If you're asking the title question, "should I buy a timeshare resale?" you've come to a good place for information. While no one can make the final decision for you, we can offer up the facts on timeshare resale. As a trusted resource in the industry for over 20 years, we have a little perspective.
What is timeshare resale?
Timeshare resales is comprised of current timeshare owners selling their interests. Oftentimes, timeshare on the resale market are sold for a large percentage less than they would be on the retail market. This means that buyers can save thousands on vacation ownership. Because timeshares are not an investment, it may be a good idea to purchase from the resale market, since you will not get a monetary ROI. Rather, timeshares are a good way to ensure you have a vacation each year to make memories with your family, with opportunities to travel the world depending on your ownership. If saving money IS a big deal for you on your initial payment of a timeshare, the resale market may be a good option. Oftentimes member benefits transfer from original owner to buyer, but be sure to ask your agent before hand so you know exactly what you're purchasing.
Are there any legitimate timeshare resale companies?
Great question! The answer is yes. As times are changing, the timeshare industry is, too. While some want you to believe the resale market is dead and full of scammers, this just simply is not the case. We won't deny there are still scams out there, but it is possible to find a reputable timeshare resale company. When looking for a reputable company, check the BBB, Yelp, and even ask for recommendations from your friends and family. Did you know there is an organization designed to protect the timeshare industry? It's called ARDA, aka the American Resort Development Association. If you're not sure where to turn for timeshare help, ARDA is a trusted source. Timeshare.com also has up-to-date information on the timeshare industry.
Is Timeshare Resale a scam?
If you're considering buying timeshare resale, know that we at Fidelity are Licensed Real Estate Agents who specialize in timeshare resales and connecting buyers to sellers -- it's what we do best! While it is hard to find companies you can trust in a saturated market, you can trust Fidelity. Our name literally means "faithfulness to a person, cause, or belief, demonstrated by continuing loyalty and support." We pride ourselves on being the beacon of the timeshare industry. As we said before, there are timeshare resale scams out there, where random people will offer to get you out of your timeshare or take it off your hands for an upfront fee, only to take your initial payment and ghost you. At Fidelity, we are real people offering real support for both buyers and sellers. So, no, timeshare resale as a concept and a practice is not a scam! But scammers do exist.
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Is timeshare real estate?
No, timeshare is not necessarily comparable to real estate. Timeshares do not increase in value over time. You cannot live in your timeshare year round. Additionally, selling your timeshare is not as easy as real estate. While there are buyers on the resale market, you should not look into timeshare as an opportunity for investing. Like we said earlier, the only investment is in your vacations, because they will pretty much already be paid for. One thing about most timeshares though is that many of them are deeded, just like real estate, so you really do own your portion of a resort.
Best Timeshare Resale Company?
Another subjective question, but we believe we are amazing at what we do. Fidelity Resales has been in the resale world for over 20 years and we have sold more Disney Vacation Club memberships than any one else. We are accredited by the BBB and ARDA, and we have been a featured re-seller for many large brands in the industry. Since we specialize in both sides of the timeshare resale process, we are able to help you get the best service and support when buying OR selling your timeshare.
Timeshare Resale by Owner
Timeshare resale by owner is one of the best ways to purchase a timeshare for a lot less money than retail, while still getting the chance to own your vacations. Check out Fidelity's listings of timeshares available. If you're not ready to own a timeshare just yet, check out the other Fidelity Real Estate blogs while you're here.
So, should you buy a timeshare resale?
Let us know below what your take is on buying timeshare from the resale market. If you're interested in the benefits of vacation ownership, buying a resale timeshare may be an option you should consider.