I want to know Advantages & disadvantages of buying time sharing packages.?

Question

yes time time share packages? for example timeshares sold at Disney and Marriott

Answer 1

Timeshare is definitely for people with NO FINANCIAL problems and when doing it for the RIGHT reasons and under the RIGHT CIRCUMSTANCES it can be a GOOD THING.

BIG "NO,NOS" IN TIMESHARE:

*If you normally spend less than $100 USD a night for accommodations then timeshare is NOT FOR YOU

*It is not a financial investment

*Don´t buy if you plan to rent it

*Don´t buy if you plan on reselling

*Don´t buy if you plan on exchanging often

*Make sure you can afford to travel at least one week a year

*NEVER BUY FROM THE DEVELOPER

THE RIGHT CIRCUMSTANCES:

*This system makes vacation home ownership possible for many people who cannot afford a second home or who otherwise would not be able to enjoy such resort facilities. Timeshare is an investment in lifestyle, in future holidays, in family time together, and when viewed that way it can be a good investment indeed.

*Get it in an area the you LOVE and that you would visit every year without a problem

*Get it in a very nice Resort (where normally people would pay at least $200 a night)

*Get it in the resale market (it would cost you less than $1000 USD) so all what you have to spend is the maintenance fee.

HERE ARE THE NUMBERS:

$200 USD a night (in a decent resort) x 6 nights = $1200 USD

Maintenance fee in a NICE RESORT  x 6 nights     = $700

*Maintenance is a "decent resort"      x 6 nights   = $400

You do the numbers.

Answer 2

What is time sharing packages are u referring to time share packages? for example timeshares sold at Disney and Marriott

Answer 3

Time shares can be a reasonable choice for people who repeatedly go to the same place for their vacations.  In that situation they are buying a week or two per year of nice accommodations at a place they expect to visit regularly.

But the disadvantages are enormous.  Timeshares are expensive and can be difficult or impossible to sell.  If you are lucky enough to find a buyer, you are virtually certain to sell for only a small fraction of what you paid.  You may get tired of going to the same place, or your schedule may not allow you to travel when the timeshare is available.

Naturally, timeshare salesmen won't accept that there are any disadvantages at all, so don't try to argue with them.  If you don't plan on repeat visits, they will just say that you can exchange your timeshare for a different one in thousands of locations around the world.  True, but the exchange costs money, so you get the expense of making an exchange on top of the cost of buying the timeshare in the first place plus the annual maintenance fees.  All in all, it's a very expensive and inconvenient way to pay for what is essentially just a fancy hotel room.  And think about this - how much time do you really spend in your hotel while you're on vacation?  If you're like most people, it's as little as possible.  You probably prefer to get out and sight see or enjoy the attractions of the resort you're visiting.