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What’s More Important To Know? When it’s time to buy timeshare, it’s easy to get confused about the ratings of a property versus its real demand

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What’s More Important To Know?

When it’s time to buy timeshare, it’s easy to get confused about the ratings of a property versus its real demand. It’s really important to understand what the real meaning of resort ratings are, so you can make an informed decision and the best purchase for your vacation property.

Are ratings important?

When you buy timeshare the answer is yes and no. For example, there are some resort timeshare companies such as RCI that have a gold crown rating. It is an award given to the best properties in the resort system. The question of ratings can come up when you buy timeshare mainly for exchange value as a selling point.

When you buy timeshare you want to have a property that is in demand and valuable for exchange reasons. This is because when you buy timeshare, you might not want to vacation at the same destination year after year. So the thought is to purchase a timeshare at a resort that other people want to go to also. That’s why many people buy timeshare in places like Hawaii, California and even the Caribbean.

So with that said, a high resort rating assures you that you’re going to buy a timeshare that is at a first class resort, but it doesn’t necessarily mean you’re going to be able to exchange it for any other highly rated destination.

For example, if you buy timeshare in Bend, Oregon and it has a gold star rating, that doesn’t mean you’re going to be able to exchange your time for a gold star rated resort in Hawaii.

A high rating doesn’t guarantee and equal exchange

This concept, when you buy timeshare, is often misunderstood by even those that are selling you your timeshare week. Many people that buy timeshare for the very first time go for a resort that’s highly rated, because they think they’ll have equal exchanging power.

There’s nothing wrong when you buy timeshare to want to own property at a highly rated and well-run resort. If you like the area and what it has to offer, you will have a great place to stay every year.

However, location and demand is far more important in having the best possibility of successfully exchanging your vacation time from year to year. A resort in Maui might not have the highest rating, but because of it’s location, you can exchange your week for practically any top resort in the world. If you have both a high rating and an in demand location when you buy timeshare, it will give you the very best exchange leverage.

In conclusion, don’t be confused when you buy timeshare between a higher rating and an in demand popular destination. If your goal is to buy timeshare that you can use to exchange for other destinations frequently, then even a good quality resort in a high demand location is always better than a high rated resort in a location that most people really don’t want to exchange for their vacation time.

EasyTimeshareResales provides simple, affordable, and effective ways to Sell Timeshare for Cash or rent timeshare property which allow every client to place free timeshare ads to rent out their time share and bring in extra money. For more information on buy and sell timeshare visit website Timeshare Location Versus Ratings

A Short History of Timeshare

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Timeshares, an idea that is something people are aware of but highly misunderstood. Because of events within the last 20 to 30 years most people know about timeshares to one degree or another. But it seems the general opinion on what is meant by « timeshare » is often wrong, anything from being synonymous with « pyramid selling » to the extreme of being called a « scam » all the way to to « owning property » and « investing in real estate ». Like most misconceptions there is in one form or another, a kernel of truth in there somewhere, although none of these statements are entirely accurate, least of all a reasonable representation of what a timeshare actually is.

Timeshare sees its origins in Europe in the 1960s, between France and Switzerland. In France the Societe des Grands Travaux de Marseille, the mangers of SuperDevoluy implemented the phrase « No need to rent the room; buy the hotel, it’s cheaper! » Likewise Hapimag a Swiss company formed in the early 60s and started buying resort properties across Europe and sold a form of timeshare membership in the form as a a right-to-use basis rather than selling deeds on the ownership. Both of these companies were canny in seeing the potential in offering high quality holiday property to those who could not afford to pay it by typical ways.

The US followed next in the late 60s, early 70s the US states of Hawaii and later Florida adopted the timeshare model. By the early 70s it became clear that the timeshare method was growing very popular and as such the businesses concerned in buying timeshares and selling timeshares begin to pop up everywhere. The amount of resorts employing this method grew steadily and the first points programme was initiated by Vacation Internationale shortly after. Of course the term « timeshare » originated within computing and was used prior to its uptake in holiday ownership. Conversely, it was not until the mid 70s did the phrase « timeshare » actually start being used by the industry, with Innisfree Companies of California opting to market it in this way, in the selling shares of vacation time.

The whole idea of timeshares was not the ownership of property, but rather of time – in particular, time in a specific holiday destination. A famous analogy which has been pinned to different people in the past is something to the effect of « you would not by a whole cake, whilst it may look lovely, it would be too big for you and you would simply not be able to benefit from it all before it spoilt. You would however buy a piece of the cake and enjoy your share without excess cost or chance of it being spoilt ».

The next major step in timeshare sales was the coming of the RCI. Resort Condominiums International (RCI) was founded in 1974 as a solution to owners who considered the initial fixed-week method of buying timeshare too limiting. The idea, a potentially daunting one logistically speaking, was that RCI would provide an exchange method that would enable timeshare owners hand in their week and get another one located in a different resort. Over time RCI became affiliated with more resorts it provided a international points system to fit hand-in-hand with its exchange program in order to give the most flexibility possible.

James Howson is a timeshare and vacation expert with over a decade of experience reviewing top resorts. He has owned several timeshare properts and frequently offers expert advice to those looking to buy timeshare.