o, you want to buy a of their original purchase price.
timeshare and pay as little
as possible. Do your homework. Are you seeking
to own a timeshare simply for
Rule number one – Don’t buy from exchange purposes or do you
a developer unless it is a intend to use the resort? It
genuine closeout. The first really does make a difference. If
timeshare I bought was from a you are seeking a timeshare for
developer that had sold out his exchange it is important to
resort and had a few weeks understand the rules of the
remaining that he wished to “blow exchange companies (the two
out” so he could start a new biggest players in the industry
project elsewhere. I paid $1900 are RCI and Interval
for a week that in the previous International. Each has similar
year was being sold for $16,000 rules concerning exchanges. As a
by the same developer! Don’t be general rule, last minute
fooled by sales tactics on exchanges are “first come, first
timeshare tours where they start serve”. It makes little
out very high on the price and difference whether you are
then magically find ways to keep trading an expensive high season
lowering the price until you feel week or an inexpensive off season
that it’s a deal you can’t week. So, that week you buy on
refuse. Up to 60% of the cost of ebay for $100 may do the job as
a timeshare is marketing costs. well a $10000 high season week if
It is not uncommon for a you have the flexibility to
developer to hire a marketing travel on short notice and choose
company that takes 50% of the from a variety of resorts and
sale proceeds. Sadly, in spite of areas available.
promises made by salespeople,
most timeshares resell for 20-50% On the other hand, if you want to
exchange into top notch resorts Contact the resort and inquire
in high season it becomes more about the unit and week you are
important to own something that interested in. As the new owner
is in high demand. Exchange you are liable for any back
companies operate under the taxes, unpaid maintenance fees
principle of “comparable and assessments. Do a search on
exchange” meaning they try to the internet for “timeshare user
match the vacation experience groups” and search for the resort
provided by what you own to where you are interested in to see if
you exchange to. So, if you owned there are any problems you should
a 2 bedroom, 2 bath condo at a 5 be aware of.
star resort in Vail Colorado in
the peak of season a comparable Another source of inexpensive
exchange would be to a 2 bedroom, weeks is from homeowner
2 bath, 5 star in Cancun, Mexico associations at resorts. Contact
in February. resorts you are interested in and
inquire about homeowner
In other words, you have to association weeks for sale. These
tailor what you purchase to the are weeks that are owned by the
vacation experience you are homeowners usually because they
seeking. Read everything you can were signed over to them in
at authority sites such as exchange for releasing the owner
www.tug2.org and www.redweek.com. from back maintenance fees and
taxes owed. Usually the
Where to buy? Two great places to association only wants to recoup
start are www.ebay.com and the back fees owed and is not
www.bid4assets.com. It is not terribly interested in making a
unusual to find timeshares for profit. See if the resort has a
under $100. The important thing website for owners. There will
is to know what you are buying. usually be weeks listed for sale
there. If there is an owner’s is managed and experiences that
forum it will provide you with a owners want to share.
window on how well the property
About the Author:
Dan Palmer runs a website where people can list their timeshare for sale or rent. You can see current listings or place a listing here: http://www.timesharelisting.net
email: admin@timesharelisting.net
Read more articles by:
Dan Palmer
Article Source: www.iSnare.com 
