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Timeshare Concepts
Rules to Follow When Purchasing
By: Marc W. Price, Broker
Their are four
important rules to follow when
contemplating a timeshare purchase. If these rules are followed, you
will feel
more satisfied, pay less and enjoy yourself more in your chosen resort
(or the
resorts you decided to trade into) for many years to come. The
following rules
make common sense, yet potential buyers are often swept away with a
‘sales
pitch’ that ultimately lands them in an unhappy situation – And away we
go!
1 - Buy Red
2 - Buy at least a one bedroom unit
3 - Buy a designated RCI Gold Grown or Interval International Resort
4 - Buy at the LOWEST price possible
Rule #1 – Buy Red
The ‘RED’
designation indicates the highest
demand time period for a particular resort. This makes your timeshare
more
valuable to trade into and out of. But remember, a red week in an
unpopular
location will not necessarily trade into a resort that you really want
to trade
into – the basic rule is ‘like trades to like’.
Rule #2 – Buy at
Least a 1 Bedroom Unit
Think about the
long term here – a studio (which
they don’t make much of anymore). May seem like the best way to go,
initially.
However, after a season or two you’ll find yourself wanting more space
(especially if you travel with children or friends). Entertaining is
not a
comfortable experience. And, hey, we
all need a little space! You’ll find that one and two bedrooms trade
better as
well.
Rule #3 – Buy a RCI
Gold Crown or II Five-Star Resort
These
designations assure quality of resort and
quality of trade. RCI and II are the major exchange organizations and
‘Gold
Crown for RCI and Five-Star for II are indicative of their highest
ratings. New
resorts with these designations can be quite expensive, however,
resales of
these designations are very reasonable and trade just as well.
Rule #4 - Buy At
The LOWEST Price
It is never
smart to pay retail - buying direct
from the resort is paying retail. 50% of the price of a retail
timeshare goes
for marketing and commission. Out of 100 people that attend a timeshare
presentation at a resort, typically 95 do not purchase. The reality of
the
situation is that the five that do purchase are paying for all the
marketing
costs that the other 95 that did not purchase (i.e., gifts, overnight
stays,
promotions, administration, advertising, etc.)
For additional
Tips on Timeshare - don't hesitate to call our Broker, Marc Price at
800.927.1447. We look forward to serving you.
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