Article content : Are you looking for a timeshare? Are you tired of listening to incredibly long presentations of timeshare companies? Here’s the solution, go buy a timeshare resale. Almost non-existent a decade ago, the timeshare resale industry is coming along slowly and steadily. Timeshare resales can be found through classifieds, auction sites and also many reputed firms have joined this emerging market. The reason why anybody should look at buying a timeshare resale is that they cost 30%-50% less than a new timeshare. The rationalization why new timeshares are expensive is that the timeshare companies spend a lot on advertising.

Sometimes the cost of advertising is higher than the value of resale. That’s why timeshare resales are sometimes a much cheaper option than new timeshares. But one should remember certain things while buying a timeshare resale.

Do not believe on word of mouth if the seller tells you that the timeshare is in a prime location. Keep in mind you’re purchasing a piece of property. You want to make sure the condition and location is of value to you. It would probably be a good idea to see the timeshare yourself or at least tell your friends or family members if they live close to the location to go and see it. Timeshares would make a great investment in your life provided you know you are buying the right one. And also consider things like whether the timeshare is in a high demand area and in close proximity to grocery stores, malls, restaurants and other amenities. Also find out whether there are any major attractions nearby. Don’t forget to try to buy your timeshare in a prime season, which gives you more options for exchange later on.

Also do not ignore the floor plan. Some units are converted from motels into timeshare units, while some may be outstanding some may turn out to be very bad. Look for well designed and well planned unit. And also see if the units are well maintained. Check for structural damages and squeaking doors, it speaks volumns about the management.

The low prices of timeshare resales overshadows the underlying cost sometimes such as maintenance fees, property taxes and if there is any special assessment this year. Clearly ask the seller if all these have been paid up to date otherwise the price of owning a timeshare resale increases and makes no sense in buying.

If you are buying through a broker, do not fall into the trap of buying through an unlicensed broker. The timeshare industry has witnessed many scams and frauds related to timeshare resales. So always go to a licensed broker because they have much at stake compared to a non-licensed broker. Also put the money in an escrow account until the time you get the timeshare unit.

The foremost important criterion is the price and location, so do your homework and research the prices of timeshare units in the area you are interested in buying. A timeshare is an investment for a better life. Keep in mind that the prices of timeshare resale units are as low as 30% to almost half the price of the new units. You can do the research on internet auction sites like eBay, bidshare.com and redweek.com. If you are purchasing through a broker you can ask the broker to show a comparative analysis of prices.

The bigger the unit, the better the value and chances of exchanging. Most people are happy if they buy big units as it also accommodates big families and friends and also big gatherings. Also do not forget to ask the seller the reason why they are selling their units. It can be due to some problems related to management or inconvenience. This information will be crucial to you as you might be able to gauge whether you can handle those issues later on or not.