Are Small Timeshare Companies Safe?
October 14, 2013
With any investment, there is a risk and as a rule, the smaller the company the greater the risk factor, and the same is true of timeshare companies. While buying a timeshare is intended to bring a lifetime of happiness, the reality can be somewhat different if you do not do your research.
Frequently, the smaller timeshares companies can appear to offer the best deals and generally give away some apparently excellent incentives to go to a timeshare presentation. Like the company itself, these freebies are often too good to be true. It is always important to take into consideration the product you are buying, especially if you are dealing with a small timeshare company.
Timeshare experts and advisors generally hold to the opinion that the larger long-standing companies are best, so lets have a look at some of the reasons why smaller companies are not the best option:
- Financial insecurity – here today gone tomorrow
- Harder to carry out background checks and research
- Lack of experience
- Don’t benefit from economies of scale
- Less flexibility and choice
- Few upgrade options
- Higher Maintenance Fees
- Harder to resell or rent