You should buy what you are going to use either by occupying the unit or depositing
it—although be very careful with the latter! What is high demand today and
therefore has good trading power may not be the same tomorrow. Example: If
you bought Orlando 10 years ago to exchange. It had a high demand then—not
so much now since the offer has increased so much.
Q2
Specifically, what should I buy?
Prime season (If you want you can always change it for lower season.)
High demand area (For trading purposes)
Unit size that you want/need (Even if bigger than what you need right now)
Cheap (Don't buy the first thing you see and like—shop and compare but
make sure you are comparing apples to apples.) AND REMEMBER…don't just consider
the purchase price but also the annual maintenance fee price, airfare or
transportation to the area, all inclusive fees, etc.
As an “extra” if you can buy into a large group like Fairfield , Marriott,
etc. you can often get additional benefits like bonus vacation weeks, weekends,
etc.
Q3
How do I make sure I don’t get “ripped off?”
a. Get the information from the seller and verify it with the resort.
b. Use all of the legal documents necessary to make sure you are confident
with the sale—not more and not less.
c. Make sure you clarify current year's use—or first use—status of any weeks
deposited with an exchange company and make sure you have it in writing.
d. “Let the Buyer Beware” is a good thing to remember—be careful but not paranoid.
Most people just want to sell their property and are not out to get you but
make sure everything is clear to both parts and in writing—that is only good
business and anyone who is just honestly trying to sell their property will
understand that.
e. Make sure you know exactly what, when and how you are buying.
Documents are available on this site and we also offer reasonably priced transfer
services if you wish to use them. Feel free to contact us if we can be of further
help.
