Wednesday, August 6, 2008

Timeshare ownership disadvantages

By Dean Grzelak


So your looking into a timeshare. Take the time that is needed to make and educated decision. There are many disadvantaged to timeshare ownership. When you purchase a timeshare slot, what you are doing is purchasing a particular time slot and a particular resort. There's not much freedom in that now is there? Timeshares are very popular, all I am suggesting is that people do a little investigating prior to making that kind of huge purchase.

Prior to making your timeshare purchase make sure this is what is right for you. Take into account the financial impact it wil have on you. One big flaw I see in timeshare ownership is that you are essentually buying a week at a prime location in a resort of some kind. You are going to pay premium prices for the premium locations and resorts. These resorts are constantly appreciating in value, but you will see nothing in the terms of appreciation.

On to another peeve of mine. When trying to resale a timesale, you are going to have a tough time. The resale market of timeshare siply does not increase as most other properties do. These things simply are reselling for what you paid. Also you cannot send friends or family on vacation as you cannot use your timeshare twice in a year.

Don't forget about those pesky maintenance charges! With your timeshare membership you will also be required to pay you annual maintenance charges. THe charges are due like clockwork every year, even if you don't use it. You will also have to plan your trip way in advance to be sure all your ducks are in order. You will also have to pay taxes and other unforeseen fees.

When purchasing a timeshare property there is an up front expense that the owner has to deal with. Banks and mortgage brokers are not interested to mortgage timeshare properties. So it is necessary to arrange the entire amount required for the purchase of timeshare property. People do not like to spend their vacation at the same location every year as there is no variety which makes people to avoid timeshare properties.

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.

You will get a five star treatment with no hidden fees and maintenance fees. Global Resorts Network GRN provides best customer service and allows family and friends to the 1or 2 bedroom suits. There is no black out dates and can even consider about last minute travel.

My name is Dean Grzelak and I have taken advantage of the Global Resorts Network (GRN) membership. I was so thrilled with the company that I now an independant associate for GRN. Take a few minutes to check out the following website and you will get a better idea what I am talking about. www.grnextremesuccess.com

About the Author:

No comments: