Q: I’ve read that this is a “not for profit” web site. Why is there a membership fee? A: The membership fees pay for this site and all the associated costs of running the Timeshare Users Group (phone bills, online fees, web site fees, domain registrations, postage, etc….. but no labor costs…. we are an all volunteer organization. Q: What are maintenance fees? And how much are they? A: The cost of resort operation is spread among owners via an annual maintenance fee. The fee must also build up reserves to pay for non-recurring costs like furniture, appliances etc. that need periodic replacement and other capital costs as normal physical deterioration occurs. Cost is established by the developer or homeowners association. Caution: When a developer is in control, maintenance fees may be temporarily subsidized by the developer as a marketing tool while there is sales activity. After the homeowner association takes over, fees may quickly rise to unsubsidized levels. Special assessments are sometimes added to maintenance fees to cover unexpected (non-reserved) expenses. The association boards of director’s passes these assessments. Severe storm damage would be an example where an extra assessment would apply. Maintenance fees vary with the location and resort, but usually are in the $200 to $1000 per year range. Q:Is buying a timeshare a good investment? A:Timeshare ownership is an investment in quality vacations. Purchasers who buy a timeshare strictly for speculative reasons are usually disappointed as the resale market for timeshares does not appreciate as well or as fast as other real estate investments. As an investment in YOURSELF and your leisure time, a carefully researched timeshare purchase can be a good investment when compared to the cost of renting alternative comparable accommodations. Q: If I decide to buy a timeshare, should I buy “new” from the developer or “used” as a resale? A: All factors being equal, a resale from a previous owner or a resale company, will probably cost considerably less than buying direct from the developer. Deep discounts of 50% and more are not uncommon. There are instances where buying from a developer may be your only choice. Lack of a unit with the amenities, location or “extra” added programs like the Marriott point program might be a consideration to buy from a developer. Again, research your decision BEFORE you buy to secure the best deal for you. Where should you begin this research? I think you know the answer. Think “TUG”! Q: Where is the best place to own a timeshare? A: The answer can be as individual as each owner but the consensus answer falls into two categories based upon intended use. If you intend to return to your resort frequently and exchange occasionally, your best choice is a resort you enjoy often. If your primary intent is to maximize trade value and you do not intend to stay at your own resort very often, then you should buy at a resort, which is in high demand. While there is no single “best” choice, the current consensus of opinion says that Hawaii and coastal California are two easy choices that will produce top results. There are many variables that would apply to any particular choice and a potential buyer is strongly advised to research factors that affect timeshare trade values before making a final choice. A membership in TUG that provides access to the resort ratings and reviews is an excellent place to start. Q:Fixed week .vs. floating week ownership, what are they and which is better? A:Fixed week ownership means that you have the right to occupy (or have available for trade or rent) a specific week and unit number at the resort you own every year. Floating (sometimes referred to as flex) ownership means that even though you may be deeded a specific week and unit number, you have no use claim on that week or unit. Instead you have the opportunity to request a week within a specified range of weeks during the year. The range of weeks available for flex use is set by the resort and is the same range of weeks from year to year. Advantages of owning a fixed week: You are guaranteed the week and unit you want every year (especially applicable to colder climate owners who want to vacation where it is warm in winter). Advantages of owning a floating week: For those who are concerned about unforeseen work or schedule conflicts associated with a fixed week, floating time allows for additional planning options. There are more implications with either type ownership especially as it applies to trading and vacation planning. A prospective timeshare owner is urged to examine the differences and make a choice to match the situation before purchasing.

Q:What is a bonus week and how can I get one? A:The simple answer is that a bonus week is an “extra” week in addition to the one you own. It’s given or sold as an incentive to timeshare owners for a specific reason. A Developer Bonus Week (DBW) is available to members who own at participating resort. These bonus weeks are issued directly from the resort. They are sometimes issued as a signing bonus upon the purchase of a timeshare interval . Owners can sometimes purchase them from the resort as unsold developer owned weeks. A second type of bonus week is one issued by an exchange company. Owners of high demand resort weeks receive them as incentives to deposit their timeshare week. Bonus weeks are sometimes referred to as “Vacation Escape” weeks, “Getaway” weeks (or weekends). They are available to members of exchange companies like RCI, II and SFX. The Exchange Company makes bonus weeks available for purchase by members for a nominal fee. Purchased bonus weeks are considered “excess inventory” likely to go unused. Excess inventory is determined by the historical number of deposits versus the number of requests for each particular resort. Bonus weeks usually come with expiration dates and may have other use restrictions relating to location, season and holidays.

Q:Which exchange company is best? A:This is a “Coke vs Pepsi” question but it may be a moot point. The resort you own is probably affiliated with only one Exchange Company. There are, however, a few resorts affiliated with both. Do not let the resort’s affiliation affect your decision to own or buy at the resort. Although there are preferences among people who have experience with both major exchange companies, there is no unanimous opinion that one is better than the other. It should be noted that there are more than the two BIG exchange companies. TUG maintains a comprehensive list of timeshare exchange companies. Q:If I deposit my week with an exchange company, does someone need to “take” it before I can request my desired week? A:No. As soon as your week is deposited, you can request and get the week you want if it is available. Q:I was contacted by company “X” offering to buy/sell/rent my timeshare for a fee. Can I expect them to do a good job? A:Past experience by members and visitors to TUG have been unanimous in this regard. Never pay an upfront fee as a condition to buy, sell or rent your timeshare. This situation is probably the most common situation where an owner will probably be dissatisfied. ANY fee required before performance will probably be lost. These “fees” come disguised as “agent commissions”, “appraisal fee”, “advertising fee”, etc. etc. They all have one thing in common. The money is always requested before performance is complete. Some of the more notorious companies preying on timeshare owners desperate to sell their timeshare will have the words “bank”, “trust”, “investment” in their company title. This is in an attempt to instill a feeling of confidence in their target. Do not be a victim. Verify the credentials and performance of any company making this type of offer. If necessary we strongly suggest dealing only with an agent who works on commission from proceeds of sale. Failing that, there are experienced TUG members willing to offer advice on the “how to’s” of selling your timeshare. Visit the TUG BBS and start asking questions. Q:I am an RCI member. Can I transfer weeks to other RCI members? A:Reply from RCI: The form in the back of the RCI Directory, Membership Transfer Application, is mainly used for the sale of timeshare, but also for transfer of weeks. The most important parts of the document are the areas which indicate your account information, the week you want trasferred, and to what account it’s going to. As long as we have that information along with your signature, it should be taken care of. That information can also be listed in a signed letter if you prefer. Once the information is completed, you can fax it to us at 317/805-9335 if you wish. Hope this helps. Thanks for visiting our website. Darrin Goodwin, RCI Internet Team. Q: Since a timeshare accommodation usually has more facilities than a hotel room, are there any additional items I should consider bringing on my timeshare vacation? A: Most timeshare accommodations have cooking and laundry facilities. While it certainly isn’t necessary to pack anything more than you normally would for the typical vacation, some TUGGERS seem to be a different breed. Take a look at the A.R. Timeshare Checklist and then decide for yourself. (I’ll let you decide for what the “A.R.” stands for) Q:Are there any tax advantages or disadvantages to owning a timeshare? A: Good question. Since I don’t even do my own taxes, I’ll refer you to TUG’s expert Timeshare and Taxes advice page to answer your question.

Q: What is the downside to owning a timeshare? A: * You must continue to pay the yearly maintenance fee, which can increase over the lifetime of the resort, whether you use it or not. * You could be required to pay additional “special assessments” arising from unexpected costs of maintaining or repairing the resort. * Some people feel that owning a timeshare requires excessive advanced planning in attempts to reserve a popular floating week or to obtain a good exchange week. Planning a timeshare vacation a year in advance is not unusual. * The majority of concerns with timeshare ownership seems to center around dealing with cost and interaction with exchange companies. It’s often not the straightforward process the timeshare sales staff would have you believe.

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Most vacationers, who spend the minimum of a week at the beach, usually opt to rent the timeshare for accommodation. Long time vacationers on the other hand, might opt to purchase a place. The concept of time sharing allows one to buy seven days period to spend at the beach condominium instead of having to cough large amounts of money to completely purchase or rent the condo. Time sharing gives a buyer accessibility and ownership of a beach condo occupancy for a week’s duration every year.

When you purchase time share property from world mark, you pay for your units as the owner. Timeshare property financing is also available for new owners of timeshare units, but this option is only available to timeshare properties sold by timeshare developers. Others including the resale option are paid in cash.

So, what the value of purchasing a Worldmark timeshare property? Before we answer this question lets try to figure out what this Worldmark timeshare thing is all about.

Purchasing timeshare property from Worldmark mean’s that you as a buyer is procuring for a specified period to spend on a number of vacation spots availed to you. Each one of your stays in these vacation destinations is awarded credit points, these points are season and time share unit depended. That means the longer your stay, the more points you accumulate, and the better resort destinations and accommodation you become entitled to on your next scheduled visit.

But does that mean that buying a Worldmark timeshare unit is better than renting? In addition, buying a time share entitles you to something, while renting means you don’t own the real property. If you consider buying as a good option for you, then you have to consider the weigh and money matters as well. As a matter of fact renting or buying of time share property depends on factors like rents, prices and many more.

Owning the place you stay means you don’t have to worry about paying rent. The chief benefit of owning a property is that once you are done using it, then you have something of value. When you decide to buy a Worldmark timeshare property, this means that you own something worthy and that can be sold if need be. Its increase in value is dictated by the season and location.

The one drawback of complete timeshare property ownership is the high cost associated with it, this could force you to resort to borrowing as a way to cover other costs like maintenance and management expenses.

Besides buying Worldmark time share, you can buy Worldmark timeshare resale from other unit owners. This is affordable and good money saver as compared to buying a complete new time share. Timeshare resales are easily bought at a quarter the cost of a new unit.

When doing self-assessment prior to purchasing Worldmark timeshare, consider how much you like traveling. Ownership of Worldmark timeshare gives you the flexibility of and chance to visit other places, and this is a real advantage if you consider the many locations available to you at Worldmark. Fitting maybe your only expense because these places are damn costly. You may discover at a later stage that your timeshare property bills have accrued to a proportion that is migraine inducing.

Owning a Worldmark timeshare property is mostly an expression of prestige. So, if you are a practical type of person then it may not be a smart decision to purchase a Worldmark timeshare property. It’s wise to consider your financial status and need before deciding to buy Worldmark timeshare property. Or else buy a Worldmark timeshare resale. Renting is also an option here.

Above all, don’t forget to do your homework before you buy a Worldmark timeshare property. The profitability formula of economics is an ideal one here. If you stand to pay much more for something, why not find a substitute. Ensure you have good grasp of all your rights and considerations as a Worldmark timeshare buyer, because that will give you more confidence when doing your bargaining for the property you indent to buy.

Don’t worry because you’re not alone. Studies show that half the people who attend a timeshare would like to buy but don’t because they need more information or want to take a little more time.  Good companies will try and seek out all of your additional questions and make sure you are completely comfortable with your choice and want to make sure you are satisfied when all is said and done. When you have a timeshare property, you simply forget about the hassles of getting reservations, or the difficulty of deciding your holiday destination in your annual vacations, because you all that is taken care of and all you have to do is pack up and go. Most of the timeshare properties have an indoor or outdoor pool also these days. In addition to that you also get resort facilities. What more somebody might want when they get all these facilities and comfort of home?

Timeshare Methods of Use Timeshare owners may elect to: * Use their usage time * Rent out their owned usage * Give it as a gift * Exchange internally within the same resort or resort group * Exchange externally into thousands of other timeshare resorts Timeshare owners can elect to stay at their resort during the prescribed period, which varies depending on the nature of their ownership. They can rent out their week or give it as a gift to friends and family. Timeshare offers owners the possibility to exchange their week, either independently or through several exchange agencies, to stay at one of the thousands of other resorts worldwide. The two largest exchange agencies are Resort Condominiums International (RCI) & Interval International [II] and there are several independent exchange agencies. RCI and II both have resort affiliate programs and members can only exchange to affiliate resorts. It is rare to find a dual affiliate resort, it is more common for a resort to be affiliated with only one of the larger exchange agencies. RCI is the largest with over 3,800 resorts split between its weeks and points programs. II has more then 2000 resorts. It is important when considering timeshare ownership to consider which locations and resorts you may want to travel to before making your purchase, because the timeshare resort you purchase at will determine which of the major exchange companies you can exchange through. Both RCI and II charge membership fees and exchange fees. They also bar members from renting weeks they have exchanged for. Timeshare owners may also arrange a direct exchange, this requires locating a timeshare owner with the location and weeks both mutually desire. This form of exchange is rare but since it can save in exchange fees it is often sought after. Color Time Color time refers to the travel season for any given resort. For RCI, the designations are: * Red: high demand season * White: intermediate season * Blue: low demand season For II, the designations are: * Red: high demand season * Yellow: intermediate season * Green: low demand season Types of Ownership * Fixed, Floating and Rotating Weeks Ownership is often sold as weeks, the use of these weeks can be fixed, floating or rotating weeks. * Fixed Week Ownership The most basic timeshare unit is a fixed week; the resort will have a calendar enumerating the weeks roughly starting with the first calendar week of the year. As an owner you may own a deed to use a unit for a single specified week. For example week 26 normally includes the Fourth of July Holiday. If you owned Week 26 at a resort you could use your week every year. * Floating Sometimes a timeshare is sold as floating weeks. The ownership will be specific on how many weeks you own and from which weeks you may select for your stay. An example of this, a timeshare may be a floating summer week where the owner may request any week during the summer season generally weeks 22 through 36. In this example there would be competition for prime holidays such as the weeks of Memorial Day, Fourth of July and Labor Day. The weeks when schools may still be in session would not be so high in demand. Some floating contracts exclude major holidays so they may be sold as fixed weeks. * Rotating Some timeshare is sold as rotating weeks. In an attempt to give all owners a chance for the best weeks the weeks are rotated forward or backward through the calendar so one year the owner may have use of week 25, then week 26 the next year and then week 27 the year after that. This method does give each owner a fair opportunity for prime weeks but it is not flexible. * Deeded vs. Right to Use A major difference in types of timeshare ownership is that between deeded and right to use contracts. With deeded contracts the use of the timeshare resort is usually divided into weeklong increments and these are sold as fractional ownership and are real property. As with any other piece of real estate you may use your week, rent your week, give it away, or leave it to your heirs. With right to use, the timeshare purchaser has the right to use the property in accordance with the contract but at some point the contract ends and all rights revert to the property owner. In other words, the right to use contract grants the right to use the resort for a specific number of years. In many countries there are severe limits on foreign property ownership so this is a common method for developing timeshare resorts in countries such as Mexico. Disney Vacation Club is also sold as a right to use. * Vacation Clubs Vacation clubs are organizations that may own timeshare units in multiple resorts in different locations. They are sold both as deeded or right to use and club members may reserve vacation time at any of the owned resort units based on availability. * Points Programs Resort based points programs are also sold as deeded and as right to use. Points programs annually give the owner an amount of points equal to the level of ownership. The timeshare owner in a points program can then use these points to make travel arrangements within the resort group. Many points programs are affiliated with large resort groups offering a large selection of options for destination. Many resort point programs provide flexibility from the traditional week stay. Resort point program members may request from the entire available inventory of the resort group. Exchange Company point programs are not a method of ownership nor are specifically associated with one resort or resort group. With the Exchange Company points programs the members may be limited to exchanging for weeks deposited by other members. A points program member may often request fractional weeks as well as full or multiple weeks stays. The number of points required to stay at the resort will vary based on a points chart. The points chart will allow for factors such as: * The popularity of the resort; * The size of the accommodations; * The number of nights; * The popularity of the season; * and the specific nights requested. There is flexibility as well as complexity in point programs. Important Note on Ownership * With any of the above mentioned ownership methods, a timeshare owner is legally and contractually tied to that ownership. * A timeshare owner has rights, responsibilities and legal obligations. Once the timeshare contract is made it is not easily ended. * These contracts and obligations belong to the timeshare owner until the timeshare is sold or ownership is transferred through some other means. Rescission Period In many developer contracts (and often required by government statutes and/or regulations) there may exist a Rescission period. The Rescission period outlines how many days after a timeshare purchase, from a developer, that a buyer has an opportunity to change their mind and cancel the purchase. The Rescission period is usually only a few days long and the buyer must follow the cancellation procedure exactly or risk the request to rescind being ignored. Types and Sizes of Timeshare Units Timeshare properties tend to be apartment-style units ranging in size from studio units (with room for two) to three and four-bedroom units. These larger units can comfortably house large families. Timeshare units normally include fully equipped kitchens with a dining area, dishwasher, televisions, VCRs and more. It is not uncommon to have washers and dryers either in the unit or easily accessible on the resort. Kitchens are equipped to the size of the unit, so that a unit that sleeps four should have at least four glasses, plates, forks, knives, spoons, and bowls so that all four guests can sit and eat at once. How many the unit will sleep and how many the unit will sleep privately usually list Timeshare units. * Sleeps 2/2 would normally be a one bedroom or studio * Sleeps 6/4 would normally be a two bedroom with a sleeper sofa Sleep privately refers to the number of guests who will not have to walk through another guests sleeping area to use a restroom. Timeshare resorts tend to be strict on the number of guests per unit. Unit size can effect demand at a given resort where a two-bedroom unit may be in higher demand than a one-bedroom unit at the same resort. The same does not hold true comparing resorts in different locations. A one bedroom with a great location may still be in higher demand than a resort with less demand. An example of this may be a one bedroom at a great beach resort compared to a two-bedroom unit at a resort located inland from the same beach. The concept of vacation timeshare has also been extended to luxury items such as planes and luxury cars. Scope of Timeshare Industry Today’s timeshare industry includes over 5000 resorts worldwide, for a total of 11 million timeshare “intervals” that have been individually sold to nearly 7 million families around the world. There are timeshare resorts around the world. Global timeshare sales total over $9 billion annually. ARDA, American Resorts Development Association, reported that in the USA, as of January 1, 2005, there were 1668 timeshare resorts serving 3.87 million US households. Ownership has increased in the USA 16.2 percent in 2004 and 13.8 percent in 2003. There exists a resale industry for the resale of timeshare intervals. Many of these can be found searching the Internet as well as an active market in the online auction sites such as that on eBay. Pros and Cons of Timeshares The timeshare industry has been widely criticized and even sometimes likened to a travel scam. Unlike the customary renting arrangement, where the customer decides every year on the quality and price of accommodations, timeshare requires to make a major payment up front. There exist doubts as to whether timeshare buyers ever recover the money spent, but the vast majority of timeshare owners have no desire to exit the system and find the quality of their holiday accommodation makes their financial outlay a logical expenditure. There are also some complaints that owners have to return to the same resort every year, but there exist several companies – the best known being Resort Condominiums International (RCI) & Interval International – that enable timeshare owners to exchange their weeks into literally thousands of resorts around the world. There are a growing number of independent timeshare exchange organizations available to timeshare owners. Other complaints include issues surrounding the yearly maintenance fee. Some critics talk of ever escalating fees that mean owners cannot afford to keep their weeks due to financial pressure. One of the major benefits of the product is the fact that vacation timeshare is real property. Resort developers purchase land in a location and develop a timeshare resort. They are actually selling consumers deeded weeks of real property at a specific location, meaning customers can do what they wish with the weeks they own. This flexibility includes the opportunity to rent out weeks that are not used or indeed to lend them to friends or family. Like any other product, timeshare exchange is subject to the law of supply. This should make the exchange mechanism a fair and meritocratic system. For example if a timeshare owner deposits a studio apartment in low season that owner is unlikely to be able to exchange into a villa during a country’s high season. In practice the major exchange companies have proprietary exchange formulas that add complexity to the system. The study of and issues revolving around exchanging are beyond the scope of this article and should be researched before making any timeshare purchase.

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Q: I’ve read that this is a “not for profit” web site. Why is there a membership fee? A: The membership fees pay for this site and all the associated costs of running the Timeshare Users Group (phone bills, online fees, web site fees, domain registrations, postage, etc….. but no labor costs…. we are an all volunteer organization. Q: What are maintenance fees? And how much are they? A: The cost of resort operation is spread among owners via an annual maintenance fee. The fee must also build up reserves to pay for non-recurring costs like furniture, appliances etc. that need periodic replacement and other capital costs as normal physical deterioration occurs. Cost is established by the developer or homeowners association. Caution: When a developer is in control, maintenance fees may be temporarily subsidized by the developer as a marketing tool while there is sales activity. After the homeowner association takes over, fees may quickly rise to unsubsidized levels. Special assessments are sometimes added to maintenance fees to cover unexpected (non-reserved) expenses. The association boards of director’s passes these assessments. Severe storm damage would be an example where an extra assessment would apply. Maintenance fees vary with the location and resort, but usually are in the $200 to $1000 per year range. Q:Is buying a timeshare a good investment? A:Timeshare ownership is an investment in quality vacations. Purchasers who buy a timeshare strictly for speculative reasons are usually disappointed as the resale market for timeshares does not appreciate as well or as fast as other real estate investments. As an investment in YOURSELF and your leisure time, a carefully researched timeshare purchase can be a good investment when compared to the cost of renting alternative comparable accommodations. Q: If I decide to buy a timeshare, should I buy “new” from the developer or “used” as a resale? A: All factors being equal, a resale from a previous owner or a resale company, will probably cost considerably less than buying direct from the developer. Deep discounts of 50% and more are not uncommon. There are instances where buying from a developer may be your only choice. Lack of a unit with the amenities, location or “extra” added programs like the Marriott point program might be a consideration to buy from a developer. Again, research your decision BEFORE you buy to secure the best deal for you. Where should you begin this research? I think you know the answer. Think “TUG”! Q: Where is the best place to own a timeshare? A: The answer can be as individual as each owner but the consensus answer falls into two categories based upon intended use. If you intend to return to your resort frequently and exchange occasionally, your best choice is a resort you enjoy often. If your primary intent is to maximize trade value and you do not intend to stay at your own resort very often, then you should buy at a resort, which is in high demand. While there is no single “best” choice, the current consensus of opinion says that Hawaii and coastal California are two easy choices that will produce top results. There are many variables that would apply to any particular choice and a potential buyer is strongly advised to research factors that affect timeshare trade values before making a final choice. A membership in TUG that provides access to the resort ratings and reviews is an excellent place to start. Q:Fixed week .vs. floating week ownership, what are they and which is better? A:Fixed week ownership means that you have the right to occupy (or have available for trade or rent) a specific week and unit number at the resort you own every year. Floating (sometimes referred to as flex) ownership means that even though you may be deeded a specific week and unit number, you have no use claim on that week or unit. Instead you have the opportunity to request a week within a specified range of weeks during the year. The range of weeks available for flex use is set by the resort and is the same range of weeks from year to year. Advantages of owning a fixed week: You are guaranteed the week and unit you want every year (especially applicable to colder climate owners who want to vacation where it is warm in winter). Advantages of owning a floating week: For those who are concerned about unforeseen work or schedule conflicts associated with a fixed week, floating time allows for additional planning options. There are more implications with either type ownership especially as it applies to trading and vacation planning. A prospective timeshare owner is urged to examine the differences and make a choice to match the situation before purchasing.

Q:What is a bonus week and how can I get one? A:The simple answer is that a bonus week is an “extra” week in addition to the one you own. It’s given or sold as an incentive to timeshare owners for a specific reason. A Developer Bonus Week (DBW) is available to members who own at participating resort. These bonus weeks are issued directly from the resort. They are sometimes issued as a signing bonus upon the purchase of a timeshare interval . Owners can sometimes purchase them from the resort as unsold developer owned weeks. A second type of bonus week is one issued by an exchange company. Owners of high demand resort weeks receive them as incentives to deposit their timeshare week. Bonus weeks are sometimes referred to as “Vacation Escape” weeks, “Getaway” weeks (or weekends). They are available to members of exchange companies like RCI, II and SFX. The Exchange Company makes bonus weeks available for purchase by members for a nominal fee. Purchased bonus weeks are considered “excess inventory” likely to go unused. Excess inventory is determined by the historical number of deposits versus the number of requests for each particular resort. Bonus weeks usually come with expiration dates and may have other use restrictions relating to location, season and holidays.

Q:Which exchange company is best? A:This is a “Coke vs Pepsi” question but it may be a moot point. The resort you own is probably affiliated with only one Exchange Company. There are, however, a few resorts affiliated with both. Do not let the resort’s affiliation affect your decision to own or buy at the resort. Although there are preferences among people who have experience with both major exchange companies, there is no unanimous opinion that one is better than the other. It should be noted that there are more than the two BIG exchange companies. TUG maintains a comprehensive list of timeshare exchange companies. Q:If I deposit my week with an exchange company, does someone need to “take” it before I can request my desired week? A:No. As soon as your week is deposited, you can request and get the week you want if it is available. Q:I was contacted by company “X” offering to buy/sell/rent my timeshare for a fee. Can I expect them to do a good job? A:Past experience by members and visitors to TUG have been unanimous in this regard. Never pay an upfront fee as a condition to buy, sell or rent your timeshare. This situation is probably the most common situation where an owner will probably be dissatisfied. ANY fee required before performance will probably be lost. These “fees” come disguised as “agent commissions”, “appraisal fee”, “advertising fee”, etc. etc. They all have one thing in common. The money is always requested before performance is complete. Some of the more notorious companies preying on timeshare owners desperate to sell their timeshare will have the words “bank”, “trust”, “investment” in their company title. This is in an attempt to instill a feeling of confidence in their target. Do not be a victim. Verify the credentials and performance of any company making this type of offer. If necessary we strongly suggest dealing only with an agent who works on commission from proceeds of sale. Failing that, there are experienced TUG members willing to offer advice on the “how to’s” of selling your timeshare. Visit the TUG BBS and start asking questions. Q:I am an RCI member. Can I transfer weeks to other RCI members? A:Reply from RCI: The form in the back of the RCI Directory, Membership Transfer Application, is mainly used for the sale of timeshare, but also for transfer of weeks. The most important parts of the document are the areas which indicate your account information, the week you want trasferred, and to what account it’s going to. As long as we have that information along with your signature, it should be taken care of. That information can also be listed in a signed letter if you prefer. Once the information is completed, you can fax it to us at 317/805-9335 if you wish. Hope this helps. Thanks for visiting our website. Darrin Goodwin, RCI Internet Team. Q: Since a timeshare accommodation usually has more facilities than a hotel room, are there any additional items I should consider bringing on my timeshare vacation? A: Most timeshare accommodations have cooking and laundry facilities. While it certainly isn’t necessary to pack anything more than you normally would for the typical vacation, some TUGGERS seem to be a different breed. Take a look at the A.R. Timeshare Checklist and then decide for yourself. (I’ll let you decide for what the “A.R.” stands for) Q:Are there any tax advantages or disadvantages to owning a timeshare? A: Good question. Since I don’t even do my own taxes, I’ll refer you to TUG’s expert Timeshare and Taxes advice page to answer your question.

Q: What is the downside to owning a timeshare? A: * You must continue to pay the yearly maintenance fee, which can increase over the lifetime of the resort, whether you use it or not. * You could be required to pay additional “special assessments” arising from unexpected costs of maintaining or repairing the resort. * Some people feel that owning a timeshare requires excessive advanced planning in attempts to reserve a popular floating week or to obtain a good exchange week. Planning a timeshare vacation a year in advance is not unusual. * The majority of concerns with timeshare ownership seems to center around dealing with cost and interaction with exchange companies. It’s often not the straightforward process the timeshare sales staff would have you believe.

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