Introduction to Timeshare
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Posted On :
Jan-11-2011
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Article Word Count :
468
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Simply put, a timeshare is a vacation property, such as a resort or a rest house, which is owned by a group of unrelated individuals.
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Simply put, a timeshare is a vacation property, such as a resort or a rest house, which is owned by a group of unrelated individuals. Most of these properties are in the form of resort condominiums, though others are possible. The options available in this industry are becoming more varied by the day, with the number of timeshares that cater to hotel rooms and cruise cabins going up.
Each owner of the timeshare is allowed to stay in the vacation space once a year. Although in some cases, granted that that a timeshare timetable is agreed upon, owners can choose more than one time or more than one location per annum in order to maximize the holiday entitlement.
Warm states like Florida or cold weather places near ski resorts are the usual favorite timeshare destinations among guests. To cater to the visitors needs, resorts have now included indoor and outdoor ski slopes and pools as a common feature of their holiday destinations. Normally, dome of the facilities even include one to three bedrooms, multiple bathrooms, a kitchen and a living room.
Timeshares are usually sold for a span of one week. However, prices may differ every week. For example, during the peak season, during the summer for instance, timeshares can be more expensive as oppose to buying them during a less popular season of the year.
In addition to season, timeshare costs are also subject to the demand for a specific location. A color coded chart showing what time of the year the timeshares are more expensive is given to potential buyers. Those that are colored with red are the vacation rentals that are more expensive.
Like other properties, owners can pass timeshares to their children, which makes it an even a better investment. Vacations can be assured, and when they are left unused, owners can put it up for rent. In most cases, timeshares can also be used in exchange to other properties.
But how and where to buy a timeshare? If you wish to, you can make a purchase using a financing agreement. Most people would buy from the resale market through cash transactions. Either way, some things need to be taken into consideration such as maintenance and management charges. These fees, and they vary all the time, must be secured before finalizing a deal.
There are many affordable choices of timeshare investments for the vacationers. Possibly the best deal yet is when there is a fixed unit for a fixed week annually. In this case, the ownership of the deeded timeshare belongs to the vacationer during the agreed week. Another popular option, on the other hand, is when the holiday entitlement of the owners is only until the lease period ends.
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Article Source :
http://www.articleseen.com/Article_Introduction to Timeshare_48124.aspx
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Author Resource :
After you have decided the type of timeshare that best suits you, a great next step is probably to keep yourself briefed on the latest timeshare news updates. This way you can have a fairly good idea of what you are getting yourself into.
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Keywords :
Travel News, Timeshare, Timeshare Company, Travel, Timeshare Club,
Category :
Travel and Leisure
:
Travel Tips
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