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Important Tips to Consider in Selling or Buying a Timeshare

Before a Timeshare is Bought

There is a possibility that your friend, relative or business partner might offer you their resort in the future, in case this happens, he or she will definitely make an appointment to present to you the details about it. Before meeting up with the person that offered you the resort, you have to make a list of questions that you want to find out when it comes to timeshares, and also, you have to do some research about the offer itself. Your questions should include certain information such as the background of the resort that is being offered to you, the costs involved in it and the “exchange system” that it has when it comes to staying to similar resorts around the world.

How Timeshares are Presented
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While the presentation is ongoing, you have to ask the questions that you have in mind and you must also take down some notes or reminders pertaining to timeshare laws, as well as the advantages and disadvantages of the resort that is offered to you. Since there are around 5,000 resorts all over the world, timeshares have different packages and forms; hence, the best thing that you should do is to focus on how much are the “fractional” or “points” ownership in order for you to know if it suits you. In addition, before the meeting ends and prior to making a final decision, you need to have a second opinion and you should ensure that you completely understand all the information that is related to the timeshare that is being offered to you.
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Try to Ask Timeshare Owners

If perhaps you are still in doubt after seeing the presentation, it is best to talk with the owners so that your concerns will be answered. This is actually done in order to test the owner’s experience with the resort that he or she is selling to you. Undoubtedly, happy timeshare owners will not be reluctant to share their experiences with you.

Cooling-off Laws

There is a legal law on some countries these days that allows timeshare buyers to have a minimum of 14 days as a cooling-off period.

Making Your Timeshare Available in the Market

Sometimes, there comes a point in your life that you have to let go of some of the things that you own due to unavoidable circumstances. Whatever your reason is for selling a timeshare, you must take into account the suggestions that are given by online timeshare consultants or timeshare professionals that offers a resale type of service.