Contrary to the truth, timeshare suffers from a bad name, primarily because of scams and inexperienced companies with extreme sales tactics. The reality of the timeshare industry is different, the majority of the companies are genuine and offer legitimate timeshare properties at great prices. So, is timeshare a scam or a great investment?
Scams
Timeshare in and of itself if not a scam, but there are various ways that people get ripped-off by companies deliberately seeking to defraud people of their hard earned cash. The most common timeshare scams are the resale scams where companies appear to be helping you sell your timeshare but charge upfront fees.
Regular Vacations
Perhaps the best advantage of owning a timeshare is that you are encouraged to take regular vacations with loved ones. Having your own home away from home makes it so much easier to get away.
Luxury Accommodations at Great Prices
Buying a timeshare allows you to purchase a unit that you would not otherwise be able to afford if you were to opt for full ownership. This means that you can afford more luxurious accommodations and apartments. Most timeshares are condo-style or apartments in a resort, which means you can save money on eating out, using the fully equipped kitchens.
Maintenance Fees
It is true that owning a timeshare implies paying maintenance fees, and while these are often the source of complaint, they are in fact necessary for the efficient running and upkeep of your investment. Maintenance fees ensure that your home for home is in perfect condition when you arrive and you share the cost amongst all the owners.
Destinations
The best timeshare companies like Villa Group have a nose for a perfect vacation destination. If you opt for an established company you can be sure that your investment is safe and that the location is going to be a popular place for years to come. This helps if you ever wish to rent, swap or sell your timeshare at a later stage.
Timeshare Truths
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3 responses to “Timeshare Truths”
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Timeshare industry is known for being very susceptible to scams. Year after year, thousands of people around the world feel they were scammed by a timeshare developer. The reason why fractional ownership is successful, it’s because shared properties have become a tremendously profitable way for resorts to sell real estate- mostly suites in important touristic destinations. On the other hand, despite the success, timeshares have gained a bad reputation.
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Many timeshare companies are known for having a dubious reputation. Do an internet research on the company to find out if it is a good option to purchase a timeshare.Look out for complaints, reviews and any other information that might be relevant for you.
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Timeshares can be a terrific purchase for some families, as they also can be a giant rip off for others. 50 years ago, also known as Holiday Home Sharing or timeshare travel, timeshares were created with the idea of offering fully furnished accommodations for a lower price than a full-time ownership. Nowadays, timeshares have become a very popular vacation option, yet lots of people do not completely understand how timeshares operate.
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