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Time Shares In South Carolina Article
Untitled Document
Buying Into The Worldmark Timeshare Program
Worldmark Club was the brand name incorporated by Trendwest Resorts, Inc. in
1989 to promote and develop the Worldmark Points Scheme. Essentially, with Worldmark
timeshare you do not purchase a particular interest in a particular property,
but rather you acquire credits, which you can then utilize as you so wish.
The benefits of the Worldmark system
The noticeable benefit of buying into the Worldmark program is that you neither
limit your destination, nor do you limit your time. Moreover, dependent on the
number of "credits" you acquire, you can take a vacation using this
program for as short a period or as long a period as you decide. Let's say,
for example, that you only want to use the scheme for a couple of long weekends
away each year, then, subject to the availability of the place you want to visit,
there's nothing stopping you from doing this. A further upside to using the
Worldmark points program is that you are not restricted to the number of persons
who go with you. So, if you fancy a romantic get-away, this can arranged. On
the other hand, if you feel like taking a family vacation, and you can do this.
It's all down to the number of credits you have.
The pitfalls of the Worldmark system
The most noticeable pitfall with buying into the Worldmark program is that
they only have a limited number of properties (currently this is around 5,000
properties in 55 locations), but potentially an unlimited number of members.
As a result, there's a chance you may well get neither your first pick location,
nor your first pick of time (if both are very popular). Purchasing your own
fixed time program would obviously avoid this, but at the same time you would
then be responsible for selling this if you no longer wanted it. The only other
real potential pitfall with this program is the fact that little is made of
what happens if credits remain unutilized at the end of the year/period (for
example, do credit accrue to the next year, or are they lost forever?). Something
you should certainly check-out.
When all is said and done, however, Worldmark have certainly be at the forefront
of innovative timeshare programs and the Worldmark timeshare scheme is now being
copied by a number of service providers.
