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TIMESHARE BOOK REVIEW Timeshare Properties are your opportunity to own a piece of Paradise without being a millionaire or rob a bank. You can own a prime vacation unit in a house, condominium, town home, RV park, hotels, and many others... If you've been looking for a way to own a little slice of heaven and are looking into buying a timeshare, I urge you to do you due diligence before entering the timeshare waters. One way you can start to familiarize yourself with the timeshare world, is to pick up a copy of: Timeshares For Dummies.
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| Timeshare News
brings you up to date information, educational tips,
promotional offers and other timeshare related information
every month to you emailbox. If you're interested in
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May, 17 2007 Location, Location Location: There are only three things that you need to look at when buying a timeshare, and these are it. This statement is not only false but it is misleading, location, yes in deed, is the number one aspect of buying any piece of property, simply because you cannot move real estate (unless it's a mobile home) you are stuck right where you bought it. However, utility is probably second in importance, the more utility that you have the greater the trade value, and the resale possibility you'll have. The utility is the size, number of beds and baths, and amenities like decks, balconies, etc. Next lets look at financing, are you being trampled on by your mortgage lender? This is highly unattractive and will only make your use of the timeshare for all of your days to come and heartache. |
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Lets look at some of the finer points of locational importance: the location of your timeshare unit can mean many different things, especially when timeshare units are usually garden style 'stacked' tenancy in a motel or hotel type layout. Location can me, water or ocean views, this concept is extremely important because these units are always the most desired. If you're in a complex that only some of the units have water views or are water front, then these are the units that you want to buy because they will always be the most sought after units. In a down market they will depreciate the least. In an up market they will appreciate the most, and they will always the get the highest trade value within a complex. Location can also mean "Not Near Something" we call this "External Obsolescence" and Obsolescent is something that is NOT good. External is something outside of the unit that you cannot change or fix, and will affect the future resale or trade value of the unit. If there is power-lines, a water tower, or a telephone pole in front of your pool view, etc. this will all negatively affect your resale value. People always buy emotional then try to sell like a business person, these situations need to be evaluated prior to buying. You can discover many important attributes in the buying and selling process in the book www.HowToAppraiseYourHome.com - these will help you buy a little bit smarter so when it does come time to sell or trade you'll be in a better position to negotiate.
Utility is the number of bedrooms and bathrooms your unit has , as well as the dining area, maybe even a family room and I like to include (with less importance) the amenities inside the unit, like fireplace (in a cold area) balcony, deck, etc. First and foremost, bedrooms. Nobody wanting or needing 3 bedrooms is going to buy a 2 or 1 bedroom unit for any reason. Many units are 1 and 2 bedroom, so having a 3 bedroom will make your unit incredibly popular with these family folks. Bathrooms are important because while on vacation you are gunning to go out and the bathroom will clog. having at least one bath per bedroom is important (or at least a commode per bedroom). Remember to
plaqn for your immediate future vacation needs before
buying. A young couple buying a 1 bedroom. What happens when
2 kids later happens... |
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| Timeshare Financing | |
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Poor financing can turn your dream vacation into a nightmare that you can shake. Its the Movie: The Blob that once it gets on to you, eat slowly east away at your body until it devours your entire body and your dead. While it may not be this devastating, and it certainly won't happen this fast, it will be something you'll regret. Remember that your contract is a long term deal and that selling timeshare units is not that easy, and that no matter what anyone tells you... you will most likely lose money. Historically, timeshare properties lose money
more than first or second homes. When you factor in financing, carrying
costs, taxes, and the like, 90% of all real estate owners that do finance,
lose money. With timeshare this even more so; however, you're not buying
this make money, you're buying this to have a vacation home you can rely on
going to year after year because you love the location, you love the
facilities and you love the accommodations. |
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Timeshares By Owner
Timeshare Listings by Owner offers you the unique opportunity to browse our free listings for timeshare listings posted by owners, read the online forum and articles about timeshare property and vacation ownership, and now, to even read our monthly updated Timeshare Blogs. To add you name to our mail list and to be notified when new Blogs are available; email us here.
Timeshare Vacation Ownership offer a unique opportunity to anyone from just about any economic walk of life to own a vacation home in upscale resorts that would normally not be affordable to them.
If you've been looking into buying a second home, or vacation villa, and have found that it just isn't possible due to the carrying costs of owning a second, even when you factor in the possibility of renting it out.
Or, you just don't want the risk of maybe renting it out, and then having to carry the expenses when you don't... then vacation ownership of a timeshare just may be right for you.
TSBO.com TSBO.com Wants You to help us bring News and Reviews on popular Timeshare Destinations to other readers visiting our website! If you've just visited a timeshare resort or are involved and knowledgeable about timeshares... then we want you to send us a write-up about your timeshare including the type, style, appeal, cost, experience, and anything else that would help our visitors to get a good idea of what your resort may be like. You can email your timeshare write-ups to: jsvacations@yahoo.com , be sure to note TSBO.com in the email and to add your website link if you have one. |
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