A Smart Consumer’s Guide When Buying a Timeshare

There may be millions of contented timeshare owners throughout the world today but certainly, there are also several owners who want to get out of their timeshares. The timeshare industry as we all know has its share of scams and mis-selling practices. As there are promises of great vacation at a fraction of the cost of buying your own property, we also hear all too often about the activities of the unscrupulous timeshare sellers. Thus, any potential timeshare owner must know a number of things about such property before buying one.

First, never buy a timeshare at the first viewing or on a whim. Make sure you that are dealing with a reputable vendor.
It is better to choose a timeshare company which is a member of the two leading timeshare exchange groups like Resorts Condominiums International or Interval International. Membership of one of these will at least give you the best possible right to swap.

If you are interested in buying a timeshare in an area where there are a lot of other timeshare developments, investigate thoroughly to make sure you get the best deal. As timeshares are typically sold second hand for about half the price charged by the developer, buying from an existing timeshare owner is normally the cheapest method. Remember also that there is a minimum cooling-off period which is usually 3 to 5 days during which any purchase contracted for can be cancelled.

Owning a timeshare can be a great way to achieve one’s dream vacation and to relatively enjoy life also. However, not all things presented by salesperson came into realization and there are some also that were never discussed at all. Thus, it is the duty of any potential owner to know everything he could about such property in to order get the best deal and have a happy experience with that chosen timeshare.

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