I am sure you must be getting many promotional mails in your inbox every day, calling you over to attend road shows and exhibitions, promising you a free vacation in return. The come-on invitations are so tempting indeed, offering you the dream holiday, absolutely free! All you have to do is show up, listen to some hustler for 90 minutes and you have earned the vacation. So easy!
Let me tell you the reality behind these invitations. In most cases, the organiser of the event will be a timeshare development company that is asking people to attend the event in the hopes of generating awareness about their timeshare property. They are trying to get as many people as they can to attend the event and enough of those that attend will end up buying one or two weeks or more of the Timeshare property that is being promoted.
The investments being made in the timeshare market these days have created quite a buzz in the tourism circuit as well as the real estate and property market. Many people are looking to cash into the opportunity and acquiring of these real estate shares, not only as a profitable investment but also as a way to maximise their holiday experience. But with this amount of interest being witnessed in this niche industry, the actual awareness about the various nuances of timeshare transactions is remarkably low. For all those people who are still harbouring confusions and misgivings about timeshares, here is a basic description of what this investment will mean for you.
Let us understand what the concept is first of all. Simply put, A timeshare purchase is a fractional purchase of (usually) a condo or apartment at a specified location in a complex managed by the Timeshare development company or their designate. This type of a transaction is referred to as a ‘deeded’ purchase. On the other hand, a timeshare purchase may also be affected as a fractional purchase of simply a right to use a condo or apartment or right to use real estate. This format is referred to as a ‘non-deeded’ purchase.
On the side of the timeshare development company, this transaction means that a property is sold out to around 50-52 buyers, all of whom purchase a week’s worth of right to use the real estate for their requirements..They usually keep one or two weeks in the year free for maintenance and rental purposes. Ad an example, you may pay $30,000 to use a 1 bedroom apartment in Honolulu, Hawaii, every year from March 1 to March 7. This is called your "home" unit.
The idea of investing your money in timeshares for sale is something that should not be taken lightly. The transaction doesn’t only involve a hefty purchase expense but will also have you bearing maintenance fees and other charges along the way, on a recurring basis. Resale of this property is another matter that you need to consider. Be sure you are aware of what you are getting into.
Visit Conciergerealty.com to know more about timeshare sales.
About The Author
Sam Cook is an expert on the concept of timeshare vacation homes and also likes to write many interesting articles and blogs on the topic, helping people to understand the various aspects of this system. He recommends ConciergeRealty.com as the best name to trust for timeshares in Aruba, Maui, Cancun and Hawaii.