What Is A Worldwide Timeshare?

A lot of people have heard the term “worldwide timeshare” but don’t necessarily know what it is. The property can be in any part of the world and may be a static location, or, you can own shares in some timeshares that allow you to visit various locations for the week/s you own.

One of the most common ways to become familiar with timeshares is via a timeshare promotion. You are often aware of these because of an invitation to attend a presentation and get a free gift just for going. You can of course attend just for the free gift if you don’t mind being subjected to a really heavy sales pitch, possible for the whole day! But if you are genuinely interested, this is a good place to start your search.

On the positive side, you might get a heavily discounted trip to the resort or resorts of your choice. One tip I would suggest is to stay tee total while you are with the sales team (which may be most of the day) as you really need to keep your wits about you. Too much alcohol makes you too easily pliable! Be on your guard for the usual tricks and hard luck stories as well.

On the downside, if you need finance for your worldwide timeshare, firstly think carefully whether you can actually afford one given the current economic climate and the on-going costs such as management and maintenance fees. Secondly, don’t be swayed into accepting the timeshare financing options offered to you by the timeshare companies as these are rarely the best option.

You could also purchase a second-hand property and if you do your research, I’m sure you will find a good bargain. These may be on sale via the resorts themselves, by the owners themselves and through timeshare brokers.

The main benefit of owning a timeshare is that you have your family vacation sorted for years to come. If you buy a static worldwide timeshare, you will know exactly what to expect when you get there, know what to do and where to do it. If you think you might get bored with this, buy a week in a timeshare exchange program so you can swop the location around a bit.

The downside of owning a worldwide timeshare is that you must never think of it as a monetary investment. It simply is not. In truth, you will find a timeshare quite difficult to sell unless it is in a highly sort after location. What it is, is an investment in your future vacations so if you think of it as such, you won’t go far wrong.

To summarise, owning a worldwide timeshare is a great way to secure your future holidays. You buy a week or weeks that you take every year for as long as you own that share. Joining a timeshare exchange program will allow you to vary your holiday location more. Think carefully about what you need from your vacations and do your research before you decide whether a timeshare is for you.