An Impartial Analysis of Timeshare

A considerably young industry, the timeshare business had much difficulty establishing itself as a legitimate trade that people would like to get into

. Much of the industry's tests were actually caused by timeshare agents and brokers' inability to stick with legal and ethical practices. In addition to that, scams and frauds left and right also caused numerous people to fear entering the trade.

Thanks to the large money involved, the timeshare trade was a constant avenue for fraud. In addition, even legitimate companies and salespeople resorted to aggressive, misleading and sometimes illegal tactics just to meet their quotas amid rising competition. Although the industry was able to weather these, other problems still make timesharing an uninviting investment.

Timeshare annual maintenance fees are one of the biggest disadvantages of owning a timeshare property. At the start of your contract, it may seem that these charges are less pricy than actual hotel rates, but keep in mind that unlike hotel rooms, these fees never go down. Interestingly, there are also cases wherein annual maintenance rates stated in a contract turn up not including all the necessary works needed to keep your property in mint condition. Thus, arises the suspicious need to charge owners additional service fees for said upkeeps.

Vacation Exchanging, although considered and promoted as a timeshare advantage, is also a huge industry disadvantage. Although, the program allows a timeshare owner to visit other properties of his mother resort company, it does not, however, guarantee access. Believe it or not, there are resorts which are almost impossible to get into even when it's supposed to be an "internal exchange." However, the program becomes extremely advantageous if an owner is a member of external exchange company that is connected to his desired resort.

Limiting the number of people that can avail of "industry benefits," price is a major setback of owning a timeshare. Most timeshare properties developers offer are overpriced. Want to buy a property but don't have the cash? Check resale sites like EBay and Sell My Timeshare Now. These online marketplaces offer timeshare properties that cost a fraction of the cost of a newly developed one. Keep in mind that the only sensible time to purchase a timeshare unit from a developer is when the resort is first offered for sale.

Condo-hotels or travel membership clubs are great substitutes for timeshare. These two programs have a different, though highly similar, system compared to timesharing: they provide more benefits, including access to a number of timeshare resorts. The lifetime membership in some travel clubs are just the fraction of a cost of a timeshare unit, and do not require maintenance fees. After paying the membership fee, the club member will still have to pay for each vacation, but the amount will be comparatively much less than a timeshare membership and its many dues.

Being a timeshare owner has its benefits. In the end however, such membership has too many disadvantages to be considered favorable. Free your mind from thinking that the best way to have a holiday is by owning a timeshare property. Remember that there are other, better options out there.

An Impartial Analysis of Timeshare

By: direct transfers

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