Vacations: Timeshares

Looking for a timeshare or vacation plan? You won't have a hard time finding one. But while getting into a timeshare will prove easy, don't expect the same when it's time to get out. Timeshares often plunge in value. Here are some tips for selling a timeshare fast, and buying one cheap.

Just as foreclosed homes can be had at a bargain, it's possible to scoop up mere slices of time share detritus floating around beaches, mountains and other vacation spots. Prices are depressed, but it takes a savvy buyer to navigate the resale time share market.

So it looks like it's a great time to buy a time share. Before you purchase one, though, there are a number of questions you need to answer. Are you going to use the time share or is it an investment? What other costs are associated with it? Will you be able to trade it? Can you get financing?

Chances are you've probably heard of timeshares before. And while there's a lot of information out there regarding the pros and cons of timeshare ownership, there's substantially less information concerning the availability of vacation timeshare rental properties. Rentals offer benefits to families and large groups of travelers that traditional hotel accommodations cannot, so if you fall into one of these two groups, read on.

A timeshare is the name given to piece of real estate where a number of individuals share ownership in the subject property. A timeshare is a right to use or occupy one or more units on a periodic basis usually one or two weeks out of the year. Timeshares can often be found in destinations where people like to vacation. Here is what savvy marketer's pitch to unsuspecting buyers of timeshares and the truth about timeshares.

Pastel Colored Townhomes photo from Shutterstock

Ever wondered whether it can be worth it to sit through those timeshare presentations in order to score a free or discounted vacation? Here is what other TDS readers had to say about their experiences sitting through timeshare sales pitches.

Are timeshares a good deal? Do they really follow through on all they appear to offer? TDS timeshare owners reveal whether they'd recommend purchasing a timeshare based on their own experiences.

Cool blue waters in an inviting swimming pool. That's a picture that every good timeshare salesperson can paint at will. Just sign here. And lots of people do. Timeshares are a multi-billion dollar a year business. But, sometimes you buy more than fun in the sun. By considering these options on how to get out from under, you'll learn a lot about whether you should go through with the purchase.

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