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Costs vary based on the size of the vacation home and duration of the stay. ing to Hilton, the average purchase price for a new buyer is roughly $22,000. ARDA says the average cost of a timeshare that a buyer can use for one week a year is $24,140.

You will deal directly with the owner to negotiate a transaction. Make sure you understand the costs and what you are getting when you buy the timeshare. Even though you're dealing directly with the owner, we suggest using a title and escrow company to help you finalize the transfer when buying a timeshare.

A timeshare is a shared piece of vacation real estate that allows multiple owners to share the same property in different time increments. Typically, timeshare owners will stay at a property for a 1-week interval each year. You can find a timeshare for purchase through resorts, real estate agents and developers.

Time-sharing is a form of fractional ownership, where buyers purchase the right to occupy a unit of real estate over specified periods. For example, purchasing one week of a timeshare means the buyer owns one-fifty-second of the unit. Buying one month equates to one-twelfth ownership.

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