Are Timeshare Resales Worth it?

So you’re thinking about buying (or selling) a timeshare resale. Perhaps you’ve been daydreaming about annual vacations (guaranteed!) to exotic places that are already booked on the calendar, year after year. Maybe you’ve seen a glossy advertisement at a travel agent’s office (are travel agents still a thing?) and can practically taste that sweet Pina Colada.

To decide if a timeshare resale is worth it for you, you have to know your goals, your values and what you hope to get out of the property in the long run.

The timeshare resale market is saturated and it can be difficult to sell your property for a profit. You may decide that you would like to transfer ownership to a family member as a gift or for a nominal feel. Regardless of whether you gift your timeshare, or sell it to a family member, you will need to follow the legal protocol of the country where your timeshare is located.

If you decide... Read the rest of this entry »

Is Now a Good Time to Buy Timeshare?

If you are considering buying a timeshare, you might be wondering if now is a good time to do so. There are several factors to take into account when making this decision. The timeshare development industry has been growing steadily since the 2008 recession, according to annual studies conducted by the American Resort Development Association, with larger, healthier companies consolidating and expanding their inventories. This modest growth trend is likely to continue in 2017, unless an unexpected economic crisis or political event changes things. Rapid growth of the market, however, is hindered by factors such as low resale value, stringent... Read the rest of this entry »