The timeshare industry is growing at an ever increasing rate, providing consumers with a plethora of travel options. However, it isn’t always clear how to go about it. Many times, the best way to go about it is by taking the right steps in the first place. If you’re considering buying a timeshare, there are several things you should know before you start shopping.
First, be sure to compare the costs of the various vacation packages available. You might be tempted to sign up for the cheapest package that is available, but that can lead to regrets down the road. It is also wise to ask for a detailed contract to ensure you’re getting your money’s worth.
There are several consumer-friendly sources of information on the topic. These include Timeshare Users Group (TUG), Redweek, and the Timeshare Crusader. TUG is probably the best site for this type of information, as it is the oldest in the industry. Another consumer-friendly source is Facebook groups. Several of these groups have members who are experts in the industry and can help you decide if a particular property is right for you.
In addition, the TUG website has a YouTube channel, which is the only site in the industry that is currently offering videos. One of the best features of the site is its user-friendly navigation. By simply typing in your search term, you’ll be able to view the latest news in the industry. Similarly, the site has a list of exchanges, which allows you to find other timeshare owners for your property. This can be a helpful tool in avoiding a timeshare scam.
Also, you might want to look for the newest and most exciting timeshare innovations. Typically, these new products have to do with innovative designs by some of the top names in the hospitality sector. For instance, the Disney Vacation Club offers a unique product where you can choose from different points to visit. The company has a range of annual dues that range from $4 to $10, depending on the point level you choose. Likewise, the Fairfield Vacation Club is setting up a high-end motor coach service, and plans to convert the Franklin Printing building adjacent to the French Quarter into a 119-unit timeshare resort.
While it might be hard to get rid of your unwanted timeshare, you can always sell it. Just remember to be patient, as it might take some time. Purchasing a timeshare isn’t something you’ll do without some research. Some companies will give you a “free” timeshare to try out, but there is no guarantee that you’ll get your money back. Before you sign a contract, make sure you are aware of all of your rights and obligations, as well as any special assessments you may have to pay.
Finally, the newest version of Everything About Timeshares is a must-have for any timeshare owner. With this book, you’ll be armed with all the information you need to make an informed decision.