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Real Estate Timeshare Investment Or Pain In The
imeshares are a large part Timeshares in prime locations
of the vacation travel such as Hawaii are easier to
industry. Travellers who trade than others.
cannot afford to own a home
abroad, or who don't want the Recently, big corporations such
worries associated with exclusive as Disney, Hilton, Marriott and
ownership, often see timeshare as Hyatt have entered the timeshare
an affordable alternative. market, and their properties are
However, unscrupulous of a uniform standard around the
salespeople, poorly maintained world. First, you should know
properties and unexpected hidden that if you buy a new unit
costs have brought a lot of bad directly from a timeshare
publicity to the industry. A company, it may cost up to 60%
well-informed consumer can avoid more than if you purchased from
the common pitfalls. the resale market. Buying from a
time-share company is more
It is always risky to buy expensive primarily because of
property sight unseen, but many the company's marketing costs,
people do this when they purchase which include free trips, meals
timeshares. If you purchase in an and vacation activities for
area where you wish to vacation, prospective buyers. Most
you may be unpleasantly surprised customers of these timeshare
when you arrive at your companies buy on impulse, without
destination. However, many any intent to purchase when they
timeshares are purchased with the first walked into the timeshare
intent of trading them for others seminar. Hard-sell tactics and
in different locations, and in "Buy-it-NOW-one-time-only-offers!
this case the location of the !!" are the rule, and to avoid
property is a bargaining chip, being pressured into a bad deal,
not the actual physical property. the best tactic is to avoid these
sales presentations altogether. in a prime location, it may
increase somewhat in value. But
Try the resale market for better usually time-shares are like cars
deals. Time-share resales are -- they are commodities to be
listed on many websites, on eBay used, and are resold for less
and with independent time-share than the original purchase price.
brokers. The search term Don't think of timeshares as real
"timeshare resale" produced estate; you are buying a vacation
approximately 500,000 results on plan.
Google, so there are plenty of
services to choose from. Also, unless you buy in a prime
If you buy directly from an location, swapping them may not
individual, a resale broker or a be easy. Timeshares are
lawyer can handle the closing for frequently sold on the claim that
a charge of $300 to $500. the buyer can trade a week in one
place for a week at another
If you are buying a timeshare for location. This is only true if
the resale value, consider the location is in demand by
regular real estate instead. other vacationers. Otherwise,
Timeshares do not increase in expect to vacation in the
value in tandem with conventional original location each year.
real estate. From a strictly
financial point of view, time To find out whether or not you
shares are poor investments. Most will be happy with a timeshare,
real estate increases in value, it may be a good idea to rent one
but this is not always the case for your next vacation. Many
with time-shares, especially timeshare units are placed on the
those bought directly from rental market by owners who
timeshare companies. If you get a couldn't get away to vacation at
good deal on a resale timeshare their alloted time, and these
units often rent at bargain the points to other facilities in
prices. Check the same websites the same resort chain. However,
that offer timeshare resales for when it comes to vacation
available rentals. planning, the points system
offers more flexibility because
There is a new "points" system the buyer is not locked into the
being offered by some timeshare same week every year.
properties. Instead of getting a
week each year, buyers purchase a Most important, don't forget the
set number of "points." These can annual maintance fee. Time-share
be redeemed for a week's stay owners are responsible for paying
during the peak season, for a portion of the property's
longer periods during the upkeep. These annual fees,
off-season, or even spread over including maintenance and real
the year in two- or three- day estate taxes, typically range
segments. Some large hotel from $300 to $700 per week of
companies such as the Marriott ownership.
also offer a points systems
whereby a stay at their hotel In summary, timeshares can be a
earn points in the company's good buy if they offer some
time-share system. Points systems flexibility in terms of
can be confusing, so be sure you transferring to other locations
have a clear understanding of the and timing your vacation. The
services you are buying. For typical timeshare is a small
instance, find out how much condo with kitchen facilities and
advance time is required to one or two bedrooms, ideal for a
reserve a week at the resort family vacation, and since such
during peak season, whether the units rent for $150-200 per
points have an expiration date, night, a timeshare purchase may
and if it is possible to transfer be cheaper way to travel.
However, if you are a mobile the extra space, or if you travel
traveller who likes to stay in a at unpredicatable times, then a
different town every night, a time share may not be suitable.
single person who doesn't need
About the Author:
J Shipper loves timeshares Living on a Cruise ShipArticles Condo Cruise Ship
Source: www.isnare.com
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