Something to Consider before Purchasing
For those considering the purchase of a timeshare, please be careful and make sure that you understand exactly what you are signing before you commit to buying a timeshare. Before purchasing, you should be able to answer YES to ALL of these questions:
- Are you absolutely POSITIVE that you want to spend ALL of your vacations there?
- Have you visited the resort or facility that you plan to vacation?
- Are you satisfied with its quality, the stability of the management, and with the terms of the contract? (Let's be honest. Most people do not take the time to read through the entire contract and even if they do, almost all find it difficult to understand. My advice is to read it thoroughly and if in doubt of anything, then tell the salesperson that you need to have your lawyer look over it first.)
- Have you checked out this timeshare resort/developer with the Better Business Bureau, the Attorney General's Office (Consumer Protection Division) or with your lawyer?
- Have you talked to some of the long-time owners in this timeshare resort/facility? (I would suggest inquiring around on your own and not asking for these owner's contacts from the salespeople or management, for they may put you in contact with people who could possibly mislead you in favor of the salesperson/management.)
- Can you afford both the resort/facility (maintenance fees and other misc. expenses) and the round-trip travel costs each year?
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