Financial Services Industry
Industry: Email Alert RSS FeedTrading Places - time-share resorts - Industry Overview
Kiplinger's Personal Finance Magazine, July, 2000 by Elizabeth Razzi
RELATED ARTICLE: SMART TIME-SHARE SHOPPING
Here are some tips to remember when considering purchasing a time share:
* Your time is precious. If a company says your timeshare presentation will last only 90 minutes, listen for only 90 minutes. Then feel free to grab your discount coupon and go. It's not uncommon for salespeople to impose on your good manners and keep you in your seat for three or four hours.
* Get every promise in writing. If a salesperson promises you "bonus weeks" or other incentives, get it in writing before you sign a time-share contract. This is a major source of complaints to the Florida Bureau of Timeshare. Contact the bureau at www.state.fl.us/ dbpr/html/lsc/timeshare/ index.htm.
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* Take advantage of the cooling-off period. Most states have a cooling-off period of three to ten days, during which you can cancel the contract.
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