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How to Get the Best Deal on a Timeshare Resale
You’ve made the decision to purchase a timeshare resale—now it’s all about landing the best deal. Here’s how you can negotiate a great price. The size of the United States timeshare industry is massive. By some estimates, there are $11 billion poured into this industry every year. Almost 10 million US households own one or more types of timeshare products.
This actually means there is also a big market for timeshare resale and transfer negotiation. Many timeshare resale companies function exclusively by buying Marriott timeshare resales or Disney timeshare resale options.
If you want to break into this market, you’re in great company. It’s a buyer’s market! In this article, we will walk you through everything you need to know about how to buy timeshare resale options and get the most for your money.
Where Should I Look First?
The reality is that there are thousands of timeshare owners all out there trying to sell off their timeshare intervals. There are only a handful of buyers looking to buy one of these timeshares. This means that it’s a buyer’s market and you should have some degree of choice.
Most timeshare buyers have no idea that you will be able to purchase a timeshare from an existing owner. You can save thousands of dollars just by placing active resale ads online completely free. You are able to contact these owners on certain websites targeted at reaching current timeshare owners. We recommend first looking at timeshare resale listings here.
This has led to some timeshares being purchased for 99% off or even better. You just need to look for certain timeshare marketplaces, or even look on eBay. There are a variety of timeshares offered on this listing platform that sell for pennies on the dollar.
There are certain things you want to look for to validate a potential timeshare deal. Just because it is offered for cheap doesn’t mean it is not a scam. You will need to do your research as a buyer and ensure that the amazing deal you’re looking at is truly legitimate.
There are a variety of articles online describing set processes for evaluating resales. Also, look at forums for timeshare buyers to get a sense of the markers of veracity that signify a truly good deal.
The Hidden Process of Closing
Ultimately, purchasing a resale timeshare is not quite as simple as simply putting money down. You’ll need to go through an extensive process of closing. You want to determine how much the closing costs will be and whether or not any additional fees will need to be paid out to transfer ownership into your pocket.
One of the best solutions for this is to choose your own closing company. Other resellers may try to push you toward using their services, which leads to additional fees and money in their pocket instead of yours.
How to Find the Best Timeshare Resale for You
At the end of the day, purchasing a timeshare resale at a reasonable price is a lot easier than it sounds. By going online to special marketplaces and forums where you can interact directly with buyers, you can find a great deal. Given that it is a buyers market, this isn’t too difficult in today’s day and age.
If you enjoyed this article about timeshare resale agreement strategies, please check out the other articles on our blog!