Follow These Four Simple Steps, and It Just Might Work – Don’t, and You’ll Lose Your Mind
Right away you need to remember a timeshare is not an investment in the traditional sense. If you buy a timeshare with the notion that it will grow in value allowing you to sell it down the road for a profit you have made a common mistake.
Investing in Timeshare can be a good choice if you consider your future vacations as an investment in your leisure time and a cost savings against inflation.
The salesperson at the resort will tell you it’s a great investment because it’s less expensive than renting a hotel for the week, it can be traded (banked) for another resort anywhere in the world, certain weeks are a better deal than others, and it will gain value as the resort starts to sell out.
A timeshare salesperson is there for one reason – to sell you a timeshare. They tell you what you want to hear, not what you need to hear. However, investing in timeshare can be a great investment if you do your homework and learn the lingo of the timeshare industry. Here are the basics you need to know before you consider buying into timeshare.
Location Picking a location is actually more complicated than it seems, and here’s why:
The Obscure Though you may think Connecticut in the summer or fall is a great vacation spot with its natural beauty, old world colonial charm, and proximity to the mountains, New York City and dozens of historic sites, most people have never been to Connecticut let alone consider it a hot vacation spot.
The Overbuilt No doubt Florida, in particular, Disney World, is one of the most popular vacation spots for families. It makes sense to assume a timeshare close to extremely popular vacation spots is a sure bet. The problem with this, and other very popular vacation spots is there are so many timeshare weeks available, chances are you won’t be able to rent out your week unless it’s a hard week for people to find like Christmas week.
Red Week, Blue Week Timeshare has two classes of weeks – red and all the others. Red weeks are those considered “in season” and the most popular time to go. Blue weeks (white, shoulder season, off season, etc) are “out of season” and though less expensive than a red week, no one wants to go to Martha’s Vineyard in February. Do not buy a blue week!
Resort vs. Resale Resort salespeople are very charming. The resort also gives perks to get you there like a “free vacation” or other goodies that sound too good to be true. They want you to buy your timeshare through them. They want their commission. Don’t do it. There are thousands of timeshare weeks for sale through resale companies and by owners themselves. A resale company with knowledgeable real estate agents and a data base of timeshare red weeks at resorts around the world is your best bet. It is not unheard of to save 50% to 75% off the retail value when you buy timeshare resale.
Don’t Bank Your Week! Banking your week with the hopes of going anywhere in the world is slim to none. The truth is, the companies you bank your week with will wholesale it to various resort and hotel companies without your knowledge. You know the commercials about getting the best deal in hotel rooms. That’s your room, and you get nothing for it. Do your homework and Google what other resort suites at your timeshare resort, or in the same area are going for. Be sure to make your comparison based resorts with ones with comparable amenities and proximity. After you get a general idea on what the rooms are going for, price your week accordingly and rent it yourself through websites like Ebay or Craigslist. Better yet, use a company which specifically rents timeshare for you.
Timeshare-Resale-Broker.com is the leader in the Vacation Resale Brokerage Business and innovators of timeshare resale services for individual consumers and software for resale agents. Since 1979 (over 38 years) we have had original management. All of our Timeshare Agents are Resale Specialists and members of NAR, the National Association of REALTORS®.
We pioneered the first timeshare resale broker website on the Internet in 1995. We advertise on many more.
People wanting to sell and get rid of a timeshare benefit from the professionalism of a licensed timeshare resale broker who stay on top of the ever changing technology as well as industry direction. We work with all buyers for the vacation properties registered in our database. We have a team of REALTORS® and personnel who are forever assisting the buyers, sellers and insure that the time share sale transaction is as smooth and easy as possible. Call today to get rid of the timeshare albatross! Call us at 1-800-247-4392
Experience: We have sold and closed timeshares in over 29 countries, in 47 states in the USA, have closed deals with sellers and buyers from over 89 countries. We have helped thousands of owners get out of an their unwanted unit.
We have a program that gets you out of your property without waiting for a buyer too. This stops the fee payment burden right away.
We offer all our expertise to you!
What are you waiting for, Call us from the USA or Canada at 1-800-247-4392
or Internationally 1-936-588-4884.
Our offices are at 14500 Hwy 105, Conroe, Texas 77304.