Buying and Selling Timeshares in the Southwest Tips for Beginners

August 2, 2010

If you have ever visited a favorite vacation destination, you may have been tempted to want to move there but, due to work or family requirements, this was not possible. Instead, you vow to come back at least once every year and want to guarantee yourself that there will be available lodging on your chosen vacation dates. For people who fit this category, a timeshare is a great investment. If interested in a timeshare Sedona, Mesa, Yuma or other Southwestern enthusiasts will want to find one that meets their long-term, vacation needs.

Buying a timeshare is less stressful than buying a home. A buyer has to be approved for financing (if needing purchasing assistance), completes a contract, and if buying a pre-owned timeshare, may have to wait for the Right of Refusal process. This is where the timeshares parent company has the option of purchasing the timeshare back especially if it is being sold at a bargain price. Should your resort participate in this practice, make sure your offered bid is competitive with other recently-purchased properties. Other small fees may be associated with the timeshares purchase and can include sales tax, document processing and filing fees, and timeshare agency fees. These will be disclosed to buyers prior to closing.

Selling timeshares is a common practice. Sellers can choose to list them or their own but most choose to use a timeshare broker. Using a third party allows sellers to have expert knowledge regarding recently sold timeshare prices, which weeks could commend more money than others, and allows the timeshare to gain more exposure than if listing it yourself. While a small fee must be paid to the timeshare agency, it is well worth it especially if you are able to sell your timeshare before it is time to pay another years annual dues.

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