Timeshare Learning Center

A dedicated free resource for all things timeshare.

When planning a vacation, choosing the right accommodations is just as important as picking a worthwhile destination. If traveling as a family or a group, finding somewhere with enough room, within budget, that all will agree on can be challenging. Typically people will look for deals on hotels or search Airbnb for the perfect home …

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If you own a timeshare, there’s a good chance you have come into contact with a company soliciting some service that sounds intriguing to you. That might be an offer to sell your timeshare to an eager buyer or the promise of relieving your maintenance fees. Of course most companies don’t work for free, but …

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Have you ever been in a situation where you realized your timeshare points were about to expire at the end of the month? Panic start to set in? Phone lines to owner services have long wait times and put you on hold?   We have all been there at one time or another!   Let’s …

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Owning a timeshare can be an amazing experience but life changes and so do your needs. You may find you no longer have the time to use it. Or you may being paying maintenance fees for a product that doesn’t fit your travel habits. Whatever the reason, if you’re looking for a way out, ResortShare …

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When you own a timeshare, there will probably come a time when you can’t use all of your ownership. According to a 2016 ARDA study, over 1.8 million timeshare owners have unused time. A great way to offset your maintenance fee expense is to rent out your unused time.   The easiest way to rent …

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How do I reduce my maintenance fees?

The only true way to reduce or eliminate your maintenance fees is to get rid of some or all of your timeshare. The alternative is to rent your timeshare to offset your maintenance fees.

How do I sell my timeshare?

This is perhaps the most frequently asked question by timeshare owners. It’s generally best to use a reputable and experienced timeshare broker or transfer agency. But there are other options, see our article “How to Sell Your Timeshare” for detailed look at your options.

What’s the difference between weeks and points?

A week-based ownership generally has to be used for:

  1. The same resort
  2. A specific room size
  3. The same dates/seasons

While point-based ownerships can generally be used for:

  1. Any resort (in network)
  2. Any room size
  3. Any date/season

What can I do with expiring points?

Here are the most common options with expiring or unused timeshare points:

  1. Use them last minute. Many point-based programs encourage short-term travel by offering perks.
  2. Roll them over. A good option for some is to pay a nominal fee and extend the life of their points.
  3. Exchange them. With exchange companies like RCI, there is a lot of opportunity to travel internationally.
  4. Rewards programs. Many of the hotel branded timeshares offer a way to trade points for credit card perks.
  5. Convert to maintenance fees. If you don’t use your points you can at least partially offset your fees if you turn your points.
  6. Rent them! Of course if you know in advance, you might as well rent your points to friends and family.

For more detailed information on this subject see our article “What to Do With Expiring Points“.

What is my timeshare worth?

A common, yet difficult question to answer. Many timeshares lose value after purchasing them due to the simple mechanics of supply and demand – there are far more people trying to sell timeshare than those actively looking to buy it. However more desirable timeshares can fetch quite a high price when selling. Check for comparable properties that are being sold through online marketplaces like Timeshare Users Group (TUG) or RedWeek.

What’s a floating week?

A floating week timeshare is similar to a fixed week in that the owner is typically restricted to the same resort and unit type, however they have flexibility in the actual dates they can travel. Often times a floating week designates a “season” that it can be used in, for example a prime season may include the holidays or the summer months. Reservations are given on a first-come, first-served basis.

What’s a vacation club?

The term “vacation club” is typically reserved for point-based timeshare programs, like Club Wyndham and Marriott Vacation Club. These programs offer owners the opportunity to spend their points as a form of “currency” on reservations throughout the year at any of the resorts that are included in that club or network. There are also other vacation clubs that offer discounts or travel benefits that fall outside of the category of timeshare or vacation ownership.

Can I sell my timeshare if I have a mortgage?

Generally speaking the mortgage has to be paid off before you can get rid of a timeshare or at least disclosed to the buyer. Any potential buyer will be responsible for all financial liabilities associated with the timeshare, including a mortgage balance.

What is the benefit of owning a timeshare?

While there are a lot of perks associated with owning a timeshare, there are a few key benefits to owning versus renting at a hotel:

  1. Pre-paid vacations. The whole concept behind owning a timeshare is that you don’t have to pay when you check-in/out, because you have already “pre-paid” for your time.
  2. Superior accommodations. Timeshare resorts are typically much nicer than a standard hotel room. Most units boast separate bedrooms, living rooms, kitchens and washer-dryer in unit.
  3. Save money. Although it can be argued that timeshares are expensive, the reality is that you save money in many ways by owning. For example with a full kitchen you can bring your own groceries, saving money on eating out.
  4. Flexibility. Whether it’s through their timeshare directly or an exchange company, many owners have their choice of destinations, room types and time of year to travel.

What’s a fixed week?

Fixed weeks are the most common form of timeshare ownership and typically entitle the owner to use the same unit, at the same resort, on the same week of the year. This is the most restrictive kind of timeshare and is therefore better for owners who enjoy consistency in their vacations year after year.

How do I rent my timeshare?

The best way to do rental is to start by asking people you already know if they have interest. Renting to family and friends is a great way to do rental easily and efficiently. If that doesn’t work we have a whole article entitled “How to Rent Your Timeshare“, that will give you the tools to do rental on your own.

How do I avoid timeshare scams?

A good general practice is to follow three simple rules when dealing with third-party companies:

  1. Never pay up-front fees. There is little incentive for companies to follow through if they have already been paid.
  2. Do your homework. A simple Google search can reveal a lot about a company before you do business with them.
  3. Get it in writing. Any legitimate company can provide their terms in writing to you, ask to see a copy of their agreement.
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