Top Five Reasons to Buy a Timeshare

Still Waiting To Buy A Timeshare? Stop Waiting!

Top 5 Reasons to Buy a Timeshare
Have you been thinking about buying a timeshare recently? Those who are looking for a smart way to vacation at their favorite destination each year would do well to consider some of the many benefits that timeshares are able to offer. Here are five of the top reasons that you might want to choose one of these properties.

Afford a Great Property

When you choose to buy into a timeshare, you are going to be able to afford a great property. It is going to be possible to find a property that has luxury amenities that you might not be able to afford otherwise. Buying the timeshare is going to be much less expensive than it would be if you were to buy a second vacation home that you are only going to be using for a week or two out of the year.

Feel at Home on Vacation

When you are on vacation, you want to feel as though you are at home. Coming back to a hotel room after a long day is not going to give you that feeling. However, if you have a timeshare that you use year after year, it is going to become your home. You will find that they are generally going to have quite a bit more in the way of amenities and features as well.

Lots of Wonderful Locations

You will have a number of different locations from which you are going to be able to choose tTop Reasons to Buy a Timesharewhen you buy a timeshare too. Whether you are looking for a beach vacation, a location in your favorite city, or a place to spend a couple of weeks in the mountains, you will be able to find it.

Save More Money

When you have a timeshare, you will find that it can help you save even more money on your vacation. You will be able to cook at your timeshare rather than eating out all of the time. This can save quite a bit of money!

Never Wonder Where You Will Stay

You never have to scramble at the last minute just so you can find a place to stay when you are going on vacation. You will always know that your timeshare is going to be ready for you when you arrive. Imagine just how disappointing it would be if you were to schedule your vacation, only to find out all the hotels were booked because of a convention in town! A timeshare ensures that will never happen.

How to Check a Broker’s Licensing

REALTOR_logo

REALTOR_logoWe’re always advising timeshare sellers to check the licensing of a potential timeshare broker before they do business with them.

Checking a broker’s licensing is one of the most reliable ways to ensure the reputability of a given real estate broker; but it’s come to our attention that not many people know how to check a broker’s licensing.

We’ve put together this instructive article to help consumers keep themselves safe while selling a timeshare. Read on for more information about how to verify a timeshare broker’s licensing. As vacation ownership scams continue to increase in number, it’s becoming clear that the resale of timeshares should be handled like any other real estate transaction – with the help of a licensed broker. To keep yourself safe when selling your timeshare, the first step you should take is to verify the credentials of any potential broker or real estate agent. Here’s how:

Check the Association of Real Estate License Law Officials
The first place to start your research is ARELLO┬« – the Association of Real Estate License Law Officials. One of the reasons consumers find it so difficult to verify licensing is that every state does things a bit differently.

ARELLO is a valuable tool because it helps encourage licensure and education recognition between jurisdictions. When you visit the ARELLO website you’ll have the option to verify licensing by either license number or the name and state in which the broker resides.

If your potential broker holds current licensing, ideally you’ll see recognition from both the National REALTORS┬« Database, and the state division of real estate. Bookmark both reports, and while there, take down their license number, in the “license information” section of the report.

Verify Credentials With the State
This is where things can get tricky; but if you’ve completed the first step and have a license number to search by, you shouldn’t have any problem. First, you’ll have to find the licensing authority for the particular state in which your potential broker resides.

The easiest way to do this is with a simple Google search for the [state] + “real estate licensing” authority. Because a majority of timeshare brokers live and operate in Florida, we’ll use the Sunshine State as our example.

So, to find the state licensing authority for Florida, your search might look something like this: “Florida real estate licensing”. Some states will have different terms for their real estate licensing authority like “Commission,” “Division,” or “Board.”

Because of its authority as a governmental resource on the web, the regulatory agency you’re looking for should usually show up first. From the state licensing commission, you can search by license number to learn full details like:

  • Main Address/ License Location
  • License Type
  • License Rank
  • Status (ie. Active/Not Active)
  • Date License Earned
  • Date License Expires

Incidentally, if you know your broker is located in Florida, you can search for licensing with the Florida Department of Business and Professional Regulation.

If you’re still unsure, pick up the phone! Call the licensing agency and ask to speak with someone in person who can help you verify the licensing. If everything checks out, you can feel confident that your potential timeshare broker is legally licensed to practice real estate in his or her state, and that any transactions they make on your behalf will be valid. 

Check with the LTRBA

Recommended by the TODAY show, the Licensed Timeshare Resale Brokers Association is a group of real estate brokers who deal exclusivley with timeshares and who work hard to advocate on behalf of timeshare consumers. LTRBA members must adhere to strict membership rules that include: No Uprfront Fees, transparent and ethical resale dealings, and full-disclosure to all parties. Timeshare Broker Sales’ managing broker Don Nadeau currently serves as LTRBA membership chairman.

Bonus Points
Still, if you’re looking for brownie points; go the extra mile and check your reseller with the Better Business Bureau to find out if the broker has any complaints filed, and whether they were resolved satisfactorily. Legitimate brokers should be listed with the BBB and, better yet, BBB accredited.