Timeshare Buying Tips and Advice – Seamless, Simple, and Safe
Tuesday, December 9, 2008
Here on The Timeshare Authority, we have a number of posts about problems buying timeshare, so it might be a good time to offer a few simple tips to help you take advantage of the great deals in timeshare resales while avoiding the type of missteps that lead to dissatisfaction with your timeshare purchase.
First, be knowledgeable. Learn about points systems, benefits, and maintenance fees at any timeshare resort where you are considering buying property. Read reviews by current owners and visit online discussion boards.
Second, when you go to closing, use a reliable and knowledgeable timeshare closing company. You want to make sure that you are really getting what you think you are getting, including an estoppel letter from the resort. The best way to do this is by using a timeshare closing company that specializes in timeshare resales transactions.
A good timeshare resales closing company will essentially walk the timeshare buyer and the timeshare seller through the entire closing process, so that neither party is met with surprises. In addition to an estoppel certificate or resort disclosure packet, your timeshare transfer company should prepare necessary transaction documents, establish a timeshare escrow fund, handle recording fees and deed recording (for timeshares in most US states), and provide the timeshare resort with notice that the ownership has changed.
Buy Timeshare Safely
Timeshare and timeshare resales continue to offer the best deals available in vacation accommodations. You can take advantage of these great deals, without becoming a timeshare scam victim or unhappy owner, by taking a little extra time to make sure you know what you are buying, and by dealing only with a reputable timeshare company.
To learn more about avoiding timeshare scams, watch this short YouTube video: