The Truth About Timeshare Values
What Every Timeshare Owner or Potential Buyer Should Know!
This is one financial planners view about timeshare values, from our own experiences of being former owners and an experienced marketer of time resales, in our opinion we whole heartedly agree with him. We couldn't of said it any better.
The Time Share Market Is Always More Saturated With Sellers Than Buyers
There are a very small percentage of timeshare resorts that do hold sixty to seventy percent of their value. However, even owning one of these does not mean you will be able to sell it when you need to so don't be fooled into the marketing trap of popularity buying.
When buying a time share people more often than not make what is called an "emotional purchase" and/or an impulse purchase. Unfortunately the timeshare industry is saturated with this type of marketing technique when selling. When you buy on impulse or emotion you need to know that when you get ready to sell you will realize that finding the right buyer will probably be that much more difficult. Remember what some people think is paradise, is not necessarily the next persons. And timeshare sells are constantly going on by the resorts themselves. They have the advantage over you because they can often offer perks that you can not afford to offer to a buyer.
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When buying a time share people more often than not make what is called an "emotional purchase" and/or an impulse purchase. Unfortunately the timeshare industry is saturated with this type of marketing technique when selling. When you buy on impulse or emotion you need to know that when you get ready to sell you will realize that finding the right buyer will probably be that much more difficult. Remember what some people think is paradise, is not necessarily the next persons. And timeshare sells are constantly going on by the resorts themselves. They have the advantage over you because they can often offer perks that you can not afford to offer to a buyer.
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Value of timeshares can be thought of in two different ways:
Below is an article that gives some good advice and facts to those of you who might be thinking of buying or you have a timeshare you want to sell (just click on the link).
Looking to Buy? - Learn the Disadvantages of Timeshare Resales.
by: Nick Stoles - Posted December 12th, 2008
Florida Department of Business and Professional Regulation and read some Frequently Asked Questions (FAQ) - Reselling Your Timeshare