7 Questions You Had Better Be Asking

Ah, summer vacation season is here.  Beaches, theme parks, tourist attractions, dining, cities and oh yes, for millions of people, one or several timeshare sales presentations.

 

As I've said for years, timeshare can be a great thing for some people.  However, you had better be asking something more than "how much is it?" before making any decisions.

 

Here are some starter questions:

 

1)    Do you understand all the terms and conditions of the contract?

2)    What are the current maintenance fees?

3)    What is the five (5) year history of those fees?

4)    Are there any special assessments and if so, what are they and what are they for?

5)    Is the HOA (Home Owners Association) under developer control or owner control? 

6)    How much of the resort is sold out?

7)    What is the current delinquency rate among owners?

 

If you don't know why you should be asking these questions...perhaps this is not the time to purchase.  If you'd like more questions to ask...e-mail me.

Enjoy!