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How do timeshares work?
Call me stupid but I don't have any idea how this works. Can anyone explain it to me?
Thanks!
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Posted 2/9/09 1:00 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
ali120206
2 Boys
Member since 7/06 17795 total posts
Name:
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Re: How do timeshares work?
You basically buy a week at a selected resort for a specified amount of time (some have a limit, some can be willed down to your heirs). The price varies based on number of bedrooms, whether the week is peak, location, etc.
After the initial purchase, each year, you pay maintenance on this unit.
You can either spend a week at that unit each year or trade it to spend time elsewhere based on availability.
Ours is through Starwood so we could either take our week (any week in Orlando other than Christmas, Thanksgiving, Presidents week, Spring Break), trade it within the Starwood network for free (there are 8-10 resorts), or pay a $150 fee to trade it in the larger Interval International network (which we usually end up doing). The other large network is RCI.
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| Posted 2/9/09 1:29 PM |
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Re: How do timeshares work?
Posted by ali120206
You basically buy a week at a selected resort for a specified amount of time (some have a limit, some can be willed down to your heirs). The price varies based on number of bedrooms, whether the week is peak, location, etc.
After the initial purchase, each year, you pay maintenance on this unit.
You can either spend a week at that unit each year or trade it to spend time elsewhere based on availability.
Ours is through Starwood so we could either take our week (any week in Orlando other than Christmas, Thanksgiving, Presidents week, Spring Break), trade it within the Starwood network for free (there are 8-10 resorts), or pay a $150 fee to trade it in the larger Interval International network (which we usually end up doing). The other large network is RCI.
Wow that seems to interesting. Would you mind FMing me a price range for how much they typically cost? Thx!
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| Posted 2/9/09 2:54 PM |
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