You may have noticed that resale timeshare prices are considerably lower than prices for new timeshares. When you buy new, the cost includes the developer's construction and marketing fees. Marketing generally accounts for nearly 50% of the sales price. By buying on the resale market you don't pay for the original marketing which can save you 40% or more. When owners sell a timeshare, they benefit primarily from use, not generally financially. It's like buying a new car, the minute you drive away from the dealership, the resale value drops. You balance that against the pride and pleasure you derive from owning and driving the vehicle. In much the same way, timeshare owners have enjoyed years of memorable vacations in their timeshare. However, because it is not new, its resale value will be less. When you buy a resale timeshare you will benefit both from its use and financially. Take into account too that prices are driven by supply and demand. This year's hot resort may lose its "nouveau" status five years down the road which will decrease its desirability in the market and, therefore, its price. Also, at resorts with thousands of owners, several timeshares may be on the market at the same time which will also keep prices lower. When you purchase a timeshare, you will realize a savings on vacation costs. Timeshares are generally more affordable than hotel rooms, meals, etc. and often provide more luxurious accommodations for a similar price. Purchasing a timeshare is much more than planning your annual vacation. It is an investment in your lifestyle and a promise of quality leisure time that you can look forward to all year long.
About Me
- Karen Phelan
- I have been involved in the timeshare industry for over 23 years, and am the creator of TimeshareGiant.com. Use my experience in the timeshare industry and the Timeshare Giant Blog, to learn more about the timeshare industry.
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Tuesday, August 28, 2007
Advantages of Buying a Resale Timeshare
Posted by Karen Phelan at Tuesday, August 28, 2007
Labels: buy timeshares, timeshare vacations
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