What is a timeshare?

Answer 1

it is a house that depending on the agreement that you get to use say two weeks of the year and for this you own a share of the house. one of the drawbacks is that you are tied to vacationing there at a set time each year. some folks swear by them and others think they suck!!!

Answer 2

Simply stated;
A timeshare is the purchase of a period of time for a specific property, usually once a year in a resort/hotel structure.

As a general rule, buying directly from a developer can be very expensive and not cost justifiable. Many people buy an average timeshare for $21,000 and if they have to sell it will only get around $6,000 - $9,000.

I've purchased two timeshares on the open market. I saved 70% of the "retail" cost. My wife and I love it. Our timeshare program works on "points". We therefore can use timeshares all over the USA and world. We love it.

Good luck.

Answer 3

Imagine you and 51 of your friends kicked in your money and bought a house at the beach, or at a ski resort. Then you sat down and assigned 1 week per year for each person to use the house.

That's a time share. Except, the other 51 people are NOT your friends and the guy who sells it to you makes money by introducing your money to the money of the other people.

Then, when you want to sell it, you feel strangely alone.

Answer 4

It's a property, usually a vacatin property that you "purchase" soyou can use it for part of the year. YOu are really not buying the entire property, just part of it, as many other people also own the time share, so you basically own it for part of the year and can stay in it for part of the year.

Answer 5

a time share is a property that is owned by as many as 200 people. The property is usually in a great place to vacation.

Answer 6

in my opinion it's a waste of money.you pay almost as much as you would for a small house,for a vacation spot you can use once a year usually for only one week.it's not worth it.