Timeshare Tips for the First Time Buyer

Friday, May 15, 2009 ·

By bill gannon

Thinking about buying a timeshare? Want to get the most bang for your buck? Here are a couple of fundamental facts about the timeshare industry you need to know before you take the plunge.

When considering a timeshare purchase, the single best piece of advice we can give you, is to buy used. A huge chunk of the price you are agreeing to pay when you buy a timeshare new is used just to cover the advertising costs.

Alright, so you know if you want the best bang for your buck you gotta get your timeshare used. No clue were to start? Here are a few places to help get you on track. Many timeshare owners sell their timeshares on ebay for cents on the dollar. Redweek helps people sell their timeshare for a small listing fee. TUG is a forum run by timeshare owners for timeshare owners and is another great place to find deals.

The next thing to consider when looking at timeshares is flexibility. Going to the exact same place on at the exact same time of year every year might sound like a good idea now, but we can promise you.. its going to get old. Try to get a timeshare with RCI points or flexible weeks.

Contract Perpetuity. Special assessment fees. Accelerated Use. If these terms are unfamiliar to you, you should really consider going through that timeshare contract with a fine tooth comb before signing. Timeshare contracts are complicated. Know your rights and responsibilities before you are locked in.

Finally, consider your options. Timeshares seem like an attractive idea at first glance.. and following our tips will help you stretch your dollar a little further. But at the end of the day, a timeshare is a timeshare.. and unfortunately.. timeshares are a bad investment.

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