Author: Kristy Annely

It is possible to buy timeshares either from the developer or in the resale market. Consider which option would suit you better. Although timeshares are an investment because they confer ownership or long-term rights to you. However, because of fast turnover times, it may not be possible to physically check out a resold timeshare. A good offer generally wouldn’t wait for the length of time it would take you to check it out.

When you buy directly from the developer of the project, you can have the luxury of seeing what you’re going to get. If you have specific preferences, it is possible that buying from a developer is the only alternative available to you. Buying from a developer also usually gives you extras like bonuses.

If you are buying new, look at who is promoting the particular timeshare. What is the track record of the organization? If possible, get firsthand experience from existing members. Look at the competition. What are the rates offered for similar projects? Remember, timeshare values can vary depending on the location and the time of year. Rates can often be bargained, even when buying new from the developer.

There are a few things that you might want to check out when buying timeshares. Are you getting a “fixed” or “floating” week? The former gives vacation time for a specified time of the year, while in the case of the latter, you can change your time from year to year, although you will then have to book your time each year in advance.

Timeshares come as “deeded” or otherwise. In deeded timeshares, you actually own a part of the property and, therefore, can pass it on to your heirs. In non-deeded timeshares, you just have the right to use the facility for the period agreed upon.