The Holiday Facts

Category: Timeshare

Don’t Fall for These Timeshare Scams: Tips for Protecting Yourself

Timeshare ownership can be a great way to enjoy vacation time in a desirable destination, but it’s important to be aware of potential scams that can leave you with a hefty bill and a sense of regret. Here are some of the most common timeshare scams to watch out for, and tips for protecting yourself:

“Free” vacations: One of the most common timeshare scams involves offers for “free” vacations, which often require attending a high-pressure sales presentation. These presentations can last for hours and involve aggressive sales tactics, with the goal of convincing you to sign up for a timeshare ownership. If an offer seems too good to be true, it probably is.

Resale scams: Another common timeshare scam involves offers to help you sell your timeshare, often for an upfront fee. Unfortunately, many of these companies are fraudulent and will take your money without actually selling your timeshare. Be wary of unsolicited offers to buy or sell your timeshare, and never pay an upfront fee for these services.

Upfront fees: Be cautious of any timeshare company that requires upfront fees for services like maintenance or exchange programs. Reputable timeshare companies typically charge fees only when you actually use their services.

Pressure tactics: Some timeshare salespeople use high-pressure tactics to convince you to sign up for ownership, including offers that are only available for a limited time. Don’t let yourself be rushed into a decision, and take the time to do your own research before committing to anything.

To protect yourself from timeshare scams, it’s important to do your due diligence and research any company or offer before signing up. Read reviews from other timeshare owners, and check with the Better Business Bureau to see if there have been any complaints or scams associated with a particular company. If you’re considering a timeshare ownership, be sure to read the fine print and understand all of the associated costs and obligations. And remember, if an offer seems too good to be true, it probably is. Trust your instincts and don’t let anyone pressure you into making a decision you’re not comfortable with.

October 20, 2022
Understanding Timeshares: A Beginner’s Guide

If you’re considering investing in a timeshare, it’s important to understand what it is and how it works. Here’s a guide to the basics of timeshares.

What is a timeshare?

A timeshare is a vacation property that is owned by a group of individuals who share the cost of owning and maintaining the property. Each owner is granted a certain amount of time each year to use the property, typically for one or two weeks. Timeshares can be located in popular vacation destinations, such as beach resorts or ski areas.

How does a timeshare work?

When you purchase a timeshare, you’re essentially buying the right to use the property for a certain period of time each year. The property is usually divided into units, and each unit is assigned a specific week or weeks of the year. The cost of the timeshare is based on the size of the unit, the location of the property, and the time of year.

What are the types of timeshares?

There are two main types of timeshares: deeded and non-deeded. With a deeded timeshare, you own a share of the property and can sell or transfer your ownership. Non-deeded timeshares, also known as right-to-use, give you the right to use the property for a certain period of time but do not grant ownership.

What are the benefits of owning a timeshare?

Owning a timeshare can offer several benefits, including the ability to have a consistent vacation destination each year, potential cost savings compared to renting a vacation property, and the convenience of having a fully furnished property waiting for you upon arrival. Some timeshare properties also offer on-site amenities, such as pools, fitness centers, and restaurants.

What are the drawbacks of owning a timeshare?

One of the biggest drawbacks of owning a timeshare is the upfront cost of purchasing the property. Additionally, maintenance fees and other expenses associated with owning a timeshare can add up over time. Some timeshare properties also have restrictions on when and how you can use the property, which can be inconvenient for some owners.

Understanding the basics of timeshares is essential if you’re considering investing in one. While there are benefits to owning a timeshare, it’s important to carefully consider the costs and restrictions before making a purchase. With careful research and consideration, a timeshare can be a great investment for those who love to vacation in the same location each year.

September 4, 2022
Weighing the Pros and Cons of Owning a Timeshare
Owning a timeshare can be a great way to have a consistent vacation destination each year, but it’s important to understand the pros and cons before making a purchase. Here’s a look at the advantages and disadvantages of owning a timeshare.

Pros of owning a timeshare:
- Consistency: A timeshare provides a consistent vacation destination each year, which can be especially appealing for those who love returning to the same location.
- Cost savings: Owning a timeshare can be more cost-effective than renting a vacation property each year. Additionally, some timeshare companies offer exchange programs, which allow you to trade your timeshare for a vacation property in a different location.
- Amenities: Many timeshare properties offer on-site amenities such as pools, fitness centers, and restaurants, which can add to the vacation experience.
- Potential for profit: If you decide to sell your timeshare, there is the potential to make a profit if the value of the property has increased since you purchased it.
Cons of owning a timeshare:
- Upfront cost: The initial cost of purchasing a timeshare can be substantial, and may not include additional costs such as maintenance fees.
- Maintenance fees: Timeshare owners are typically responsible for annual maintenance fees, which can add up over time and may increase over the years.
- Limited flexibility: Many timeshare properties have restrictions on when and how you can use the property, which can be inconvenient for some owners.
- Difficulty selling: While there is the potential to make a profit when selling a timeshare, it can be difficult to find a buyer and you may not receive the full value of your investment.
Owning a timeshare can be a great investment for those who love returning to the same vacation destination each year and want to save money in the long run. However, it’s important to carefully consider the upfront costs, maintenance fees, and potential restrictions before making a purchase. With careful research and consideration, a timeshare can be a great investment for some, but may not be the right choice for everyone.
August 4, 2022
Navigating the World of Timeshare Resale
If you’re considering selling your timeshare, or looking to purchase a timeshare on the resale market, it’s important to understand the ins and outs of the process. Here’s a look at some key considerations when it comes to timeshare resale.

Selling a timeshare:

Understand your ownership: Before putting your timeshare up for sale, make sure you understand the details of your ownership, including any outstanding fees or obligations.
- Price it right: Research similar timeshares on the resale market to get an idea of what yours may be worth, and price it accordingly.
- Find a reputable reseller: Look for a reputable timeshare reseller with a track record of successful transactions. You may also consider listing your timeshare on a reputable online marketplace.
- Be prepared to negotiate: Just like any other type of real estate transaction, be prepared to negotiate on the price.
Purchasing a timeshare on the resale market:
- Do your research: Research the timeshare property and the seller thoroughly before making a purchase, including any fees or restrictions associated with ownership.
- Consider the location: Make sure the location of the timeshare is one that you’ll enjoy returning to year after year.
- Understand the costs: In addition to the purchase price, be sure to understand any ongoing maintenance fees associated with owning the timeshare.
- Beware of scams: Unfortunately, there are scammers out there looking to take advantage of those looking to purchase a timeshare on the resale market. Be sure to do your due diligence and only work with reputable sellers.
Navigating the world of timeshare resale can be a bit tricky, but with the right research and preparation, it can be a great way to purchase a vacation property at a discounted price, or sell a property that you’re no longer using. Just be sure to understand the details of ownership, research the property and seller thoroughly, and be prepared to negotiate. With the right approach, buying or selling a timeshare on the resale market can be a smart investment.
July 4, 2022
Unlocking the Benefits of Timeshare Exchanges: Best Platforms to Consider

Timeshare exchanges allow owners to trade their vacation time at one property for a stay at a different property. This can be a great way to explore new destinations and make the most of your timeshare ownership. Here are some of the best timeshare exchange platforms to consider:

RCI: RCI is one of the largest timeshare exchange companies in the world, with over 4,000 affiliated resorts in more than 100 countries. They offer a flexible points-based system that allows members to trade their timeshare for a stay at another property within the RCI network.

Interval International: Interval International offers a similar points-based system, with over 2,500 affiliated resorts in more than 80 countries. They also offer additional perks like discounts on travel and entertainment.

Resort Condominiums International (RCI): RCI is a smaller timeshare exchange company, but they offer a unique points-based system that allows members to trade their timeshare for a stay at a different property, or use their points for other travel-related expenses like airfare or car rentals.

Trading Places International (TPI): TPI offers a unique “floating week” system, which allows members to trade their vacation time for a stay at a different property within the TPI network, regardless of the time of year. They also offer a points-based system for added flexibility.

The Registry Collection: The Registry Collection is a luxury timeshare exchange company, with a portfolio of over 200 high-end properties in some of the world’s most desirable destinations. They offer a points-based system that allows members to trade their timeshare for a stay at a different property within the Registry Collection network.

When considering a timeshare exchange platform, it’s important to do your research and understand the costs and benefits associated with each option. Some platforms may require an additional membership fee or transaction fees, while others may offer additional perks like discounts on travel and entertainment. Consider your travel preferences and budget when choosing a platform, and be sure to read reviews from other timeshare owners to get a sense of the experience. With the right approach, timeshare exchanges can be a great way to explore new destinations and make the most of your ownership.

June 4, 2022