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Buying Used Timeshares-Get A Great Vacation For Less

Aug 17, 2007
Timeshares are a unique real estate purchase, instead of purchasing a piece of property that you own continuously, you purchase either a portion of the property, or the right to use that property for a specific amount of time. There are many models of property and time use that have developed in the timeshare industry over the last 30 years or so, which offer increased flexibility and amenities to enjoy your stay. Buying a used timeshare will, in many cases, give you the best value for your vacation dollar.

If you are looking to have regular, lower cost vacations, than timeshare ownership may
be right for you. By purchasing a used timeshare, you will get a savings of 30-60% off the cost of the initial purchase. There are several reasons why timeshares are so much cheaper on the resale market. First, its truly a buyer's market, and there are many owners out there who are looking to get rid of their timeshare ownership. Secondly, when someone purchases a new timeshare directly from the developer or the resort, they are also absorbing the marketing and administrative costs for developing the timeshare. When you buy directly from the owner, you are only paying for the use of the property, and not all of the additional costs.

Before you start taking a look at the many choices available, you may want to consider what type of timeshare will best suit your needs. You can get a deeded timeshare, or a certificate of use. A deeded timeshare is an actual deed to and ownership of the property, which you can pass on to your heirs. A certificate of use is the right to use the property, like a club membership. If you are buying in the United States, deeded timeshares are very common, and offer more security, so you may want to make sure you purchase a deeded timeshare only.

If you like the idea of having flexibility when you are scheduling your vacation, another option to consider is whether the timeshare has flextime available, where you can trade your week or weeks for a different time period, based on availability. That
way, you can schedule your timeshare use around your own vacation schedule, instead of the other way around.

For the ultimate in choice, being able to have exchange privileges and to stay at a wide
variety of resorts will give you the most value for your money. If you like the idea of traveling to different areas, you should make sure the timeshare has an exchange program, usually with one of the larger companies, like RCI. With this type of program, you will receive points that you can use at different resorts, based on the season and availability. Of course, you want to make sure these privileges, and any points accrued, can be easily transferred to you when ownership is transferred.

Once you have narrowed down the type of timeshare that sounds appealing, you can then start your specific search. There are many websites that offer used timeshares for resale from a variety of owners. You'll be able to look at photos, read reviews of resorts, and find the deal that is best for you. With a little patience, you should be able to find a timeshare with the qualities you are looking for, at a reasonable price.
About the Author
Amy Wells writes about money-saving vacations. Get the facts about buying timeshares and other timeshare information at: http://www.timeshare.yourtechtool.com .
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