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What things should you consider before acquiring or buying a timeshare?

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What things should you consider before acquiring or buying a timeshare?

Answered By Editor


Before you purchase a timeshare, you should be aware of the costs of buying an interest in timeshare real estate. It is important that you, as a buyer, review all the documents and understand all of your rights. Here are some other factors that you should ask yourself before purchasing a timeshare:

* When is the seasonal demand for this property?

* What are the financial risks and investment potential?

* What will be the total costs including broker commissions, finance charges, and maintenance?

* Are there exchange programs with other locations or resorts?

* What is the true value of giveaways or other sales incentives?

* Also ask about the State protection and reputation.

There are different types of timeshares to consider. These mostly fit into two categories: deeded and non-deeded. Purchasing a non-deeded timeshare gives a membership, license or lease that allows the buyer to use the property for a specific time.

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