Timeshare Resales - Buying Timeshares On Resale Market Or Online
Buying timeshare resales online or on the resale market rather than directly from the developer can have its advantages and disadvantages.
Purchase Used Or & Buy Directly From The Developer?
Like most things that are able to be bought a sold, a timeshares can be purchased new from the developer, or used on the resale market or online markets such as eBay and Craigslist for a fraction of the cost of a new one purchased directly from the developer.
No matter which way you decide to go about buying your timeshare it is definitely best to do your research first because both ways of purchasing timeshares come with some pros and some cons, which will be outlined for you below.
Pros Or Upsides Of Buying On The Resale Market
Buying a timeshare on the resale market can definitely have its pros. What are the pros and cons of buying timeshare resales online or on the resale market vs buying from the developer directly?
First of all, as long as you have access to a computer and the internet you can shop for timeshare resales that you would like online from anywhere, which means you don’t have to go and sit through hours of a high pressure sales pitch!
The biggest and most obvious pro of buying your timeshare through the resale market is going to be the price however.
Because you are buying your timeshare resale instead of directly from the developer, you are going to be looking at huge savings... often finding deals where you pay only a fraction of what it originally retailed for. Good news for buyers, bad news for sellers!
Cons, Or Downsides Of Buying On The Resale Market
Although the thought of purchasing a timeshare on the resale market or online and saving yourself thousands of dollars may sound appealing, don’t think doing so comes without risks or downsides!
Most timeshare resales transactions, whether through a resale company or an individual person, are going to be done online and/or through mail, fax or phone.
You need to be aware that by purchasing a timeshare resale online, through a third party service or company, or even through a private party, you do run the risk of of getting scammed and losing every single dollar you spend.
That being said, it is highly encouraged to hire a title company to make sure the title of the timeshare that the timeshare resales that you would like to buy are free and clear before you purchase from a third party.
Also, because developers want you to buy timeshares directly from them and not on the secondary resale market, you need to make sure that there is no right of first refusal in the original owner’s contract before you purchase your resale timeshare.
If there is then you run the risk of the developer taking legal action to prevent the owner from selling it to you.
And last but not least, a lot of developers will also make it to where some of the perks, amenities and benefits aren't transferable to someone who purchases their timeshare on the resale market online or through a third party.
This can be a lot to take in, and can vary drastically from company to company, so you might want to consider hiring a reputable timeshare broker to help you to better navigate through the process.
At the end of the day, there is no "right" or "wrong" way to buy a timeshare, but rather weighing out the pros and cons of buying timeshare resales on the resale or online markets vs buying directly through the developer.
It ultimately just depends on whether it is more important knowing that you spent more than you had to, but have peace of mind knowing exactly what you purchased by purchasing through the developer directly, or if you would rather save thousands by buying your timeshare through the resale market online, but run the risk of being disappointed with your purchase if something goes wrong.
Visit the following page for more information about buying timeshares directly from the developer or vacation resort.
Whether you buy timeshare resales online, or purchase timeshares directly from the developer or resort, props to you for wanting to better your life, and the lives of those who would come with you, when you go on these amazing vacations and make memories that will last a lifetime.
Need help understanding your timeshare better? Visit our FAQ Page on timeshares.