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Buy Timeshares Wisely
Buy them wisely and you won’t be disappointed. With thorough research and a clear identification of your current and future needs, you will be able to avoid disappointment.
Many of us enjoy a luxurious yet affordable vacation. Timeshare becomes the solution to this when beautiful resorts around the world offer timeshare packages that will allow them to have the best of both worlds. Luxury and affordability are often emphasized when timeshare companies advertise their vacation properties.
Timeshares are offered in fixed, floating and flexible weeks:
- With a fixed week act or agreement, you can only stay at the station during the week assigned to you each year.
- With floating weeks, you must contact the resort to designate the desired week. You can make a reservation at any time during the calendar year (or according to the months determined in your contract) depending on the availability of the stations.
- Flexible weeks require you to make a reservation for an assigned season. Resorts have high and low demand seasons. In general, red corresponds to high or high season, white to mid-season and blue to low season. Of course, demand affects the purchase price.
The purchase price of timeshares varies depending on the following factors: time of year, location, resort amenities, unit size, and market demand for the units offered. Other timeshare companies use a point system as units of measurement to establish timeshare value, allowing the timeshare owner to choose from a variety of resorts listed with the company.
There are also timeshare exchange companies that offer their members the opportunity to exchange with a comparable resort elsewhere in the world. The two largest exchange companies are:
- Resort Condominiums International (RCI)
- Interval International (II).
Be aware that your needs may change over time. So it might be wise to keep all your options open and make sure you’re not restricted to the same complex for years. If you’re looking to be able to trade, here are some tips for buying wisely:
- Buy timeshares in high season. You have the right to book at any time of the year and you will not be limited.
- Shop in high demand areas. This will benefit you from what will be offered to you in exchange for your timeshare by the timeshare exchange companies.
- Comparing expensive prices is not always better.
- Check maintenance fees before committing.
You can buy timeshares for much less money than the resorts charge. Many previous owners sell timeshares at a discount allowing you to buy for much less than you would pay at a resort. Go to the Internet and search for “Timeshare Resales” or “Timeshare Auctions”.
And you can always try before you buy. Rent a timeshare for your next vacation to see if you really want to buy timeshares.
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