subject: Tips For Those Considering Time Shares [print this page] . But nevertheless, even for those of us who cannot afford it, we still want a slice of the action. One way to ensure you do have access to some prime vacation real estate is to consider time shares. These are by no means a new thing, but they are still very popular, and in this article we shall go over some of the basic ideas behind them.
One of the key things to know about a property before you invest is whether it is what is termed deeded or whether it is based on a right to use policy. It is important to know the difference between the two. Deeded properties are basically very similar to a normal property ownership. It is like being a small shareholder in a property, you are liable for the various taxes and fees that are associated with that property. With right to use, the person is only allowed to use the property at agreed times, and when the contract ends, the original owner has complete ownership and control over the property.
Some time shares involve rotating systems. These have been developed so that everyone who owns a slice of a property gets the opportunity to try staying at the condo or villa at the best times of year. It is common for the holiday weeks to be rotated either forwards of backwards through the year; so one year you might get the last 2 weeks of August, then the following year that person might get the first 2 weeks in September.
For those who are unfamiliar with time shares, there are a number of companies that specialise in both buying and selling time share. Since it is still a fairly niche area, there are not a huge number of companies out there that deal with this. Of those that are out there, it is important to remember that some have better reputations than others. It is therefore crucial to find the very best. The better ones will give you a good grounding in the legal implications of your timeshare, so you know exactly where you stand.
If you are in the market for time shares or indeed you wish to sell your existing one, the internet offers the best way of finding suitable agents.
