Timeshare Tips For Buying In America

The timeshare holiday model is more popular than ever before, offering a flexible and convenient way to enjoy luxury vacations in an affordable way. With a wide range of properties available in destinations around the world, using holiday allocations in timeshare venues means it is easy to travel to a number of countries which have their own unique charms. Alternatively, others use their timeshare allocations to return to their favourite spots, seeking sunshine or culture at their regular destinations.

Timeshares are available in almost all countries with a tourism industry, from the European sunshine spots such as Tenerife and Ibiza through to Florida, South America and Asia. New developments are continually under construction, even in urban areas such as Portland, Oregon. Urban timeshare positions are a growing feature of the market, with visitors using their luxury accommodation as a base for exploring the city’s amenities. American timeshares come with a range of options, from the beachfront and sunshine lovers’ favourites through to these livelier city spots. Here are our tips for making the transaction as smooth as possible when investing in a timeshare in the US. 

Look at the Details

Purchasing a timeshare is a very exciting experience, but this enthusiasm can mean that some people overlook the fine details of their arrangements. Everything needs to be fully researched before committing to a deal, ensuring that the process will be as smooth as possible and that all parties are satisfied. Using online services and information resources can also be an excellent way to seek additional advice.

Licensed Brokerage

Particularly in the US, it is absolutely critical to use a licensed broker to make the transaction or to buy via an agency using their services. This ensures that the contracts are created using the proper legal terminology, protecting the rights of the buyer and the seller alike and leaving no ‘grey areas’ for later contention.

The Same as Buying a House

In America, timeshare purchases are legally seen as a real estate purchase, just the same as if you were buying a plot of land or a home. This means that specialist knowledge is required to ensure that the particular terminology used in a timeshare transfer of ownership is properly understood. People would not consider buying a home without contacting an estate agent, so think about buying a US timeshare similarly. Companies such as www.sellmytimeshare.tv specialise in timeshare transfers only and so have the required experience.

Understand Title Agencies

A title agency will become involved in transferring the timeshare ownership from the seller to the new buyer. However, they are not obliged to highlight or correct any potential issues arising, meaning that in some cases they might not point out problems unless speaking to a broker. Title agencies receive payment on completed transactions, and highlighting errors would mean they lost out on a deal. Documents need to be checked elsewhere.

Advertisers Are Not Brokers

Advertising timeshare sales online is easy, but making the deals as a real estate broker is much more difficult. Make sure that any online adverts are backed up by the appropriate licenses.