Ask the Timeshare Exit Experts: Are There Benefits to Owning a Timeshare?
The timeshare industry is a notoriously dishonest industry and often misleads consumers with false promises, leaving them stuck in a contract and searching for a timeshare exit. While we often hear the downside of timeshares, there may be benefits also, depending on how you approach buying a timeshare.
Vacation is an important part of living a healthy and fulfilling life. During a vacation, you can relax and recharge. Vacations help lower stress levels and actually make you more productive at work when you return.
Despite the benefits of vacation, study after study confirms that many Americans do not use their vacation time each year. This leads to increased stress levels and decreased happiness.
So why? Why do so many vacation days go unused? Two key factors are lack of time to plan a vacation and lack of money. One solution that some people have tried is to purchase a timeshare.
A timeshare is basically a way to buy part of a vacation property. Usually, you would buy 1/52 meaning that you had the right to use the property for vacation one week out of the year. This can help minimize planning time because it takes the stress out of finding accommodations. Buying a timeshare can also help with financial pressures because your stay is paid for in advance.
If you are considering buying a timeshare, it is important that you understand the ins and outs of timeshare buying so that you don’t end up unhappy and looking for how to get out of a timeshare.
Firstly, you need to know that there are four types of timeshares. They are:
- Fixed Week: In a fixed week timeshare, you own the rights to a specific unit in the same week, year in and year out, for as long as the contract stipulates. There is predictability, but also little flexibility and the potential for long-range boredom. With a fixed-week timeshare, the owner can rent out his block of time or trade with owners of other properties. This type of arrangement works best if you have a very sought after destination.
- Floating:If you own a floating timeshare, you can choose your own time during a given period of the year. This option has more freedom than the fixed week version, but getting the exact time you want may be difficult when other shareholders snap up many of the prime periods
- Right-To-Use: With this arrangement, the buyer leases the property for a given amount of time each year for a set amount of years. The buyer does not own the property, the resort or developer still retains ownership and the deed to the property. This can end up being problematic if you want to sell your timeshare down the line. Our timeshare exit team also gets calls with consumers having issues if the developer sells the property. Sometimes the news owner may not maintain the property as well or may not want to be involved in the timeshare business. This has left many customers scratching their heads and wondering how to get out of a timeshare.
- Points Club: These are similar to the floating timeshare, but buyers can stay at various locales depending on the amount of points they’ve accumulated from buying into a particular property or purchasing points from the club. The points are used as currency and timeslots at the property are reserved on a first-come basis. These may not be ideal for all buyers, but some may be very happy with them. Points club is currently the most popular type of timeshare on the market, and it can be very enticing.
It is also important for you to understand that there are many, many people who are happy with their timeshares, but there are also many people who are unhappy. If you purchase a timeshare and love it, that is great. However, if you are one of the many who do not like owning a timeshare or find that it limits your vacation instead of enhancing it, then it may be time to do a timeshare exit.
If you need to cancel your timeshare you may find this very difficult to do on your own. You need a professional team to help you cancel your timeshare. That is where we come in. Our skilled timeshare exit team knows how to get rid of a timeshare.
We are open 7 days a week, 24 hours a day so call us anytime. Your satisfaction is guaranteed. We will help you get out of your timeshare and get your life back.
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