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Groupwise Inc.'s Five Things You Need To Know Before Investing in a Timeshare
Timeshares can be a stressful proposition. Groupwise Inc. helps make that experience stress-free. Groupwise Inc. is pleased to offer five tips on what you need to know before investing in a timeshare.
By: Missy Jensen
As a service to you, we at Groupwise Inc. offer five (5) timeshare entrance strategies to keep in mind before you invest, either with us or on your own.
Evaluate The Location. It’s easy to do: your eyes get wide-eyed at the thought of buying a nice beachfront property in a tropical locale. Of course, the pictures swayed you into thinking this would be a great location for your family to take a look into as a timeshare destination.
Not so fast.
Make special note to contact local real estate agents to see if there are any registered complaints against resort developers and operators. It’d be a good plan to also approach the local Better Business Bureau and the state Attorney General for the same information in order to get a better understanding of things.
Get a grip. More precisely, get a handle on whatever potential obligations or benefits of the timeshare you’re planning on purchasing. Should any information not pass the smell test, walk away – there’s no obligation – financially or otherwise -- in sticking around.
Impulse Buys are a Bad Idea. As mentioned earlier, you became enchanted with a destination based upon either their location or the pictures you saw on a website. Be patient and dig around a little for purchase incentives that may be available for such things as staying or even touring the timeshare resort. When doing so, make sure to ask for all promises to be in writing and that any such statements be a matter of public record as well.
There is no such thing as asking too many questions. Investing into a timeshare is a big financial commitment that shouldn’t be taken lightly. Get the contact information of someone who is selling the timeshare. Doing so gets you a live person to talk with and can answer any questions you may have during the entire sales process. A smart customer is a knowledgeable one.
Avoid foreign locales if at all possible. This suggestion is a pretty obvious one: any purchases of a timeshare on foreign soil are not protected by U.S. law and therefore leave you little protection should things go wrong.
Groupwise Inc. is a company that was formed in 1995 by an expert team of resort industry professionals with a goal of providing assistance to timeshare owners who need solutions for their difficult-to-
Contact: Groupwise Inc.
701 North Hermitage Road
Hermitage, PA 16148
Page Updated Last on: Aug 26, 2010