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Disadvantages of timeshare ownership

Jul 25, 2008
Time share means that the right to use the property, mostly a resort condominium unit or a home in which multiple parties has the right to use. Before investing in a vacation property you will have to know the advantages and disadvantages of timeshare ownership. In timeshare ownership you pay for staying in a home or condominium with other people and do not have any ownership of the property. Despite the rising costs of the property, timeshares are very popular today. Timeshare resorts seem to be attractive but there are some disadvantages to take care of.

If you're looking into buying a timeshare, take a look at you life to see if that what fits you. Can you afford a timeshare? One of my personal problems with buying a time share is the absolutle lack of appreciation. You are looking into buying a small fraction of a resort in most likely an exotic and sought after location. Since you are buying a piece (regardless of how small) of real estate I would expect my piece to appreciate. However, with timeshare ownership you get nothing, nada, zilch.

Lets talk a little bit about trying to resell on of these things. It is hard and the resell market really isn't anything like normal real estate. You aren't going to get your money out of it. Another bummer about timeshares is that you can't send any of your family or friends on vacation with it as you will be blocked from going again in the same year.

Yearly maintenance charges should be paid despite of the fact whether you use it or not. There is a need of advanced planning for spending a comfortable vacation at the timeshare property. The owner of the timeshare property has to interact with exchange companies and has to deal with the costs.

When you decide to purchase your timeshare you will have to figure out how you are going to pay for it. Traditional mortgages are not available for timeshare, so you will either have to pay the enire amount out of pocket or use another way of financing. Most people don't want to vacation in the same place every year, this is another big timeshare turn off for me.

Timeshare ownership is simply not for the spontaneous, drop of the hat traveler. And timeshares are really expensive. If you want to select a peak week at a specific resort you are going to pay a pretty penny. If you cannot apy the entire amount upfront you will most likley be offered some sort of financing option that has a rediculous interest rate (I've seen some at 16%). Sorry but this is just not appealing to me.

If you are interested in going for vacations do not choose timeshare properties when you have a 100 year membership for world travel. If you are really interested to join a membership clubs go for Global Resorts Networks membership. GRN has thousands of properties globally and it is top most travel company for more than 22 years.

With Global Resorts Network you will have access to the best resorts in the best locations. You won't ever pay a annual maintence charge. Best of all there are no black out dates. I am telling you, take the time and at least look into it.

My name is Dean Grzelak and I am a member of Global Resorts Network. As a member you have full access to all the resorts and you also have access to a great business opportunity. Take a moment and go to: www.grnextremesuccess for details.
About the Author
Prior to you buy a timeshare, make sure you check Global Resorts Network with Dean Grzelak Global Resorts Network Also check out the Great business model Global Resorts Network has available Global Resorts Network
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