Original Message:
Know what to look for when shopping for a timeshare ... (by Dwayne K.):
Hello,
I'm happy to hear that you have resold so many timeshares. I currently own one in Orlando Florida (Liki Tiki) that I bought from a developer, and I would like to re-sell it. Can you provide me with some insight on how to go about selling it?
Dwayne Montgomery 256-585-8336 dwayne.montgomery@hotmail.com
jayjay wrote:Timeshares can be great to own .... you just have to do your due diligence and know what/where you want:1. never buy from a developer (you, the buyer, pays his huge overhead)
2. buy on the resale market or from the Bargain Basement offers on Redweek (many ads ask zero dollars), but be aware of increasing yearly maintenance fees and possible special assessments (many people placing these ads paid several thousands of dollars to a developer when they bought initially)
3. buy where you wouldn't mind going every year since exchanging is a crap shoot
4. for instance .... if I wanted to visit family every year then owning a timeshare near them would be very beneficial
5. if I wanted to vacation in a certain type location (ie: beach/ocean, mountains, gaming/entertainment such as Las Vegas, lakes etc.) then I would look for timeshares in that type location
6. be aware that owning a timeshare can be difficult to unload in this economy .... you own it until it changes ownership
7. there are hundreds upon hundreds of nice luxurious timeshare resorts .... you just have to realize what you want and how much you are willing to pay
8. if we were still traveling (we're not), we would definitely look for the criteria above in a timeshare .... one, two or three bedroom and 2 or 3 bath unit at a resort is world's better than a hotel/motel room ....
9. we previously owned 9 timeshares weeks and we saw many areas of this great country that we would not have visited if it hadn't been for timeshare ownership (ie: Las Vegas twice, Sedona AZ, San Diego/southern CA, San Antonio TX etc. and we owned several that were in the mountains or on the gulf/ocean within a day's drive of where we lived at the time)
So, for us, timeshare ownership proved to be beneficial BUT we bought all but one on the resale market and we sold them for what we paid (the developer bought one we lost money on), however this was before the economic crash of 2007 when you didn't see timeshares being given away like you do today .... there are some fantastic deals out there ..... you just have to know what you want.