Timeshare Concepts & Ownership Structures
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Timeshare</strong> <strong>Concepts</strong> &<br />
<strong>Ownership</strong> <strong>Structures</strong><br />
When it comes to a vacation, your first priority might be to have it in a beautiful location at a reasonable<br />
price. For sure, it’s not only you, but millions of others look for the same every year. <strong>Timeshare</strong><br />
salesperson may use this kind of pitch to convince you to buy timeshares in Wyndham.<br />
Read on to know about the concept of timeshares is what you can expect for your money.<br />
Concept of <strong>Timeshare</strong><br />
The concept of timeshares is based on the idea of fractional ownership in a property.<br />
Let me explain,<br />
If you rent a condominium or buy a week condo each year, it means you possess 1/52nd share of the<br />
unit whereas for one month, you own 1/12th share. Other buyers are free to buy the remaining parts.<br />
In general, there are two options when it comes to purchasing timeshares:
1) Deeded: If you choose this option, you’ll own an ownership interest in the property.<br />
2) Non-Deeded: In this option, you’ll make an agreement to have the right for using the property for a<br />
specific amount of time each year. It’s for a particular number of years.<br />
<strong>Ownership</strong> <strong>Structures</strong><br />
There are different ownership structures for purchasing timeshares in Wyndham. If you are a first time<br />
buyer, these structures may be complex. Know them it make purchasing timeshares an easy and hasslefree<br />
task.<br />
• Fixed week – You can buy a fixed week. This allows you to have the right to use the unit during the<br />
same week each year.<br />
• Floating week – You can also buy a floating week. This means you own the right to use the fraction of<br />
the property during predetermined period of time.<br />
• Point system – Some timeshares in Wyndham operate on a point system, which is also referred to as<br />
‘vacation clubs.’ In this option, you can buy a particular number of points and redeem them at many<br />
destinations.
Conclusion<br />
<strong>Timeshare</strong>s feature larger and more luxurious accommodations when compared with standard hotels.<br />
They are most usually established at a prime location in a city. So, you can easily find these properties at<br />
your desirable price.<br />
But, before deciding to purchase a timeshare, knowing the value of the property is of a paramount<br />
importance. It requires a careful attention and consideration. You should exercise due diligence, ask<br />
<strong>amp</strong>le of questions and take your time making a decision. You may also need to have a large amount of<br />
money up front and substantial recurring costs.