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Timeshare LocationWhen it comes to the value of real estate, the saying goes that there are three important issues to consider: location, location and location. When it comes to timeshare resorts, this old adage remains the same. Location is everything (location of the physical building and location of your week's time slot)
Timeshare owners quickly realize that only the time share resort units in the best locations (and the peak red week time slots) can easily be traded with other timeshare units around the world. Timeshares that are located in anyplace other than a prime location with red week time slot will find it difficult, if not impossible, to trade for another location.
This often leaves timeshare owners, who assumed through the timeshare sales pitch that they would easily be able to trade their timeshare unit for another location in some far off exotic place with ease, forced to vacation at their purchased timeshare unit year after year.
The major problem with purchasing a timeshare resort unit in a great location in high season is that the cost of such a unit is significantly higher than at other locations. Those looking at timeshares thus opt for a less expensive timeshare unit which places them into the classic timeshare trap.
For those who purchase a timeshare in an obscure location thinking they will be able to trade for a prime location will find that it's nearly impossible to do so. If you can't afford the very best location with a peak time slot, rarely will getting a lower priced timeshare make sense as a replacement.
Prime locations are places where there is high demand for people to vacation and include Florida (Orlando and beaches), Hawaii and California. Popular ski resorts for winter that are right next to the ski slope can also sometimes be a prime location. Basically, the place that everyone want to be, but few can afford to be.
Previous: Timeshare Red Weeks
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