What is the best time to rent or buy a timeshare

I'm new to Red Week and to the whole timeshare scene. I'm very interested in either renting or purchasing a resale timeshare in a certain location this summer (popular summer resort area). I have looked at the adds for both and wonder if they may come down in price as the "red" season approaches (interested in 2nd or 3rd week of July). The rents look very high. I appreciate your opinions, thank you.

johng1117 wrote:

I'm new to Red Week and to the whole timeshare scene. I'm very interested in either renting or purchasing a resale timeshare in a certain location this summer (popular summer resort area). I have looked at the adds for both and wonder if they may come down in price as the "red" season approaches (interested in 2nd or 3rd week of July). The rents look very high. I appreciate your opinions, thank you.

Have you looked at the Bargain Basement timeshares for sale on Redweek and Tug .... many people are giving away their timeshares in this economy as many can no longer afford the yearly maintenance fees.

As far as renting a timeshare a contract should be in place stipulating the terms of the rental and signed by both the owner and the renter. You can 'search forums' for a sample rental contract.

I would imagine that most rental and sale prices are negotiable.

Thank you for the response. I have been keeping a close eye on red week and other sights. I'm looking for a popular week, the week after the 4th of July. I haven't seen any great deals for that time frame yet (in Newport RI). I just wondered if rents would go way down as the week gets closer. Thanks again

I own a timeshare, but want to sell it to use for moving to Maine. Who actually can work with me to sell my timeshare? Thanks.

jamesa533 wrote:

I own a timeshare, but want to sell it to use for moving to Maine. Who actually can work with me to sell my timeshare? Thanks.

First and foremost, never, ever pay anyone a large, upfront fee to sell, rent out, market, or "cancel" your timeshare.

I know there are some licensed real estate brokers at ltrba.com and will only charge you a commission after the sale is finalized - no upfront fees. However, they charge a minimum $1000 commission and, chances are, your timeshare is not worth that much on the resale market. They likely will be upfront and honest with you before taking on selling your timeshare, telling you that yours is just not worth their time.

If that's the case, you can easily sell it yourself. Advertise it on reputable resale websites such as here on RedWeek, My Resort Network, Bidshares (free, but not very effective), Craigslist (again, free but be prepared for a bunch of spammers and scam attempts), or E-Bay.

Also, Timeshare Users Group (aka "TUG"; tugbbs.com) has a Bargain Deals section where, for free, you can advertise that you want to give your timeshare away. Just follow the instructions at the top of that page.