Steve: When somebody’s looking to buy a timeshare, is there anything they really need to be careful of when they’re thinking about buying a timeshare?
Jason: Well, you know, when you’re buying on the resale market, I think, really there’s two things you need to be cautious of: The first is you need to be knowledgeable. You need to understand what it is you’re trying to buy, you know. A lot of people, when they buy a timeshare initially from the resort, they don’t even really completely understand what it is they’re purchasing. If the timeshare property has a point system, they may not even understand how it works. So, once you’ve settled in on a destination and then ultimately a property that interests you, it really makes sense to take a little bit of time and research that property, look at reviews on that property, that developer. Make sure you understand their point system. Make sure you understand the benefits that are associated. Make sure you understand the fees, maintenance fees that you’re going to have to pay for that property so that you can make an intelligent, educated, informed buying decision.
I think one of the things to be cautious of when buying on the resale market is when you’re buying by them, the good news is you’re going to save a ton of money. The bad news is not every timeshare owner really understands what they have, like I was just saying and so, it’s important that you use when you go to closing and make that purchase, make sure you use a title company that specializes in timeshare resales so that they get in a letter from the resort so, that everything that you think you’re getting, you’re really going to get.