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BUYING A TIMESHARE

Time-sharing can be an affordable way to own a vacation home. Before you buy, you should be able to answer YES to all these questions:

  • Are you POSITIVE you want to spend ALL your vacations there?
  • Have you visited the facility? Are you satisfied with its quality, with the stability of the management, and with the terms of the contract? Have you checked out this time-share development with the Better Business Bureau, the Attorney General's Consumer Protection Office or your Legal Assistance Office? *Have you talked to some long-time owners in this time-share facility? *Can you afford both the facility and the round trip travel costs each year?

DO NOT BUY IF:

* You want to rent out the facility.

* You plan on reselling it.

* You plan on exchanging vacation sites frequently

BUYING TIPS - BEWARE OF ANY PROMOTIONS THAT:

  • Will not physically take you to the facility. (Some promoters claim the place is built when it is really only a hole in the ground.)
  • * Offer you a special price "for that day only."
  • * Subject you to a long and harrassing sales pitch.
  • * Will not let you take the contract home to study.

DO NOT SIGN A CONTRACT ON THE SAME DAY AS THE SALES PITCH

There are many tips in buying a timeshare available on the internet. Check them out. But mainly, you should always make sure your reasons in owning one and also know your capability to meet its costs. Some owners did not plan well their timeshare ownership and ended up wanting to get rid of it.

There are many ways where you can save when you buy a timeshare unit. You can check on the resale market and buy timeshares at very competitive prices. However, whether you buy on a resale market or from timeshare developer, you still have to pay those hefty maintenance fees that always increase every year.

First, know your reasons and your preference before buying any timeshare. Also, make a research regarding the resort that you will your timeshare from. Buying a timeshare is much easier than getting rid of it, so, don't sign any contract without understanding the agreements.

Nowadays, there are thousands of units available in the resale market. These units have a much lower value compared to a unit from a resort. You can also choose the location you want and the type of timeshare you in the resale market.

Research is the key landing a good timeshare deal. You can use the internet to do this. You may find out available units on the resale market at very low prices.

You can buy through the resale market or directly from a developer. Resale markets have lower prices compared from a developer.

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15y ago

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