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Timeshare Explained
Buying Timeshares
Selling Timeshares
Renting Timeshares
What is Timeshare?
Exchanging Your Timeshare
What are Fixed and Floating Weeks?
Hotel or Timeshare?
Long-term savings over hotels

Timeshare Explained

 

View over Loch Ard from Forest Hills Ben Lomond apartmentsTimeshare means a lifetime of luxury holidays in 5 star Resorts around the world.
Once you become a Resort Owner your range of holiday options becomes enormous. You can use your own resort as a home from home every year or exchange your weeks for a holiday at another timeshare resort, at one of over 4000 resorts world-wide that are available through the exchange facility.
Aberfoyle Holidays have weeks available around the world in hundreds of different resorts.

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Buying Timeshares


Windermere Marina Village Since timeshare was invented back in the early 1970’s it has continued to grow as a flexible, easy and economical way of fulfilling many people’s current and future holiday requirements. Today there are over 350,000 UK families and over 4 million families worldwide who own timeshare, and over 4,000 resorts offering high quality accommodation and facilities to meet every taste and requirement.
Located in some 90 countries throughout the world, timeshare resorts can be found next to the sea, in the countryside, in the mountains and in cities. The majority of resorts include extensive leisure facilities such as health clubs, swimming pools, golf courses, restaurants and bars and are often located in areas which offer extensive scenic, historic and contemporary attractions.
When you buy timeshare you are acquiring the annual use of high standard holiday accommodation at a specific resort which is yours to use every year either for a fixed term or in perpetuity.
In addition, when you own a timeshare you can "deposit" your week in a vast computer spacebank of alternative accommodation which you can exchange with other timeshare owners all over the world. This means you can enjoy a different holiday every year all paid for in advance because of your existing timeshare ownership.
When you buy a timeshare from Aberfoyle Holidays the procedure is that we will send a sales agreement either by post or email. You have a 14 day cancellation period when the agreement is signed and once we receive payment either to Aberfoyle Holidays or through our escrow service we then begin the transfer process. It is important to note some resorts can take longer than others to complete the transfer but an average time is 6 weeks.

Selling Timeshares

Orange Lake FloridaWe offer free a registration service to all of our resale customers, beware of resale companies who ask for a registration fee and promise to sell your timeshare at an overvalued price.

Timeshare, like most other things in life, can cease to be as useful or enjoyable as it once was. The good thing about a Timeshare, as opposed to other types of holidays, is that when you have all your great holidays out of it you can sell it and recoup at least some of your initial outlay.

Our Advertising Option Packages
We believe you should be able to choose how your timeshare is advertised and our Advertising Option Packages provide you with a great choice which you can upgrade at any time. However you choose to sell your timeshare week you should bear in mind the fact that any potential sale is dependant on your selling agent finding someone suitable for your week. This can happen very quickly but in some cases can take longer than a year. For this reason the web site advertising fee is a one off payment for as long as it takes your timeshare to sell. Our options package can be viewed by clicking here

Renting Timeshares

We provide a fantastic timeshare and non-timeshare self catering holiday rental service. This service allows owners to rent out their week without having to go through the resort and pay up to 60% commission . Obviously the other side of the coin is the renter is able to rent the week at a much reduced rate. Please go to our rental page to see where we have rentals available, and if you would like Aberfoyle Holidays to rent out your week please telephone or e-mail us to find out more information.

What is Timeshare?


Orange Lake Resort  Florida The concept of Timeshare as a means of securing years of high quality
holidays was invented in the early 1970s. Since then it has grown to the point where over 350,000 families in the UK and over 4 million worldwide now own Timeshares.

There are various different kinds of Timeshare but the basic principles are simple. Developers build high-quality holiday resorts which are open for the whole year. People then buy a period or periods of time from the developer, either on a leasehold or freehold (in perpetuity) basis.

Once you own your Timeshare then you are free to use it in variety of different ways. Many people buy a particular apartment in a particular resort at a particular time of year and use their own timeshare as a holiday home. Other people take advantage of the almost endless options available for exchanging their Timeshare for other timeshare resorts throughout the world. There are over 4000 Timeshare resorts worldwide, in every continent. The benefit of holidaying by exchanging your Timeshare is that there is an assurance that the accommodation and facilities you will go to will be of a high standard. Alternatively, you can use your Timeshare to give a holiday to friends or family or provide an income through renting it out. In order to maintain your Timeshare to a high standard, all resorts charge an annual fee to look after your property for you. This is variously called a maintenance, management or service charge and the amount varies from resort to resort. It should cover your share of apartment maintenance, grounds upkeep, staffing, insurances and access to leisure facilities amongst other things.

Because you own your Timeshare property it should be considered as an asset and as such it can be sold on at any time. This can help recoup some or all of your initial outlay. However, it is very important to note that
Timeshare is not and is not designed to be a financial investment. It is an
investment in a very high quality of holiday for as many years as you choose to own it.

What are Fixed and Floating Weeks?

When viewing the availability of timeshare weeks, you will notice that the unit being offered up for sale is generally denoted as either a fixed or floating week. In a fixed week timeshare, the owners will always have the same week each year; for example, week 52 or week 35. Alternatively, with a floating week, your time period is defined by a season and your week is not fixed. You reserve your time period within the appropriate season annually; most resorts have High, Medium, and Low Seasons. Owners of a floating unit at a resort might not vacation in the same physical unit each year. Interval owners may request a specific unit and, if available for that particular week, the resort normally will honour the request.

Exchanging Your Timeshare

BahamasUsing a timeshare to travel the world provides the most cost effective way of ensuring top quality holiday accommodation for you and your family.

The 2 largest international exchange companies work in broadly similar ways and are called RCI and Interval International. Their job is to arrange swaps between the time periods owned by their millions of members and they can be seen as private travel agents working in the interests of their members. You pay a small annual fee to be a member and an exchange fee when you do a swap. This fee covers your whole party and is not per person. Both companies break the year down into seasons; RCI have Red (high season), White (mid season) and Blue (low season) while Interval International use Red (high), Yellow (mid) and Green (low). These seasons depend on how highly demanded a particular resort is at a particular time of year and you can generally swap the time you own for the same or lower colour band.
To be included in either international exchange system any resort has to be of a very high standard. Everyone who exchanges into a resort completes a questionnaire to help weed out substandard resorts and the exchange
companies send their own representatives to further monitor standards. There are also resorts that are given further accolades based on their facilities and general quality.
The international exchange companies can also arrange flights and car hire for you at very competitive prices.
If you are considering buying a Timeshare with a view to exchanging it then there are a couple of points worth bearing in mind.

You do not need to swap your period of ownership for the same one at another resort. You can exchange for any period within your own or a lower colour band (see above). Having said that, if you need to travel in school holidays, need a particular size of apartment or guarantee staying in the resorts with extra accolades then you would be best
advised to own an equivalent property.
·Any exchange company can only exchange you into a property that someone else has given to them. Therefore it is important to be as flexible as possible in terms of resort location and time period as you can. Start arranging your swap as far in advance as possible to ensure that you get a holiday that suits you.

Hotel Holiday vsTimeshare Self Catering Resort


When you're traveling with a group of four or more, cramming into a single hotel room or trying to arrange adjoining rooms can be difficult and costly. Most people don't realise that timeshare units are so much more different than hotels.

Hotel room with a bed and a bathroom
This setup is particularly difficult for families with small children. When the children go to sleep,the parents options are limited, as the whole family is sharing one room.

But, with a timeshare, you typically get a self catering unit.

A typical timeshare offers:

One, two, or three bedrooms
A central living room (usually with a sleeper sofa)
Dining area
A complete kitchen with full-size stove, oven, microwave, and dishwasher, as well as dishes and utensils
Washer and dryer
One, two, and sometimes three full bathrooms

With a timeshare, parents can put the kids to bed in one bedroom and continue to enjoy themselves in the spacious living areas.

Many timeshare resorts offer complimentary children's activities, such as arts and crafts, pool games, t-shirt making, karaoke, and more, giving parents a chance to spend some quality time together. With swimming pools, water parks, miniature golf courses, bowling, family game shows, and movie nights, just to name a few, activities abound for the entire family.

In addition to the special differences and available activities, a timeshare can open up a host of options that are not available to families staying in a hotel. The full kitchen allows families to eat meals in their unit rather than in restaurants. Many timeshares offer movie rentals on-site and VCRs or DVD players in the units, so families can save money on entertainment as well.

It truly is the best way to go when traveling with groups. You get to spend time together while maintaining your privacy.

Long-term savings over hotels


The basic timeshare concept is simple: you pay a one time purchase fee that entitles you to a week every year (or sometimes every other year) at a resort. Instead of renting your holiday, you now own them. However there are maintenance fees to pay on your timeshare every year which are included in the table below. You will also notice that the example does not include any resale value.

Example:

Costs of Renting in a Hotel  
Weekly Cost of Hotel Room(based on 2 people) £1000(£142 per night)
No of Years Holidaying 30
Total Cost £30000 (Before inflation)

 

Costs of Owning a Timeshare  
Annual Maintenance Fee  £350
No of Years Holidaying 30
Total Cost of Maintenance Fees £10500 (Before inflation)
Purchase Price £5000
Total Cost £15500

 

 

 

 

 

 

 

 

 
 
Aberfoyle Holidays Ltd. Viewforth . Main St . Aberfoyle . Stirlingshire . Scotland . UK . FK8 3UG
tel: 0044(0)1877 382390 . fax: 0044(0)1877 382394 . e-mail:
enquiries@aberfoyleholidays.com