Become Familiar With Timeshare Real Estate

Most people who are interested in investing in the real estate industry are very well informed regarding the fact that timeshares are one of the biggest investment errors new can make in his or her lifetime. So what exactly is a timeshare? Timeshare properties are a kind of agreement between the owner of a resort and the customer that upon payment of a certain sum of money the customer will be allowed to spend a week or two as vacation in the resort every year at a fixed time throughout his life. Now this sounds like a good proposition to everyone at first, and that is exactly the reason why people still buy the timeshares, but once you have bought one such property you will hit the ground reality and you will find out the big blunder you have made.


The timeshare properties are considered to be the biggest rip offs in the real estate industry as the fact remains that most of the people who buy these timeshares are contributing to the profit of the resort owners and the salesperson who sells the timeshare to them.


On the other hand the customer even has to pay for the maintenance costs of the resort, which may amount to about five hundred to a thousand dollars each year. Once the customers have bought the timeshares then they realize their mistakes.


Actually when you come to think of it who would like to visit the same place every year, for one whole week? Some times the customer even find out to their dismay that the time of the year when they visit the resort is actually the off season and the prices they are paying for the resort is sky high as well. But by that tie it is to late, the timeshare salespersons are keen on hard selling heir products, in fact hey are so keen that they often do not mention the fact that the customer will be visiting the resort in the off season.


Now once you have realized the huge mistake you have made by buying the timeshare, that is the moment when you start looking for another prospective fool who would like o buy your timeshare and lift the burden off your head. But suddenly you will find to your surprise that the buyers market is filled with well informed people who unlike you have assessed the risk of buying a timeshare and therefore they are not ready to pay amount even near to the price with which you bought the timeshare.


So the best ay to sell your timeshare is to go for the kill and drop the price of your timeshare by thirty to fifty percent and then offer it up for sale, this way you will be able to get a lot of potential buyers who will be interested to buy the timeshare property. Some of the resort owners have resale programs of their own where you can sell off your timeshare as well.


For updates on property trends and investment http://www.usa.myfirsthomeblog.com

Comments on this entry are closed.