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ArticlesArticles of Interest: ExcerptsWe aren’t the only ones who know about the advantages of buying timeshare resales. The following excerpts provide additional information about the resale market: Kiplinger’s – July 2000 “You can accelerate the break-even point considerably by buying a timeshare on the resale market, where you can often find one for half the price charged by a developer.” “Resale is the only way to go, according to Jim Breslin of Naperville, Ill. He and his wife, Pam, and their three children enjoy two one-week timeshares. Their most recent purchase was a Marriott timeshare in Orlando, which Jim bought on the resale market for $9,400, 55% of Marriott $17,199 asking price.” “Let somebody else pay retail,” Breslin says. “You can get the same benefits as everyone else, and the original buyer takes the depreciation.” Coastal Living – December 1997 “The entry of big names like Disney and Marriott has transformed
much of the once –troubled industry into an upscale
vacation paradise. But don’t be swept by the view –
savvy timeshare owners know when and where to buy. “Prices for a new one –week timeshare range from less than $5,000 for a small unit at a no frills complex tp $40,000 or more for one of the best units at the most luxurious resorts. But bargain hunters can typically pick up the same quality accommodations on the resale market for 25 to 50 percent less than the developer’s price. In fact, the only reason experienced timesharers can think of to buy new is if you’ve got your heart set on owning a unit in one of the newest resort built by Marriott, Disney or another big-name player, since those units rarely come on the market until at least two or three years after the development opens.”
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