Smart Facts You Should Know Before Buying a Timeshare

Owning a timeshare is a costly and sometimes a risky venture. As we see it today, many owners are trying to get out of their timeshares but also there’s a considerable number of individuals who are coming into this industry after they have purchase such property. As owning a timeshare has some disadvantages, any potential owner must be informed with the important facts regarding this form of vacationing.

One of these important facts is that timeshares are not a good financial investment regardless of what a timeshare salesperson tells you. If you buy from a resort developer, you are paying all their marketing expenses and the resale value of most timeshares is less than half of what they are sold for. However, timeshares can be a good reason if you want to raise the level of your travel extravagance. While most timeshares are condos, you can compare these to deluxe hotels.

Also, with timeshares, you will increase your enjoyment and comfort. But be warned that you won’t save money on your vacation travel with this. If you are on a tight budget and you have other more important priorities than where you stay, then, timeshares are probably not for you. Moreover, timeshares are self-serve. Yes, it can be a luxurious accommodation but unlike hotels you won’t get a 24-hour room service with timeshares.

Timeshares have been tied to a number of disadvantages and that’s why many owners try to get rid of their units nowadays. Some of them even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. But if you are well-informed about the possible trap that you’ll get into in owning such property, then, you have a bigger chance of enjoying your ownership.

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One response to “Smart Facts You Should Know Before Buying a Timeshare

  1. Yes I agree time shares are a BIG Trap that is difficult to get out of.
    After you have signed the contract than you hear about the property taxes which was not told to you before, but you told about maintenance fees which was never fully expalined.
    The seductive marketing is really just that suducing people into something that is difficult to get out of.
    There is also the aspect of automatically rolling people over into another ownership period with the ownwer even agreeing to do so.
    I wish I had done the proper fact finding before I got into to this BIG Trap.
    What is even more interesting is how a US corporation like Marriotts can export the US tax system. Iam not a citizen of the US yet Iam forced to pay property taxes. However I can’t vote or enjoy any of the benefits of a US tax payer. HOw fair is that?
    Anyone thinking of buying a time share BE VERY VERY CAREFUL.
    A disillusioned buyer from the Caribbean.

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