Resale timeshares are a great way to save money, but buyers should be aware of scams and the reasons why the timeshare is up for sale. Use a reputable resale agency, research costs and like any other major purchase, make an informed decision before buying.
Use a reputable company. There are many resale timeshare scams out there so before buying, research to make sure you are using a reputable company. Check with the Federal Trade Commission's website and know your rights before purchasing.
Find out why the timeshare is up for sale. There are many reasons why a timeshare is up for resale, such as divorce or death. Beware of scams or resale offers that are too good to be true.
Know your rights. As a timeshare buyer, you are entitled to a cooling off period where you may decide you no longer want to purchase the property. Look up the timeshare laws in the state or country you intend to purchase.
Ask questions about the homeowners association. After you have purchased a timeshare resale, your timeshare will most likely be cared for by a homeowner's association. Understanding what the association is responsible for will help you to avoid any misunderstandings and give you an idea of what kind of maintenance will be provided at your timeshare.
Pay an average cost. Resale timeshares are lower than other timeshare opportunities. Do some research to make sure you are not paying more than you should be for a resale in that area and with the amenities offered.
