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.

What Is a Timeshare Ownership?

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

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

A Fixed 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. Some floating ownerships are specific for high season ( AKA Red Weeks) or low season ( AKA White Weeks).

A Floating Week

The more points you have, the larger the annual maintenance fee and the purchase price is. 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.

An Allotment of Points

The rarest type of timeshare is fractional ownership (or a shared deeded ownership) which happens to be the type of timeshare we own.

Fractional Ownership

While some people may think a timeshare is a small 1970’s resort past its prime, Disney’s Saratoga Springs, Waikiki’s Hilton Hawaiian Village, Marriott’s Ko Olina, Four Seasons Residence Club in California, and other brand name resorts are timeshares.

What Is a Timeshare Resort?

Tap the link below for more about What Is a Timeshare and What It Isn’t: Real Talk from a Happy Owner of 15