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Travel Safely |
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Travel Safely |
LadyWeb Travel |
Travel Safely |
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Travel Safely |
A "" FactsheetAre you up to buy time share? With a lot of people have the luxury of being able to stash a hefty amount of money for their vacation plans, what better way to have a vacation home without the hassles of owning and maintaining one than in considering to buy time share. But are you up to the challenge of spotting the property to buy time share for? When inexperienced people buy time share, many sleazy salesmen will con you into getting inferior properties. You should be vigilant when dealing with these types of people. Luckily, times have change for those willing to buy time share properties. The government has taken action the complaints filed by duped people who asked to buy time share units. Now large and known companies with good reputations have joined in to provide service to those able to buy time share properties. Companies like Hilton, Disny, Hyatt and Marriot, to name a few. Before you buy time share properties, you should arm yourself with information about what you are getting into. 1. First, when you buy time share properties, it isn’t always a good investment. Even though you own a certain a property, it is not like real estate where the value of the unit increases over time. When you buy time share, the value does not increase and is often stagnant. 2. When you buy time share directly from a company, know that you will have to shell out more money (about 60%) than when you buy time share in resale markets. It is more expensive because the company is recovering its marketing costs from your payment, a practice done to minimize the incurred expenses from its salesmen. 3. Should you decide to buy time share properties from the resale market, make sure that you check out the property first. You can get a good price but you still have to be wary of scams as you buy time share properties. 4. Buying directly from the owner is also a great way to buy time share properties. Not only can you get answers to your questions directly but you can also be assured that when you buy time shares from them, a guarantee can be made. 5. A good way to test the unit before you buy time share property is to rent the first. In that way, you get to see if it is the property for you. Those who sell time share resale most likely allow time share rentals. 6. Always remember to consider the three major factors when considering to buy time share: location, price and period. Ask your broker or agent about it each time they show you a place. 7. If you already own a time share property but would like to exchange it for another, it is advisable to consider the value of the property you are willing to swap for. You might end up getting the poor half of the bargain. 8. Lastly, do not overlook the expenses you will have to pay for when you buy time share properties. Annual fees, real estate taxes and maintenance fees are but a few of the things you have to pay in keeping your unit. Another important thing to remember when considering to buy time share property is to decide what kind of time share ownership you’d like to have. The four most common types are: -Fixed Unit, Fixed Week, Deeded Time-Share, where you buy time share and receive a deed stating that you own a specific time-share of a specific time every year. -Floating Time Agreement, where you buy time share based on the dates available to the time share property. -Right-To-Use Time-Share, where you buy time share as a lease. At the end of the lease, you no longer have rights to the time share property. -Vacation Clubs or Points-Based Programs, where you buy time share property from a variety of vacation destinations. Each stay of the property uses points, which depends on the time-share unit and period purchased. All of this may sound overwhelming but to the diligent and thorough person willing to buy a time share, nothing is wrong with being cautious. The more you know about the rules of buying a time share property, the more you will be able to get a property of great value and one you can enjoy each time you visit. |
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