Learn about the advantages and disadvantages of Time-Share (or Properties in Shared Time).
What is Time-Share?
In general, apartments are 2 bedrooms located in Resorts Condominiums with similar structure to hotels. These resorts are affiliated with a major global operator that manages similar properties worldwide. The largest are the RCI and Interval. Actually three contracts for each Time-Share.
The first is similar to a purchase and sale agreement of property where the buyer acquires a fraction (1/52) apartment in association with others 51 buyers – he does not know.
The second contract governs the property of the usufruct right, defines what portion of income and / or use and it is up to each buyer. The number of buyers 52 weeks per unit corresponds to the numbers in the calendar year. This makes it easy to assign one week for each owner. If he wants to use the apartment will be at your disposal, otherwise you may receive dividends from leasing their week.
The third contract corresponds to the membership of the purchaser to one of the operators Time-Share World that functions as a Travel Club. So you can exchange your week in Orlando for another in Paris, for example.
Time-Share is a good investment?
Not most of the times, there are thousands of people trying to get rid of their obligations and many of them fail. Just visit the eBay site and see timeshare offers for $ 1.00. The biggest reason for the withdrawal is the realization that the annual maintenance cost of the security / property is higher (or very close) to the market value that would pay for the rental of a similar hotel. In addition, Time-Share buyers are required to pay for the annual maintenance of the property, regardless if they plan to travel that year.
The Time-Share industry is powerful worldwide and even attracted the interest of major hotel corporations like Hilton, Marriott and Sheraton. So it is a challenge to write against this property system in timesharing and falling into the trap of generalization practices and concepts. If you want to buy a Time-Share and assess the points raised in this article and compare what they offer you. You may find some advantageous product for you.