How do you buy a timeshare?

Time-sharing can be an affordable way to own a vacation home. Before you buy, you should be able to answer YES to all these questions:

• Are you POSITIVE you want to spend ALL your vacations there?

• Have you visited the facility? Are you satisfied with its quality, with the stability of the management, and with the terms of the contract? Have you checked out this time-share development with the Better Business Bureau, the Attorney General's Consumer Protection Office or your Legal Assistance Office? *Have you talked to some long-time owners in this time-share facility? *Can you afford both the facility and the round trip travel costs each year?

DO NOT BUY IF:

* You want to rent out the facility.

* You plan on reselling it.

* You plan on exchanging vacation sites frequently.

BUYING TIPS

BEWARE OF ANY PROMOTIONS THAT:

• Will not physically take you to the facility. (Some promoters claim the place is built when it is really only a hole in the ground.)

* Offer you a special price "for that day only."

* Subject you to a long and harrassing sales pitch.

* Will not let you take the contract home to study.

DO NOT SIGN A CONTRACT ON THE SAME DAY AS THE SALES PITCH.

If the price is fair, it will still be in effect the next day. Many people readily admit they became much smarter the day after they signed a time-share contract.

First answer by Tntsolid. Last edit by JohnCorey. Contributor trust: 45 [recommend contributor]. Question popularity: 2 [recommend question]