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How to Buy a Las Vegas Timeshare

Hot gambling action, nightly entertainment, and fine dining/shopping await you at a Vegas timeshare. Once a popular playground mainly for adults, Las Vegas has been increasingly adding more attractions for families. A timeshare is a great way to be able to get the most out of a Vegas vacation. You're guaranteed a place to stay at night. Most timeshares are convenient to the major attractions, which is a definite plus. Below, you'll find the steps that you need to take when buying a timeshare in Las Vegas.

Familiarize Yourself with What's Available

The very first step in buying a Las Vegas timeshare is getting familiar with what's offered. First, you'll want to try to learn a little more about Vegas' neighborhoods. While Las Vegas is a fairly easy city to navigate without a car, it helps to know which areas are close to The Strip, where most of the attractions are. You'll also want to do a little bit of comparison among the various resorts. Some offer considerably better amenities than others do, even though most of them are in the same general area. 20 of the world's largest resorts are located in Las Vegas, so you have a good number of options to choose from.

Find a Good Broker or Contact the Resort

There are two options available for most timeshare resort companies, and each is mainly a matter of personal preference. A broker performs the same functions as a real estate agent. He or she can show you several properties and make suggestions based on the information they have. Your broker can also answer questions you're bound to have. Another option might be to contact the resort directly. Customer service reps can provide you with information on properties available and answer questions. Once you've completed this step, you can move on to getting financing.

Get the Financing You Need

Unless you have the financial means to pay for your timeshare in cash, you'll probably have to go through a financial company. Nevada is one of the least expensive states for a business to incorporate in, so you'll find no shortage of companies to work with. Some companies run by dishonest people have found potential timeshare owners to be easy prey. You'll want to be sure to thoroughly check the company out before doing business with them. The Better Business Bureau and Nevada Attorney General's office can help determine whether there are any complaints against the company. Be sure to fully complete all paperwork provided by the financial company and keep copies of documents you might need on hand. This will avoid delays.

Schedule the Closing as Soon as Possible

Before setting up a closing date, take a look at your contract and make sure closing costs are included. Have an attorney explain anything that's not clear beforehand. Your closing agent will stay in close contact with you during the process and make sure everything is in order. They'll handle recording the deed, transferring funds into escrow and then to the seller, and notify the resort of the transfer.