Timeshares came about in Europe in the 1960's where a developer in the French Alps promoted his resort by encouraging prospective guests to buy the hotel instead of simply renting a room. The idea took off and developer's world wide started selling condominium style units as a timeshare concept.
Timeshare units work in basically the same way as a condominium, but the developer takes the individual housing units and further divides them into weekly time slots. These weekly time slots are then bought and sold. So there are multiple owners for each unit in the building who have a right of occupancy for a specific period every year. Theoretically there could be 52 owners each of whom can occupy that property for a week at a time every year.
The way these slots are allocated will depend on the developer selling the timeshare units. In some timeshare buildings, you purchase a specific week in a specific unit within the building, while other timeshare buildings sell floating time slots which merely promise you an available unit in the building during your particular week. These differences will absolutely have implications when you are trying to sell or trade your timeshare unit, so it pays to understand exactly what you're purchasing if you decide to buy a timeshare unit.
Timeshares have large up front fees and are also known to obligate purchasers to iron clad contracts, annual dues, maintenance fee's and other ongoing costs. Average fees range from $15,000- $16,000 but on top of this there are additional annual fees depending on what it is you are purchasing. Due to the ownership structure of Timeshares- there is limited flexibility in the dates in which you can travel.
Like many products in this world, Timeshares have their place but there are forms of alternative travel memberships that can save you the significant upfront acquisition costs and ongoing fees. Memberships which allow total freedom and flexibility to travel anytime, anywhere, worldwide, with a one-time membership fee and no other fees aside from the low weekly rates when you take a vacation.
As an owner of these membership- you have the ability to browse a catalogue of thousands of high end properties all over the world and select the destination of your choice.
You then have the ability to travel immediately without certificates to mail in, no black out dates, and no waiting. You can purchase the perfect vacation immediately or schedule it months later. Membership purchases an enormous amount of inventory every year in advance which means when you see the vacation you want, buy it and it's yours.
So before you purchase a time share, do your due diligence and establish whether these alternative style Travel memberships may be better suited to your needs.
Shanan Spearing is an internet marketing entrepreneur and a member of the Global Resorts Network.
To see what the Global Resorts Network has to offer as an alternative to a timeshare, please visit http://www.discountedresortaccommodation.com
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