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Here’s how to find a cheaper way to buy timeshares

By: giljo9

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There’s no other way around it. Timeshares are pricey. Let us clarify first what a timeshare is, it is a prepaid vacation. You’re basically paying for the use of an exclusive suit, room, or unit for a part of the year. You’re basically pre-paying your hotel bill every year for a vacation or a stay at the same place that you might not even be able to avail of.

A “new” timeshare would cost upwards of thirteen to fifteen thousand dollars excluding the monthly maintenance and membership fees, assessment fees and such. These fees can go up and down on the whim of the hotel management. A “pre-owned” timesharing deed or property of the same quality can go down to 30% less than the original selling price of one, often times, even lower.

The best way to acquire a timeshare would be to purchase one that is being resold by timeshare owners who can no longer pay their maintenance and assessment fees or have grown tired of owning a pre-paid vacation that charges them every year even though they don’t use it. If you get it from someone just reselling a timeshare, you can get as much as half the original sale price of the timeshare off on particular locations and timeshares.

Why are timeshares being sold for so cheap? Together with the current recession, more and more people are spending less and less on luxuries like vacations and timesharing. Everyone is feeling the crunch. There is now the urge to get rid of timeshares, but the problem with timeshares is that you can’t get rid of them as easily as you can buy them. The reason why timeshares can be offered at such lower prices when they are resold is because the market of buyers is so much smaller than the network of sellers.

It is just the basic economic concept of supply and demand; there is so much greater supply of unwanted timeshare properties than the demand for them. Therefore the price for the oversupply of unwanted timeshares gets lower and lower.

One of the bigger problems with timesharing is that it is deeded, meaning that it is something that you will most likely pass down to your children, meaning they would also inherit the responsibilities of paying for the maintenance fees that can only go higher and higher with time. People who worry about passing on this debt to their children are much more willing to negotiate on the price, not caring so much about what they paid for, but living in fear of what they would end up owing.

Even top timeshare reselling companies would offer a tenth of what the original timeshare cost for a two-bedroom lockout. One tenth is ten cents on the dollar. It seems that a lot of people manage to prey on the desperate who just want to rid themselves of the exorbitant maintenance fees.

A timeshare is not an investment. It will not generate any money. Like a wedding ring, it is something that you spend money on in the hope that it will appreciate so that you can resell it later. If people were to buy timeshares, it should not be seen as an investment as a means to make the people you love the most get some enjoyment.

Article Source: http://depositarticles.com/

For more travel and timeshare related articles and news updates, please visit the Direct Transfers blog

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