Friday, June 22, 2018

2018 Timeshare Resale: Buy or Avoid?

Would you like to have fantastic vacations for you and your family? You can enjoy memorable vacations for you and your family at popular destinations and top resorts, and you can prepay for these vacations at a low, affordable fixed rate so your finances are not affected significantly at one time by purchasing a timeshare.

Timeshare definition

What is a timeshare? A timeshare is a property that is shared and owned by multiple owners. A timeshare is also known as a vacation ownership because you will be planning ahead for many, many wonderful vacations. There are many excellent benefits to being a timeshare owner, but the number one benefit is that all budgets and incomes can afford and plan for annual vacations at luxurious resorts properties and their finances are not excessively burdened. There is no hands on maintenance required for your timeshare vacation property when you are a timeshare owner, which is another added benefit as all of the maintenance will be handled for you. You and your family can go straight to enjoying yourselves, and creating lasting vacation memories without having to ruin your valuable vacation time fixing and making repairs to the vacation property.

Timeshare Ownership versus Real Estate Ownership

Has someone mentioned timeshares to you and you began researching all you can to find out more about timeshares? Is a timeshare ownership a wise investment or should you invest in real estate property? We can help you with some valuable information to help you decide between investing in a timeshare ownership or a traditional real estate property. One of the main differences between a timeshare ownership and a traditional real estate property is that a timeshare ownership is shared and owned by multiple people and a traditional real estate property has one single owner. A timeshare will have multiple owners that will share the timeshare property and each of the owners will have an equal financial interest in the timeshare property. Each of the timeshare owners will each spend their individual vacation weeks or weeks each year.

Upkeep Costs Vary
A traditional real estate property owner has 100% access to the property at any time they choose. The owner doesn’t share the property with any other owners. Another major difference between a traditional real estate property and a timeshare ownership are the maintenance costs. If you are a timeshare owner, then all of the maintenance costs for the timeshare property will be divided equally between all of the timeshare owners. The maintenance fees for the timeshare property owners can range in price depending upon the property. They will usually start around $20 and can go up to $50 a month. These are small monthly payments for the maintenance fees that will cover the repairs, maintenance, and upkeep on the timeshare property and the units along with keeping the landscaping, amenities and grounds in good condition. Timeshare owners do not have to do any of the work themselves as it will be done for them. A traditional real estate property owner will have to pay for all the maintenance costs themselves and the owner will have to hire the work done or do it themselves, which will cut into any vacation time that you could be spending with your family.

Timeshare Resales: Buy or Avoid?

While you were researching timeshares did you come across timeshare resales? What is the difference between a traditional timeshare ownership and a timeshare resale? A traditional timeshare ownership is almost exactly the same as a timeshare resale. The difference between a traditional timeshare ownership and a timeshare resale is a timeshare resale is the timeshare property is being sold by the current owner to a new owner. The timeshare resale is not sold directly from the resort. A timeshare resale is often sold to the new owner at a discounted price, which is absolutely great for individuals that is on a tight budget. A timeshare resale is an affordable option for individuals wanting great vacations at the top resorts, too.

Timeshare Resale Scams: Beware!

Why is a timeshare resale sold at a discounted price? The discounted price is because there will be no marketing fees or sales incentive costs added to the price with a timeshare resale as they are with a traditional timeshare. Timeshare resales are sold at a discount of twenty percent all the way up to fifty percent less than the traditional timeshare that was sold directly from the timeshare resort. Timeshare resales will be sold at the current fair market value of the timeshare property, but without all the extra costs added to the bill. However, you must be wary about purchasing a timeshare resale as scams are very common with this type of purchase.

Timeshare Resale Scams [2018]

In 2018, the majority of timeshare scams are actually the direct result of a fraudulent third party fraudulent company that poses as a legitimate timeshare resale provider. They operate by scamming victims into paying an upfront fee or processing fee to start the process. Once the innocent victim has paid this fee, the timeshare resale scam company will lose all contact. Most timeshare resale scammers are complete fraudsters that do not even have a genuine timeshare resale product that they can legally sell. In order to avoid being scammed, protect yourself by only buying a traditional timeshare through a reputable timeshare provider. Always buy directly from the resort so you can securely invest your hard earned money.  Plan ahead for memorable vacations for your family with a traditional timeshare ownership investment.

Should You Use a Title Company with a Timeshare Purchase?

If you are wanting to purchase a traditional timeshare or a timeshare resale, then you should use a title company that is bonded and licensed to take care of the timeshare purchase and the paperwork that comes with a timeshare purchase. A professional title company will be there to walk you through all of the steps that occur when purchasing a timeshare purchase, and the title company will make sure the deed is professionally prepared, the funds are placed into escrow, the timeshare estoppel certificate is legit, and all the closing statements have been conducted. The title company will only you charge you one fee for all of these services listed above. Once the title company has conducted their services, the title company will then take the paperwork to a licensed attorney. The licensed attorney will review all of the paperwork and the title of the timeshare to make sure the sale is documented and legal. It is worth the cost to use a professional title company to ensure that your timeshare purchase will be legal.
After reading all the information above, have you decided to purchase a traditional timeshare? Take control of your vacation future right now and purchase a traditional timeshare today

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