When buying a timeshare, it’s important to understand the different options available since the type of contract will have a significant impact on your experience. In particular, it will affect your flexibility in dates and your ability to potentially make use of your timeshare every year.
Traditionally, fixed week timeshares were the standard contract offered. This option locks you into a specific week at a specific resort every year. However, the rigidity of this model has caused timeshare owners to seek out alternative types of contracts that allow for greater flexibility. One of these options is a floating week timeshare.
Floating week timeshare contracts offer greater flexibility than fixed week contracts. Instead of being locked into the same exact week every year, you have the ability to choose any week that falls within the set season you purchase, subject to availability. In many instances, resorts will offer low, medium and high seasons that correlate to the popularity of the resort during that particular time of year. The cost of your timeshare will vary based on the season your week falls in.
Some resorts may allow you to choose any week throughout the year instead of locking you into a specific season. Once again, this will be subject to availability and weeks are distributed on a first come, first serve basis. You’ll need to pay your annual maintenance fees before you’re allowed to book your week. This requirement provides a greater incentive for owners to pay these fees as quickly as possible in order to avoid getting shut out of their desired week.
The greatest benefit to floating week timeshare contracts is the flexibility they afford. This is particularly beneficial if you don’t have a set vacation schedule with your job. Since the seasons span several months, you’ll have a greater chance of finding a week that will work when you’re able to take your vacation each year.
If you’re willing to purchase a week during the off-season, you’re more likely to successfully navigate a floating week timeshare system since the demand isn’t as high during this time period. This approach is very helpful if you’re unable to request time off months in advance.
Another benefit of floating week timeshare contracts is that you may have the ability to swap your unit for one at a different location owned by your resort. It’s important to read the terms of your contract carefully since this added layer of flexibility isn’t available with all floating week systems.
While you achieve greater flexibility with a floating week timeshare, it often comes at a cost. Many floating week timeshare owners find that it’s difficult to secure their desired week because the best times and locations get booked fast. If you’re unable to request time off well in advance and book your timeshare week at the start of the year, you may find that you get shut out of the resort by the time you’re able to reserve your week. This can leave you in a situation where you’re unable to use the timeshare on a given year, but you’re still stuck paying your timeshare mortgage, annual maintenance fees and other required charges.
If your job or other factors in your personal life don’t afford you the flexibility to reserve your timeshare well in advance, you’re most likely better off choosing a different contract type that will more effectively accommodate your vacation schedule.
It can be easy to feel trapped in a floating week timeshare contract if you’re consistently unable to reserve the week you want, or if you find that you’re not able to use the timeshare at all on many years because your season gets booked before you can request time off at work. Fortunately, you have options if you want to get out of your timeshare.
Timeshare Termination Team has helped thousands of people like you cancel their timeshare. We work with a team of attorneys who will carefully analyze the terms of your contract in order to recommend the best strategy to safely, legally and permanently get rid of your timeshare. Our attorney-based solutions have enabled us to achieve a 100% success rate with our clients.
You’ll benefit from our exclusive You First Approach™ which prioritizes your unique needs every step of the way. We’ll educate you about the options available to you based on the specifics of your timeshare ownership, and we’ll customize your exit solution to ensure it meets the needs of your family. Once you’re ready to move forward, our team will handle all negotiations with the resort in order to cancel your timeshare.
Our You First Approach™ has been proven to work time and again. The strength of our legal team and the customization of our solutions enables us to offer you a Money-Back Exit Guarantee™. We guarantee that we’ll safely, legally and permanently cancel your timeshare or you receive a full refund, no questions asked. This gives you the peace of mind that your needs will be addressed every step of the way.
Start your journey toward freedom from the burdens of timeshare ownership. Please contact us today to schedule a free consultation.
Freedom from your timeshare burdens is only a phone call or a click away. Schedule a free consultation with one of our Expert Advisors. They'll give you all the information you need to make an informed decision about your timeshare situation.Get Started