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Timeshare Resale - Finally Explained!

By Expert Author: Dan Wright
Word Count: 521 words | Views: 1608 view(s)
For a starter, it can be confusing to decide if they should purchase their first timeshare from the resale market or directly from a timeshare resort or developer. Each of these options has its own advantages and disadvantages.

Timeshares were once bought from their developers, but a recent concept hitting the market is buying them from the resale market, such as auctions or classifieds. The internet is benefiting the timeshare market, just as it has the rest of the market. Auction websites for timeshares provide buyers with specific information regarding the property, and a variety of buying options.

The timeshare market was completely different just ten years ago. Buyers used to buy timeshares based on impulse invoked by timeshare presentations, which were hosted by the developers. With advent of internet and auction sites for timeshares, the buyer has powerful research tools at their disposal, even if they decide to attend a presentation. The internet allows the buyer to make more informed choices than he or she could a decade ago.

Buyers can also avoid the trauma of sitting through a timeshare presentation by buying through the timeshare resale market. The presentations sometimes take ninety minutes and can go even longer. At the end of the presentation, the buyers who were brought in on the pretext of a free gift are subjected to high-pressure selling techniques, and this yields to signing a paper and buying a timeshare.

Compare the costs of resale vs. developer's offers: Developer's timeshare offers include the costs of advertising, presenting, free gifts, etc. - 40% of the cost of the timeshare! This alone can exceed the cost of the timeshare resale. If one buys a timeshare through a resale market, one can often buy the timeshare for 30-50% less. Choosing to buy through a resale market offers more choice and freedom in the time and unit. One is also assured of getting the best price. Buying a resale is almost certainly worth it.

There are however, a number of reasons why buying from a developer is a good idea. Many well known companies have become involved in the business of timeshare. These include Marriot, Disney and Hilton. If you choose to buy through a resale market there is always a chance that your investment might not be secure. Timeshare developers spend an enormous amount of money creating timeshares and so have worked hard to build a good reputation in order to turn a profit. Not only this, they make sure to provide the latest and greatest amenities, something unheard of in the resale market unless the unit you choose to buy is of fairly new construction. Developers also often offer incentives in order to gain potential customers such as free weeks, car rentals and even ticket discounts. These benefits are also never seen in the resale market. Lastly, developers offer a variety of financing options that you may not be able to get if you choose to buy in a resale market.

If you do opt to buy from a developer, they often feature their listing on the same auction website as timeshare resales, so you can review all your options at one place.
Dan Wright

About the Author:

Find timeshare resales as well as timeshare resorts around the world at Buy-Timeshare-Online.com.

Article Source: http://www.articlesphere.com/Article/Timeshare-Resale---Finally-Explained-/125944

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