If you want to enhance the way you vacation and enjoy endless savings while doing so, consider buying a timeshare resale! You can find tons of spectacular timeshare resales on the secondary market from top vacation clubs like Disney Vacation Club, Marriott Vacation Club, and Hyatt Vacation Club. Hence, you can discover timeshare resales in some of the most sought-after vacation destinations like Hawaii, Orlando, Mexico, and more! So, if you’re ready to change how you vacation, continue reading to learn what it means to be a timeshare owner and how you can save money by buying on the timeshare secondary market.
What Is a Timeshare?
Before we dive into facts about the secondary timeshare market, it’s vital to establish what a timeshare is. Timeshares are a great way to guarantee that you will have incredible vacations year after year. Whether you own points with a vacation club or a fixed week at a resort, the timeshare industry offers endless possibilities for making fantastic vacation memories.
Depending on the developer and resort, timeshares can be either deeded or non-deeded properties. Deeded timeshares mean the timeshare is owned for life and can be gifted to a loved one. Non-deeded contracts, known as “right to use,” have a defined expiration date. Timeshares rarely appreciate in value, so it’s important to note that they shouldn’t be considered an investment.
What Is the Timeshare Secondary Market?
So, what is the timeshare secondary market? In short, it’s where timeshares are sold by owners who no longer want or use them. Since timeshares don’t appreciate value, buyers can get a great deal when buying resale timeshares.
Some top timeshare brands and vacation clubs are on the market, so it’s easy to find an incredible resort to own. Hence, timeshares from brands like Club Wyndham and Hilton Grand Vacations (to name just a few!) can be purchased at a highly discounted rate on the secondary market.
Sometimes, the member benefits of specific timeshares can be transferred to the new buyer, even though they weren’t purchased directly from the developer. Be sure to ask about what perks transfer when speaking to a resale representative.
Perks of Buying Timeshare on the Secondary Market
How much is a timeshare? Well, one of the biggest perks of buying a timeshare on the secondary market is the potential to save hundreds, even thousands, of dollars. As we mentioned, you can buy a timeshare resale from some of the best companies in the world for a fraction of the price! In the long run, timeshares help families save so much money on vacations. Think of thousands of dollars you could spend on hotel rooms over the years. There are also rentals available for timeshare resale, so you can see for yourself what makes timeshares so great before committing.
Another benefit of buying a timeshare on the resale market is that you don’t need to leave your house to start the vacation ownership process. The secondary market is super convenient because it is easily accessible from home without even going on a tour. You won’t need to sit through hours of a timeshare presentation. You can browse resales on your own time and in the comfort of your home.
Lastly, the resale market is great for adding to your existing vacation ownership. The secondary market is an excellent option if you already own a timeshare and want to add weeks or points! Owners can add more vacation time for a fraction of the price.
Cons of Buying on the Timeshare Resale Market
Although the timeshare resale market can save you thousands, some restrictions and benefits don’t transfer over. Each vacation club has different resale limits, so it is essential to consider restrictions before buying a timeshare.
Wyndham timeshare resale restrictions are minimal, but they are worth knowing. For example, Club Wyndham Access points can be used to book a deeded Wyndham resort outside the Club Wyndham network, but you have a different booking window if you purchase them from a resale market. Hyatt Vacation Club doesn’t allow resellers to trade into Hyatt’s Gold Passport Program. On the resale market, Hilton Grand Vacations owners cannot qualify for Elite, Elite Plus, or Elite Premier Status.
So, is a resale timeshare worth it? Even though that decision is ultimately up to you, we believe the restrictions will help your vacation experience. Although buying a timeshare directly from the developer doesn’t have restrictions, with a resale, you still get to experience fabulous accommodations and resorts while saving thousands. If you are on the fence, making a pros and cons list can help you determine which route to take.
What to Look Out for When Buying or Selling Resale
Unfortunately, there are a lot of scams within the realm of timeshare resale. There are people out there who are looking to take advantage of timeshare owners. Luckily, many red flags are instantly recognizable as common timeshare resale scams.
If you receive a call out of the blue from someone saying that they have a potential buyer for your timeshare, use caution. If you have not reached out to anyone about selling your timeshare, the call is probably a scam. Legitimate companies within the secondary market will never call about your timeshare unsolicited. In fact, it’s against the law and goes against the Member Code of Ethics. ARDA and its program at ResponsibleExit.com are great resources for finding trustworthy and legitimate resale companies.
If any “timeshare exit team” encourages you to stop paying your timeshare maintenance fees, this is a HUGE red flag. You should never stop paying your timeshare fees and dues. Failure to pay your maintenance fees can negatively affect your credit, and you may default on your ownership.
Selling on the Timeshare Secondary Market
Keep in mind when selling your timeshare that it’s unlikely you will sell it for as much as you paid for it. A timeshare is a luxury product, so much like cars and boats, timeshares do depreciate in value. However, don’t let this deter you from selling! Plenty of people are searching the secondary timeshare market for weeks and points.
If you’re ready to sell your timeshare week or points, the process is straightforward with Timeshares Only. When you contact us, we’ll gather all the details about your ownership to make the most effective ad possible. We can also help you set the price. We help market your timeshare and get the right eyes on your ad posting. When a buyer is ready to make an offer, we will help you with the following steps! We can recommend a reputable licensed real estate broker to help with the closing process.
Timeshares Only is a member of ARDA and has an A+ rating on the BBB as an Accredited Business. We’ve been helping timeshare buyers and sellers with timeshare resale for over 30 years.
Contact 1-800-610-2734 today to sell with us!
Voyager Pass
While you’re waiting for your property to sell on the secondary market, Timeshares Only has a way that you can continue to get some value off of it: Voyager Pass! Voyager Pass is a travel club that offers several unique monetization opportunities for owners who no longer use their timeshare property. The Voyager Pass converts your vacation ownership into credits and discounts for hotels, resorts, and more. Your timeshare resale specialist will walk you through the Voyager Pass Credit system.
Buy Timeshare Resales with Timeshares only
Are you ready to buy a timeshare on the secondary market? If so, you’ve come to the right place! Our resale marketplace has timeshares for sale at all the top resorts. Browse our selection of timeshares for sale. Then, when you’ve found one you love, simply make an offer!
Don’t worry if you have questions because Timeshares Only is here to help! Our team of timeshare experts has the connections and experience to make this process seamless, so contact us! Call 1-800-610-2734 today!
Rent from Timeshare Owners to Try Before You Buy
If you are still determining if vacation ownership is right for you, renting is a fabulous solution. On our marketplace, you can find timeshares for rent at resorts in Hawaii, Colorado, and more. Browse our timeshares for rent, and press “reserve” when you’ve found your perfect rental! Call 1-800-610-2734 today for assistance!
