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Timeshare is simple.

 

 

Timeshare is simple: You purchase your timeshare at a one time cost just like when you bought your home. In the case of timeshare however, you get to use it during a particular week each year. The weeks are numbered 1-52 beginning with the first week in January.

Each year you can choose to vacation at the timeshare you own during the week that
you own, or you can deposit what you own into a vacation space bank and go to one of several thousand other resorts in the trading systems during the week you own or a different week if you desire.

If you choose to trade for another resort there is a fee to the trading company for this exchange. It depends on the trading company and whether you trade for something in the United States or outside the US. The exchange fee can be anywhere from $100 to $192. Now that you own a vacation home (albeit for only one week per year) it requires someone to take care of it as well as take care of you when you go there. Therefore, on a yearly basis you will pay your resort management a maintenance fee. Just like any other Condominium, this takes care of the building and grounds and facilities, pays the salaries, and handles repair and replacement of furniture, etc. You will also pay yearly property tax since you own real property. Your management company will bill you once each year for these fees. And since you are an owner, you will have a say each year as to how much these fees will cost you.

Your yearly Trading company membership fees are $75 to $100 (less if you take the 5 year plan). This is well worth it because of the additional benefits you get like being able to rent unused units for weekends at an average of about $119 for the family, or full weeks at an average of about $199. Many hotels charge you at least that much for just one night.






It may sound like you’re paying a bunch of fees here and there which can add up,so let’s recap what your timeshare can cost you yearly:

Trading company membership:

Average Exchange fee:

Maintenance/tax:

Total:

 

$100

$150 (this is only if you trade yours for another)

$750 (this is an average yearly figure)

$1000

So, as you can see, for about $1000 per year you get a fully furnished condo for the whole family; a different and exciting place each year. Remember, however, that if you are the type that would like to vacation at your own resort during the week that you own, you need not join the trading company or pay an exchange fee. In that case your only expenditure yearly is the maintenance and tax fees. In the example above, this was only $750.

A word from our founders:

 
“We love it. As a middle income family we could not have given our children these types of 'Million Dollar' vacation experiences until we found Timeshare. To rent the two and three bedroom condo's and ski chalet's in these fabulous resorts during our Christmas vacations (which is the only time we could go) would have cost us $2,000 to $3,000 per week.

We couldn't afford that. Because we are owners of timeshare it only cost us a few hundred dollars. We started out by buying two weeks as this was all the vacation time we could use in a year, but we purchased more later on and used them in many creative ways. We now give weeks away as charitable donations. We give them as gifts such as honeymoons to newlyweds and getaways for anniversaries. We use them to gather the family for reunions in fabulous resorts worldwide. To say it simply…Timeshare has greatly improved our way of life.”

 

 

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