Should I Buy a Timeshare Resale?

Buying a timeshare resale can be a smart way to enjoy vacation ownership at a fraction of the original cost. For those unfamiliar with the term, a timeshare resale refers to purchasing a vacation ownership interest from an existing owner rather than directly from the resort developer. Since many timeshare owners are eager to sell, these resales often come at deeply discounted prices. While this can offer incredible value, there are important factors to weigh before committing to a purchase. Understanding both the benefits and potential drawbacks will help you determine if a resale is the right fit for your vacation needs and budget. Here’s what you need to know about purchasing a timeshare resale.

Pros of Buying a Timeshare Resale

1. Significant Savings

Timeshare resales are often sold at a steep discount compared to buying directly from a resort. In many cases, you can purchase a resale for up to 70% less than the developer’s original price.

2. Same Quality Accommodations

When you buy a timeshare resale, you’re still gaining access to spacious, well-maintained vacation properties. Many resales offer the same amenities and accommodations as those purchased directly from the resort.

3. Lower Initial Costs

Since you’re purchasing from a previous owner, there’s no need to pay for marketing costs, sales commissions, or promotional incentives—savings that are passed down to you.

4. Access to Popular Resorts

Many resale listings are from well-known vacation brands, giving you the opportunity to own at desirable properties for a fraction of the price.

Cons of Buying a Timeshare Resale

1. Limited Perks and Benefits

Some resorts place restrictions on resale purchases. Resale buyers may miss out on certain perks like VIP privileges, loyalty programs, or internal exchange benefits offered to those who purchase directly from the resort.

2. Potential for Scams

Unfortunately, the resale market has its share of scams. It’s essential to work with reputable resale platforms and verify all contract details before proceeding.

3. Ongoing Maintenance Fees

While the initial purchase price may be low, you’ll still be responsible for annual maintenance fees, which can increase over time.

4. Limited Financing Options

Financing for timeshare resales is often harder to secure compared to purchasing from a developer, meaning buyers may need to pay in cash.

Is a Timeshare Resale Right for You?

If you’re seeking affordable vacation ownership and are willing to forgo certain developer perks, a timeshare resale can be a fantastic investment. Just be sure to research the property, review the contract carefully, and work with a trusted timeshare resale company and closing company.
By understanding both the benefits and potential drawbacks, you can make a confident decision that aligns with your vacation goals and budget.