Did you know that 40 percent of Americans will only take one vacation per year? And some may not be able to take one at all due to time and money constraints. But what if there was a way to vacation and make money at the same time?
Well luckily, buying a timeshare allows you to do both! So keep reading this article to learn about the benefits of buying a timeshare.
What Is A Timeshare?
A timeshare is a shared vacation property where buyers own a percentage of the property. Therefore, they can vacation in the property a few times out of the year.
Usually, a larger corporation will take care of all of the design aspects of the property. And the location is mostly made up of smaller living units, or it can be a single living space.
How To Buy A Timeshare
Buying a timeshare is fairly easy. However, some companies do run under illegal means. So always ensure any prospective timeshare company is legit and has your best interest.
A good way to know if a company is legit or not is to check their reviews online. And not on the company website, since these reviews could be fake. Instead, do a general Google search and see if any bad reviews come up from the prospective timeshare company.
Finding The Right Fit
If all looks clean, then you can go ahead and make your first buy. But you might be wondering how the buying process actually works. Well for starters, you’ll want to search for different timeshares. You can look online and find an inventory of many different styles of timeshares.
Once you find the best timeshare for your needs, it’s time to make an offer. This can be a little intimidating but don’t worry the process is very simple.
To make an offer simply send a cash dollar amount to the owner of the property. In some cases, you can use reward points to buy a timeshare. But you can learn more about this on our HGVC points chart.
Once you’ve sent the offer, all you have to do is wait. Typically, you’ll get approved or denied within 48 hours.
How To Close On A Timeshare
If you’ve been denied, don’t give up! Look for other properties and up your bidding price. However, if you were lucky enough to get accepted on your first bid, then you’ll need to start the finalization process.
They will guide you through the whole process and recommend a trusted closing company to help you with filling out the legal paperwork and transferring the ownership to your name.
This process can be lengthy because of all the legal paperwork. However, once you officially purchase a timeshare, you can start reaping the benefits almost immediately.
Better Than A Hotel Stay
Renting a hotel room does not guarantee a good stay. There are possibilities of your room getting canceled. However, with a timeshare, your stay is 100 percent secure.
Not to mention, you won’t have to deal with bad customer service and inaccurate reviews. And also the unhealthy and even dangerous food buffets.
Similar To Owning A Vacation Home Without All The Fuss
Everyone wishes they could own a beautiful lake house on the Ozark. But these homes come with an influx of property taxes, electric bills, and a skyrocketing mortgage payment.
Thankfully, with a timeshare, you only pay a fixed fee that allows you to stay in the property at your convenience. Not to mention, owning a property requires a lot of maintenance work and cleaning. And if you are only in your vacation home a few times out of the year, this can become very hard.
Luckily, when you own a timeshare, all of the unwavering factors are no longer relevant. In fact, every time you visit your timeshare, you can ensure it will be clean and fully maintained. So all you have to do is show up.
Planning a vacation can be very difficult, especially when everyone has a different plan in mind! Thankfully, a timeshare does not change location. Therefore, all you have to do is pack your bags and head over to your timeshare.
Over time, you’re saving a lot of money by owning a timeshare. And this means you can go on more vacations in the future. Timeshares only make you an annual maintenance fee.
And in most cases, this fee costs less than renting a hotel or a resort. And any other costs that may arise are split between all the timeshare owners. Therefore, most of the time these costs are not even noticeable.
Timeshare companies are extremely flexible. They work tirelessly to grow with the market and provide the best stay for their clients. There are also so many options and locations available that consumers have a lot of flexibility when it comes to choosing a timeshare.
If you have a bad year, a timeshare allows you to rent out your stay. Therefore, you won’t have to pay for a property you can afford. Doing so will allow you to keep your timeshare and stay up to date with your payments.
Buying a timeshare isn’t just about buying a beautiful property. You also get other benefits like tennis courts, exercise facilities, and full-scale kitchens. Some timeshares even have fully-furnished options and prepared meals. So you get the experience of a hotel without the costs.
Potential Profit to Be Made
Timeshares allow you to gain a profit over time. However, this may take some years to build. But what some people do is they pass down a timeshare to the next generation. And if they ever decide to sell, they could gain some value.
Enhance Your Financial Portfolio
Everyone is looking to enhance their financial portfolio with either stock, gold, or cryptocurrency. But these areas are already highly saturated. So why not diversify your portfolio with a timeshare.
Doing so will allow creditors to see your determination and also consistency with payments. And over time your timeshare may increase in value which will excel your portfolio as well.
Company Helps You
When you own a timeshare, you’re also working closely with the property company. And they are there to inform you of everything you will need to have a successful stay.
So you’ll never feel like you’ve been left in the dark because the best timeshare companies will always keep you informed! This way you can be confident in your investment during each phase of the process.
Having a timeshare does not mean you have to stay in one location for the rest of the agreement. If you want to travel to different areas, there are options for that.
For example, you can trade your timeshare with another holder who is staying at your preferred destination. You can also make a permanent or temporary trade with someone. Therefore, you can go back to your own timeshare after you’re done traveling to other locations.
So consider getting a timeshare if you’re interested in traveling to diverse locations. Overall, this option is a lot cheaper than renting hotel rooms in different areas.
VIP Acess and Promotions
Some timeshare companies have a long list of promotional deals for their current and future partners. In fact, some promotions include having VIP access to your timeshare. Therefore, you can access your timeshare at any given time throughout the year.
And there are also many promotional events for any prospective timeshare holders. For example, you may get a special discount during the first month by joining before a certain time.
Some companies have different promotional deals so always ask before entering into an agreement.
Incentives Upon Joining
Timeshare companies are notorious for having incentives during their meeting for future clients. You can get gift cards, coupons, and even new gold clubs!
Unfortunately, many people think that incentives are bribes to get you to commit. However, timeshare companies work closely with the community and other local businesses.
Therefore, their main priority is to inform others about timeshares and grant them opportunities. The incentives are simple a thank you for listening and possibly sharing the information you learned.
Multiple Buying Opportunites
You can buy a timeshare online or in person. In fact, many timeshare companies hold weekly meetings.
These meetings will give you a better insight into now timeshares work. And once you know how timeshares work, you can buy one online or at a timeshare meeting.
Buying A Timeshare Has Never Been Easier
Everyone is buying a timeshare, especially as traveling restrictors decrease and life gets back to normal. And hopefully now after reading this article, you can understand the benefits of owning a timeshare.
So don’t wait any longer and start gaining the benefits of a timeshare today! And if you enjoyed this article, visit the rest of our blog for similar content.