According to Timeshares Daily, American currently own 1.5 million timeshares across the globe, and over half (870,000 units) are available as timeshare resales.
The sheer oversupply of timeshare units in the market stifles any ability for individual owners to resell their timeshares. Day-to-day demand for shared vacation property tends to be rather low as well. The combination causes many sleepless nights for owners who wish to sell and sell fast.
This is why Timeshare Relief advocates that Friends Don’t Let Friends Buy Timeshares. Getting in is easy, but getting out is near impossible going it alone.
Many owners quickly think of renting their units instead of selling. While it sounds like a good idea, the same forces that prevent resales also create a hyper-competitive timeshare rental market. This is good for people looking to rent. There are deals-a-plenty to four- and five-star timeshare resorts where owners rent for less than their annual maintenance fees just to make sure they get back some return for the year.
Before renting from a company or individual, be sure to do your due diligence as best you can. It’s one thing to gather facts before your vacation rather than at the front desk of the resorts thousands of miles from home.
It’s a great way to save money on lodging especially if you have larger groups. Most of the units have kitchens and larger suites. Just be sure not to be coerced into attending the timeshare presentation while you are there. It’ll be worse saying “No” while in the room.