Sell Your Timeshare
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Resort Sales vs Timeshare Resales

Why can't I sell my timeshare for the same price as the resort?

Just as with everything else in life, there are all sorts of ways to do things. Buying timeshares is no exception. There are two different ways to purchase a timeshare. Direct from a resort, and a timeshare resale.

First, the majority of people who purchase their first timeshare buy it at a resort. Why? Because they got this letter in the mail that said, “Come look at our timeshare resort and get a free ___________ (fill in the blank).” Greed drives them to get the free whatever. They promise each other on the way to the resort that they won’t buy a thing. And then they meet….THE SALESPERSON. And this is not just any salesman or saleswoman, this is THE salesperson. They knows they’ve got just 90 minutes with you and they’re gonna make it count. They do this three or four times a day, five days a week, 50 weeks a year. You don’t.

Now, let’s be fair. There are very many good and professional sales people working at resorts. They can be very hard working folks who are decent and trying to earn a good living. We don’t fault them for that and we salute them as a necessary part of the timeshare industry. We personally know many of them ourselves.

But here’s the down and dirty of it. The average timeshare resort has a marketing overhead of 50 to 60%. In layman’s terms that means this: All those free gifts are going to be paid for by someone. You. All that staff you see, all those salespeople, all the office personnel have to be paid by someone. That’s right, you again. So you purchase a timeshare for…let’s say $15,000. (You know you got a deal ‘cause the price was much higher. But when you couldn’t afford it, they were nice enough to find you a “foreclosure”. ahem). 50% marketing overhead means that $7,500 of that $15,000 went to pay nothing but the cost of getting all those people together to sell you that timeshare. So what’s the true value of the property? (math quiz here). That’s right! $7,500! So! What happens when you go to resell that property later on? Can you sell the cost of the marketing you paid for? NO! So what can you expect to get for your timeshare? Assuming no appreciation (don’t assume it, it’s rare…unless you truly bought a steal), $7,500.

YOUR NEW TOY

So you get home with your brand new shiny timeshare. You’re proud as a peacock with a wax job and you go over to your neighbor to show it off. What a coincidence!! Your neighbor just bought a timeshare as well!! You show him yours and she shows you hers. (??) Anyway, you compare notes. PeggySue now owns a timeshare at a really luxury resort with all the trimmings. “You must have spent some really big bucks for that!”, you exclaim. (You enjoy “exclaiming”, as opposed to just talking) PeggySue then tells you how she found a resale for only $6,000. The original price from the resort had been $14,000. She also shows you her one-year guarantee that she will love her timeshare or not keep it. She asks you why you’re crying.

Yes, my friends, there are bargains and then there are bargains. Our strong advice: buy a resale or a developer close-out. Same stuff, lower price.

A COMMERCIAL ANNOUNCEMENT

O.K., we’ve been good. But now for the first time we’re going to just slightly mention our own particular company, Island Consulting Realty. In over 14 years in this business, we have very, very many of our customers who use their timeshare worldwide and have a blast with it each year. Yet they have never ever seen the actual resort they bought! Blind faith? Nope, we help them do their homework, give them tons on info on the resort they are interested in, and then give them a one year guarantee. It’s a no-brainer. They take no risk.

If you want to judge what your timeshare is worth or you are looking to purchase a timeshare. Look for your resort and a similar unit and season. If you don't see a listing similar to yours, give us a call, 1-800-809-6020.

Worldwide timeshare resales (uses frames) or
worldwide timeshare resales (without frames).

If you are specifically looking for Caribbean try Caribbean Timeshares for the most popular Caribbean islands.

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Please feel free to call us at 1-800-809-6020 with any questions you may have.

 
   
 

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