Post Tagged with: "timeshare contract"

Benefits and Drawbacks of Timeshares in Mexico

August 4, 2018 at 11:46 am

When deciding whether to purchase a timeshare in Mexico, there are both benefits and drawbacks to consider. As with any financial decision, it makes sense to thoroughly examine each angle before coming to a conclusion. Continue to read below to learn more about the pros and cons to determine if owning a timeshare in Mexico is for you.

Benefits and Drawbacks of Timeshare in Mexico pros and cons

  • Compare Timeshares to Stand Alone Vacation Homes: When compared to purchasing a stand alone vacation home in Mexico, a timeshare is a smarter choice if you are able to get away for a week or two at a time. If you can’t travel more than that, then there is no point in owning a stand alone vacation home that will end up unused most of the year. If you purchase a timeshare in Mexico, you only spend money on the time you are there, and don’t waste precious resources on maintenance and upkeep for something you aren’t using. Since timeshare maintenance costs are divided up amongst each timeshare owner, the cost is low and affordable for everyone.
  • Timeshare Advantages: One of the best parts about committing to a timeshare in Mexico is the fact you secure a vacation in your preferred destination. Life can sometimes pass us by with the responsibilities of work and family life, and we often forget to make time for ourselves. As an owner of a timeshare in Mexico, you prioritize what really matters – quality time for you and your loved ones in a beautiful, relaxing setting. Additionally, if you choose a timeshare in Mexico that is part of a group of resorts, you will be able to visit other resorts within the group. One example of a great timeshare group is The Villa Group that offers amazing timeshare resorts in the best destinations in Mexico such as Cabo San Lucas, Cancun, Loreto, Puerto Vallarta, and Riviera Nayarit. When you own a timeshare in Mexico through The Villa Group, you are permitted to use your week of vacation time at different resorts within the group so you can add some spice and variety to your getaways.
  • Make Time for You and Your Family: In addition to carving out some much needed time for yourself, do you also hope to share your timeshare in Mexico with friends and family? Most timeshare companies will let you share as long as you plan ahead and notify the resort you will have guests. Unable to vacation and don’t want to lose out? It is possible you can also rent out your block of time if you are unable to use your timeshare week for whatever reason, just make sure to check the details of your timeshare contract to confirm. It’s a good way to make some extra money!
  • Are there Timeshare Disadvantages? This all sounds great, so are you wondering what the drawbacks are? In regards to maintenance, monthly fees are minimal but they can go up over time. And it is important to note that whether you use your timeshare or not, the monthly maintenance fees must be paid. Also, used timeshares or timeshare resales are sometimes difficult to sell when compared to new timeshare units. However, it is more likely you won’t ever want to sell your timeshare as it will guarantee quality family vacation time that is priceless.

As you can see, there are benefits and drawbacks to having a timeshare in Mexico. What do you think?

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Fractional Timeshares

July 11, 2018 at 11:15 am

You may have heard about fractional properties and you thought they are basically the same as a traditional timeshare. While both traditional timeshares and fractional timeshares are great investments, you should also know that there are major differences between the two. Fractional timeshares and traditional timeshares have many differences and you can learn more about their differences by reading below.

  • Yearly Use and Ownership Numbers

Approximately fifty-two owners share one unit with a traditional timeshare, and this is designed so that each timeshare owner can have one or two weeks at the property each year. Approximately four to sixteen owners share a unit with a fractional property. With a fractional timeshare membership, you will get to use the unit more times each year than a traditional timeshare. Typically, the fractional owners can spend anywhere from three to twelve weeks each year at the property for their vacations. If you feel like you don’t get enough vacations in a year, then a fractional ownership could be a great investment for you.

  • Maintenance and Wear and Tear

One important difference that exists between fractional ownership and timeshare ownership is the wear and tear that occurs at the property. It is important to know that with a traditional timeshare ownership there can be up to fifty-two owners for one single unit. There will be a new family arriving each and every week at the property, which means the traditional timeshare will receive a lot of traffic. The traditional timeshare property will have a lot of wear and tear due to the sheer volume of visitors it receives, which means that the property will likely become older more quickly. Due to the large amount of traffic the property receives each week, that usually results in more damages, too. Fractional properties have less owners and there isn’t a big turnover either. The staff knows all of the guests and each vacation experience for fractional owners is a great one. Fractional properties have well-built construction for each unit and the décor is upgraded. Only high end fixtures are used at the fractional properties and you can expect to have more amenities and the best services when compared to traditional timeshare properties.

  • Required Income

The required income needed to qualify to be an owner with the fractional ownership versus the traditional timeshare is a noteworthy difference. To be qualified for a traditional timeshare ownership, the minimum income required will start off at $75,000. To be qualified for a fractional ownership, you will have to make at least $150,000. With the large income discrepancy required for a traditional timeshare ownership and fractional ownership means that the clientele will tend to be at a higher level for fractional owners. Fractional owners are used to living a higher standard and they expect the best amenities and service from the staff, too.

  • Second Home Connection

Usually, traditional timeshare developments are very large and they often have hundreds of units. Fractional properties are much smaller and there are usually only fifty units, which provides a more exclusive environment that some people are looking for when it comes to selecting their vacation destination. Traditional timeshare owners are not as connected to their unit and property because they only spend seven days at the property each year. For a fractional property owners, they often consider their unit and property as their second home. One similarity between traditional timeshare ownership and fractional ownership properties is the ability of spend your vacation time at another property that is within the network of the resort. Fractional property owners can use their weeks at another resort property just like the traditional timeshare owners do as long as the resort is within the resort group’s exchange network.

There are many differences between fractional timeshares and traditional timeshare ownerships. Knowing the differences between them will allow you to know which one is best for you. Do you want to invest in a traditional timeshare ownership or a fractional timeshare ownership?

 

Timeshare Contract Cancellation

June 16, 2015 at 9:14 am

What You Can Do if You Would Like to Cancel Your Contract Timeshare

The first step in cancelling your timeshare contract is to think about the reasons that you want to cancel, and if one of the reasons is that you are nervous and some people have told you bad things about timeshares, then think it over first.

Think Twice

Often people start to think twice when they have made a big purchase on vacation, but there are just too many benefits of having a timeshare for you and your family to just cancel so quickly. It is expensive and takes a lot of time to cancel a timeshare contract, so make sure this is what you really want to do before you actually start the process.

Avoid Timeshare Contract Cancellation Scams

Refrain from taking any advice from forums on timeshares. Why? Many companies like to take advantage of timeshare members who are having any doubts, and they want to be there to offer expensive legal advice. If your timeshare has not broken any laws, then you have no legal rights to just cancel your contract. This is why it is important that you get a second opinion. Don’t listen to these companies that claim they will get a cancellation and a refund for you as these companies are generally scams.

Timeshare Contract Cancellation

Collect the Facts

If you believe that you have legal reasons that will allow you to cancel your contract for your timeshare, then get the facts first. A legal reason would be a scam or a resort that is not been represented to you fully. If you are arguing the difference between what you understood from the seller and what is written in your timeshare contract, then you won’t be able to cancel the contract. The contract is legally binding in court. If the contract is totally misrepresented and all the facts are not true, then you have legal reasons that allow you to cancel the contract.

Contact the Timeshare Company

If you are thinking about timeshare contract cancellation, then the best thing you should do is to personally contact your timeshare company to see if they can fix any problems that you are dealing with about your timeshare. The timeshare company will generally try to rectify any issues that you are facing to help you, so you don’t need to cancel your timeshare contract without good cause or reason.

There are many reputable timeshares companies out there, but you should always check to make sure before you purchase that the timeshare company you are about to buy from is one of the reputable timeshare companies, so you never have to consider cancellation of your timeshare contract.

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