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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, townhome, 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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Looking Out for Timeshare Traps
Avoid These Timeshare Pitfalls for a Better 
Timeshare Ownership Experience

Timeshare properties represent for many Americans an opportunity to own a piece of the good life. It's like owning a summer cottage in your dream destination, except that you don't have to assume the financial responsibility of a mortgage, utility bills and maintenance hassles. Major timeshare corporations such as Resort Condominiums International (RCI) have enjoyed tremendous success. Consumers who invest in reputable timeshare properties literally have the world at their fingertips; they enjoy the option of trading out their timeshare for other properties in every corner of the world.


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  • Timeshare properties are offered to consumers in two different forms: deeded and non-deeded. Deeded timeshare requires that you purchase ownership interest in a piece of residential real estate property. Non-deeded timeshare requires owners to purchase a club membership, license or lease that gives them access to a property for a specific amount of weeks each year for a predetermined number of years. How much you pay depends on how many weeks you want to spend in your timeshare property, as well as the time of year during which you want to use it. Choose the season heaviest for tourism in any region, and you're going to pay more for the privilege of using your timeshare property. And yet, a well-managed timeshare property offers owners the flexibility of swapping weeks according to their schedules, the option of dining in their own home while on vacation (a money-saver), and a more comfortable, relaxed atmosphere for their vacations (especially if children are present).

Sound too Good to be True?!!

Sound too good to be true? That depends. There are, indeed, pros and cons to timeshare ownership. Before you sign on the dotted line, you'll want to consider the following guidelines as recommended by the Federal Trade Commission.

As with any purchase that costs thousands of dollars, you should understand what you are getting before you sign any papers or pay any fees. The general information here should be accompanied by careful analysis and possibly professional advice concerning all aspects of a particular timeshare purchase.


The Federal Trade Commission suggests that you consider several points before you purchase any type of timeshare:

  1. Are you able to plan your vacations several months in advance without risk of cancellation due to last-minute changes? Because you're sharing your property with many other owners, you must secure your preferred weeks well ahead of time. If you tend to travel at the same time each year, timeshare is better-suited for your lifestyle. But if your vacations vary in length and in season from one year to the next -- and are subject to 11th-hour changes that could drastically alter your plans -- you may want to think twice before signing a timeshare contract. Even if you plan to use your timeshare in a single location -- for example, in the mountains of Colorado -- find out where the timeshare company maintains other properties. You should have the flexibility of using your membership in other locales. Ask how many units the management company has at each location. While the company may speak highly of its geographic diversity, if you consistently find yourself shut out because of a shortage of units, that diversity is hardly an advantage.

  2. Demand all costs be in writing. Sure, timeshare sounds like a deal -- and it often is -- but you may be surprised at how high your "expenses" are. As a part-owner, you're required to foot the bill (along with the other owners) for maintenance. Maintenance fees average anywhere from $300 to $500 per year and up, and can increase according to fluctuations in the economy, or as the exclusivity of the area in which you own your timeshare increases. Before you commit to a timeshare property, ask if the management company has placed a cap on maintenance fee increases. Ask for a detailed report of exactly what services your maintenance fee covers. If any of these services aren't performed to your satisfaction or they're not performed at all, what will the management company do to correct the problem? You may also wish to compare the costs of investing in a timeshare property in your preferred vacation spot with the cost of simply renting a property in the same destination and the same season for the duration of time you'll be on vacation.

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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.

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Vacation Ownership 101

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TSBO.com Wants YOU!

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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