1) Buying the first one you see
There are approximately 6,000
timeshare resorts out there and there is no such thing as the “best” one. Don’t get caught in the trap of purchasing
the first one you see or look at online.
Also, remember that if it sounds too good to be true, it generally is.
everything you hear, good or bad
This goes from the salesperson
trying to sell you the timeshare, to your neighbor who says that all timeshares
are crap. It is YOUR money, it is YOUR
vacation and it is YOUR decision. Read
reviews, talk to people, check out blogs and then make your own informed
to bank your week
You’ll typically remember about 10%
of what the salesperson or online company tells you about timeshare. Then you’ll start planning your next vacation
and find out that your week has “expired” because you didn’t bank it. Send yourself a few reminders or voice mail
messages in advance so you don’t forget next time and have a bad experience.
reading the fine print
Yeah, we know that the documents
are very long and typed in very small print.
Read them anyway. All of
them. And remember that no matter what
the salesperson told you, if it is NOT in the documents, you shouldn’t pay
attention to it because the written documents are the only things that matter.
showing up for the annual HOA meeting
If you can’t attend the meeting,
then find out who will be representing you and other owners and make your voice
heard. There’s no excuse to complain
when you haven’t exercised your vote.
Knowledge is power and hundreds of
timeshare owners have lots of knowledge and lots of power. Check this blog, online forums to start with or get other recommendations.
that RCI and II are your only exchange options
They aren’t…no matter what the
salesperson said. Joining a smaller
exchange company such as Dial An Exchange, Trading Places International,
Platinum Exchange and/or SFX (to name a few) offer you great benefits and
usually lower fees than the big two.
Although these are not necessarily better than the big two, you should
take advantage of as many options and benefits as you can.
understanding the difference between points and weeks
BIG difference. Location plays no part in trading power if
you own points and it is everything if you own weeks. If you own points and don’t pay attention to
your “window of opportunity” you may find yourself out of luck for a decent
vacation that year.
that a brand name timeshare is somehow better than a non-branded timeshare
There is no such thing as the
“best” timeshare for everyone. The
so-called “brand name” timeshares do offer some nice perks that piggy-back on
some of their non-timeshare properties.
They are also generally more costly.
Look into all of your options, but pay attention to what is important to
10) Buying at a resort that is NOT a member in good standing of ARDA (American Resort Development Association)
Among other things membership in ARDA does is provide and abide by a Code of Ethics. This code is in effect to help you, the consumer. Before you buy any timeshare, you should find out if they are a member in good standing. You can find out more about ARDA, their code of ethics and find out if the resort you are interested in is a member by visiting ARDA.org and clicking on “Understand the Ethics Code.”
it all yourself
6,000 timeshare resorts, points and
weeks, “new” timeshares vs. “used” timeshares, sales
pitches and online sites with different information…how are you supposed to
make the right choice? We don't sell, rent, buy, broker, list, transfer any timeshare or get any kickbacks or commissions from anyone we may suggest you work with. That way you can be assured that you're getting unbiased and independent information.