What Is a Timeshare and What It Isn’t: Real Talk from a Happy Owner of 15

When the Federal Trade Commission has a section on their website answering “What is a Timeshare,” you know there is confusion out there!  That’s why I like to say that a Timeshare isn’t something you purchase on a whim, three margaritas deep, while on vacation.

Today, a timeshare isn’t just one thing! The timeshare industry offers various products to match people’s different lifestyles and vacation preferences. There are four different types.

What Is a Timeshare Ownership?

1. A Fixed Week

This type of timeshare ownership means you have the right to use a particular room type a specific week every year.

2. A Floating Week

A floating week timeshare means that you aren’t guaranteed the same week every year for vacation; you need to call the resort to reserve a room.

3. An Allotment of Points This type of timeshare provides a lot of travel flexibility as you don’t have to stay at the same resort every year, but it does have a learning curve.

The rarest type of timeshare is fractional ownership (or a shared deeded ownership) which happens to be the type of timeshare we own. So instead of just a week or a set amount of points, we hold a larger piece of a specific unit at a particular resort.

4. Fractional Ownership

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