If you’re looking for a timeshare, one of the first decisions you’ll need to make is whether you want to purchase a fixed week, a floating week or points.
In short, the difference is that the first one offers security; the other two, flexibility.
A fixed week is when you buy accommodations at a resort for one specific week—say at the Wyndham in Orlando for the first week of December. The upside is that your week is guaranteed. You own it. The place is yours. The downside? If you can’t get away during any given year for that first week of December you would forfeit your time without compensation. (Unless you joined an exchange club or found someone at the resort willing to trade with you.)
A floating week is when you purchase a non-specific week at your resort within a range of dates, say between the beginning of December and the end of February. So instead of owning that first week of December, you would own “a week” that you would need to use sometime during the entire winter season. The upside is that if you can’t make it on Dec. 1, you would now have the flexibility to choose a different date. The downside is that accommodations are reserved on a first come, first serve basis. And more often than not, the good times go quick. So you’ll have to plan far in advance to get the week you want, or risk losing out.
While the majority of resorts fall under the first two categories of fixed and floating weeks, some operate on a points system. With points, you still typically own a home resort, but are assigned points that you can use at other resorts included in your points system. The upside of a points system is that there is greater flexibility for owners who want to choose their vacation time and place. The downside is that, like floating weeks, resort accommodations may not be available where you want to go, or may already be booked.
Still have questions about the difference between a fixed Week, a floating week and a points system, contact John at Timeshare Specialists by at phone 406-922-2566 or post a question to our Facebook page