Tips on Buying a Timeshare Resale

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Have you ever bought an inexpensive car only to find that upkeep and dissatisfaction made it more expensive than if you had just bought a better one in the first place? The same is true in timeshares. The “satisfaction quotient” of a timeshare will actually be determined by your buying the right one in the first place. This is true whether buying a developer’s timeshare or a resale. The only difference is that you will buy the resale for one third to one half the price. Consider the following attributes when purchasing:

The Location. Is it in a demand area? Can you walk to shops, restaurants and other off-site amenities? Does it have major attractions close by? The property on the beach is better than the property a block back. Some resorts feature solitude and a “get away” location with great views of the wilderness. What will suit your lifestyle and desires?

The Design. Was the project a motel conversion or purpose built? Some motel conversions are excellent. Others result in turning a substandard motel into a substandard timeshare. Is the property a mix of Studio, One and Two Bedroom units? Is it attractive and well laid out or...

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