As baby boomers begin entering the typical retirement phase of life, thoughts turn to leisure time, travel, and sticking to a budget. Even yesterdays San Francisco Chronicle recommends finding travel discounts by using timeshares as part of a cost cutting plan:
“Timeshares are generally not a great real estate investment, but they can be a good investment in your travel expenses, if you consider their value in relation to what you will realistically spend renting vacation homes, or at hotels and resorts for the next several years. If you travel frequently and know that you want to return to the same location repeatedly, you can save up to 67% on a timeshare by skipping the developer and buying through the timeshare resale market.
Resale timeshares can often be found online through various sites, but there are brokers that handle them as well, to resolve concerns around legitimacy. Reputable sites like RPMLS.com also include resale listings. The key to a successful timeshare is knowing that the location will be appealing in the long-term, both to you as the owner and to potential renters or buyers.”