Nowadays, there are more people who are trying to get out of their timeshares by selling it than there are people looking to buy one. If you've bought a timeshare some time ago and now thinking of repurchase, then you're joining a number of individuals who have the same purpose. Whether you wish to repurchase any time soon or just looking for a resale, remember that you're entering a buyer's market. This article might help you learn about timeshare repurchase and be familiarized about the checklist as a quick guide.
There are some things that you should watch out for when you repurchase a timeshare. The following is a checklist that can help guide you:
- Deeded property or lease / right-to-use
- Fixed or floating week
- Reputation of the company that manages the timeshare properties
- Desirability of the timeshare unit
- Size and amenities offered by the unit
- Maintenance fees and other possible expenses
- Exchanging privileges
- Length of time required to complete closure and transfer
- Insurance available in case the property is in a disaster-prone area
Most owners who are looking to repurchase a timeshare are unhappy with their previous ownership and currently, there are still more and more people who are trying to get rid of such property. That means that there are still many owners who are dissatisfied or having difficulties with their timeshares today. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. So, if you’re planning to repurchase a timeshare, try to consider the checklist above and hopefully this time you can get the best of your timeshare.