Monday, July 19, 2010

Timeshare Resale vs. Timeshare Developer: How to Buy?

Timeshare purchase methods have changed in the last 10 years. Whereas before, the only way to buy a timeshare was directly from the resort developer, there is now a timeshare resale marketplace to consider when getting ready to purchase a timeshare for your annual vacation needs. And, with information being available so readily on the internet, there are more opportunities than ever to do your own research and be sure you are getting the best timeshare purchase deal around.

Here’s how the two methods compare:

Timeshare Resale
  • No sales pressure
  • Time to conduct your own research online
  • Prices typically 35 - 50% lower
  • Opportunity to negotiate price further
  • Units the same as the developer offers
Yes, it can be tempting to purchase a timeshare while you are having a fantastic vacation and are enjoying the amenities of the resort that wants you to buy there. But, the buyer who is not impulsive can gain valuable, objective insights about the resort by learning about the experiences of owners through articles, online timeshare forums and resort ratings. If he checks pricing online as well, he may be surprised that he can save as much at 50% on a timeshare resale unit as well.

Timeshare from the Developer
  • Trust factor: buying from a recognized brand
  • Opportunity to purchase new construction
  • Incentives and perks
  • Financing available
There is an element of trust associated with buying directly from an established and respected brand in which you have confidence such as Marriott Vacation Club, Hilton Grand Vacations Club and Disney Vacation Club. Some developers even offer perks and amenities that come with the resort if you buy it brand new. And, the earlier you buy, the more choices you have in terms of the week you want and its location at the resort (ie. With our without a view).

Perks can include rewards and points programs that are not transferable if the timeshare owner chooses to sell at a later date.

Financing options are available much easier, though you could certainly ask a timeshare owner if they are willing to finance the deal in order to make the sale. And, just because you are talking to a developer does not mean that you can’t attempt to negotiate the price. If they want the sale as much as you want the property, you could get a better deal.

No matter where or how you choose to purchase a timeshare, make sure you buy a resort that you love to insure that you get the most value and enjoyment from your vacation ownership.

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