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The Best Way to Buy Timeshare Resales
Timeshare resales cost much less than purchasing from the resort developer. However, resale timeshare buyers need to be cautious when buying them and should personally check out the timeshares before investing on them. One should not just rely on what the timeshare resellers say and need to know about the maintenance fees involved and the property taxes of the timeshares.
Similar to purchasing a vehicle, the majority of the timeshares immediately depreciate on the resale market, therefore, it mostly makes little sense for one to buy them directly from the developer especially because lots of timeshare corporations don’t exercise right of first refusal for any resale transactions and so the values do plummet. As much as this is not a good situation for the original buyer, It’s a fantastic one for the buyer.
You may often find timeshares being sold at a 25-75% discount out in the resale market and there could be some sure-fire discounted prices as high as 90% from the original developer’s price. You’ve got a wide range of alternatives for purchasing a resale timeshare. eBay has numerous timeshares on its auction site and it’s one good place that you can pick up bargains but you may also consider your local paper’s real estate section, other websites and timeshare forums where timeshare owners trade with one another.
One thing you should have in mind is that you don’t want to be paying for the owner’s inflated timeshare’s value, so, you need to first do some research. In the event that you decide not to use eBay, it is worth checking out completed auctions so as to get a clue of resort prices that you could be interested in buying.
However, if you opt to shop from a timeshare resale website, you need to find out if they make sales. Plenty of timeshare owners usually hand them over to what they call “postcard companies”. These companies charge them an upfront fee and then post it on their website at high asking prices. They don’t even care if they will be able to sell the property since they have already made their money by collecting those upfront fees from the owners. If the listings of a website appear stale and do not seem to be changing, it is ideal to keep off making offer since you probably won’t receive the very best price.
Be sure to negotiate after you decide to buy the timeshares. Besides eBay, you will notice that purchasing a timeshare is just like buying a house. The asking price can be negotiated. In case the owner has been attempting to sell them for some time, and the owner is hoping to avoid the yearly maintenance fee, then you could land a great deal. Due to this reason, you mostly tend to get the best deals in November and December, just before the due time for paying the annual maintenance fee.