Q:Who or What is TUG?

A:The Timeshare Users Cluster (TUG) could be a net website operated by Bill Rogers and a group of volunteers who have a standard interest in vacation timeshare ownership.

Q:I’ve scan that this is often a “not for profit” internet site. Why is there a membership fee?

A:The membership fees get this site and every one the associated costs of running the Timeshare Users Cluster ( phone bills, on-line fees, web website fees, domain registrations, postage, etc…..however no labor costs….we have a tendency to are an all volunteer organization.

Q:What are maintenance fees? And the way a lot of are they?

A:The cost of resort operation is unfold among owners via an annual maintenance fee. The fee should also build up reserves to get non-recurring prices like furniture, appliances etc. that require periodic replacement and alternative capital costs as normal physical deterioration occurs. Value is established by the developer or homeowners association. Caution: When a developer is in management, maintenance fees might be temporarily backed by the developer as a selling tool while there’s sales activity. After the home-owner association takes over, fees might quickly rise to unsubsidized levels.
Special assessments are typically added to maintenance fees to hide surprising (non-reserved) expenses. These assessments are glided by the association board of directors. Severe storm harm would be an example where an further assessment would apply.
Maintenance fees vary with the location and resort, however usually are in the $two hundred to $a thousand per year range.

Q:Is buying a timeshare a sensible investment?

A:Timeshare possession is an investment in quality vacations. Purchasers who buy a timeshare strictly for speculative reasons are sometimes disappointed because the resale market for timeshares will not appreciate similarly or as quick as other assets investments. As an investment in YOURSELF and your leisure time, a rigorously researched timeshare purchase will be a smart investment in comparison to the cost of renting different comparable accommodations.

Q:If I decide to buy a timeshare, should I get “new” from the developer or “used” as a resale?

A:All factors being equal, a resale from a previous owner or a resale company, can probably value significantly less than buying direct from the developer. Deep discounts of fifty% and additional aren’t uncommon. There are instances where buying from a developer might be your solely choice. Lack of a unit with the amenities, location or “further” added programs just like the Marriott purpose program would possibly be a consideration to shop for from a developer. Again, analysis your decision BEFORE you buy to secure the simplest deal for you. Where should you begin this research? I think you recognize the answer. Suppose “TUG”!

Q:Where is the best place to have a timeshare?

A:The answer can be as individual as every owner however the consensus answer falls into 2 categories primarily based upon supposed use.
If you intend to return to your resort frequently and exchange sometimes, your best choice is a resort you fancy often.
If your primary intent is to maximize trade value and you are doing not intend to stay at your own resort very typically, then you must obtain at a resort which is in high demand.
While there’s no single “best” selection, the current consensus of opinion says that Hawaii and coastal California are two simple decisions that will produce top results.
There are a number of variables that may apply to any explicit selection and a possible buyer is strongly suggested to research factors that have an effect on timeshare trade values before creating a final choice. A membership in TUG that provides access to the resort ratings and reviews is a superb place to start.

Q:Fixed week .vs. floating week ownership, what are they and that is healthier?

A:Mounted week possession means that you have the correct to occupy (or have available for trade or rent) a particular week and unit variety at the resort you own every year.
Floating (sometimes called flex) ownership means that even though you will be deeded a selected week and unit number, you have no use claim on that week or unit. Instead you’ve got the chance to request a week within a specified range of weeks throughout the year. The range of weeks offered for flex use is about by the resort and is the identical range of weeks from year to year.
Advantages of owning a fastened week: You are guaranteed the week and unit you wish every year (especially applicable to colder climate homeowners who want to vacation where it is warm in winter).
Benefits of owning a floating week: For those who are concerned about unforeseen work or schedule conflicts related to a fastened week, floating time permits for added planning options.
There are far more implications with either sort ownership particularly as it applies to trading and vacation planning. A prospective timeshare owner is urged to examine the variations and create a choice to match matters before purchasing.

Q:What is a bonus week and the way will I get one?

A:The easy answer is {that a} bonus week is an “further” week in addition to the one you own. It’s given or sold as an incentive to timeshare owners for a specific reason.
A Developer Bonus Week (DBW) is offered to members who own at participating resort. These bonus weeks are issued directly from the resort. They’re sometimes issued as a signing bonus upon the acquisition of a timeshare interval . House owners can typically purchase them from the resort as unsold developer owned weeks.
A second type of bonus week is one issued by an exchange company. Owners of high demand resort weeks receive them as incentives to deposit their timeshare week.
Bonus weeks are typically called “Vacation Escape” weeks, “Getaway” weeks (or weekends). They are offered to members of exchange corporations like RCI, II and SFX. The exchange company makes bonus weeks obtainable for purchase by members for a nominal fee. Purchased bonus weeks are thought of “excess inventory” probably to travel unused. Excess inventory is decided by the historical variety of deposits versus the number of requests for each specific resort.
Bonus weeks sometimes come with expiration dates and may have other use restrictions referring to location, season and holidays.

Q:That exchange company is best?

A:This can be a “Coke vs Pepsi” query however it might be a moot point. The resort you own is in all probability affiliated with solely one exchange company. There are, however, some resorts affiliated with both. Do not let the resort’s affiliation affect your call to possess or get at the resort. Though there are preferences among folks who have expertise with each major exchange companies, there’s no unanimous opinion that one is healthier than the other.
It ought to be noted that there are more than the 2 BIG exchange companies. TUG maintains a comprehensive list of timeshare exchange companies.

Q:If I deposit my week with an exchange company, does somebody need to “take” it before I can request my desired week?

A:No. As soon as your week is deposited, you can request and acquire the week you want if it’s available.

Q:I used to be contacted by company “X” providing to buy/sell/rent my timeshare for a fee. Can I expect them to try and do a smart job?

A:Past expertise by members and visitors to TUG have been unanimous in this regard. Never pay an upfront fee as a condition to buy, sell or rent your timeshare. This situation is probably the foremost common scenario where an owner will most likely be dissatisfied. ANY fee required before performance can in all probability be lost. These “fees” come back disguised as “agent commissions”, “appraisal fee”, “advertising fee”, etc. etc.   All of them have one thing in common. The money is often requested before performance is complete. Some of the additional notorious companies preying on timeshare house owners needing to sell their timeshare will have the words “bank”, “trust”, “investment” in their company title. This can be in an attempt to instill a feeling of confidence in their target. Do not be a victim. Verify the credentials and performance of any company creating this sort of offer.
If necessary we have a tendency to strongly suggest dealing only with an agent who works on commission from proceeds of sale. Failing that, there are experienced TUG members willing to supply advice on the “the way to’s” of selling your timeshare. Visit the TUG BBS and start asking questions.

Q:I am an RCI member. Will I transfer weeks to other RCI members?

A:Reply from RCI:
The shape in the rear of the RCI Directory, Membership Transfer Application, is mainly used for the sale of timeshare, but also for transfer of weeks. The foremost vital components of the document are the areas that indicate your account information, the week you would like trasferred, and to what account it’s going to. So long as we have that info along with your signature, it should be taken care of. That data will additionally be listed during a signed letter if you prefer. Once the data is completed, you can fax it to us at 317/805-9335 if you wish. Hope this helps. Thanks for visiting our website. Darrin Goodwin, RCI Net Team.

Q:Since a timeshare accommodation typically has additional facilities than a hotel space, are there any additional things I should take into account bringing on my timeshare vacation?

A:Most timeshare accommodations have cooking and laundry facilities. Whereas it certainly is not necessary to pack anything additional than you normally would for the typical vacation, some TUGGERS appear to be a completely different breed. Have a look at the A.R. Timeshare Checklist and then decide for yourself. (I will let you choose for what the “A.R.” stands for)

Q:Are there any tax blessings or disadvantages to owning a timeshare?

A:Smart question. Since I don’t even do my own taxes, I am going to refer you to TUG’s professional  Timeshare and Taxes recommendation page to answer your question.

Q:What is the downside to owning a timeshare?

A:  * You need to continue to pay the yearly maintenance fee, that can increase over the lifetime of the resort, whether you use it or not.
* You’ll be required to pay additional “special assessments” arising from unexpected prices of maintaining or repairing the resort.
* Some individuals feel that owning a timeshare requires excessive advanced coming up with in tries to reserve a in style floating week or to get a good exchange week. Planning a timeshare vacation a year beforehand is not unusual.
* The bulk of considerations with timeshare possession looks to center around dealing with value and interaction with exchange companies. It’s usually not the simple process the timeshare sales employees would have you believe.

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