What You Should Know About Timeshare Repurchase and Checklist

If you purchased a timeshare property some time ago and are currently thinking about repurchase, you are participating in many individuals with the same purpose. There are actually more people who want to sell timeshares than people who want to buy. If you want to buy back immediately or are looking for resale, please understand that you are entering the buyer's market. Find what you need to learn about timeshare repurchases and use the checklist below as a quick guide.

Repurchase prices are usually low.

It is very rare for anyone to actually sell timeshares at or above or near the original purchase price. First, most sellers cannot generate enough interest to increase the demand for weekly timeshares. In most cases, the seller can simply inform the buyer that his week is available and can be redeemed. At best, the price you can get is about 50% of the original purchase price.

On the buyer's side, the value of the unit to be purchased is basically the number agreed between you and the seller. In most cases, historical data about sales of a specific unit or within a specific resort is not very reliable.

The success of a repurchase depends on how you focus on its availability.

When providing or searching for shares for repurchase, it is important to check various sources. There are many options for a particular timeshare type, so you won't have a hard time shopping. Some possible sources of deals include:

-Timeshare resort company
-Repurchase broker
-Online auction site
-Broker auction
-Online and offline classified ads

There are also certain factors that help speed up the repurchase of shares. Most buyers will want to know if the purchase allows them to plan a long-term vacation and whether the replacement value of the unit is available. A high value exchange week usually means that repurchases are much more desirable. Location, conditions and facilities are also important.

Timeshare purchase checklist

You can use the following checklist to guide you through what to pay attention to when buying or repurchasing.

-Stability of company managing timeshare properties
-Company reputation and experience
-Market popularity of timeshare properties for specific demographics or market segments
-Bonuses or benefits available to timeshare owners
-Transferable property or lease / use rights
-Availability of benefits within the Timeshare Resort Group [limited to specific resorts or offered at partner hotels and resorts]
-Unit location [the better the location, the better the transaction]
-Unit size and design [floor area and layout, number of bedrooms and bathrooms, bed type, kitchen type, appliance type and available amenities, etc.]
-Types of insurance available when assets are located in areas where disasters may occur
-Fixed or variable week
-Maintenance fees and compensation
-Exchange of trades, privileges, procedures, restrictions
-Latest payment at the time of purchase or re-purchase
-Charges charged for transfer of ownership
-Tax
-Time required to complete closure and relocation