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Consider A Timeshare For Your Family Vacations |
By:
David Chandler |
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A timeshare is the name given to piece of real estate where a
number of individuals share ownership in a piece of property. By
owning a timeshare, you have bought time and you share the
vacation property. Most time-shares are condominiums at vacation
resorts, but they may also be recreation vehicles and cabins
aboard cruise ships. Chances are good that you will find a
timeshare wherever you plan to vacation. If you buy a timeshare,
you are getting tomorrow's luxury resort vacation at today's
prices
The timeshare industry experts estimate that the majority of new
time-shares depreciate immediately after purchase by at least 20
to 30 percent. However, the timeshare industry is the fastest
growing segment of the travel industry. Several highly regarded
resort-hotel chains have gotten into the timeshare business.
Vacation ownership has enjoyed substantial growth over the years
with approximately 3.3 million timeshares sold since 1980.
When you buy timeshare on the resale market, you are already
ahead of the game, as used properties are significantly less
expensive than new ones. You also have the right to a brochure
and written contract setting out basic information on the
property in your own language. Ownership requires you to pay an
initial purchase price and periodic maintenance fees. Should you
decide that you cannot use your timeshare, you may be able to
rent it to others. Terms such as these should be defined in your
contract.
If you determine that purchasing a timeshare or vacation home
makes sense, comparison-shopping is your next step. Consider
whether you will be able to use a timeshare facility year after
year. Never be pressured into purchasing by high-pressure sales
people. Consider the vacation area and imagine what the area
will be like several years later. If the area that your
timeshare goes down, so will the price of your timeshare if you
decide to sell.
For more information about timeshare properties, visit
http://www.timeshareanswers.com
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Article Source: http://www.friendsofvista.org/articles/article27890.html |
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