What is a floating week timeshare?

Many people have so many questions concerning the buying of timeshare resale or even how timeshares work. Before you purchase a timeshare through a timeshare resale company or timeshare brokers, you have to ensure all the questions you have are answered. When you buy your timeshare using a broker like Timeshare Finance Claims, you get to benefit from the experience and knowledge of a licensed timeshare professional. Also, you become sure that you have a team that can answer any questions that you have in mind about timeshare and their resale. This is because we are always there for our customers.

When you buy a timeshare, you get the right to a vacation property for a week every year but only at a specific timeshare property. There are different types of timeshare use periods that you get to select from. Most people select the floating week timeshares, but other periods include fixed weeks and flex time.

What is a floating week?

A floating week is a timeshare that allows the owner the timeshare a range of weeks to select from every year. When it comes to the floating week, the period the owner uses is determined by the season since the owner’s week usage is not fixed. Most of the resorts in different vacation destinations have three different seasons: high, low, and medium seasons. Three different colors represent the seasons. As the timeshare owner, you get to select the week usage or season that is best for you.

Types of floating week timeshares

Floating week can be classified into two main types that include;

– Floating weeks based on a fixed rotation

– Floating weeks based on ownership rotation

Floating weeks based on a fixed rotation

This is a floating week timeshare ownership where specific weeks are meant to rotate among the timeshare owners every year on a fixed schedule. This type of floating week is mainly common among fractional ownership interests or private residence resorts.

Floating week based on ownership rotation

When it comes to the floating week based on ownership rotation where the timeshare owner is required to purchase a week or weeks and work out the time that is appropriate for them to attend the vacation; the time that one selects to attend their vacation must be in favor of all the other owners. This means that every owner gets the chance to decide on the week or weeks favorable for them despite the season, but the weeks must rotate every year.

How does the floating week timeshare work?

When the maintenance fees are paid, the resorts accept the requests for the specific weeks immediately. The earlier you pay the maintenance fee, the earlier you get the chance to select the week that you would like to use your timeshare.

It is your responsibility as the owner to reserve the week or weeks before you visit the vacation destination. You have to do it in time to ensure that you reserve weeks in your range that no one else has reserved. Although you are guaranteed a week annually, you do not get the guarantee of the week you select if you do not plan and pay in time.

A good number of people select the floating week timeshare due to several reasons that include;

– It offers flexibility to many people.

– Owners can also swap their units for another at a different location than the resort owns.

– It also provides the owners with exclusive use of the vacation property for a week or even weeks.

Is it a Good Idea to Get Rid of Your Timeshare?

We all know how timeshare properties have maintenance fees that seem to go up each year. The crummy sales presentation that was shown to you said otherwise but now it is too late for that since you are stuck with it for a pretty long time. Now, it would be better to get rid of your timeshare by asking the sales director how you can get rid of it. See if you can sell it to them for a price that is lower than the one you bought it from them. You must accept the fact that you already lost a lot of money so may as well going out swinging. When you went into that free dinner at a fancy place for them to sell you a timeshare contract, was it worth it? You will remember everyone was dressed in such a manner that they would want to offer you such a nice place to have a vacation every time you need it. Unfortunately, that is far from what is going to happen here. It is impossible someone would want to buy the timeshare property for the same price that you bought it. We all know the prices of properties go down faster than a car. For example, when you buy a timeshare property, you will lose a lot of money even when you suddenly change your mind and try to sell it right away the next day. Add that to the fact that it would be impossible to find a buyer who would be willing to pay the remainder of the maintenance fees.

When you remember that sales presentation that your friend invited you to, you will regret it and think that you should have declined that invitation. Besides, there are a lot of other things you could have done during that time other than getting scammed by a well-known company. Of course, for them it is not really a scam but it is something they are all about. The next step would be to contact Timeshare Finance Claims in order to find out right away what you are supposed to do about it. If you know someone who will like to invest in your timeshare contract, then push the button right away. We all know how in this world, money talks all the time so get rid of it when you have the chance then worry about the consequences later. For example, you were able to tell a long standing friend that this property is worth investing in. It won’t be long before you would want to get the contract signed in order to transfer it to him. When the time is right that he would realize he made the wrong investment, you can just tell him that you did not know the maintenance fees were increasing all the time. If he is a true friend then he would take your word for it. After that, you can both move on from the terrible investment and be friends for life.