Advice on Buying a Timeshare
Buying a timeshare may seem like a discounted luxury thanks to the high-pressure sales tactics employed by timeshare resale agents.
You may go into a timeshare presentation with the specific intent to decline whatever offers they throw your way, but the minute they slash the price in half, you immediately get roped in believing you got a deal no one else got.
It's not until you end up at your second presentation (you won't give in; you just wanted to free concert tickets) that you realize the slashed prices are just part of their sales tactics to help seal the deal.
If you are contemplating buy your first timeshare or maybe even your second, it's important to ask yourself some very important questions to help you evaluate your timeshare options and see if buying a timeshare (or another one) is even optimal for you.
1.
How much are willing to spend up-front? Think of it as a down-payment on a house.
However, the difference between a house and a timeshare is that a house appreciates in value where as a timeshare is a depreciating luxury.
2.
How much are you able to spend on yearly maintenance fees? Are you okay with the fact that those fees will probably go up every year as the value of your timeshare continues to depreciate? 3.
Do you want to return to same resort every year, or do you want to exchange? If this is your second timeshare you are considering to purchase, are you considering another timeshare purchase because you are bored with going to the same location every year? Maybe what you need is an upgrade of your current timeshare.
4.
How often do you want to take a timeshare vacation? Once a year? Twice a year? Four times a year? Will this timeshare allow you to travel that often without additional fees? 5.
How many people do you usually vacation with? Will you need a one bedroom or three bedroom timeshare unit? 6.
What's your vacations schedule like? Can you travel off-season or are you restricted to a school vacation schedule? 7.
Can you commit to a vacation at least 12 months in advance? Are you organized enough to learn how to use the timeshare system to your best advantage? These are just some of the basic questions you should ask yourself when considering to buy a timeshare.
You may go into a timeshare presentation with the specific intent to decline whatever offers they throw your way, but the minute they slash the price in half, you immediately get roped in believing you got a deal no one else got.
It's not until you end up at your second presentation (you won't give in; you just wanted to free concert tickets) that you realize the slashed prices are just part of their sales tactics to help seal the deal.
If you are contemplating buy your first timeshare or maybe even your second, it's important to ask yourself some very important questions to help you evaluate your timeshare options and see if buying a timeshare (or another one) is even optimal for you.
1.
How much are willing to spend up-front? Think of it as a down-payment on a house.
However, the difference between a house and a timeshare is that a house appreciates in value where as a timeshare is a depreciating luxury.
2.
How much are you able to spend on yearly maintenance fees? Are you okay with the fact that those fees will probably go up every year as the value of your timeshare continues to depreciate? 3.
Do you want to return to same resort every year, or do you want to exchange? If this is your second timeshare you are considering to purchase, are you considering another timeshare purchase because you are bored with going to the same location every year? Maybe what you need is an upgrade of your current timeshare.
4.
How often do you want to take a timeshare vacation? Once a year? Twice a year? Four times a year? Will this timeshare allow you to travel that often without additional fees? 5.
How many people do you usually vacation with? Will you need a one bedroom or three bedroom timeshare unit? 6.
What's your vacations schedule like? Can you travel off-season or are you restricted to a school vacation schedule? 7.
Can you commit to a vacation at least 12 months in advance? Are you organized enough to learn how to use the timeshare system to your best advantage? These are just some of the basic questions you should ask yourself when considering to buy a timeshare.
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