Vacation Packages

Are you getting tired of hearing those long presentations given by timeshare companies? The solution is to buy a timeshare resale. The timeshare resale industry was almost nonexistent ten years ago, but now it is awakening and slowly and steadily gaining ground. Many reputable companies have joined this emerging market, but timeshare resales also occur through classified ads and auction sites. Potential buyers should look at a timeshare resale because they cost 30-50% less than a new timeshare unit. New timeshares are expensive because the companies spend so much on advertising. The cost of this advertising may be higher than the entire cost of a resale timeshare, making purchasing a resale a much less expensive option than buying a new timeshare. However, there are a few things to think about when buying a resale.

Do not take the seller’s word that the timeshare is located in a great place; instead, go see the property yourself. If you buy the right timeshare it can be a wonderful investment in your future vacations. Also consider whether the timeshare is close to malls, restaurants, grocery stores, major attractions and other amenities, and find out if it is located in an area that is in demand. Buying your timeshare in the peak season is a good idea because you will have more options for exchange in the future.

Do not disregard the unit’s floor plan. Some are converted from motels to timeshare units. While some may turn out wonderfully well, others are terrible. Look for timeshare units that are well designed and planned, and also check to see if they are properly maintained. A unit that is clean and has no dust, structural damage or squeaking doors speaks well of the facility’s management. Good management adds to the unit’s value and is signified by well maintained and well-kept units.

The low prices of timeshare resale overshadow the underlying cost sometimes such as maintenance fees, property taxes and if there is any special assessment this year. Clearly ask the seller if all these have been paid up to date otherwise the price of owning a timeshare resale increases. Look to buy a resale timeshare unit in a timeshare resort which has low maintenance fee, as this is an annual fee it keeps on adding if you pay any extra money. If you are buying through a broker, do not fall into the trap of buying through an unlicensed broker. The timeshare industry has witnessed many scams and frauds related to timeshare resale. So always go to a licensed broker because they have much at stake compared to a non-licensed broker. Also put the money in an escrow account until the time you get the timeshare unit.

Look into the prices of timeshare properties in the area that interests you, because price is the most significant factor when you are choosing a unit. You should always keep in mind that resale timeshare units often sell for as little as 30% to 50% of the price of a new unit. You can do this type of research on eBay, bidshare.com and other Internet auction sites. If you are buying your unit through a licensed broker, he or she should be able to show you a comparative analysis of prices if you ask.

The larger the timeshare unit you buy, the better the value you will receive. Your chances of exchanging will go up if you have a bigger unit, too. Most people are thrilled to buy large units because they are able to accommodate bigger families, larger gatherings and more friends. Make sure you ask the seller why the unit is being sold. It might be inconvenience or some problem with management, but you need to know the reasons behind the sale so you can judge whether you will want to deal with them in the future or not.

Since you are interested in timeshare information and want to discover more, you need to visit a Timeshare Forum, and check out WeOwnTimeshares. Meet and connect with timeshare owners on this Timeshare Owners Forum and social network. It is free to join and you can create your own profile in minutes. Share advice and reviews of different timeshares and begin asking questions in the forum. Visit today.