IT’S TIME TO SELECT A VACATION PLACE WHERE YOU WOULD LIKE TO TRAVEL
TO ON AN AFFORDABLE BUDGET. I PERSONALLY PREFER CONDOS ON THE BEACH.
EMERALD GREEN WATERS OF THE FLORIDA PANHANDLE OR WHAT ABOUT THE
BLUE WATERS OF THE CARRIBEAN. THE COAST OF CALIFORNIA WITH IT WONDERFUL
BUDGET MINDED. DEFINITELY SHOPPING THE INTERNET FOR BARGAINS, OWNING
A TIMESHARE OR A FEW. TRAVELING OUT OF SEASONS, BEFORE OF AFTER HOLIDAYS
BARGAINS RATE CAN BE EASILY FOUND. DON’T FORGET REVIEWS ON SITES, WITH
VACATIONS ADS. Continue reading “”
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STREAMS OF INCOME. FOR THE NEXT 2 HOURS OUR BLOG WILL BE ABOUT STREAMS OF INCOME. OKAY, LETS SAY YOU SPEND TEN BUCKS (10.00) ON
A BOOK ABOUT STREAMS OF INCOME, FRUGAL SPENDING, BEING DEBT FREE, SAVING, INVESTING. IT WOULD BE ONE OF THE BEST INVESTMENT YOU
WILL EVER MAKE.RESIDUAL INCOME BECOMING RICH IN 2019 Continue reading “STREAMS OF INCOME”
Buying Timeshares can be rewarding for many people. It might a money wheel for some. Last but not the least; it can be a profitable investment for many. But the story doesn’t end here itself. While many people may reap the rich benefits of timeshares there are several others for whom the timeshare investment was nothing more than a mere fraud and dream resorts turned into nightmares. Thus investing in a timeshare should always be done with high alertness and caution. Before signing a contract or a check always weigh in both the benefits and the risks involved. If proper precautions are not taken these money spinners can turn into money losers. Always read the finely written statements before signing a contract.FREEBIES,COUPONS,INCOME OPPORTUNITES
The timeshares are basically classified into deeded and non-deeded plans. In a deeded plan, an individual buys an ownership in a piece of real estate property. The owner usually gets the title of the property and the property is also inheritable to the heirs of the owner. Where as, in a non-deeded plan or right to use plan, an individual buys a lease, a club membership or a license that lets you use the property for a specific amount of time each year and for stated number of years. But in both the cases the cost of the unit is directly proportional to the season of the year and length of time an individual wants to buy. The rights of the timeshare owner ceases after the lease expires in right to use timeshare.
Every individual takes adequate care while making a major investment. And this applies in the case of buying a timeshare also. You must read all the documents carefully and understand fully what you are getting for your investment before signing any agreements or paying any fees. A professional advice might also be critical involving big timeshare investments. So take expert advice from people who have bought timeshare before or your attorney. Here is a checklist of what all people should consider before buying a timeshare property.
If you are buying a timeshare from a timeshare resale company verify that they are licensed brokers. Easy way to verify this is by asking the license number of the broker. Then you can verify that with the State Department which deals with these kinds of transactions and know about the history of the broker. Be vigilant when you are buying a timeshare from a non-licensed firm, your money would be at stake as the non-licensed firms wouldn’t have much to lose, so greater chances of fraud exist.
Keep in mind that timeshares are for personal recreational use and do not expect profit or loss. A resale of timeshare may or may not reap good return.
If you are buying a right to use timeshare watch out, if the sponsor declares bankruptcy, you may lose your rights.
If you are buying a timeshare in a property where the facilities have not been fully installed take a written commitment from the seller that they will be finished in a specific amount of time.
Any claims made by the seller about the returns on the investment in timeshare should be questioned because the future value of a timeshare depends on many factors.
Do not get impulsive when buying a timeshare. Read each and every paper thoroughly. Take adequate time in researching, analyzing and making a decision to buy a timeshare.
Never believe in the word of mouth, neither on phone or face to face. Request everything in writing especially the promises that were made orally.
Try to find out whether the exchange program will be guaranteed or not. Sometimes it isn’t. So make sure to find it out before buying. Buying a timeshare without an exchange program is not worth the money because you will get bored going to the same property every year and also you will not have the flexibility of schedule if you don’t have exchange facility.
Many prospective buyers are stuck when it comes to deciding what important factors that one should consider when buying a timeshare. The buyers today are much more informed than the buyers of few years back. They are more knowledgeable about what they are buying and have done their homework before taking a major step. But still many buyers get confused when asked if they have a checklist of things to consider before buying a timeshare. The following paragraphs provide you with a checklist to make sure that you are not missing the important criterions that should be weighed against the timeshare you are buying.
If you are buying timeshare through a broker make sure that he is licensed. Also find out his reputation in handling timeshares and the success rate. And do not hesitate to ask any questions related to your timeshare. Some of the good questions to ask are:
* What is the maintenance fee of the resort and do they keep raising it every year, if yes how much?
* What are the chances of getting a best timeshare like in a desired week?
* By what date you should make the reservation at the earliest?
* Are there any extra benefits accompanying your timeshare?
* Do the timeshare company has bonus week program?
* Can you exchange or trade your timeshare without joining an exchange company?VACATIONING FINEST RESORTS RESIDUAL INCOME HEALTH AND WELLNESS
Also try to enquire from the broker about the point system. Some reputable firms sell the timeshares for more if they have points system. Ask him if this is reasonable or you are better of buying a resale. Also the factors that determine the cost of timeshare units are demand for a particular week may be high so the price may be high, also demand for a particular location may be high. The size of the unit also affects the price, the bigger units are easy to trade in and exchange hence they are in more demand. Also the reputation of the firm owning the timeshare resort is an important factor.
See the unit before you buy, in many cases the descriptions provided by the timeshare company or the re-seller turns out to be misleading like the location, size of the unit etc. If you cannot see it, if your family members or friends lives near the location tell them to go and see the unit. Also try to get references. When you go and see the unit ask the neighbors what they think of the amenities and the management. You can also enquire from them:
* What they think of the resort?
* Time since they have been vacationing in this resort?
* Are dates easy get without much problems?
* Is the management company good and are they satisfied?
* How about the maintenance fees and other fees? Do they have a good record or they raise it too frequently?
* Is it easy to make reservations and exchanges?
* Are developers planning on improving the property in near future?
Do your homework to find out the prices in the area you are buying. Internet can come handy for checking the prices for example auction sites such as eBay and bidshare.com.
Keep in mid that if you are buying a resale timeshare unit it should be as cheap as half the price of the new timeshare unit that developers sell. If you are buying a new timeshare through a timeshare company read everything carefully in fine print before signing any contracts. While buying a resale timeshare ask the seller why they are selling it because there can be an underlying problem in their reason to sell like problems with management company or inconvenience. You can get a feel of the potential problems that you may also have to face and can decide whether you may be able to handle it or not. Also make sure that there are no past dues on maintenance fees and property taxes, it will add up to your cost. If you take care of all these important factors you should be able to make a smarter decision in buying a timeshare. Continue reading “TIME TO PLAN 2019 VACATION”