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.
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.
Owning a timeshare for holiday and vacation use makes a lot of sense. If you love taking your holidays at prime vacation and resort destinations, you will often have better accommodations at a lower price with timeshare ownership. If you purchase your timeshare on the resale market, at a discounted price, you could end up saving thousands of dollars on holidays and vacations over the course of your lifetime.
1. Timeshares are not a good financial investment, regardless of what a timeshare sales rep tells you. If you buy from a developer, you are paying all their marketing expenses and the resale value of most timeshares is less than half of what they are sold for by most developers. Disney is virtually the only company that has a right of first refusal clause for resales, so for any other company I recommend buying resales only. For Disney Vacation Club, it’s a toss up. Do some comparison shopping and make sure you know what DVC is offering as incentives and what all the admin costs are on any resale purchases.
1. Timeshares are not a good financial investment, regardless of what a timeshare sales rep tells you. If you buy from a developer, you are paying all their marketing expenses and the resale value of most timeshares is less than half of what they are sold for by most developers. Disney is virtually the only company that has a right of first refusal clause for resales, so for any other company I recommend buying resales only. For Disney Vacation Club, it’s a toss up. Do some comparison shopping and make sure you know what DVC is offering as incentives and what all the admin costs are on any resale purchases.