If you have decided to purchase a timeshare you may be unsure what types of questions to ask before becoming a time share owner. While everyone will have their own personal preferences regarding location, amenities, time of year, and perks, the following checklist is a good starting point for anyone new to timeshare to be sure to cover all of the bases. If you are unsure of any of the terms listed below you may want to refer to the following Timeshare Glossary, or click on the links included in the checklist (they will open in a new window).
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Timeshare has come a long way since the slick, fast talking time-share salesman. While he may no longer wear a plaid leisure suit, he remains focused on the sale, and will do everything in his power to convert your interest into a hearty commission. Some salespeople talk, talk and talk, and never listen to the client – this way they can give their pitch without getting too close. While others prefer to stick to the guilt highway, posing questions including, “Don’t you think your children deserve better?”, or involving family, work, and your personal life. To avoid falling for a trick, pay close attention, never let a salesperson tell you what you want, and beware of the “puke price”.
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In the early 2000′s, timeshare began to lose some of the gains in made in the late 1990′s. The 90′s were a great time for timesharing, with resorts seeing increases in profitability and property ownership, and it seemed as though timeshare was finally beginning to emerge from the dark cloud of dishonest salespersons, one-star resorts and false promises that tarnished their reputation during the development boom of the 1980′s. As of 2000, resort occupancies were down and the values for properties, as well as room rates, were on a decline.
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This article will help to assist consumers interested purchasing timeshare by providing a comprehensive list of topics to consider before signing the deed for time share property ownership. There are many timesharing options available from traditional deeded week ownership to points memberships as well as interval ownership; it is important to put the time in and do the research before agreeing to attend a timeshare presentation or attempt to buy for less on the timeshare resale market. By the end of this article a potential buyer should be able to determine what factors are most and least important in timeshare ownership.
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Most timeshare units are sold at a presentation, and even more often, there is a prize or incentive offered just for attending the timeshare presentation. The most common incentives include: discount hotel rooms, weekend getaway packages, show/event tickets, and prizes such as automobiles and boats. Being aware of these incentives, the high pressure sales tactics used by timeshare salespeople, and other tricks of the trade are important when considering purchasing timeshare. If you are interested in timeshare, the following 7 tips will help you to avoid being scammed into purchasing timeshare:
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