Five Things You Must Consider Before Buying a Timeshare
Let's get straight to it everyone is looking to sell timeshares, and looking forward to being out of debt and out of a bad deal as well.
If everyone who is doing this had just known these five simply things upfront.
1) The amount of money these cost over the next 5 to 10 or maybe even 20 years in some cases.
The cost factor could have been avoided, if they had done something so simply as price comparison.
So many people buy these because they feel guilty about taking a free weekend getaway, and then they feel like have to pay $8,000.
00 and up to 15,000.
00, just to spend a vacation at these resorts for two weeks per year.
You can solve this problem by taking no less than four of these weekend getaways and by looking into these vacation clubs, most often these vacation clubs offer better rates, with no contracts at all.
2) Most of these deals now use what is called a point system, another reason why so many time shares are for sale is because these so called points are never in your favor, when you want to go to the more popular spots around the world.
Even when some of these allow you to purchase points, they neglect to tell you points are not for sale at certain times.
The only way to avoid this is to read the fine print.
I find the best way to avoid this is if they mention points just leave the deal on the table.
3) Have a limit as to how much you are willing to spend, I see so many people allow a sharp looking salesperson to raise their limit through the roof, and when they leave they are so happy until it's time to go on vacation.
And within two years they are looking to sell their timeshare.
The best way to solve this problem is to have a set limit and stick to it, most of these resorts offer many different packages to different people, you may be being offer the one that cost the most for that weekend.
The one way to avoid this is to tell the salesperson the price is to high and your credit card is at it's limit, there is a good chance they may offer you the same deal on a different day for a 50% to maybe 90% discount rate.
4) Do not allow the fact that you can leave this timeshare to one of your children be a buying factor.
Let's hope the better for our kids, I mean some of these resorts take a life insurance policy out on you for $100,000.
00 so if you were to pass on your children would get to keep the time share and the resort keeps the $100,000.
00.
You will be better off if you took out your own policy and allowed your children to decide what to do with the time share.
5) Never buy a vacation deal on the spur of the moment or at the last minute.
You will always pay three to five times as much.
Plan all of your vacations at least two months in advance.
If everyone who is doing this had just known these five simply things upfront.
1) The amount of money these cost over the next 5 to 10 or maybe even 20 years in some cases.
The cost factor could have been avoided, if they had done something so simply as price comparison.
So many people buy these because they feel guilty about taking a free weekend getaway, and then they feel like have to pay $8,000.
00 and up to 15,000.
00, just to spend a vacation at these resorts for two weeks per year.
You can solve this problem by taking no less than four of these weekend getaways and by looking into these vacation clubs, most often these vacation clubs offer better rates, with no contracts at all.
2) Most of these deals now use what is called a point system, another reason why so many time shares are for sale is because these so called points are never in your favor, when you want to go to the more popular spots around the world.
Even when some of these allow you to purchase points, they neglect to tell you points are not for sale at certain times.
The only way to avoid this is to read the fine print.
I find the best way to avoid this is if they mention points just leave the deal on the table.
3) Have a limit as to how much you are willing to spend, I see so many people allow a sharp looking salesperson to raise their limit through the roof, and when they leave they are so happy until it's time to go on vacation.
And within two years they are looking to sell their timeshare.
The best way to solve this problem is to have a set limit and stick to it, most of these resorts offer many different packages to different people, you may be being offer the one that cost the most for that weekend.
The one way to avoid this is to tell the salesperson the price is to high and your credit card is at it's limit, there is a good chance they may offer you the same deal on a different day for a 50% to maybe 90% discount rate.
4) Do not allow the fact that you can leave this timeshare to one of your children be a buying factor.
Let's hope the better for our kids, I mean some of these resorts take a life insurance policy out on you for $100,000.
00 so if you were to pass on your children would get to keep the time share and the resort keeps the $100,000.
00.
You will be better off if you took out your own policy and allowed your children to decide what to do with the time share.
5) Never buy a vacation deal on the spur of the moment or at the last minute.
You will always pay three to five times as much.
Plan all of your vacations at least two months in advance.