Timeshare Purchase Warning Read Your Contracts Before You Close the Deal

The timeshare industry has been ripe for scammers. In some case scammers may
even provide copies of agreement contracts as proof to potential buyers. So,
just be aware that there are scams out there and be on the guard before you sign
anything. timeshare scammers will ask owners to send copies of deeds and the
account numbers of private banks as well as routing numbers. So beware! You
should never give such details to anyone. timeshare rentals can be a great way
to save money on a location. Before you try to rent a unit make sure you do
business with people who have actually rented their timeshare in the past. Some
owners do not have the right attitude needed to rent their timeshares. More and
more people have taken to investing money in buying timeshares to enjoy their
vacations.



Others use the timeshare for a while and then for some reason, it no longer fits
in with their lifestyle — and they also find themselves putting their vacation
unit back on the market. It you anticipate selling, it is advisable not to
depend completely on what the timeshare resellers say. Always properly check the
details of any previous maintenance fees and property dues left unclear. Some
people consider a timeshare simply as a vacation condo. The timeshare industry
has a reputation for over aggressive sales people with less than stellar ethics.
However, in today's global market, the timeshare industry has reached maturity.
Consequently, many timeshare developers are owned by huge corporate holding
companies. Also, in terms of being fearful of 'scams', in the US, timeshare
sales are pretty much regulated by state agencies.



You can always put your unit up for resale. A resale management company would be
glad to handle the transaction for you. They will keep you up to date and inform
you of any updates or change in status of your transaction. When timeshare
condominiums are listed they will give details on how many weeks the timeshare
unit will be for sale. Usually the unit is sold 51 weeks of the year. My one
piece of advice for you is this: The number of weeks for which people will be
staying in the timeshare vacations spots is mentioned in the contract paper. So
make sure you know how many weeks you are buying. You may been told one thing,
or remember 'hearing' something else, but what you have in reality is going to
be in writing on your contract. So, read your contract!

Thomas Sondheim became interested in Timeshares several years ago when he was
hired to sell timeshares for a national company. Prior to selling timeshares,
like most people, the world of timeshares seemed strange and elusive...not to
mention full of questionable sales practices. (At least that's what he thought.)
It wasn't until Thomas realized the great benefits of Timeshares, that he became
a fan of this unique real estate vacation opportunity. Visit
http://www.TimeSharePilgrim.com
for several free timeshare ebooks and free timeshare newsletter.