Should I Buy a Timeshare?

Some reasons you might not want to buy a timeshare
Nearly all of us have heard about timeshares, and the supposedly great deals they offer over hotels. Many of us have also heard that they are a scam or a ripoff. While the timeshares sales people will make it out to sound like buying a unit is one of the best deals ever, there are several indicators this may not be the case. For those of you who are undecided on the timeshare option and would like to make an informed decision (you can do this by seeing what consumer experts like Dave Ramsey and Clark Howard have to say about them), there are several things to consider which may indicate whether or not it is a good idea. Here are 5 indications timeshares are not as good of a deal as the salespeople would have you believe.

A Poor Secondhand Market

You can tell a lot about a product by its secondary market. A product’s secondary market is when a product is sold used or secondhand. A high quality product that is in high demand will have a thriving secondary market. When a product has a poor secondhand market, it’s a good indication few people are interested in purchasing the product even when it is offered at a discounted rate. The secondary market for timeshares is extremely poor, with many more people trying to sell than those wanting to buy.

Bribes For Consideration

Most consumers do not readily think of timeshares on their own. In fact, consumers are generally introduced to the idea of these units by being promised some type of free reward for attending a presentation. Now, if you consider that closely, you may realize that it’s slightly suspicious that the only way for resorts to get consumers to consider buying a timeshare is by offering them some type of bribe to get theme there. Products which are in demand have consumers seek out the product on their own. That’s not the case when it comes to these holiday resort units.

Questionable Contracts

If you have ever considered making a purchase which required you to sign a contract, then you already know it’s common procedure to allow the consumer time to fully review the contract. Those who must sign should consult with their lawyer to ensure the contract is worded as it should be. One of the first red flags people should notice is a salesperson who doesn’t allow the consumer to fully review the contract. When a resort is trying to sell timeshares, this is exactly what they do. The salespeople will refuse to let the consumers take the contract home and fully review it, or have their lawyer review it. In fact, if you don’t sign it then and there, they won’t even allow the contract out of their office.

Sales Methods

When you stop to consider how most products and services are sold, you’ll find that for the most part they sell themselves. Most of the time consumers are allowed to see the products and services, to test and examined them, and then make a decision on whether or not they are interested in buying it. While going against the grain and selling something in an unusual way does not necessarily mean what they’re selling is not good, it could be an indication that the product is not good enough to sell itself. When resorts are selling timeshares, they are only open when they are hosting a large presentation with the promise of a freebie for consumers who consider buying.

High-Pressure Sales Tactics

As stated before, high-quality products and services pretty much sell themselves. So, when high-pressure sales tactics have to be used in order for the consumer to make a purchase, it’s a good indication that the product or service is not really good enough to sell itself. High-pressure sales tactics also tend to be used more often when the salespeople are promising much more than they will be able to deliver. Timeshare presentations tend to be high-pressure sales events, which should have most people wondering if they are really the great deal they are made out to be.

No matter what type of purchase you are considering, you should always be sure to look for signs indication whether or not it will be a purchase that fulfills your expectations. Knowing what signs to look for in a good purchase can help you ensure your purchases always leave you satisfied. The signs listed above are big indicators that timeshares are not the great deal they have been made out to be, and it’s why it’s always best to fully research your options before making a decision.

About Emie Fortney

Emie Fortney is a self-proclaimed ‘info-maniac’, a lifetime academic learner and a lover of the English language. With a pension for the technical, scientific and methodical aspects of life and technology she prides herself on providing readers with the most enlightening and accurate information available. She hopes to make a difference in the world today by continually providing accurate information in areas of her expertise to those seeking knowledge.
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4 Responses to Should I Buy a Timeshare?

  1. greg says:

    Question: “Should I buy a timeshare?”

    Answer:”No”

  2. shane says:

    Yes. On the secondary market, but make sure it is somewhere you want to visit. An every other year is something to consider also. We love our ski week in Breckenridge.

  3. JSteph says:

    The problem with this argument is that it assumes a new purchase through the resort, which are way overpriced with high-pressure tactics. It all depends on how you buy and where you buy, which is why generalizations from people like Dave Ramsey and Clark Howard make very little sense here. You can buy a timeshare on the resale market for brand named properties like Disney, Marriott or Hilton and save thousands of dollars and get much better vacations than staying in a hotel. Brand named timeshares have a very successful secondary market (just try looking for a Disney timeshare on the resale market – good luck). Buying from an owner on the resale market takes care of all the issues mentioned above.

  4. greg says:

    But it doesn’t take care of the ever escalating fees which you have no control over. And the older a resort gets, the more you need to pay in maintenance fees.

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