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Published on: 10/7/2008
Last Visited: 10/7/2008
If you buy a timeshare in a resort that you love and you plan on vacationing there every year, then it will turn out to be a great investment especially if you take into account savings on hotels over the years and other factors, says Patrick E. Dougherty, owner of Timeshares United, which handles timeshare properties worldwide.
With time share ownership available for less than $2,000 a week, buying makes a lot of sense to many people.For about the price of just one vacation, you have a deeded luxury property you can use for years and years to come, he says.
And, if you dont want to go back to your timeshare every year, you can rent it out and choose to stay at any one of 5,000 other resorts in 90 countries around the world.All the time, you have an asset that you can sell at any time if you need to, Dougherty adds.
There are a number of things that potential buyers should be aware of, he says.It is usually much easier to sell a timeshare property in one the most popular resort area and the week being offered is also important.If you have a week at one of the most popular times of the year, you can sell at a premium, he says.
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In any event, these distress sales provide some of the very best bargains around if you can find them, says Dougherty.