When venturing into the world of timeshares, newcomers are often faced with a pivotal choice: should they purchase from the resale market or directly from a timeshare resort or developer? This decision is not to be taken lightly, as each option presents a unique set of benefits and drawbacks. In recent years, the rise of online platforms has revolutionized the timeshare market, offering buyers a wealth of information and a broader range of purchasing options. Yet, despite the convenience of the internet, the allure of buying from a developer, with their established reputations and enticing perks, remains strong. This article delves into the intricacies of both avenues, providing a comprehensive guide to making an informed timeshare investment.
The concept of buying timeshares on the resale market, through auction websites or classified ads, is a relatively new phenomenon. The internet has played a pivotal role in this shift, bringing the timeshare market to the fingertips of potential buyers. Platforms like eBay, Bidshare, and RedWeek offer detailed information on properties and a diverse array of buying options.
A decade ago, the primary method of purchasing a timeshare was through presentations hosted by developers. These decisions were often impulsive, lacking thorough research and analysis. Today, online auction sites empower users to research prices in advance, even if they plan to attend a presentation. This access to information allows for a more informed choice, free from the high-pressure sales tactics often associated with timeshare presentations, which can extend well beyond their promised ninety-minute duration.
When it comes to cost, buying directly from a developer includes the price of advertising, presentations, and free gifts, which can account for up to 40% of the timeshare's cost—sometimes even surpassing the price of a resale timeshare. In contrast, purchasing through the resale market can yield savings of 30% to 50%. The resale market also offers a wider selection and the assurance of getting the best price, potentially saving buyers thousands of dollars.
Despite the advantages of the resale market, there are compelling reasons to buy directly from a developer. Renowned companies like Marriott, Disney, and Hilton have entered the timeshare business, offering a level of security and trust that may be lacking in the resale market.
Developers invest heavily in the development of timeshares, ensuring they can offer the latest amenities, which may not be available in resales unless the unit is relatively new. Additionally, developers often provide incentives such as bonus weeks, discounts on attraction tickets, car rentals, and more—benefits that may not extend to resale buyers, as many developers restrict the amenities available to resale units.
Developers typically offer a variety of financing options, which might not be available through the resale market. This flexibility can make the purchase more accessible for some buyers.
When considering a timeshare purchase, it's essential to weigh the pros and cons of both the resale market and buying directly from a developer. Here are some key points to consider:
Resale Market Advantages:
Developer Advantages:
In conclusion, the decision between purchasing a timeshare on the resale market or directly from a developer hinges on individual priorities, such as cost, selection, amenities, and financial flexibility. Prospective buyers should conduct thorough research, consider their long-term vacation needs, and assess the level of risk they are willing to take with their investment. With careful consideration and due diligence, buyers can navigate the timeshare terrain and make a choice that best suits their lifestyle and budget.
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