Are you an avid vacationer looking to save money on vacations? If so, then a resale timeshare might be for you! Whether you’re looking to travel to Orlando, Hawaii, Mexico, or beyond, there’s a timeshare out there for everyone! And with a timeshare resale, you can save thousands instead of buying directly from a developer, resulting in lifelong vacation cost savings. So, if you’d like to enhance your vacations, continue reading to get the full scoop on how to buy timeshare resale!
Understanding Timeshare Resale
What is a timeshare?
A timeshare is a shared vacation property where multiple people have the right to use the property each year at different times. They are larger than your standard hotel room as they can include a full kitchen, living room, dining room, in-unit washer/dryer, multiple bedrooms, and more. Timeshares are usually in resorts and offer owners the opportunity to utilize resort-style amenities. Lastly, owners are guaranteed vacations yearly at their timeshare property, making vacation planning less stressful.
Furthermore, with an ever-evolving timeshare industry, the flexibility in vacations is increasing. Instead of fixed-week timeshares, many timeshare buyers opt for the flexible points-based timeshare ownership system.
So, continue reading to learn more about the types of timeshares.
Types of Timeshare Resale Opportunities
If you’re in the market for a timeshare resale, you might have noticed that there are a lot of options. It can be hard to differentiate between the types of ownership available to you. Here’s a breakdown of the top three types of timeshares.
Fixed Week
Fixed week timeshares are the “traditional” timeshare offerings. Purchasing a fixed-week timeshare means you acquire usage of the resort for the same week each year. Recently, the industry has largely moved away from this type of ownership. Still, you can find fixed-week vacation ownership both in the retail and resale markets.
Floating Week
Floating weeks offer more flexibility than the fixed-week model of vacation ownership. Purchasing this type of timeshare allows you to visit the resort during any number of weeks within a specific season, depending on the resort’s availability. Typically, there are reservation windows in which an owner is expected to reserve their week.
Points-Based Ownership
Points-based vacation ownership is a concept most major resort developers have embraced. While staying at the same resort during the same week may work for some owners, many timeshare buyers want more flexibility. With a points-based timeshare, vacationers choose if they wish to use their points at their home resort or another resort in their network. Points work like currency. The number of points your timeshare is worth depends on several factors, such as the size and type of your unit, the frequency of usage, the season of ownership, and the resort’s popularity.
What is Timeshare Resale?
Timeshare resales are timeshares being resold by current owners who no longer wish to hold ownership over their timeshare. Buying a timeshare resale typically saves thousands of dollars compared to buying directly from a developer, resulting in life-long cost savings. Furthermore, some member benefits may transfer from the original timeshare owner to the buyer, making purchasing a timeshare resale worth it.
Benefits of Buying a Timeshare Resale
Timeshares come with a variety of owner benefits, and while with a resale, you may not receive all the benefits as the original owner, there’s still a lot to enjoy! Continue reading to learn more today!
Guaranteed Annual Vacations
Regardless of your vacation ownership type, you can relish stress- and hassle-free vacations with a timeshare each year.
Spacious Accommodations and Top-Notch Amenities
Unlike hotel rooms, owners can enjoy the luxury and extra space timeshares provide. Most villas or suites have a fully equipped kitchen, living room, dining room, in-unit washer/dryer, a balcony, and more! So, you can ditch the cramped space and say hello to home-like comforts while on vacation with a timeshare. Additionally, timeshares are usually located in resorts featuring a plethora of amenities. From spacious swimming pools to soothing hot tubs and fitness centers, you’re sure to enjoy your downtime at your timeshare resort.
Vacation Exchange Opportunities
Many timeshare brands, such as Disney Vacation Club and Hilton Grand Vacations, allow their owners to obtain a vacation exchange membership. Many developers partner with third-party vacation exchange companies to provide owners with nearly endless vacation choices. Popular exchange companies are RCI and Interval International. With that said, owners can trade in their weeks or points for stays at resorts across the globe. Do you want to travel to Mexico or the South Pacific instead? A vacation exchange company can help you do just that!
So, if you’re ready to buy, we’re here to help!
Why Buy a Timeshare Resale?
There are many reasons to buy a timeshare resale; the main reason is cost savings. A resale can save you thousands of dollars compared to purchasing a timeshare with a developer. So, if you’d like to save money on a lifetime of vacations, consider browsing the timeshare resale market and searching for timeshares for sale. While resale owners may not experience all the same benefits as the original owner, they can still relish savings, resort-style amenities, spacious accommodations, and more.
Next, let’s dive into some of the top timeshare brands!
Top Timeshare Brands
Browse the timeshare resale market to find timeshare from popular brands like:
In addition to browsing through top brands, you can search by top destinations!
Some Top Timeshare Destinations
So, once you found the perfect timeshare brand and location, it’s time to start the timeshare resale buying process!
How to Buy a Timeshare Resale
Step-by-Step Guide to Buying a Timeshare Resale
The timeshare resale process is as easy as one, two, and three. Continue reading to learn the steps!
- Search for timeshares and filter by season, points, week, resort, and more.
- Make an offer through online forms or call us to get started.
- Close the deal with our recommended resale brokerage.
See? As easy as that! Our timeshare experts will handle the closing process with the help of our recommended resale brokerage and licensed real estate agents at Fidelity Real Estate.
Navigating the Buying Process
Learn about the Right of First Refusal and how it can affect your timeshare resale offer.
Understanding the Right of First Refusal (ROFR)
When you purchase a timeshare resale, it’s vital to understand the right of first refusal clause. The clause is embedded in every timeshare contract, allowing the developer to reclaim the ownership before it is sold to a new owner. With that said, your timeshare specialist will handle all communications with the developer and let you know if they waived or exercised the ROFR. On the rare occasion that the developer steps in, you can browse our marketplace again to find the timeshare that works best for you!
Financing Your Timeshare Purchase
Not ready to pay the costs upfront? No problem! Timeshare financing is the solution. You can get timeshare financing for most top brands and resorts with Vacation Club Loans. Apply today and get pre-qualified with fast loan approval, low interest rates, and no prepayment penalty! And, when you can make an offer, you can pay that amount over time rather than all at once.
So, now that you’ve gained insight into what a resale timeshare is, how it works, and how to buy, consider working with a reputable timeshare company like Timeshares Only for your timeshare needs.
Buy Timeshare Resale with Timeshares Only
Are you ready to buy a timeshare? If so, you can browse our wide selection of featured timeshares for sale on our marketplace today! Whether you’re looking to surf the turquoise waves in Maui or ride thrilling theme park coasters in Orlando, there’s a destination for everyone! And by working with Timeshares Only, an accredited member of ARDA with an A+ rating from the Better Business Bureau, you’re in good hands to find your new vacation dream home.
If you are unsure if timeshare ownership is right for you, consider renting one instead!
Rent a Timeshare
If you’re unsure if a timeshare resale is for you, you can rent a timeshare, too! Renting allows you to try before you buy without the ownership commitment. Check out our timeshare rental market below! If you need help with buying or renting, call us at 1(800) 213-7733 or email [email protected]. Our resale consultants are on standby for all of your needs!
