What is a timeshare?
Let’s start out with the basics: what is a timeshare? Also called “vacation ownership,” a timeshare is a resort or vacation property that is split into shared ownership, or fractional ownership, usually in increments by week. Most timeshares today are with large corporations like Wyndham and Marriott who have created a travel club style of membership for their owners, offering more flexibility and customization than ever before! The actual definition of a timeshare according to the dictionary is an arrangement whereby several joint owners have the right to use a property as a vacation home under a time-sharing agreement. Basically, you are sharing a unit with others, but “own” different weeks (we will get into more about this later in the article). It may sound really simple, but if you don’t understand the basics of how timeshares work, the whole process can be pretty confusing. Now, you are probably wondering how to get a timeshare. So without further ado, let’s start from the beginning.