Timeshare for the Terrified

By Terese Bond

This book gives inside information on making the right timeshare choice. For the perfect holiday, choose the timeshare right for you and your family.

How to buy
Where you should buy
What you should buy

How to travel the world
on a shoestring

• Language: English
• Publisher: AuthorHouse UK
• Release date: Dec 19, 2012
• ISBN: 9781481780520

Terese Bond

Terese's passion for travel and holidays took her overseas to work in the Timeshare industry. She and her husband own their own Timeshare. Terese was born and educated in England. She nows lives and works in Surrey. She has highlighted all sides of the industry and walks you through the timeshare process.

Book preview

© 2012 Terese Bond. All rights reserved.

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

Published by AuthorHouse 12/17/2012

ISBN: 978-1-4520-2531-5 (sc)

ISBN: 978-1-4817-8052-0 (ebook)

All photos and drawings in this book are used with full permission of their respective owners.

Note: Most of the stories told in this book are based on real events and places. However, the names involved, if any, have been fictionalised.

Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

Contents

Introduction

Well Why Not!?

Fun with Hotels

The closet hotel room

You call that breakfast? The £12 fruit cup and other obscenities

The ever rising price of hotel rooms

A Timeshare Experience

My First Timeshare in Tenerife

Timeshares, Timeshares Everywhere

My Clueless Friend

What is a Timeshare?

History of Timeshares

Myths About Timeshares

Why Timeshare?

Timeshares are usually larger than hotel rooms.

Most Timeshares Have Kitchens

Timeshares Can Save You Money

Things You May Not Know

Don’t just take anyone’s word for it.

Remember all the fees

Timeshares are not real estate investments

Some timeshares are deeded and others are long term use

Deeded Timeshares

Non deeded timeshares

Timeshares require you to make plans in advance

Not all timeshares are created equally

Newer timeshares actually offer you points instead of ownership

You should look into buying a timeshare nearby your home

You can try before you buy

You should actually see a room before you buy

Then There’s Us

How To Buy

Don’t buy on impulse

Try Before You Buy

Ask Questions

If Buying Deeded Property

Do research

Ask about specials

Dealing With the Staff at a Timeshare

Here’s a quick run down of the types of people you may meet when you go to a timeshare.

Your 90 Minutes

The 90 minutes begin

THE CLOSER

Things to Know When Buying Any Kind of Real Estate

Buying property

Second Hand Time Shares

Look for a registered dealer

Look for the best deal possible.

The same rules still apply

Ask the seller why he’s selling

What To Look For In A Time Share

Weeks

Location, location, location

Quality of the Timeshare

Finished Properties

Size of the room

How It Works

If you just want to use the space you own

Trading your timeshare for another with color systems

Trading your timeshare for points

Credit issues

You can afford to pay for the timeshare outright

Pay with a credit card

Borrowing money from friends/family

Borrowing money based on a mortgage

Bargaining

Price

Perks

Financing

Fees

Down payment

When to ask

Exchanging and Banking Your Timeshare

Congratulations. You’re an owner. Now what?

What the masses want.

What the minority want

Standard exchanges

Points systems

Other exchanges

Banking

Glossary of Timeshare terms

Useful web sites

About the Author

Introduction

My name is Terese Bond. I’ve worked as a real estate agent for over 20 years and I’ve been an on site negotiator for new homes. My love of holidays took me to Tenerife where I also became involved in selling time shares as a line rep.

I decided to create this book as a light hearted but serious guide to everyone who is considering purchasing a time share. Unfortunately, there is an awful lot of misconception and miscommunication about time shares, some of it deserved based on the reputation that times shares create for themselves, though much of it not factual at all. I wanted to tell you why I love the time share concept and how you can make the very best choice of a time share all your own.

I gathered several interesting stories for you which will hopefully illustrate for your exactly why timeshares are a great deal and will also amuse you at the same time. Along the way, I’ve tried to offer some tips and tricks that will help you to make best choices for your personal needs as you engage on this journey toward holiday ownership.

I prefer to refer to this as holiday ownership by the way because that is really what you are purchasing when you do this. While you do own shares in a particular property when you purchase a time share, the fact is that you really don’t ever have to holiday in your own time share. You can easily swap for almost any place anywhere in the world and all you have to do is decide which place you’re interested in. There’s more about that later on when I