My husband and I just returned from a nice 2-day weekend, paid for by a timeshare corporation. Of course, their “hour and-a-half” of our time turned into a 4-hours presentation, but it was bearable because we knew we were getting some “free” vacation time. My question: While we’re interested in the Caribbean timeshare they’re promoting, surely some strings are attached that the salesman didn't reveal. In your opinion, would a timeshare be a good investment? — Victoria Vacation

Dear Victoria: Timeshares can mean a wonderful vacation get-away; however, never view a timeshare purchase as an “investment.” Regardless that you’re termed an “owner” when you fork over the funds, depending upon the number of weeks you buy, as many as 51 other “owners” have the right to occupy the same furnished unit for a specific time period. Let’s not forget, too, that you still must pay a yearly maintenance fee, which is usually hundreds of dollars per vacation week. And worse, if, for some reason, you fail to pay this charge, then you must relinquish “your” condo, even if you’ve already coughed up thousands for so-called ownership.

You can buy your timeshare directly from a resort (usually for a much higher price) or buy at a discounted rate, such as from sellers who utilize the Timeshare Users Group at www.tug2.net, among other legitimate groups. I know buyers who’ve gotten some really terrific deals this way. In fact, resorts all over the world offer luxurious amenities for you to enjoy (again for however many weeks you purchase) and, if you get tired of your “home” property, you can exchange in the future for vacation resorts elsewhere.

So with summer almost upon us and the idea of palm trees waving in the breeze or that medieval castle in Europe beckon you, remember these hints before you sign on the dotted line: 1) Be wise. Base your decision not just on the price, but also how much you'll use the timeshare. Even though most leases last 99 years and you can gift your week(s) to your heirs, don't make the mistake of thinking you’ll make money renting it or even selling later on. 2) Compare vacation costs. If all you can afford is a yearly junket to Las Vegas (and you don’t max out your credit card while there), then perhaps you’d better stick with Vegas. On the other hand, if you have enough money for plane fares and miscellaneous expenses, then you can swap out resorts — based on availability — and travel anywhere your little heart desires! 3) Get everything in writing. Yes, yes, I pummel readers all the time with this advice, but it's just plain common sense. If you’re promised the first year’s maintenance fee, get it in writing. If purchasing a unit in a building under construction, then insist on a bank letter that guarantees your funds are protected in escrow, just like you'd do if you're buying a REAL home or investment. 4) Just to be on the safest side, pop the contract over to your family attorney; his eyeball may be money well spent.