A very bad real estate investment or the best way to spend your vacation dollar, this can be the definition of a timeshare. Nowadays, timeshares have become an important part of the American vacation experience. Even if the sales pitches may still be obnoxious, the product itself has largely outgrown its tawdry reputation from decades ago. Then, developers carved up second-rate resorts into one-week timeshare contracts. Now, world-class resort companies set a high standard for the new developments, and the industry is growing.
Still, timeshares remain a lousy investment. Most owners who are trying to sell unwanted timeshares expect to get back no more than 50 cents to 70 cents on the dollar. We have to remember that timeshares are still sold with high-pressure, so the conclusion is that you are turned off completely to the idea of owning such a thing.
However, timeshares are a good way to allocate your vacation budget. The important thing is to choose in an wisely manner. For that, you have to establish which type of timeshare owner you will be, a user or a trader. If youre a user, you need a timeshare thats not too far from home and can keep you interested for a long period of time. A beach resort you take the kids to for a week in July would be a good example here. A timeshare means high-quality lodging at a set price. If youre a trader, on the other hand, you give up time at a property you own in exchange for time at other timeshares. The idea is to buy cheap contracts at resorts in crowded locations where there are not enough units. That means it is better for you to buy in a city with relatively few timeshares, as New Orleans is, rather than in Orlando, the timeshare capital of the world.
If your looking to buy a Timeshare you owe it to yourself to take a look at our site for some of the best free information.
Timeshares