BUYING 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 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.
References :
http://timeshareownerscommunity.com/things_to_know_2.html

As a legal entity there is no such place as Northern Cyprus.

You cannot be sure of legal title because a lot of the land in that part of Cyprus illegally occupied by the Turkish Army belongs to displaced Greek Cypriots. When the border eventually comes down (It must if Turkey is to have any chance of joining the European Union, as it wishes to do).

Then the displaced Greek Cypriots will reclaim their land and they can run a bulldozer through any property built on their land.

It has already happened.

Ian M
References :

Because of her knowledge of how to use them, and because they work so well for us, I decided to buy two time shares, so each of my kids would have one after I die.

They cost a lot. And, the maintenance fees are high. So, if there is a year that you don’t want to take vacation, you’ve still paid quite a bit for it (when you figure what you spent to buy, the interest on that money that you could have earned, and the maintenance fees.)

My advice is to go to a reseller. (I am not in the business.) There are plenty of people out there who will sell you their timeshare for 1/2 of what they paid for it.

I think that GMAC has a division that resells timeshares. I’m sure you can search the Internet and find one.

I think that Wyndam (they bought Fairfield Resorts) is the biggest timeshare company, but they don’t necessarily have the best spots. I think that Marriott and Hilton also have a lot of timeshare properties.

If I were doing it again, I’d try to buy Hilton on the resale market.

Good luck.
References :