...And how does it work?
(Regarding vacation properties)
2007-01-31 00:05:35 · 5 answers · asked by Sixth_Sense 3 in Business & Finance ➔ Other - Business & Finance
i have only nighmares on "timeshares"
maybe someone else has had a good experience...
I bought one...and..just stopped paying.. (I could book better on my own)
then I bought into one a 2nd time (yep first time..shame on them 2nd time shame on me)
it was a nightmare the second time..I booked vacations..for Florida..and they couldn't book me..so I went anyhow and kept all my receipts and went to their rental units (yes they had rooms so I kept all my receipts)..then I went to book again.(Las Vegas).and one of the days was Thanksgiving and they said "no"..so I went anyhow and went to their unit on Thanksgiving...and again they had rooms..
I kept those receipts as well..
I sent a certified letter to the condo managers....and asked for a refund....I was kinda threatening as going to the "mail authorities" for fraud..as I had the 2 receipts..............
I got a refund on the 2nd set...of timeshares I bought.
good luck...
2007-01-31 00:16:14 · answer #1 · answered by m2 5 · 0⤊ 0⤋
Timeshare's are owned by several different people, often not related or even knowing each other
Timeshare ownership is very similar to that of a condominium except that your ownership is limited to a certain week (or weeks, if you purchase multiple intervals) during the year. If your one-week time period is in demand, the price will be higher. For instance, a timeshare for a week on Hilton Head Island, South Carolina in April will cost far more than a week at the same resort location in the sweltering heat of August.
2007-01-31 00:14:33 · answer #2 · answered by Doug F 3 · 0⤊ 0⤋
You need to read Timeshare Today. Their website is www.tstoday.com They have articles all about them. I advise you not to buy a new one, but to get a resale on ebay or through the ads in Timeshare Today. Do not buy a timeshare unless you want to vacation there that week every year for the rest of your life. It is very hard to trade them and you are still responsible for the fees even if you don't use it.
2007-02-01 11:33:51 · answer #3 · answered by kadel 7 · 0⤊ 0⤋
its the right to buy the use of a vacation resort for a certain period within one year IE...one week or more every one year.....there are some rules to that like if you buy this weeks use in the low season you cant use it in the high season....furthermore you have to check if you can exchange your time share in Florida for example with someone who has a time share in Hawaii this will give you variety....personally i prefer hotels but some time shares have proved to be profitable cause you can sell this right if you can find a buyer
2007-01-31 00:19:11 · answer #4 · answered by jouri1 1 · 0⤊ 0⤋
you pay to rent ahouse for a month or however long you will stay year they're bull just stay at a mo mo
2007-01-31 00:14:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋