Timeshare Resale 101- All You Ever Wanted To Know About It
Ever since the concept hit the market, much has been said about timeshare ownerships and its many advantages. People have also talked extensively about its flaws, bringing out the many ways in which you can lose your money by making an investment here. But the very popularity of timeshare properties is enough to tell you that this form of vacationing is here to stay. But before you too go ahead and jump on the bandwagon, it is necessary that you understand what you are getting into. In this article, we will try and explain what timeshare resale really means and how these transactions are to be handled by investors.
In the simplest form, a timeshare resale is what happens when a timeshare owner decides to sell his week(s) of vacation ownership. The owner of the timeshare is looking to liquidate his holdings and will thus pass on the title and rights of usage to the buyer who will eventually purchase the vacation ownership. The transaction may or may not be profitable; depending upon the market conditions and the intrinsic value of the property you are selling.
Considering how lucrative the market is in the current times, you might be wondering as to why a timeshare owner might think of getting rid of his/her investment. Health issues, a change in their financial situation, age or a change in lifestyle when the kids are grown and no longer vacationing with the family – the reasons can be many and varied. Timeshare resale transaction doesn’t really mean that there is something wrong with the property being sold off. As a buyer, you can always satisfy yourself as to the condition of the property by a physical inspection.
While it doesn't really matter why people choose to sell their week, it does make the timeshare weeks more affordable to purchase on the secondary market versus purchasing directly from the developer. Timeshare resales are therefore the better way of making your entry into this market as the financial outlays involved will be considerably smaller along with the risk that you will be taking up as a result of making this investment. The reason behind this different in pricing is simple. The developer has incurred the cost of marketing, employment of a sales force and other advertising and administrative costs that they pass on to the consumer, thus increasing the price they must get when selling their timeshare interval. But in case of purchasing the same property from previous owners, you can expect much less overheads and other expenses being levied onto your shoulders.
If you are looking for a timeshare resale property for investment or vacation purposes, I would recommend that you check out the internet first and foremost. Most resellers take to advertising about their property on the web owing to the inexpensive nature of the medium. You can easily find a host of listings to choose from and get an idea about the market as well.
To know more about timeshare resale, visit Conciergerealty.com
About The Author
Sam Cook is an expert on the concept of timeshare vacation homes and also likes to write many interesting articles and blogs on the topic, helping people to understand the various aspects of this system. He recommends ConciergeRealty.com as the best name to trust for timeshares in Aruba, Maui, Cancun and Hawaii.