrangement in which several joint owners have the right to use a vacation property during an allotted period of time (often the same week every year). Timeshares are most often specific units, condos, or villas located on at a specific “home” resort property.

When you own a vacation home, you are the sole owner of a physical property that you can visit at your leisure, 365 days a year, but you also pay for the full value of the home as well as the cost of year-round maintenance. With a timeshare, you own an allotted amount of “time” during which you have access to your resort accommodations, and the amount you pay for ownership and maintenance is proportionally less. For instance, you might own a two-bedroom timeshare at a Las Vegas resort for the first week of March that you can use every year. Because you own this timeshare unit, your vacation accommodations are guaranteed every year.

Timesharing works for many travelers, because you get the benefits of a high-end vacation home without the high cost of expenses and upkeep. Most timeshare ownership programs also now offer the option to exchange your timeshare for a vacation at a different resort in a different location—so you are not tied down to the same spot year after year.

How Do Timeshares Work?

In the last two decades, the definition of the term timeshare has expanded to include other forms of joint ownership of vacation properties (outside of the traditional week at a home resort), which is why the synonym "vacation ownership" may be a more apt explanation of the types of timeshares now available to new buyers.

It is important to understand how each type of timeshare works in order to make an educated decision when it comes to your purchase. In this section, we will review the types of ownership contracts, types of timeshare ownerships, and usage frequencies available.

Types of Timeshare Contracts


There are two different types of timeshare ownership contracts available for purchase: deeded and right to use.

Deeded Ownership


Deeded ownership is like traditional real estate ownership in the sense that once you purchase the timeshare, you own it for the rest of your life or until you sell it. At resorts that sell deeded timeshares, once all the units and weeks have been sold, an HOA typically controls the operations of the resort on behalf of all the individual owners. Deeded timeshares can also be rented, given away, bequeathed to heirs, or sold at the owner’s discretion.

Right-To-Use (RTU)


By contrast, right to use (RTU) ownership is a system in which you purchase the right to use a specific unit or week at a resort for a set period of time (often between 10 and 50 years). The expiration date for your ownership is written into your contract, at which time you are no longer legally responsible for the timeshare. With the right to use system, control of the resort never passes to an HOA or other management group; instead, it remains in the developer’s control.

Types of Timeshare Ownership


With both deeded and right to use contracts, there are a number of types of timeshare ownership you may encounter.

Fixed Week


Fixed week timeshares were the most common form of timeshare ownership prior to the start of the 21st century. Almost always deeded, in this model you own the same week every year at a specific “home” resort.

Fractionals


Fractionals are similar to fixed week timeshares, except that the usage rights of each owner are typically for larger blocks of time such as four to twelve weeks per year. Fractionals are also typically very high-end and, in some cases, may be standalone homes or condos rather than resort suites.

Floating Week


Floating week timeshares can be deeded or right to use. In this system, you own usage rights to a week—often still at a “home” resort—within a specific season of the year. Seasons are predefined as ranges of weeks (for instance, weeks 17-24) and vary from resort to resort. With a floating week, you contact your resort every year to secure any available week within your season, allowing for more flexible travel dates. With some ownerships, you may have a floating week during all weeks of the year (1-52) or you may have a floating week that can be redeemed at multiple resorts rather than just your “home” resort.

Points


Points are a newer form of timeshare ownership that were created in response to owners’ desire for more flexibility when booking vacations. Typically, an owner purchases an allotment of points within a vacation club (which is essentially a network of affiliated resorts). Points are a type of “vacation currency” which can then be used to book stays at any resort within the vacation club. Unit sizes and dates at each resort within the network are assigned a points value based on demand, giving owners the flexibility to book multiple shorter trips or a single longer stay, as well as choose a smaller or larger unit size based on their needs that year. Points-based timeshare ownerships also often offer the flexibility to roll over all or a portion of your unused points to the next calendar year.

Timeshare Usage Rights


With any of the above types of timeshare ownership, you can also typically choose the frequency with which you would like to enjoy the benefits. Keep in mind that the frequency of usage rights as timeshare owner will increase the cost of that ownership.

Annual Usage


Annual usage gives you the right to use your ownership benefits once every year.

Biannual Usage


Biannual usage gives you the right to use your ownership benefits twice per year.

Biennial Usage


Biennial usage gives you the right to use your ownership benefits every other year. (Biennial usage is either referred to as “even” or “odd” based on which years your usage rights fall into.)

Triennial Usage


Triennial usage gives you the right to use your ownership benefits once every three years. This is the least common usage frequency for timeshare ownership.

Timeshares vs. Hotels

There are many things that set a vacation timeshare resort apart from the average hotel, but the main difference is the quality of the actual rooms available.

Compared to traditional hotel rooms, vacation timeshares are far more deluxe and can range in size from studio units to suites with three or more bedrooms that can often sleep ten or more guests. Here is a head to head comparison of common features you will find in most hotel rooms and those you will find in most timeshares.

As you can see from the list, timesharing offers additional conveniences and comforts not available to travelers who stay exclusively in hotels. In addition to the in-suite amenities listed above, timeshare resorts also provide an extensive range of on-site activities and amenities. Many resorts offer championship golf courses, ski mountain access, equestrian centers, water complexes, world-class spas and even five-star restaurants.

Is Timeshare Ownership Cost-Effective?

The abbreviated answer is yes. But here are some of the main reasons that vacation timeshares are a savvy option for sophisticated but frugal travelers:

  • Timeshares only cost a fraction of what a vacation home or condo would cost outright.
  • Maintenance fees and incidental expenses are divided among multiple owners, keeping your costs down.
  • Your accommodations are prepaid, so inflation can’t impact your ability to vacation.

Want to know how to make timeshare ownership even more cost-effective?

As you may already know, timeshares are commonly purchased on the spot following a sales presentation at a timeshare resort. Less commonly known is the option to buy a timeshare from an individual owner on the secondary market.

There are benefits to both methods--by attending a timeshare presentation you get to experience the resort first hand before purchasing, but if you buy on the resale market, you’ll enjoy these additional benefits:

  • There’s no pressure to buy when you can search online from the comfort of your own home (timeshare sales presentations utilize notoriously aggressive sales tactics).
  • You can compare multiple resorts and/or destinations at the same time to determine what option and type of timeshare best fits your needs.
  • When you buy from a current owner through SellMyTimeshareNow.com, you can often save up to 70% off the retail value (the price at which the same ownership is sold by the resort).

Timeshare Vacations

from SellMyTimeshareNow.com

Stop throwing away your money on hotels and start actually enjoying your vacations - try a timeshare today.

Purchasing or renting through SellMyTimeshareNow.com makes timesharing even more economical and affordable with extremely discounted prices and the ability to negotiate directly with the owners of the properties to secure great deals. Our knowledgeable staff specializes in timeshares, so don't hesitate to call us with any questions at 1-877-815-4227 .