Ten checks before committing
- Set your travel requirements. Write down destinations, seasons, dates, room size and how early you can book.
- Price a comparable trip. Check a rental or hotel for the same dates and room size so you have a cost reference.
- Identify the actual interest. Ask for the resort, use frequency, first available use year and the week or points allotment in writing. Check how usage works
- Build a complete cost estimate. Include the purchase, financing, regular dues, assessments, transfer fees and likely booking or exchange fees. Review fees and due diligence
- Check actual availability. Ask how priority periods work and try a sample search for the dates and unit type you would book.
- Get written transfer terms. Ask the program which reservation rights, points, memberships and benefits transfer to a resale buyer.
- Verify ownership and balances. Ask the closing professional how they will confirm the seller’s authority, unpaid dues, loan payoff and any approval requirements.
- Verify your representatives. Check the broker’s license with the relevant regulator where licensing applies. Confirm closing and payment instructions through an independently verified contact.
- Read before committing. Review the contract and any applicable cancellation procedure. Record the deadline and delivery instructions with your copies.
- Track the transfer through completion. Keep the closing statement, transfer confirmation and the first use date. Confirm the new account’s rights and fee schedule with the program.
Use the FTC’s checklist before a presentation or purchase. Compare listings and keep the written terms for the one you select. FTC timeshare buyer guidance · Browse MLS listings