Archive for Buying Timeshare

Don’t Get Scammed When You Buy a Timeshare

Steve:     When somebody’s looking to buy a timeshare, is there anything they really need to be careful of when they’re thinking about buying a timeshare?

Jason:    Well, you know, when you’re buying on the resale market, I think, really there’s two things you need to be cautious of: The first is you need to be knowledgeable. You need to understand what it is you’re trying to buy, you know. A lot of people, when they buy a timeshare initially from the resort, they don’t even really completely understand what it is they’re purchasing. If the timeshare property has a point system, they may not even understand how it works. So, once you’ve settled in on a destination and then ultimately a property that interests you, it really makes sense to take a little bit of time and research that property, look at reviews on that property, that developer. Make sure you understand their point system. Make sure you understand the benefits that are associated. Make sure you understand the fees, maintenance fees that you’re going to have to pay for that property so that you can make an intelligent, educated, informed buying decision.

I think one of the things to be cautious of when buying on the resale market is when you’re buying by them, the good news is you’re going to save a ton of money. The bad news is not every timeshare owner really understands what they have, like I was just saying and so, it’s important that you use when you go to closing and make that purchase, make sure you use a title company that specializes in timeshare resales so that they get in a letter from the resort so, that everything that you think you’re getting, you’re really going to get.

How Do I Buy a Timeshare

Interviewer: Hello and Welcome! Today we’re talking about Timeshare Vacation Ownership and I’m sitting here with Alan Hats who’s a real estate agent with REMAX and the owner of Premier Timeshare Resale.

Well, Alana. Let’s say I live in Florida and I just bought a Timeshare ski-week or I want to buy a Timeshare ski-week in say, Park City Utah, do I have to fly all the way over there to sign ownership documents and go through a closing?

Alana: Well, I mean, it would certainly be nice if you are able to do that. I would definitely encourage you to take a few days and take a break but, absolutely not. You do not have to be physically present to attend the closing for your Timeshare. In fact, 95% of the business that we do is done by fax and email and internet interaction. So, we use a title company that specializes in Timeshare closings. We will facilitate the closing. Everything will be sent to you either by fax, email or over night. So, it’s 100% safe and very easy.

Interviewer: Sounds convenient and simple. Thank you. We are Premier Timeshare Resale. You can locate us on the World Wide Web at www.premiertimeshareresale.com, or by phone: 18008618754 – extension 6100.

Why Buy on the Timeshare Resale Market

Steve: When we talk about the resale market and the opportunities that are there, why should somebody really buy a timeshare on the secondary market, on the resale market?

Jason: There’s really three reasons. One is definitely price. The truth of the matter is you’re going to pay less on the timeshare resale market. It’s very simple, you know. As I mentioned earlier, what you have to bear in mind is that the resort developers have to spend a tremendous amount of money driving prospects to their properties so that they can sell them at Timeshare. And it’s been said that on average 50% of a Timeshares price initially is spent on that marketing. So, once that timeshare property becomes available in the resale market, generally, you can look at savings of upwards of 50%. There are exceptions. There are some timeshares that are incredibly high in demand, other properties that are just really exclusive and depreciate less but, generally you’re going to save a bundle of money if you buy a timeshare on the resale market. There’s just no two ways about it.

I think the second reason to consider buying a Timeshare resale is you’re able to do it on your own terms, you know. You’re not sitting at a closing table being hammered by a salesperson, you know. We’ve all heard the stories about the Timeshare presentations. You have the opportunity to sit back, relax in your home, browse SellMyTimeshareNow.com in a relaxed setting and really make a decision: What is it you want to buy, when do you want to buy it and how do you want go about buying it? So, I think that’s a great-great thing to consider.

And I suppose the third thing is options. You know, typically when you’re in that initial presentation – that Timeshare presentation at a resort – you’re presented with particular property at that particular resort. Whereas on the resale market you can really spend some time and consider what is it you really want? The question you asked before: Are you going to hunt by destination or are you going to hunt by more the brand and the amenities offered? So, once you’ve made that decision the options are endless.