Facebooktwittergoogle_plusFacebooktwittergoogle_plus

Many people do not really understand what timeshare is all about, which may prevent them from reaping the benefits that this type of holiday arrangement can offer. Media reports also provide a skewed slant on the industry, which can allow misconceptions to thrive. Here are some of the most common misconceptions about timeshares.

It is not flexible

Timeshare is not just about holidaying at the same place year after year. Although this is the original concept, the timeshare sector has evolved significantly over the years. Now, timeshare owners can choose to exchange holidays, so they can travel to different locations each year, and can have different types of holiday experiences, including cruise holidays, golfing or spa holidays as well as the traditional beach holiday.

You are stuck for life

Some people are put off the idea of owning timeshare as they do not want to be saddled for life. If you take out a timeshare agreement that is in perpetuity, this will last forever. Not all timeshare agreements, however, have to be lifelong. You can decide how long you want the timeshare for, but make sure this is made clear on your agreement contract before you sign it.

Timeshares are impossible to sell on

There is no denying that there are more people wanting to sell timeshare than buy one, but that is not to say selling is an impossible feat. A lot depends on the particular property, resort and location, and how popular this is. There are lots of things you can do to help improve your prospects of selling timeshare, such as pricing it competitively and using an expert and reputable agent to help you.

It is not good value for money

Owning timeshare is what you make of it, but in many instances it can actually work out cheaper than buying normal holiday packages. Since the timeshare is shared by a number of owners you can make long-term savings compared to staying in hotels, especially in those areas that are quite expensive. If, however, you find that you are not using your timeshare any more, it can be a waste having to pay the annual maintenance fees. In this case, it might be worth thinking about selling it.

Limited availability

Many people may be put off the idea of owning a timeshare as they think they are limited in their options. This could not be further from the truth. There are hundreds of timeshare properties throughout many destinations worldwide. As an example, leading timeshare exchange company RCI alone operates more than 4,000 resorts in over 100 countries, so no matter what type of holiday experience you are looking for, you should be able to find it by taking out a timeshare.