Despite the gloomy economic outlook for many consumers, there is still plenty to enjoy from the timeshare industry. With a variety of travel options and an ever-expanding range of properties, owning a timeshare can offer many benefits to owners. However, there are some downsides as well. A number of timeshare owners are stuck in expensive, ongoing obligations. And some are unable to access the property because of special assessments.
The timeshare industry has been around for more than 40 years. During that time, the industry has seen some major advances in terms of product and technology. Some of the innovations include the use of advanced graphics and other technologies, and the introduction of innovative designs from leading names in hospitality. But what is the best way to get the most out of your timeshare?
One of the best ways to determine what you should spend your hard-earned cash on is to do some research. There are a number of websites and publications that provide useful information, as well as some that are geared more towards the consumer. These include the Timeshare Users Group, Redweek, and the Timeshare Finder.
While the name of a website may not be the first thing that comes to mind when it comes to timeshare, the TUG site is probably one of the more reliable sources. Its website is the largest of its kind and has sold millions of dollars worth of timeshares since it opened its doors more than 29 years ago. Another noteworthy fact is that its owner, Brian Rogers, has also launched a YouTube channel to help promote the website’s content.
As the name implies, the Timeshare Finder is not only a database of timeshare properties, but also an online community of owners and prospective buyers. Among the members are more than 10,000 other timeshare owners. Those interested in joining can check out the official website. Those who want to learn more about owning a timeshare can also take advantage of the numerous forums and Q and A sections.
The Timeshare Finder is a great source for tips, tricks and techniques to make the most of your timeshare. In addition to a full listing of the properties it has on its database, the site also includes a list of exchanges. Using these resources will ensure that you’re not wasting time browsing through the wrong properties.
Notably, the most expensive purchase in the history of timeshares is not the actual purchase, but rather the sale of your timeshare. This is where the “big” is actually the smallest, and where you should take note of the fine print. When it comes to the resale market, you should avoid companies who promise to close the deal for you, as this is a gamble. Rather than pay in advance, ask the resort management company for a surrender program.
The “old” adage of a better price to quality ratio is also true. This is especially true if the price is tied to a points system, which is the case with both Marriott Vacations and Signature Resorts.