Answering Your Most Common Timeshare Resale Questions
November 1st 2023 Posted by: SellMyTimeshareNow SMTN Category: For Buyers

Answering Your Most Common Timeshare Resale Questions

There are certain timeshare questions we get time and time again that we’d love to answer for you! With two decades of experience in the timeshare resale industry, we have the knowledge and know-how to guide you through the process. Here are some of the questions we are asked the most about buying a timeshare resale or timeshare ownership in general.

The Timeshare Answers You Are Looking For

But first, what is a timeshare resale?

If you are unfamiliar, a timeshare resale is a timeshare that is purchased through the secondary market rather than directly through a resort developer. Our entire inventory of timeshares for sale are vacation ownership properties that are advertised by-owner, and as such, are considered resale properties.

What are the Perks of Buying a Timeshare Resale?

One of the major perks of buying on the resale market is the significant discount you’ll get on the property. When you buy a timeshare directly from the developer, they tack on hefty sales commissions, taxes, and other hidden fees that drive the cost of the timeshare up. But on the resale market, you will only pay the true cost of the property. This results in thousands of dollars in savings, upwards of 70% off! Other significant benefits include:

  • The ability to avoid a high-pressure sales presentation at the resort
  • Shop inventory from the comfort of your own home, using filters to narrow down specifics like location, brand, price, amenities, unit size, and much more to find the perfect timeshare for you
  • Ability to talk with our independent timeshare resale specialists for help and insight on the buying process and finding the right timeshare for you

Are There Risks to Buying a Timeshare Resale?

This depends on what you want out of your timeshare ownership. A lot of the time, people are interested in timeshare ownership, but the price is outside their budget. But sometimes, people are interested in timeshare ownership for specific benefits, and not all transfer when buying resale. This includes aspects like certain vacation club membership benefits, internal exchange opportunities, or specific timeshare porints value.

This varies greatly by brand, so be sure to talk to our independent timeshare resale specialists about what does and doesn’t transfer to ensure you get exactly what you want out of your ownership.

What Should I Look for When Shopping Timeshare Resales?

When browsing through resale inventory, there are certain things to focus on to help determine what you want out of ownership:

  • Vacation club or resort brands, this can dictate internal exchange opportunities and other benefits
  • Location of the resort, if you are interested in visiting a specific destination regularly
  • If the timeshare is affiliated with external exchange companies, like RCI or Interval Interantional. Buying an annual membership with one or both of these companies gives you thousands of additional travel opportunities worldwide
  • What type of ownership the timeshare is. Deeded means you own the property for life, whereas Right To Use is ownership under a contract for a set amount of years
  • Whether the ownership is fixed or floating weeks or even points-based, so you can choose how you travel and what flexibility you’ll have
  • What amenities are offered on the resort and in the units. Ensure you have a large enough suite for your family and that the resort offers any conveniences and luxuries you’d like to have access to
  • How much the maintenance fees are. All timeshare owners pay annual maintenance dues that cover various factors that keep the resort up and running

Are There Closing Costs When Buying a Timeshare Resale?

When you buy a timeshare through, there are closing costs that are typically paid by the buyer. When finalizing the purchase of your new timeshare, our experts will refer you to a trusted closing company that will help handle all the legal paperwork and make the whole process seamless for both you and the seller.

For answers to other timeshare financial questions, visit our timeshare financing FAQ page.

Contact Us With More Questions

We hope this helped to answer some of your burning timeshare questions, but we are available at any time to assist you and answer any questions that may come up. Find more answers on our resale FAQ page or call us directly at 1-877-815-4227.

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