Sunday, May 17, 2009

Timeshare Buyer Tips

By bill gannon

If you are new to the timeshare industry there are a few things you should know before signing on the dotted line. This article will cover some simple steps you can do to save yourself a bundle of cash and ensure you get the most out of your timeshare.

Probably the most important thing you can do for yourself when considering a timeshare purchase is to buy on the secondary market. On average, timeshare companies normally inflate the cost of a new timeshare by a good 30% to cover the advertising costs.

Armed with that tid-bit of information, we advise you to check out places like ebay, redweek, or tug and seek out owners looking to sell their timeshare. More often than not you will be able to buy a used timeshare for cents on the dollar.

Unless going to the same destination year in and year out is your cup of tea, you should give yourself some options. Make sure you pick a timeshare that has floating weeks and RCI points.

Make sure to read the timeshare contract thoroughly before signing ANYTHING! Most timeshare contracts include whats called a perpetuity clause. What that means is the maintenance fees on the timeshare are your responsibility.. forever. Know what you are getting into.

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. - 16887

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