If you have decided to purchase a timeshare you may be unsure what types of questions to ask before becoming a time share owner.  While everyone will have their own personal preferences regarding location, amenities, time of year, and perks, the following checklist is a good starting point for anyone new to timeshare to be sure to cover all of the bases.  If you are unsure of any of the terms listed below you may want to refer to the following Timeshare Glossary, or click on the links included in the checklist (they will open in a new window).
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An estimated 4.5 million people currently own timeshare and this figure will continue to grow in the future as larger resort companies such as Hyatt, Hilton, Marriott, and Disney increase their timeshare offerings. The following are reasons why it is better to own rather than rent your vacation:

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Both timeshare points programs and vacation clubs are sold as deeded and right to use agreements, but it is important to know the differences between the two systems to make an informed decision when buying timeshare and when reselling timeshare
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The two most common types of timeshare ownership are “deed and title ownership” and “right to use ownership“. “Deed and title ownership” usually refers to timeshares where use of the timeshare resort is divided up in weeks. The fractional owner of any set week in deed and title ownership has rights to that real property and can use the week, rent the week, give it away, or leave it to their heirs. “Right to use ownership” is a type of contract, not an actual deed, and the timeshare owner has the right to use the property in accordance with the contract for a specific number of years. Both deed and title ownership and right to use are found in vacation clubs and points programs.
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