When buying a timeshare, there are many different companies with an extensive amount of properties that you can choose. In addition to the many different companies, you also have the ability to purchase retail or resale. Because of these exhaustive timeshare options, some buyers can find themselves unsure of what is the right ownership for them. This can lead to the number one mistake timeshare buyers make. By understanding how to avoid this and how to easily weigh your options, you will have a greater insight into your next timeshare purchase.
The Mistake
The biggest mistake buyers make is rushing into a purchase without getting the best price, or without fully understanding if the property works best for their travel needs. Buyers may encounter a property which is highly sought after and by simply hearing that there are other buyers interested, they may attempt to lock down the purchase before they lose it. This is an all-too-common scenario at the presentations.
The pressure of a salesperson could cause you to purchase an ownership at a higher price than they could have found it or talked it down to otherwise. So many first-time buyers will look only to retail presentations for their ownership and forgo resale options which offers lower prices for the same ownership.
The Solution
Despite being a fairly common mistake, there is a simple solution to avoid the pitfalls of purchasing timeshares. By doing independent research and comparing prices, you can comfortably make a decision on if the timeshare is right for you, and if you are getting a fair price for your purchase.
Being patient without sitting on an offer is also important. Many times, by taking a bit of time to flesh out the details of the property and your purchase can put it into a clearer perspective. Impulse buying is rarely a beneficial decision, and this is especially so when purchasing property.
With these things in mind, it can be a much simpler process purchasing your dream vacation resort. If you have any additional questions about purchasing a timeshare, feel free to contact us to speak with a licensed agent.
