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Lets compare
timeshare units
Some interesting timeshare facts
about timeshares:
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Nearly 90% offer one-bedroom units
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Nearly 75% offer two-bedroom units
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Nearly 90% offer a partial or full
kitchen in each unit
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27% have a washer/dryer in each
unit
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More than 23% have a fireplace in
some or all of their units
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More than 88% have a swimming pool
on site
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Nearly 47% have a whirlpool or hot
tub on site
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More than 41% have a sauna on site
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You didn't know there
were so many choices, did you? There are. That's where a
professional group odf people like the folks at Timeshare Gems! can be
invaluable in helping you to find the best unit for you and your
family.
There are many ways to
judge real estate, and we will cover some of the timeshare basics in
this section.
Timeshare Awards
| Gold Crown Resort, RCI - A select number of RCI-affiliated
resorts that have attained the highest level of excellence in
resort accommodations and hospitality. |
| 5 Star - 5 Stars is the very best resorts that II has to
offer. |
| RID - Resort of International Distinction. These
are resorts that have achieved high ratings. They are a
step above a regular unit, and a step below a Gold Crown
Unit. RIDs are only found at RCI affiliated resorts. |
Timeshare Colors
RCI and II have their own color systems to make it quite easy to
read the status level of a unit.
| Red in either system is the very best weeks that resort
has to offer. You will also notice lots of resorts that
list themselves as Red from January 1 to December 31.
There are always some weeks within a color that are better than
others depending on the individual owners needs. |
| White (RCI) - Yellow (II) Usually decent weeks but they
obviously don't have the appeal that Red weeks do. These
weeks can be good trading weeks. Especially if you have a
week in a place in high demand, or a special unit. |
| Blue (RCI) - Green (II) The lowest rung on the
ladder. Off season weeks that can be gems! That's
right. Traded far enough in advance, or at the last
minute, these weeks can be excellent for exchange
purposes. But you have to be more creative. |
And finally, what
are the types of units available?
| Fixed Week: Timeshare units
sold for use during a specific week of the year. |
| Floating Week: This can be
any week reserved for the timeshare owner during a certain season.
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| Fractional: Ownership is
sold in multiple-week packages, usually four or five weeks in each
year, or as a quartershare (13 weeks). This type of purchase option
is popular in high-demand spots such as ski, beach and island
resorts. |
| Vacation Clubs: Rather than
purchasing timeshare in a certain size of unit at a particular
resort, Vacation club members purchase the opportunity to use a
variety of timeshare accommodations at various resort locations,
usually within one developer’s chain of resorts. Many clubs operate
on a points system, but not all. |
| Points Systems: These offer
the greatest flexibility to the timeshare owner. Participants of
these systems purchase points which they use as currency to reserve
timeshare accommodations of various sizes, during different seasons
and for varying lengths of time. The points can also be used for
other vacation products such as airfare, hotel stays and car
rentals. |
| Deeded Agreements: These
allow the timeshare owner to use his/her interval forever, just like
buying a house. Under this agreement, the owner may rent, sell,
exchange or bequeath the vacation interval. Deeded agreements can be
for fixed or floating weeks. |
| Right-to-Use Agreements:
These stipulate that ownership of the resort remains with the
developer. The timeshare developer gives the purchaser the right to
use the specified resort accommodations for a certain number of
years, usually ranging from 10 to 50, after which all rights return
to the developer. These agreements can be for either fixed or
floating weeks and are also commonly part of vacation club or
points-based memberships. |
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