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What things should you consider before acquiring or purchasing a timeshare?
Author: Mel Tremaine
Website: http://www.my-timeshare.com
Added: Fri, Jul 7, 2006 21:38:41
Category: Timeshare Questions
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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 also 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.
See also: Timeshare | Vacation Rentals | Timesahre Sales About the Author:
Mel Tremaine answers frequently asked timeshare questions at PrettyGreatAnswers.com.
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