1) Don’t buy on impulse
Owning a timeshare is a commitment to enjoying fabulous holidays with your family for years to come. It’s completely different than planning where you want to go on vacation this year, or next. Think long-term. In this day and age, people don’t make huge commitments on a whim. You wouldn’t drive by a car dealership, spot a shiny new car then buy it within an hour, don’t do it with a timeshare either. Just like a car, it’s something you’ll use often, and so you need to be happy with it. Resist timeshare presentations with the lure of free tickets, coupons or even cash. Buying timeshare resale is much cheaper. No exceptions!
2) Decide where you want to buy
Deciding where you want to purchase is the fun part of buying a timeshare. Feel free to spend hours daydreaming of your perfect vacations. Allowing your mind to wander like this will give you valuable clues as to which timeshare is perfect for you. Do you see your kids skipping merrily around Disney World every year? What about hitting the slopes when the snow is powdery fresh on the ground? Or maybe you enjoy the glitz, glamor and gambling of Las Vegas. You will always have the option to use an exchange company and go to other destination, but your home resort should be in a location you love.
3) Pick a resort
Buying timeshare resale will save you thousands versus buying from a timeshare developer, so you’re already ahead of the game financially. With all that extra money to play with, you can pick whichever resort you want. Decide if you’d like a smaller, quiet resort away from the hustle and bustle, maybe a resort that has an established owner base and isn’t selling publicly anymore. Perhaps you’d prefer a brand name luxury resort such as Marriott, Hilton, Hyatt or Disney. Pick what’s important to you, is it location, amenities, atmosphere or luxury. Some smaller resorts hold a lot of weight in the exchange companies, so if you want to use the exchange programs frequently and travel to many destinations, a little resort might hold more trading power than a big one.
4) Research, research, and more research
Once you have your choices narrowed down, start researching. Find owners and ask questions. The Internet is your best resource. Look for reviews on the resort, look for pictures, both professional and user uploaded. Read the descriptions of the resorts, find their location on a map, and look at lists of their amenities. Find and speak to other owners, most owners will be happy to help. Find out approximately how much the maintenance fees are raised each year, if they have special assessments more often than normal, or if there are resort fees for common amenities and their cost. The best question to ask is if they’re happy. If the owner’s aren’t happy, you may not be too.
5) It’s time to buy
Once you know exactly what you want, it’s time to buy. At any given resort, there is normally a decent selection of resales available. Timeshares Only has the largest database of properties available on the resale market. Submit an offer, don’t be afraid to go low, owners can and will counter offer. The last step is to close the deal. Choose a reputable agency, as it can be a lengthy and frustrating process to do this part alone. Fidelity Real Estate Agency, Timeshare Division can provide a full closing to take the hassle and worry off your hands. Congratulations! It’s time to enjoy your new timeshare!
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