Timeshare 101 – What is a timeshare resale?

What is a “timeshare resale”? A resale is what happens when a timeshare owner decides to sell their week(s) of vacation ownership.

There are many reasons why people decide to sell their week of timeshare or vacation ownership: health problems, a change in their financial situation, age, or a change in lifestyle when the children grow up and are no longer vacationing with the family. While it doesn’t really matter why people choose to sell their week, it makes timeshare weeks more affordable to buy on the secondary market instead of buying directly from the developer.

The promoter has incurred marketing costs, sales force recruitment, and other advertising and administrative costs that are passed on to the consumer, thereby increasing the price you must obtain when selling your timeshare.

Resales of brand name properties like Hilton, Marriott, Wyndham, and Westin Starwood provide particularly good value compared to their original purchase price. The added benefit is that they provide excellent value while offering all the amenities and activities you expect from a luxury resort or hotel.

Let’s take a quick look at the benefits of buying a resale versus buying a timeshare interest directly from the developer:

• Purchasing a timeshare resale can literally save you thousands of dollars when you compare the original purchase price versus buying direct from the developer.
• Resales are an opportunity to enjoy vacation ownership in an area that you and your family like to vacation in year after year without worrying about rising prices for hotel-style accommodations.
• Reselling a vacation club can give you the opportunity to vacation in a variety of exotic destinations you’ve always wanted to visit, at a much more affordable price.
• Except in very rare cases, any and all ownership rights (such as membership in the resort’s HOA) are transferred directly from the current owner to you when you purchase on the resale market.
• Buying a resale on a brand name property will ensure a consistent, high-quality vacation at a much lower cost than buying directly from the developer.

In conclusion, vacations have been shown to be good for our health and provide us with quality time together as a family. While timeshare should never be purchased as a financial investment, vacation ownership is an investment in future quality vacations for your family and loved ones.

Timeshare resales are great value and could be the best thing you’ve ever done for your family!