Checklist for Timeshare Clients
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Posted On :
Jan-11-2011
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Article Word Count :
558
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People do get stressed a lot these days what with work deadlines, unpredictable bosses, and annoyingly competitive co-workers.
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People do get stressed a lot these days what with work deadlines, unpredictable bosses, and annoyingly competitive co-workers. All the news about wars and calamities all over the world also contribute to stress levels. It is only fit to take a break from all these displeasures and take a week off to have a vacation. A lot of people would agree that buying a timeshare would be the best option if people want to escape their stressful lives to fly to some paradise in any part of the world conveniently. However, not everyone is aware of the basic concepts that go with buying timeshares.
The following is a sort of checklist or collection of guidelines for what to keep in mind when picking out a timeshare:
1. Before making any sort of commitment or purchase, it is crucial that the different types of timeshare are understood. There are two general types: the floating and the deeded. A floating timeshare offers owners a much more flexible schedule on when the property can be used. This makes it preferable to most people, who appreciate the freedom it grants, but carries the caveat of being a “first-come, first-serve” situation. Deeded timeshares remove the luxury of flexibility, as the time when the property can be used is pre-determined. However, the time in which it can be used is essentially set in stone, which gives vacationers plenty of time to work around things and adjust their situations accordingly.
2. Doing a little research on the location of the timeshare property is also a good idea. This includes not only amenities and luxuries available, but also the potential cost of alternative accommodations at the destination. After all, if alternatives exist that cost less than the cost of a timeshare, there is little point in spending more. This is after considerations such as availability and comfort have been factored in, as not all alternate forms can offer the same comfort as a good timeshare property. Consider all of the factors and make the decision that best fits both the budget and vacation plans.
3. Know the limitations and freedoms that are granted to the timeshare owners. In general, properties like timeshares are governed by legal documents known as Covenants, Codes and Restrictions. These documents contain critical pieces of information, such as what the rights of the owners are and what they are allowed to do to the property, as well as how it should be managed.
4. Know that the cost of buying a timeshare and the cost of buying a real property is not the same at all. You would need to compute the total cost of timeshare including maintenance fees, taxes, mortgage payments, closing cost, travel cost, broker commissions, financing charges, etc. You need to compare the cost of similar alternative accommodations with the total cost of owning a timeshare now.
5. Read and evaluate the documents thoroughly before signing. When you sign the papers, it means that you are agreeing to the terms and conditions, so make sure that you understand everything. For example, don’t accept unfurnished properties if you do not want to spend more. It is better if you request everything in writing, so you can have proofs of your agreements.
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Article Source :
http://www.articleseen.com/Article_Checklist for Timeshare Clients _48149.aspx
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Author Resource :
Having said all of that, you can avoid being victim to a timeshare scam given the proper precaution and right research on your part.
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Keywords :
Travel News, Timeshare, Timeshare Company, Travel, Timeshare Club,
Category :
Travel and Leisure
:
Travel and Leisure
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