Does anyone buy timeshares

Investments are designed to appreciate in value, generate income, or do both. A timeshare is unlikely to do either, despite what the salesperson says.

The huge volume of used timeshares on the market, the appeal of buying new versus used, and the marketing muscle of the firms selling new timeshares all work against the idea that you will make a profit reselling your used timeshare. Thus, selling for a profit is an uphill battle considering you need to convince someone to pay more for a used unit and factor in all the fees you paid over the years.

The very nature of the sales process should be a hint about the reality of the issue. Have you ever heard of a mutual fund , municipal bond , or any other investment that offered you a free weekend in Miami just for giving the product a try? A timeshare is not an investment, it's a vacation.

It's also an illiquid asset that is likely to lose value over time. Ultimately, timeshares are like swimming pools, if you buy one, do so because you love the idea of owning it, not because you expect to make a profit. If you do take the plunge, remember that you are buying a repeatable vacation. If you have found a vacation destination that you absolutely love and want to return to every year and have decided that a timeshare is a perfect way to achieve your goal, go ahead and buy one.

But buy it used. Current owners that are tired of the maintenance costs, tired of the destination, or have grown frustrated with their efforts to trade their slot so that they can visit a different destination may be willing to give their timeshares away at a fraction of the original cost.

Just search "timeshare resale" and you'll see dozens of offers that will let you choose less expensive timeshares in locations from Florida to Saint Martin. Buying used gives you all the benefits of ownership at the fraction of the cost. Even if you choose a more expensive unit, you can save money by financing your purchase with a personal loan, which should offer you an interest rate that is considerably lower than the rate the timeshare company charged the original owner. Like any major purchase, the decision to buy into a timeshare requires careful consideration.

It involves a large amount of money up front and considerable recurring costs. You should ask plenty of questions and take your time making a decision. Federal Trade Commission. Real Estate Investing. Lifestyle Advice. Selling Your Home. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile.

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Develop and improve products. List of Partners vendors. People buy timeshares because the average cost is almost nominal in comparison to a lifetime of vacations. When you compare the average cost of a timeshare including maintenance fees! How much do you spend normally on your hotel? How many people normally accompany you?

Now, multiply this over the next 50 to 60 years. With the average cost of a timeshare, you will have already made up what you paid for and more!

Not only is the average cost of a timeshare much lower than your lifetime of vacations, but timeshare units offer much more space than the typical hotel. With a timeshare resort, units normally have private bedrooms, spacious living rooms, and a fully-equipped kitchen. Plus, you can even save on dining when you have the option to use a kitchen for home-cooked meals. Why do people buy timeshares? Because they can travel virtually anywhere with their ownership, not just the same place at the same time every year.

RCI and Interval International are the most popular vacation exchange networks with thousands of travel options across the world. Trade your timeshare for a cruise, or an exciting trip abroad. With our friends at Vacation Club Loans , buyers can finance their timeshare purchases for up to seven years. Vacation Club Loans makes it easy to pre-qualify with an easy online application and fast loan approval. Still wondering why people buy timeshares? The savings and perks are clear.

A timeshare is definitely worth it for families that want to travel frequently, and travel in comfort. Keep in mind, a timeshare is not a financial investment. There are many reasons why people buy timeshares. The savings, flexibility, accommodations, and more make buying timeshares worth it to families. For families or individuals that travel regularly, prefer a specific brand, and want to enjoy savings on a lifetime of vacations, timeshare is completely worth buying.

She specializes in writing, editing, search engine optimization, as well as graphic design and digital marketing. Mia's past experience is diverse, with a history of interning at UCF's own literary magazine, blog writing for local nonprofits and making weekly op-ed pieces for The Odyssey. She has lived in Orlando, Florida for 21 years and enjoys hiking, spending time at her local lake and being with her family. You must be logged in to post a comment.

Please enter your username or email address. You will receive a link to create a new password via email. Buy Timeshare By Brand. See All Brands. Buyer Tools. See All Listings. Timeshare Financing. The best timeshare financing services for buying a new timeshare, resale, or re-financing.

Learn More. Looking at the offers sent to resale postings throughout the site, we are seeing the most sales interest in the following regions, in order: Florida Caribbean primarily Aruba Hawaii California Mexico South Carolina Marriott Vacation Club Points Arizona Nevada Colorado Of course, those locations roughly align with where we have the most inventory. Happy selling! Facebook Twitter E-mail. Michael A. Debbie L. Jul 11, How to add rentals to my daily emai list that I might be interested in renting.

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