A lot of potential timeshare investors; most of them buyers are puzzled when that crucial moment comes for them to decide on what are the most vital factors worth of their utmost consideration, when purchasing timeshares.
Modern buyers are more market savvy than their predecessor's decade ago.
They are well informed about their purchases, and this is because they conduct research prior to making any move.
But not all modern buyers belong to the "market savvy class", the uninitiated are often stuck in a rut when prompted for the essentials that need be considered prior to purchasing a timeshare.
The paragraph below is dedicated to you the reader, to provide you with the insight into the essential factors worth your consideration if you ever think of investing in timeshare.
Don't play the fool; these criterions are a good measure against the timeshare you buy.
Suppose you are effecting your timeshare transactions through a timeshare broker, ensure that the party is doing a legitimate business and is licensed.
Try to also establish his timeshare handling reputation and rate of success.
Feel free to inquire about any questions you may have about your timeshare.
Below are good examples of such questions.
* Inquire about their resort maintenance fee and whether it is raised on annual basis, and by what rate if yes.
* Inquire about what chances exists of getting best timeshare in any given week.
* Ask about the earliest date by which you should have made your reservations.
* Inquire whether there are any extra benefits that come with your timeshare.
* Inquire whether or not the timeshare Company offers a bonus week program.
* Ask whether you can trade or exchange your timeshare without the need to join an exchange company.
You can also enquire from the same timeshare broker about the point system.
Some highly regarded firms trade their timeshares at higher rates if they have a points system in place.
Inquire from him whether that's a reasonable method or you are better of purchasing a resale.
The factors that influence timeshare unit costs are demand for some weeks could be high, that means the price maybe high for that week, demand for specific locations maybe high.
The unit size could also affect the timeshare price; bigger units are more in demand because they're easy to exchange and trade in.
Don't forget that the reputation of the company that owns the timeshare resort is also important.
Make sure you have viewed the unit prior to making your purchase; there are reported cases where the re-seller or Timeshare Company provided descriptions have turned out to be false and mis-leading e.
g.
the location, unit size, and many more.
If you are unable to view it and you happen to have a family member or friend that resides near the given location, request them to go and see it on your behalf.
Getting references is a good thing too.
Should you be able to avail yourself for the unit viewing, seek the neighbor's opinion on the amenities and management.
Remember to enquire about the following.
* Their opinion of the resort.
* The period that they have been vacationing in that resort.
* Ask whether dates are easily obtainable without much fuss.
* Seek their opinion on the management firm and if they feel satisfied, if not why? * Inquire about maintenance and other fees levied, ask if they have a nice record or they are unpredictable.
* Ask if reservations and exchanges are easy to make.
* Inquire about the long term goals of the developer, like do they plan to improve the property in the near future.
Do your survey to dig up enough information regarding to prices in the area you are purchasing.
Cyberspace is your biggest ally in accomplishing this feat, because info on prices is just a click away in the auction website like eBay.
com or maybe bidshare.
com, whichever you choose.
Remember that if you are purchasing a resale timeshare unit, it should be less costlier as half the cost of a new timeshare unit sold by timeshare developers.
If you are going for a new timeshare via a timeshare firm, ensure you've read carefully through and understood the details in the fine print prior to signing any contract.
If it's a resale, then ask the timeshare seller about their reasons for selling it, there might be a reason behind it, an example of which could be a problem with the management firm or some kind of inconvenience.
This could give you a feel of any existing problems and challenges that you could possibly face and could be a reason enough to accept it or reject it.
Ensure that there are no past pending dues on property taxes or maintenance fees because this could multiply your cost.
Once you've done your vetting of the above issues, then you'll likely be in the best position to make a smart and transparent decision in the purchase of timeshare that you won't regret later.