Gene Ericson
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The previous Answer is correct, if you can get out of the contract I recommend doing it ASAP! You simply over paid! BUT if you cant here is my best way to explain your purchase.
A timeshare is simply purchasing the right to access a vacation resort or condominium for a designated period of time. Bellow I listed the advantages VS the Disadvantages
Advantages: Timeshares on an annual basis can save you money on vacations and the amenities the resorts offer BLOW away a standard hotel or motel. You can find inexpensive resorts for sale on the resale market and the annual maintenance fees most likely will run you about $500 to $700 a year (depending on what location and size of unit you choose). You don't have to stay at the same location on an annual basis all timeshares affiliate with an exchange company, which enables you to stay at resorts across the country and world.
Disadvantages: You will be responsible for paying the maintenance and taxes every year whether you use the unit or not. There will be restrictions on exchanging depending on the rating of your home resort (that's where research comes in). Selling the timeshare can also be a challenging task, but if you buy resale your losses will be minimal if at all. |
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Cher
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3 days to get out of deal
do it!!!
timeshares are a vacation
you get one week every year
about almost anywhere in country
waste of money!!!! |
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pepper
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It's a shared ownership in a vacation property. |
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leadfoot_willie
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Your kidding, right?
If not, you just purchased a 20g headache.
You ARE kidding.....ain't ya? |
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michael h
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In brief, a timeshare entitles you to spend a period of time at, perhaps, a development at the seashore. The developer sells "shares" in the project to a large number of people. Of course, you must schedule your occupancy with the manager in advance. Theoretically, a timeshare might allow you to visit a favorite place frequently at a lower cost than staying in a hotel.
Unfortunately, I have heard that timeshares depreciate greatly upon being sold, thus are not good investments. |
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thas how i roll
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It's where everyone puts in money and they each get 2 weeks or so out of the year to own something such as a babim in the mountains or something like that. The down side is you need to go to the same place over and over again the same exact time every year |
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vgordon_90
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You just probably bought yourself a $20,000 headache. A timeshare is a property that is bought and used for a brief period of from 1 day to a few weeks a year as a vacation spot usually.
Did you actually sign a real estate or timeshare ownership certificate? Did you put down any type of deposit on this?
How old are you? Are you an adult?
The reason I ask those questions is that you cannot purchase real property (such as a timeshare) in mopst states until you are 18 or 21. If you are not of age, then you could try to get out of it by letting them know you are not 18. DO NOT SIGN ANY MORE DOCUMENTS UNTIL YOU ARE SURE OF WHAT YOU ARE DOING.
Timeshares are sold by greedy developers who make a profit on each sale and will do anything to sell one including coercion.
DO NOT SIGN ANYTHING.
It's probably best if you contact a lawyer or obtain legal help. |
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Moondog
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You get to use an apartment or condo for a week or two every year. You have to pay some kind of fee for the use. Basically it is a very successful way to seperate you and your money. |
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luis
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when that ticket is to enter free but you have to share it with other people every couple of months or maybe even most of the year... |
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rhona p
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it sounds like you have volunteered to pay $20,000 to buy a TIMESHARE unit at some vacation/resort type of place. more details will help.
if you didnt have the $20,000, i'm sure you were not thinking AT ALL.
a timeshare means youhave bought the right to stay for one week of the year at the specified resort but this week or the resort is exchageable or rentable etc.
please read the following to get some idea of what can, but need not, happen:
http://www.aruba.com/forum/f7/poor-timeshare-exchange-1037/ |
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Barkley Hound
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It is partial ownership of a resort property for a set number of days a year. You are charged twice what it is worth and when you sell it you will get 1/2 of what it is worth. Even though you own it there are fees every time you use it. |
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Mean Mr. Clean
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It's an apartment you only own a right to during certain weeks (preset, or sheduled) of the year.
Usually, an agency gets like 50 people to go in on, or "buy," times slots for a particular piece of property. You get a certain time slot. |
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Mama
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Wow - talk about a rash buy.
But....
Depending on what company you are through, timeshares mean that you own it for a certain period during the year. They are all set up differently. I would think if you bought it, they would have given you the dates you could use it. Often, if you want to trade your time you can for a different place. I would suggest calling the company you bought it from and asking them for all the details. |
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ىþ€¢ŦÑΰm
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Nothing is free is my friend . They just want your information. |
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Chef Frisbee
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wow - I hope you are kidding cause you got ripped
For that $20K I could have set you up with condo vacations at over 3000 locations worldwide for the next 40 years. |
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kevrigger
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Looking for attention again huh? |
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