Sunday, July 10, 2011

Time Shares

This is a property which the owner will own the property for a short period of time anywhere from one to two weeks or possibly a month. A timeshare is typically used for a vacation or recreational purposes.

I really don't see why someone would invest in a timeshare. Number one you have to put a down payment just as you would with a house or condo. There are monthly payments to pay for property the same as if you would have purchased a home or condominium. On top of that you will have to pay a maintenance fee and taxes the same as you would pay on a condo. It seems to me very expensive to own a timeshare that you will use at the most for one month a year. If you add up all the expenses you could stay at a luxury hotel on your vacation for the same amount of time and probably come out cheaper. Before purchasing a timeshare you should really investigate all the fees and regulation involved in ownership. There has been such abuse and fraud in this industry that it is heavily regulated by most states. There is a period of recession usually 5 to 7 days that the purchaser may terminate the contract after purchase. So I say buyer be ware!

I Disclose:

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