Timeshare Buyers Save Big Money On Resales
The amount of money a timeshare buyer can save by buying on the resale market is considerable, primarily due to the way timeshares are sold at the resorts.
When a timeshare is sold by the developer at the resort, the developer treats it as a “new” sale. In some cases, especially if the resort has just opened, they can be considered as new. Here, the developer is trying to recoup the cost of building the resort and getting the facility going. However, many times an established resort looking to sell its backlog of timeshares will hire a marketing company to sell the unused inventory. At marked-up resort prices.
What About Points?
If a timeshare points product is being considered, that creates a new set of price points. In this case, points will be marketed because of the flexibility of vacationing across a number of resorts within the network available through those points. Clubs such as Wyndham Vacation Ownership and Marriott Vacation Club operate this way. Such flexibility usually comes with a hefty price tag if those points are sold at the resorts.
Sales people want to get paid – that’s true in any industry and especially in timeshare. Any product being sold at the resort, whether a deeded week or points, will have sales commissions and marketing costs built into those prices. This can add up to 50-60% of the resort retail price – thousands of dollars that can be saved by … buying on the resale market.
Save on Those Resort Costs
The timeshare resale marketplace removes all of those commissions, marketing and developer costs from the equation. The deal is between the existing owner and a prospective buyer – that’s it. An owner sets the price based on the research they do and the buyer makes an offer on the timeshare. Negotiations take place until they come to an agreed price and the sale is closed, primarily through a third-party closing company.
How Much Can Be Saved?
Here at BuyaTimeshare.com, that can add up to big savings for the buyer. According to the American Resort Development Association, the average timeshare interval (weeks or points) is just over $22,000. This price point reflects a resort sales average, since ARDA surveys its resort members to gather its statistics. Take those 50-60% marketing and sales costs out of the process and you can see the thousands of dollars that can be saved – even before the negotiation begins!
Isn’t It All the Same?
Similar to the way a new car price differs from the price of a used car, the prices change considerably depending on how the timeshare is purchased. The big difference is that the condition of the resort rooms are all basically the same. You could have an owner in one room who bought at the resort and paid top dollar, and next door you can have a resale owner who paid at a significant discount. Same resort – different sale prices.
Check the Resale Market First
This is why it is so important for buyers to first check the resale marketplace before buying a timeshare. Timeshares are a fantastic way to vacation, with multiple bedrooms, spacious living areas and full kitchens to prepare healthy meals – just to name a few advantages. Why would you want to pay more than you need to in order to secure great vacation accommodation?
If you need help searching for the right timeshare for your vacations, or if you are looking for help to sell your timeshare, give us a call on 800-640-6886 or fill out the form on this page. We’ll respond to you as soon as possible.