Timeshares For Sale By Owner
Understand the Benefits of Buying From an Existing Owner
Are you confused as to why WorldMark and Hilton timeshares are sold for huge discounts on the secondary market? You can spend a ton of time learning the differences between presentation-bought and resale timeshares. Basically, the resale market is formed completely from of the individuals who bought at the presentation and are now wanting to sell their timeshare. Either a broker has purchased the ownership, and it reselling the account, or you are buying directly from a seller. Before buying a timeshare, you really should consider all of your options, and don’t be afraid to ask for help from someone knowledgable.
Why Buy From an Owner?
There are many reasons from savings of costs to extra unused usage in the account, or even a lower cost in maintenance in some special situations. You may even have the flexibility to perform a loan take-over-payments, or seek financing that is more favorable than the developer’s, often quite high rates.
Okay… What’s the Catch?
In some cases, the developer has restricted certain benefits to retail purchases and the new owner will lose those particular benefits. These can range from small changes to rather large differences. For example, Travelshare is not transferrable with the purchase of a WorldMark by Wyndham ownership on the resale market, but most benefits can be kept through our exclusive WM Explorer Club, and it can be done without recurring fees like Travelshare dues.
Is the Transfer Process Safe?
Transferring an ownership can be tricky in some cases, and very easy in others. In many cases, the property has a deed that needs to be rewritten. This type of transfer should be left to a closing company that is licensed, bonded and insured. This way you can make the account is exactly what you are expecting. You should expect to see that there are no past fees, the account has the right amount of usage (annual usage? credits/points expiring? reservations pending?) and also make sure you know when the next maintenance is paid. These are all things that professionals can help you with, whether or not you buy from a brokerage or from the owner directly.
