What are timeshare rentals and resales? A timeshare
offers the vacationer larger resort apartments & condos than a
typical holiday vacation rental. As so many top holiday
destinations now offer interval ownership programs,
finding a low price time share rental is a great way to
keep your travel costs low.
Bidshares can notify you when vacation timeshares are
added to the auction. To sign up for auction
notifications, click on the banner above. If you are an
owner interested in renting or selling timeshares the
free timeshare listings will be of interest to you.
Vacation timeshare resorts from Florida, South Carolina,
Hawaii and in major cities such as Orlando and Las Vegas
can be found with a quick search. You will also find
timeshare rentals and re-sales from Marriott, Hilton,
Fairfield, and Sunterra. You can even search by
timeshare affiliation with Interval International and
RCI. with bargains to be found in Spain, United Kingdom,
and many quality destinations in Europe.
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Buying timeshare or selling timeshare - It is not easy to know how to go
about it. Legalities are becoming more and more complex by the day. You
must ensure your property and money are safe. It is VITAL you use an
experienced International broker. Our associates are able to offer the
best advice and widest choice to private individuals who want to buy or
sell Timeshare.
THE CONCEPTS AND HISTORY OF TIMESHARE
The vacation ownership (Timesharing) industry can be traced back to its
European origin in the 1960's. A ski resort in the French Alps know as "Superdevoluy"
is the first know vacation ownership program in the world. The multiple
ownership of individual weeks brought with it the guarantee of
reservations for those who wanted to ski in the area. It was an immediate
success. By the 1970's some faltering condominium projects in St. Thomas,
Fort Lauderdale and Puerto Rico were converted over to vacation ownership
and thereafter timesharing became a viable vacation alternative.
Once the concept of vacation ownership was
embraced by the United States it began to gain wide acceptance by the
public. Sales jumped to over 50 million by the mid 1970's and has climbed
to more than 2 billion annually today. Vacation ownership has enjoyed
substantial growth over the years with approximately 3.3 million
timeshares sold since 1980. Currently there are approximately 4,850
vacation ownership resorts in over 75 countries around the world.
Exchanging a vacation ownership week in one resort for that of another
resort was introduced in 1974 and thereafter timesharing offered variety
and flexibility in the vacation experience. Although there are many
exchange companies available which provide excellent service, the two
major forces are Resort Condominiums International (RCI) which has
approximately 3,250 member resorts and Interval International (II) with
approximately 1,600 member resorts. Combined, these two companies provided
over 1,600,000 exchanges last year.
WHAT IS VACATION OWNERSHIP
Vacation Ownership "Timesharing" is the right to use specific weeks of a
resort during a specific time period. Simply put, it is the pre-purchase
of a vacation. It is important to understand that vacation ownership is a
commodity which is purchased to be enjoyed and used over the years. One
should never purchase a timeshare with the intent of reselling it for a
profit. Vacations are holidays for which we spend money to relax and
rejuvenate; they are not investments.
Ownership of a timeshare is very similar to ownership of a holiday
apartment except that your rights are limited to a certain week during the
year. The form of ownership can be Deeded, Leased or a License. The
License is somewhat different in that it is most commonly a membership in
a club. Providing you are a member in good standing, you have the right to
use the club and all it's amenities. Be sure to read and understand all
the terms and conditions of your club membership before you make the
decision to buy. Most vacation ownership consists of either a deeded
interest or a leased interest for a specific number of years.
A Deeded interest is owned outright forever. It an absolute right which
can be sold, leased, or even willed to your heirs. Most timeshares which
exist today are deeded ownership. The Leased interest is much like an
apartment lease except right to use it is restricted to a specific week
during the year. Upon the expiration of the lease term your right to use
will generally terminate and return to the resort. With a leased interest
you should know the terms and conditions of the lease prior to making the
decision to buy. The time of your use can be either Fixed or Floating.
Fixed time is a specific week during the year usually defined by a number.
Generally the week will begin on a Friday, Saturday or Sunday and is given
a number starting with the first week in January an run through the end of
December. (Example - week 14 might be April 7 through April 13.)
Floating time means you have the right to select any available week within
a certain season of the year. Therefore, if you own a summer season week
you could pick any week which falls within the defined summer months.
However, competition between existing owners for prime weeks in very
desirable location can impact availability. It is important to find which
type of use best fits your specific travel needs.
Each resort is different and you should ask if there are other benefits
which are available to its owners. Many resorts offer special reduced
rental rates for extra nights or us of other resorts which are owned by
the developer. This can add to you flexibility and provide substantial
saving on vacation costs. Additionally, consider carefully how and where
you normally vacation. This is very important in making your decision
about where you should buy and what you will be trading.
RCI. the world's leading timeshare exchange organization, arranged
vacations for seven million people worldwide in 2000, making it one of the
world's largest travel companies.
In the western world, timeshare is now a highly organized and regulated
industry. Trade bodies such as the American Resort Development Association
(ARDA) and the Organisation for Timeshare in Europe (OTE) work to apply
codes of conduct and ensure that expansion is based on sound commercial
practice and ethical standards. There is also considerable regional,
national and international legislation in place which aims to help protect
the rights of potential purchasers and discourage the use of high-pressure
sales tactics.
Timeshare in the future The worldwide timeshare industry looks set to grow
in popularity and log record sales in the months and years ahead. Social
trends mean more people have more time and money to devote to travel and
the concept of vacation ownership. In many parts of the world, regulation
has given timeshare a firm footing, helping to reassure and protect
purchasers with a series of consumer protection measures.
Since its inception, timeshare has undergone a metamorphosis, according to
Timeshare: Coming of Age, an independent report published in October,
1999. With the advent of the points-based system, the original real estate
concept has been transformed into "a flexible, pre-paid vacation
membership concept, placing timeshare where it belongs - in the mainstream
of travel, tourism, hospitality and leisure". |
