timeshare facts
Timeshare News

How Timeshares Work

The timeshare industry got its start in the 1960s. The first account of this through my research at Timeshare Bee Gone was in the French Alps’ at a ski resort.  Alexander Nette and his partner invented the concept of timesharing.

A timeshare as we know it today is a piece of property that can be single we have multiple dwelling units. I single or property or any unit attached to a whole property is divided by 52 weeks.  Each week of a specific property has its own deed, so you own that property for the specified week you purchased. The deed is recorded in the courthouse just like it is when you buy a residential or commercial piece of property.

The timeshare concept has created so many travel opportunities for people that buy them.  Once you have your timeshare paid in full just like the home mortgage you own it and can transfer that property to your children if you choose to do so.

RCI is an exchange network that has 4300 affiliated resorts. You can exchange the week you purchased for another week in the network at another location.  This lets you and your family have flexibility in where you want to visit.

Timeshares historically are not pitched as an investment but in my opinion, once you own your timeshare you have locked in your savings on accommodations because regular hotel prices continue to go up year after year. So the real question is a timeshare worth it?

If you have purchased a timeshare and you want to get rid of it, we can assist you with that process at Timeshare Bee Gone.