|   |

Author:
Charles Cater

Alright so that salesman on the free-trip got to you and you purchased that timeshare unit. So now what do you do with the unit, the salesman said that this would reduce my yearly expenses and pay for itself in the first five years of ownership.
How do I make this new investment work for me to get the most out of it. You have several options at this point in your vacation club ownership. You could rent your Timeshare, as the week that you own belongs to you just as your home belongs to you. You could use your week as your yearly vacation destination. Or you could post your timeshare with one of the major trading companies (Interval International, or Red Week). Just what to do.
If you enjoy the location of your timeshare, which you had better because you own it, the best thing to do at the start is to use this unit. You are evidently making payments on the unit and probably can't afford the additional expense if the unit should not rent as it was advertised to do, this will also give you the ability to talk with authority on the benefits of your chosen destination to later renters.
Your second option should be to trade the timeshare into Interval International or one of the other major trade companies. By trading in your week you will be allowed to select other destinations to visit. This is an extensive listing of locations and will afford you a different view than your home resort. Visit http://www.travelblogger.info to see current destination trends and rebates.
So you have now traded your week last year and are not really interested in going to your “Home Resort”. Your timeshare company only allows trades on alternating years. What can you do? exercise option number 3, renting your timeshare. Be aware that you only have about a 50% chance of the unit renting so if this is your option please don't bank on the incoming money.
Now do a little research by looking up your resort on http://www.redweek.com and finding what other owners are currently renting their weeks for at your resort. Then be prepared to post your timeshare on the local rags for your resorts. Also list your timeshare on http://www.RedWeek.com, and begin your wait on the rental.
Following any of the routes above will allow you to enjoy your timeshare ownership. Selecting carefully you can plan on only visiting your home resort once out of every three years. You can also allow the timeshare to pay for itself if you master the art of renting your week. Get this rental about 75% occupancy and you will be able to make the salesmans story ring true.
Charles Cater

About The Author

Charles and his wife own two timeshares in Hilton Head, SC. Charles spent years researching these purchases and deciding on the direction to move with the purchases. This article may be reprinted freely as long as all links remain active. http://www.bridalblog.info http://www.thewebllama.com http://www.travelblogger.info

|   |    Article Keywords: Timeshares

A Quick Note From The Publisher... If you like the article above, you may be interested in the following article which is also related to Timeshares... Timeshare Salesman - The Good, The Bad And The Ugly Actually I did not find much of anything good to say about timeshare salesman. You be the judge. It is a sales persons job to sell you their product, make money for the company and make a living for themselves. All well and good. When you pay your money for anything, whether it is a candy bar, a car or a house you expect to get fair value for your money. You would not expect to pay $100 for a candy bar. And if you spent $10,00 for a car you would expect it to have at least a steering wheel and tires. And if the person selling you the candy bar said it was 100% chocolate you would reasonably expect it to be chocolate. And you would expect to be able to eat it anytime you wanted to. When you run into a timeshare salesperson just throw any thought of truth out the window. Their job is simply to take your money no matter what it takes. And the truth will stop them cold in their tracks. Because buying time shares from a presentation is probably one of the worst deals imaginable. So the salesman has no choice but to lie to you. It is as simple as that. And how do you know when they are lying to you? Simple - anytime their lips are moving. Now I ask you again, am I being to harsh? So what are some of the ridiculous stories that you will be told. Well let's start with the one about this being a very good economic decision. Do the numbers work out that way...? Lets see what happens over the next 10 years. You purchase a timeshare for say $15,000 and have a 10 year payout of the loan. Financing through their company will cost you at least 15% interest. So that is $1932 per year. And then there is yearly maintenance fee of around $450 per year. And then there is exchange membership of around $100 per year and vacation exchange of around $130 per vacation. For a grand...