Next time you’re hunting down paycheck loans to get that luxury room for one night at a hotel on your annual vacation, it might be time to consider a time share instead. Time shares can help people who have specific vacation locations in mind to save money on top of the line accommodations, just by planning ahead. It can provide you with as little as one week a year to longer time of quality lodging, depending on how many time share opportunities you buy or whether you join a time share club that offers multiple locations. This “vacation residence” can cost you thousands for the rights to use it. But it opens the doors to the imagination too. Major hotel chains like Westin, Marriott, Hilton and others have their own programs. There are also time share clubs that allow you to pay in to one central fund and then reserve a particular location ahead of time, as long as no one else has claimed it first.
How to Qualify
You will have to meet their income levels to buy and must be willing to sit through a presentation to allow them the time to show you their program. The sales efforts range from soft sell to hard sell and time share companies continually come up with new gimmicks and incentives to close the sale. If you are not good at saying no when pressured, it might be best to take someone with you who can, until you find the right opportunity.
Incentives
Some of the typical gimmicks to entice you to come to a presentation include free meals, opportunities for “future vacation” coupons and cards for free food at restaurant chains, free lodging at expensive hotels in famous locations like San Francisco, Las Vegas, free tickets to live shows, events, plays and others. The primary costs to you are the travel fares to the location you want to visit which you must arrange and pay for to attend the required presentation.
Major Cautions
The time share organizations will be intent on selling to you. Once you provide information, you will receive telephone calls and emails about new offers. There are benefits and dangers in traveling, exploring and even buying. There are financial dangers too. If you cannot meet the purchase payments, annual service and maintenance fees then you lose the “rights” to use your property, face law suits, or may lose all your investment. They will tell you about renting out or selling your rights, but neither one is easy in a bad real estate market. However, if you are looking to save money on a vacation rental and get top qualify accommodations, this may be the best time to look for a time share.
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