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Re: Rent vs. Resale (by Phil L.):

andrewj35 wrote:

Today I have had an education in renting/selling. I belong to a point based system with 20 resorts and am interested is selling. Before doing this I talked to three people in the industry. The best advise I have received was from within our organization. Don't sell. hold the property, do rentals or sell the points Renting will cover your maintenance fees and selling the points will cover most of it... Try and do a break-even (or close to)for 5 years and the price should be much better (we all hope).

But I like the idea of rent with the option to buy...

Andrew it sounds like good advice because prices should go back up sometime.

My advice would be the same if you own a resort you love using and it is worth keeping to you.

Many owners that can still pay their payments and fee's will regret it later when prices do go back up and they sold for almost nothing. How would you like it if you spent $10,000 and now sold it for couple thousand. Three years down the road and your wishing you had it back at vacation time and might re- buy at higher price again.

People that just want to dump their timeshare even though they can still afford it should have never bought in the first place.

If you read sales ads you will notice most of the best resorts don't pop up on these giveaway list often. When they do it is off season /swing season. These seasons you can always find good prices on resale anyway!

People believe all timeshares are now worthless and this is far from true (IMHO) because you can go on e-bay and find cheap deals. Most are also cheap timeshares to start with or off seasons. There are thousands of timeshare owners out there that own and love their resort and plan on using it which is why they bought it!

You might run your ad on Craigslist free and write all your details of option to buy and list it in your resort area!

Do be careful though and have all e-mails go through Craigslist. This way you pick who you want to contact.

PHILL12