What do you need to look for when buying a timeshare?
I'm looking to buy an affordable timeshare. I do not know anything about them. Any adivce?
Public Comments
- Take your time and shop like crazy. Learn as much as you can about them first. And never buy from the developer if you can avoid it. Inevitably, there's always someone who buys them that needs to sell them at big discounts. Just be careful you're buying the real deal. There's got to be dozens of timeshare websites, blogs, forums, etc.. for you to look at. It's a big investment, and an ongoing commitment, so do lots of homework. Think about what you really want. The same place every year? One that can be easily traded to go to other places some years? There's point systems, and all sorts of other schemes. Start at http://www.intervalworld.com/web/cs?a=5 This is a reputable exchange site. Look at their resort directory, it will show probably hundreds of different resorts.
- A Real Estate agent in the area that you are looking in, that has timeshare experience! There are many agents that sell mainly timeshares! They are true experts and they charge you, the buyer, nothing! Good luck! Vicki Watzlawick Broker Owner Exit Platinum Realty
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