Buying Timeshare
The timeshare industry claims that over twenty million households own timeshare worldwide – many are well satisfied with their ownership.
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Buying Timeshare accommodation can be of a much higher standard than that of a hotel or rented accommodation. And most resorts have extensive leisure facilities (generally free to use). All timeshare is self-catering.
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However, many complexes offer packages of half or full board for the holiday maker who wants to fully relax.
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Accommodation ranges from a modest studio (a single bedroom) to apartments and villas with three bedroom, three bathrooms, lounge, dining etc.
with appointments to a very high standard.
Timeshare competes with package holidays (where buying timeshare offers higher standards of accommodation) and villa rental (where timeshare offers better long-term value for money).
Buying timeshare comes in two basic forms:
·Fixed week. Where you own rights to a specific week, usually in a specific apartment/villa which you can either return to every year or swap through the exchange system for something similar in another part of the world and in another time period.
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·Floating system. Instead of owning a specified week, you own a week (or a time period which may be longer than a week) within a seasonal band of time. Each year you have to book the specific week that you want – but this is “subject to availability”.
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A major strength of buying timeshare is the certainty that it provides. Accommodation (and often leisure facilities) being held in trust (or registered in a public register) for the lifetime of the right to use. When buying timeshare, you pay a once off payment for the right to use. Each year, a there is an also a maintenance fee which pays for the accommodation etc. to be kept clean, in good order, local taxes paid, insurance etc.
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When you no longer require your ownership, you can sell your time share to someone else. Most owners use the exchange system which provides a large choice (nearly 6,000 resorts in all the popular destinations worldwide) to swap to – knowing that the place you are going to is of a similar standard to that which you own.
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The advantages of buying a timeshare resale through International Travel Group, are that you buy privately from existing owners and in many cases save well over 50% on the developers list price! Our dedicated staff have unrivalled experience in the buying timeshare resale sector and can help you buy timeshare at the right resort at the right price.