How to Save Money on Timeshares?

Answer 1

Sometimes the original owner of a timeshare grows tired of the property, or no longer wants it due to personal reasons. In this case, the potential buyer might get a great deal that saves them thousands in the long run. Beware of deals that seem too good to be true, however.

Step 1. Create a list of locations that the timeshare must be located in. Also, know exactly what amenities and weeks the timeshare must have for you to consider purchasing it. Some timeshares are limited to certain weeks in the year. This can raise or lower the price. For example, if the timeshare is beach front property and limited to weeks in the dead of winter, the timeshare will be considerably cheaper than if the weeks were mid-summer. Timeshares like this can be very attractive to people on a budget, but incredibly unattractive to those looking to enjoy seasonal activities.

Step 2. Find reputable realty companies that deal in timeshares. The ’reputable’ part is important, since illegitimate timeshare companies can disappear with your money months or even years after the purchase. Speak to a sales representative or simply browse their website to inquire about their timeshares.

Step 3. Once you have an idea of the appropriate prices based on location, size of the timeshare and other factors, review advertisements in the local or national newspaper. The key is to compare as many timeshares as possible. Eventually, you are bound to come across a decent or even fantastic timeshare deal.

You may want to take into consideration how likely the property is to become damaged by mother nature, since timeshare companies often pass along those restoration fees to timeshare owners.

Step 4: Last but not least, once you’ve become a timeshare owner, take care of the property. Sometimes companies charge significant fees to clean up after visitors. In addition, it’s advisable to never let other people use the timeshare. If they damage the property, they are not the ones responsible for the bill.