Home » Blog » Time shares, are they a good purchase?

Time shares, are they a good purchase?

Time shares, are they a good purchase?
26 Sep 2013
20
Autor Admin
Rating: 4.7/5 - 3

Some people love them, some people hate them, but the truth is that time shares are still one of the best selling products in the travel industry, despite the bad economy.

There is lots of misinformation about time shares, yet appearances deceive. What appears to be a “good investment” can become in one of your worst financial enemies. Learn more about time shares and how to use them properly.

Time shares

Fractional ownership, better known as time shares, is a resort condominium unit, with a very particular form of use rights. When buying a time share, you get to share the right to use the property with 52 different owners, including you.

A time share is more than a regular hotel room, since most of them include over three bedrooms, a full kitchen and a living room.

- How do time shares work?-

Time shares are generally sold for weeks, which are also known as “intervals”, however, timeshare companiesoffer different plans, to give the prospect buyer more purchase options:

Fixed Weeks: You purchase the right to use the unit during a specific week of the year

Floating time: You purchase the right to use the unit during a certain season of the year.

Splited-week: You purchase the right to use the unit for a week, but in this case, you may split your week in two or three different periods.

Points-based system: You purchase a specific number of points, and exchange them

lX_5q0sA6NU

Before buying a timeshare, follow the next tips:

  • Calculate the total cost of the unit, including the timeshare fees. Keep in mind that maintenance and assessment fees are likely to increase each year. Then compare the results with the cost of a regular vacation with similar accommodations on the same spot.

  • Visit the resort and talk to other owners to ask them about their experiences, and how satisfied they are with their purchases.

  • Do not act under pressure. The resort might look like a paradise, and the promises might sound quite appealing, but don’t feel obligated to sign the contract, take your time to think on the offer and find out if it fits your needs.

  • Do not sign any document in a foreign language. Even if you speak and understand the language very well, it is probably that you do not understand the legal terminology.

  •  Do an internet research on the company. Look for cases of scam and fraud, and how its reputation is.

  • Ask as many questions as possible during the presentation, and ask for any written confirmation for all the promises made by the timeshare salespeople.

Are time shares a good purchase?

Not all time shares are bad, actually, a time share can be a good purchase for someone who does enjoy revisiting the same destination each year.

However, vacation properties are not for most people, being that they only seem to work for people with very specific vacation desires.

Time shares are not for people who like to enjoy trying a new vacation spot each year, nor for people who like to travel spontaneously, or families who do not use to stay at expensive resorts.

time shares

- Is a timeshare a good investment? -

No. It is very important to take into consideration that time shares should never be considered as an investment, but only as a purchase. An investment means the possibility of financial growth and resale, and no one is likely with time shares.

I want out!

Unfortunately, the big scam about time shares is the way that timeshare sales are done. During timeshare presentations, it is very common that the sales reps tell numerous lies to the potential buyers, just to get them to sign the contract, and many of them fall for the trap. The hardest part is that time shares are definitely not easy to get rid of.

At Mexican Timeshare Solutions, we assist timeshare purchasers who feel they were scammed. MTS is the only company that doesn’t charge any upfront fees, if we cancel your timeshare contract we get paid, if not, you don´t waste any money.

Contact MTS for a free consultation on how we can help you to release you from any timeshare obligation in a legal-reliable manner.

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scam victims. How?

 Share this link http://www.timesharescam.com/blog/164-time-shares/ on your favorite blogs and forums

What do you know about time shares? Do you have any experience with them?  To know more about timeshare deals visit:

Timeshare Ownership

Leave your comment below and share this post on Twitter and Facebook to prevent others from becoming victims of timeshare fraud. 

Rate This Article
Write a comment How do you feel about this article?
20 Comments
  • SusaneApril 13, 2014, 7:44 pm

    for some people... yes! they're a good purchase, i think it's a nice investment, i really enjoy mine

  • LaurieMarzo 28, 2014, 12:40 pm

    ask to all the people who has been scammed if timeshares are a good purchase, a lot of them will tell you that it was the worst purchase of their lives

  • daisyMarzo 26, 2014, 11:11 am

    Do you have any suggestions on how to dispose a timeshare? I’ve tried selling it even below my purchase price but there are no takers.
    Appreciate your help. Thanks.

  • PatriciaMarzo 10, 2014, 8:57 am

    obviously not, timeshares will never be a good purchase, they're expensive and they're unnecessary

  • ChristopherMarzo 6, 2014, 11:54 am

    Just because something is a top seller whether it’s a book or a timeshare doesn’t mean it’s always a good purchase. My advice to those that want to buy a timeshare is to understand and know the facts first before you buy because it will save you a ton of headaches down the road.

  • GeeMarzo 4, 2014, 3:19 pm

    First of all, if you’re buying a timeshare in an attempt to resell or “make a buck” you’re buying it for the wrong reason. Many people get into it because aside from upgrading accommodations and financial savings, it forces you to take vacations and hang out with your family. If you don’t think that’s important or you don’t care, then it’s not for you. The other thing to remember is where you purchase. Purchasing a timeshare in Las Vegas is as good as buying a pet rock in the desert.It’s all about location and that determines your trade value. Ask somebody who owns in a poor location how difficult it is to trade and they will always have something to complain about. Ask the people who own in Hawaii or in San Diego and you’ll see how easy it is for them to go anywhere they want. BTW, you want to know why Las Vegas is a crappy place?? because you can stay at a hotel for 20 bucks a night and NOBODY ever stays for more than two or three days. Supply and demand at its most basic. Bottom line, if your idea of vacation is camping and you’re okay with staying at cheap motels or disease infested hostels and sharing a room with a bunch of hippie strangers, then a timeshare is definitely not for you. A lot of people get great use out of their timeshares and it helps create family time and lets them see the world for a hell of a lot less.

  • JavierFebruary 11, 2014, 2:35 am

    yo podria decirles que es EL PEOR error de mi vida haber comprado un tiempo compartido, si alguien lee esto, espero que sirva de algo para advertirles que jamas compren uno

  • FernandoDecember 15, 2013, 9:08 pm

    no es una inversion, no es una buena compra, no es nada, mas que perdidas

  • HumbertoDecember 9, 2013, 9:50 am

    no, ellos siempre te convencen de la misma manera, todo su cuento es que sera una buena inversion, pero la realidad es muy diferente, jamas seria una buena inversion si desde el principio es comprado con esa mentalidad

  • JewellNovember 27, 2013, 11:24 am

    Hello, I have a Timeshare with Wyhdam and I just CANT afford it anymore, no one has money to buy it or interested, I have just stopped paying them, I know it will foreclose, and I dont care I dont have the money, will they take me to court for it?

Leave a comment and share your experience

Your E-mail and phone number will not be public .

captchaChange Code
Recomended for you
Should Mexican Timeshare Solutions help you today?

Our work is based on a Contingency Basis: NO RESULTS, NO PAY.

Contact us now: 888 275 3595