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Now here is a crucial question all prospective timeshare buyers would ask Do you also find yourself grappling with the question,

How much should you pay for timeshare?

The fact is that the answer depends on many factors. As for anything else, the popularity of the timeshare dictates its cost. Factors like location, unit size, facilities, season, type of contract etc. dictate the price. However, the most important considerations regarding how much should I pay for the timeshare are your vacation budget and how the timeshare compares vis--vis other vacation options.

If you have been staying at hotels during your vacations, you know that the tariffs are typically on a rise every season. At the going rate of inflation, you can compute how much you would have to shell out at hotels for a given number of years to get a fair idea of how much you should pay for a timeshare for the same period.

Once you make up your mind regarding the type of resort and season you would like to buy, conduct a thorough survey of the available deals, both on the Internet and through brokers or resorts. Check across sellers, for similar units and seasons to compare prices.

Typically timeshare resorts or brokers quote an inflated price, which leaves sufficient room for bargaining. So dont scoot at the mention of the quoted price nor agree to it immediately. Sometimes though, you may get a lower price for agreeing to the purchase during the sales presentation itself. This may turn out to be a good bargain. Cash payments save the resorts the cost of processing loans so check if there is a discount on cash payment, if you wish to pay cash that is. If you wish to pay monthly installments adjust the duration to suit your monthly budget. Bear in mind that extending the duration may reduce the monthly outgo but will you cost you more overall.

Dont get carried away by the bulk discount you may get for purchasing more than a week. Buying bulk is worth only if you intend to go on extended vacations. There are additional costs including the fee for transferring ownership of the timeshare and recording fees for deeded properties, which are one time costs and the annual maintenance fees, which is a recurring cost. Of these, you may definitely negotiate on the maintenance fees.

Thus, the average timeshare cost should fit within your budget, should be the market value of the timeshare and cheaper than other vacation options. For more information on timeshare guides check out wowfly.com.