Articles

Many buyers get confused when asked if they have a checklist of things to consider before buying a timeshare. The following paragraphs provide you with a checklist to make sure that you are not missing the important criteria that should be weighed against the timeshare you are buying.

If you plan to buy timeshare via a broker, ensure that he is licensed and make an attempt to discover his reputation. Be sure to ask good questions that are relevant to the timeshare. Here's a few good questions to start with:

* What are the chances of getting a best timeshare like in a desired week? * Are there any extra benefits accompanying your timeshare? * Do the timeshare company has bonus week program? * By what date you should make the reservation at the earliest? * Can you exchange or trade your timeshares without joining an exchange company? * What is the maintenance fee of the resort and do they keep raising it every year. If yes, how much?

Be sure to ask about the point system. You may have to pay more if they have a points system. Ask the broker if this works out to be reasonable or if you would be better off just buying a resale timeshare. The price may be higher if certain factors are at work. Is it for a particular week that is in high demand? Is the location in high demand? Is it a larger unit? Also, the reputation of the timeshare resort is often a factor.

See the unit before you buy. In many cases, the descriptions provided by the timeshare company or the re-seller turns out to be misleading like the location, size of the unit, etc. If you cannot see it personally, if your family members or friends lives near the location tell them to go and see the unit. Additionally, try to get references. When you go and see the unit, ask the neighbors what they think of the amenities and the management. You can also inquire from them:

* What they think of the resort? * Time since they have been vacationing in this resort? * Are dates easy get without much problems? * Is the management company good and are they satisfied? * How about the maintenance fees and other fees? Do they have a good record or they raise it too frequently? * Is it easy to make reservations and exchanges? * Are developers planning on improving the property in near future?

Online auction sites can help you do your homework and find out the prices in the area you are looking at buying.

Keep in mind that if you are buying a resale timeshare unit, it should be as cheap as half the price of the new timeshare unit that developers sell. If you are buying a new timeshare through a timeshare company, read everything carefully in fine print before signing any contracts. When buying a resale timeshare, ask the seller why they are selling it because there can be an underlying problem like problems with the management company or inconvenience. This way you can get a feel of the potential problems that you may also have to face and can decide whether you may be able to handle it or not. Also, make sure that there are no past dues on maintenance fees and property taxes, as these will add up your cost. If you take care of all these important factors, you should be able to make a smarter decision in buying a timeshare.