The timeshare industry has been around for over 40 years and is currently worth more than $9.4 billion a year, according to a study from the Timeshare Owners Association (TOA). According to a survey conducted in 2016, nearly one in three timeshare owners has been involved in a timeshare transaction in their lifetime, and eight out of ten have enjoyed a timeshare for at least a decade. Despite all this, some timeshare owners are caught in expensive obligations that keep them from enjoying the benefits of owning a vacation property.
Timeshares are a popular choice for many Americans, but there are a few pitfalls that could sway the decision. In addition to the usual sales pressures, some timeshare sales agents are less than transparent about the fine print. If the sales agent claims you have to pay for a certain amenity, ask for a breakdown of the costs.
Another thing to watch out for is the high price of dues and assessments. Timeshare owners are expected to pay for their annual stay whether they use the property or not, and the cost can run well beyond the budget. Fortunately, there are ways to reduce the pain, such as signing a contract or paying an upfront fee.
The Timeshare Blog, as the name suggests, is a great source for breaking industry news. You will also find information on the latest resort openings and closings. Whether you are considering buying or selling a timeshare, the TUG website is a great resource. Its founder, Brian Rogers, has also launched a YouTube channel to share his passion for the timeshare industry.
As for timeshares, the one you choose is only the first of many decisions you will have to make. Having access to all the available information will ensure you make a smart investment. However, it is not easy to choose the right timeshare. One of the best ways to avoid this common mistake is to do your homework. Check out the TUG website or visit the website of a qualified timeshare expert for advice. Also, check out the website of a reputable, professional timeshare broker, such as Timeshare.com, to help you find the ideal vacation property for you and your family.
Timeshares come in all shapes and sizes, from condotels to fractionals, and have a wide range of perks and benefits. With more options than ever before, it’s important to do your homework before you buy or sell a timeshare. There are a few things to keep in mind, though, including the cost of annual dues, special assessments and property maintenance. But if you follow the right steps, you can have a rewarding experience and save thousands of dollars in the process.
The timeshare industry is a great source of tourism, but it also attracts less than legal practices. In fact, some timeshare sales agents even go so far as to pressure potential customers into a sale. The TUG site was the first timeshare website to appear on the internet.