In this economy, most families are learning to save pennies wherever they can. Fashionable consignment stores have sprung up in even the most metropolitan of cities, selling brand-name clothing at a fraction of the retail price. Other resale stores sell everything from sports equipment, furniture, and wedding dresses, to high chairs, electronics and kitchenware.
Depending on what you need, buying a used item saves money-sometimes as little as 10-15%, often as much as 50%. Timeshare properties are no exception. Owners are often looking to get rid of timeshares.
Timeshare developers accumulate significant marketing related expenses – primarily through costly timeshare promotions which offer free giveaways in exchange for consumer attendance at high-pressure timeshare sales pitches. Even if you don’t attend a timeshare presentation, when you purchase directly from a resort, you pay to absorb all of the administrative and marketing costs associated with the sale of the property. When buying from a current owner, you pay only the fair market value of the timeshare – a price that’s often 65 percent less than the developer’s price.
However, unlike buying golf clubs, the price for a timeshare also includes future debt- the amount of money you will be required to pay in the future – from annual maintenance fees to surprise surcharges that you might not expect. Regardless of where you buy, do your homework.
Filed under: Timeshare Resale | Tagged: buy timeshare, get out of timeshare, Get Rid of Timeshare, Maintenance Fees, sell timeshare, special assessments, timeshare debt, timeshare developers, Timeshare Relief, timeshare resorts |