How to Buy a Timeshare

how to buy timeshares

If you love vacations (and who doesn't?), you might be starting to realize that timesharing makes a lot of sense. Vacation ownership has a lot to offer: it can save you money, enhance your vacation experience, and widen your horizons when it comes to travel. If you are looking into buying timeshare, it won't take you long to realize the resale market is the way to go if you want to save money — but figuring out how to buy timeshares can still be intimidating. To help you out, we've broken it down into a simple three-step process:

  1. Choose what you want to own.
  2. Make an offer on your desired timeshare.
  3. Work with the owner to finalize a price and work through the closing process.

It's really that easy! But if you'd like more guidance in how to buy timeshare resales, keep reading for more detailed information. Also note that if you'd prefer the help of a licensed real estate agent or timeshare broker, we can refer you to our affiliated brokerage division, Timeshare Broker Services. With their help, the three step process becomes even simpler as they will handle a great deal of the work for you! Call us now for immediate assistance — 1-877-815-4227 !

How to Buy Timeshare: Step 1

Choose What You Want to Own

Our guide to the best timeshares to buy is a great resource if you aren't sure what you are looking for. This helpful report (available in PDF format) lists the top 100 timeshare resales based on which resorts generated the most offers on our site in the last year. Popular resorts are often popular for a reason; this list includes name brands like Disney. Hyatt. and Hilton .

You can also search our inventory of timeshares for sale to get an idea of what is available and at what price which can impact how you buy a timeshare (for instance, you may need financing if you can't cover the cost upfront). You can also filter our search results based on the category of vacation you want: ski resort, beach vacation, or family-friendly. Whatever you know you want, start there, and when you come across specific resort options, research them.

You might think that once you pick a resort, you'll be limited to traveling there—but usually, that's far from the case. Depending on the type of ownership you purchase, you might

have a multi-destination membership with points instead of a week, a week at a home resort that can be exchanged for other resorts within your network, or maybe even an affiliation with RCI or Interval International, meaning you can trade your timeshare for vacations across the globe.

If you are the kind of person who prefers to try before you buy. you might consider renting timeshare at locations you're interested in first; we have a great inventory of timeshare rentals available for you to try before you worry about how to buy timeshare.

How to Buy Timeshare: Step 2

Making an Offer on Timeshare for Sale

Once you know what destination you want or which resort, you'll want to click the link below to browse our inventory.

When searching for the timeshare you want to buy in our inventory, be sure to read any and all details, and take note of things that matter to you like the view, maintenance fees, etc. Compare the timeshare you want to other similar properties and decide how much you are willing to pay. Similar to traditional real estate, when you make an offer, the seller may counter-offer; so keep this in mind when you make your initial inquiry. Your offer will go directly to the timeshare's owner — unless of course you or the seller has elected to work with a licensed timeshare real estate agent (experts in the arena of how to buy timeshares!)— and from there on out, you'll be working with them.

Keep in mind that your initial offer isn't binding. It's just the doorway to starting negotiations!

How to Buy Timeshare: Step 3

Finalizing Your Timeshare Purchase Transaction

Once the owner gets back to you, they may outright accept your offer, or you may need to negotiate a little bit. Either way, when you land on a price, you'll start going through the closing process. We can recommend a licensed closing company for you, or you can go through another closing company of your choice. Keep in mind that, typically, the buyer pays the closing costs.

The closing process can seem complicated, so we have created a separate page that explains the process in detail. Click the following link to learn more about timeshare closings .

Once the closing is finalized, you'll receive paperwork confirming that you're the new owner, and you'll be ready to start taking advantage of your new timeshare!


Category: Forex

Similar articles: