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| Think twice before buying a timeshare |
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| Written by Dean Grzelak |
| Friday, 08 August 2008 19:30 |
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Time share means that the right to use the property, mostly a resort condominium unit or a home in which multiple parties has the right to use. Before investing in a vacation property you will have to know the advantages and disadvantages of timeshare ownership. In timeshare ownership you pay for staying in a home or condominium with other people and do not have any ownership of the property. Despite the rising costs of the property, timeshares are very popular today. Timeshare resorts seem to be attractive but there are some disadvantages to take care of. If you're looking into buying a timeshare, take a look at you life to see if that what fits you. Can you afford a timeshare? One of my personal problems with buying a time share is the absolutle lack of appreciation. You are looking into buying a small fraction of a resort in most likely an exotic and sought after location. Since you are buying a piece (regardless of how small) of real estate I would expect my piece to appreciate. However, with timeshare ownership you get nothing, nada, zilch. On to another peeve of mine. When trying to resale a timesale, you are going to have a tough time. The resale market of timeshare siply does not increase as most other properties do. These things simply are reselling for what you paid. Also you cannot send friends or family on vacation as you cannot use your timeshare twice in a year. Yearly maintenance charges should be paid despite of the fact whether you use it or not. There is a need of advanced planning for spending a comfortable vacation at the timeshare property. The owner of the timeshare property has to interact with exchange companies and has to deal with the costs. When you decide to purchase your timeshare you will have to figure out how you are going to pay for it. Traditional mortgages are not available for timeshare, so you will either have to pay the enire amount out of pocket or use another way of financing. Most people don't want to vacation in the same place every year, this is another big timeshare turn off for me. If you are a spontaneous traveler timeshare ownership is really not for you. Timeshares are expensive (especially if you want peak season). If you want a specific resort it will be that much more. Besides how costly it can be some of the creative financing options available have interest rate at about 16%, can you say holy cow? For those of you that are seriously concidering a timeshare membership think twice. If you really want to look into something that has real value and will be worth every penny, check out Global Resorts Network (GRN). Global Resprts Network has a vast registry of beautiful resorts all over the world you will have access to. Global Resorts Network is a 22 year old company that is a great alternative to timeshare ownership. You'll get all the perks with NONE of the bad stuff. With Global Resorts Network you will have access to the best resorts in the best locations. You won't ever pay a annual maintence charge. Best of all there are no black out dates. I am telling you, take the time and at least look into it. My name is Dean Grzelak and I am a member of Global Resorts Network. As a member you have full access to all the resorts and you also have access to a great business opportunity. Take a moment and go to: www.grnextremesuccess for details. About the Author: Before you buy any timeshare, make sure you check Global Resorts Network with Dean Grzelak Global Resorts Network Also check out the amazing business opportunity Global Resorts Network offers Global Resorts Network Kindly provided by MoneyHunter.org You are welcome to use this article on your own website, if you include the link just before this text. |
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