What makes a good deal?
How to get the greatest property at the LOWEST price?
These questions are in fact part of one
and the same issue. First, what makes a good deal? Well the very
first thing you must do is answer two key questions:
1) Do I like it?
2) Will I use it?
If the answers to those questions
aren’t yes, then don’t buy it. As long as YOU DO LIKE IT AND
YOU WILL USE IT, then the third question arises: Can I afford it?
If making the payments means never
having food for your table or means never going on vacations, then don’t
buy it. Just realize this: in all
of our lives we make sacrifices so that our families can have a better
life. Maybe it’s cutting back on a nonessential luxury, perhaps
it’s working a little overtime, we all have set our sights higher than
they were before and we have all achieved that greater height.
Now, the only thing to worry about
(since now that you have decided to upgrade your lifestyle into a timeshare) is
price. Get the best price that you
can from the developer. The BEST times to buy are always at the very
beginning or at the very end pf a development’s sales. If you can
get pre-construction pricing, you will never get better from the developer.
There are even sometimes where a developer may have a foreclosure that
they want to sell and get off of their books. It just depends on being in
the right place at the right time. So the first rule in getting a better
price is timing.
What is the second
rule? Cash! If you can pay all cash, do
it. You can negotiate your strongest price right there. If you
can’t, then remember many developers have financing of 18%, 20% or
more. So obviously if you can get a home equity line of credit or some
other financing source at just 6% or 8% you are MUCH BETTER OFF doing
that. Some developers will even give you 30 or 45 days to arrange other
financing once you get home.
What is the final rule
on buying at the best price? Make sure that if you go on a timeshare tour, you are doing
so at a time where you may buy if you like what you see. In some areas or
in some companies, you may find the only time to get the best price is only on
your first visit. After that time, some people get “black
listed” so they can no longer get preferred pricing. You can only
get your first time once, so use it wisely.
Timeshare is growing
in popularity for one great reason: timeshare works to save families hundreds and
even thousands of dollars on their vacation. Find out how you can save money too!
For
any questions, simply email to: rocky@redweektimeshare.com