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Timeshares and Its Advantages

08.21.2009 · Posted in Recreation Articles

Let’s say you are on a Christmas holiday in Europe and stay at this fantastic ski resort at the foothills of the Alps. While there with your buddies you think it would be good to pool your money and each go in on buying a vacation property. Then, each of you will be able to use it a certain time of the year. In this scenario, the ownership of the property is shared and the percentage you paid is the percentage of ownership you will have.nnA timeshare has a similar concept, but with key differences. The main difference is, you are not going in on the purchase with people you know. To facilitate all the deals there is a management company that takes care of the entire deal and finds all the interested buyers of the property.nnAdditionally, you just pay for a percentage of the entire value of the property. There are also maintenance fees that you have to pay to the people who oversee the property. The downside of timeshare is that the prices are extremely inflated and selling timeshares is not a good way to make a profit.nnThere are other kinds of timeshares. There are those where you are not actually buying ownership of a property but are just paying for a right to use it. This is no different than renting a condo for a week, except you pre-pay for many years. The benefit of this is you can sometimes sell your time to someone else if you are not able to go on vacation that year.nnSelling timeshares can be very difficult. So you should buy a timeshare with the intent of using it and not making a profit out of it. Nonetheless many people still opt for timeshares for it saves them on hotel bills and the hassle of booking for an excellent accommodation.

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