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Tips for buying and renting timeshares

Timeshare: Making the Buying Decision

A vacation home without the hassles of long distances: a timeshare could be the perfect solution.

You’ve found it: the place you’d like to come back to again and again for your vacation. Having a home base instead of trying to find hotel accommodation makes sense to you, but the thought of buying a house and trying to keep it at arm’s length while only using it a few weeks out of the year seems daunting and expensive. Looking at timeshares for sale may be your best solution. You have the option to buy new, or the option to buy timeshares for sale by owner.

When you buy a unit, usually a condo, you agree to share it with others, but you have the option of using it for your own vacation. Often a maintenance or management company will assess an annual fee and, in return, will ensure that the building is maintained and protected.

The way the timeshare agreement is set up varies by timeshare company. It’s a good idea to look for new properties and timeshares for sale by owner. But some key factors to consider include:

* Decide if the area you have chosen is one you will be happy to vacation in for years to come.
* Inspect the timeshare for sale. If possible, have a professional home inspector take a look as well.
* Check the timeshare company’s registration with the state Better Business Bureau or State Attorney General’s Office to see if there are any pending complaints regarding maintenance and association agreements.
* When possible, talk to other timeshare owners in the complex. Find out what they think of the area and the timeshare.
* Don’t let anyone pressure you into making a decision on the spot. Always take the time to think about it.
* Consider what is more important: having a new unit that will cost 30-60% more, or being able to purchase a previously owned timeshare that will be less expensive.

Timeshares for sale: Where can I find them?

You have decided to buy, now how do you find the right one?

The world of timeshares for sale can be confusing. And unfortunately, scams do happen in this market, so it pays to take your time and be sure of your choice.

In terms of price, timeshares for sale by owner will save you money. Buying direct reduces the costs associated with middlemen, saving you money and costing the seller less, so both parties win.

First, of course, you need to know where you want to be. Beaches? lakes? mountains? Private getaways? Once you’ve zeroed in on the place that sounds like heaven for your next vacation, figure out what you need. Non smoking? Number of rooms? Now is the time to look at the timeshare shares available for sale.

Once you’ve found something that seems to fit your needs, you can contact the owner directly. Arrange to visit the timeshare and the neighborhood, so you can see firsthand if that’s what you want. Consider the availability of things like grocery stores and doctors, if you plan to use the timeshare several times a year. Find out about the weather throughout the year, if you want to use it for more than one season.

If timeshare meets your checklist, you’re on your way to a carefree, restful vacation for years to come!

Timeshare Reselling: Know Your Market

Interested in selling a timeshare? Understanding the market is key.

You have a timeshare and now you would like to sell it. How do you go about selling timeshares?

* While we’ve been trained to think of buildings and condos as real estate, what you’re really selling is vacations. Highlight aspects of your location: beach, mountains, skiing, solitude, family-friendly – ​​that’s what gets people’s attention.
* Price is key. Do your homework: Check with the building management company or local tax offices to find out what kind of prices timeshares have sold for recently.
* When checking resale, be sure to look for comparable prices – look for units similar in size, location, and age to the one you want to sell.
* If available, consider hiring a timeshare appraiser. Find one that is licensed in the same state the timeshare is in. They may have access to recent sales information that you cannot easily obtain.
* Check with the timeshare management company to find out what regulations they may have regarding resale.
* You can advertise locally through newspapers, or you can use the power of the World Wide Web as a great and cost-effective way to reach a huge pool of potential buyers.
* Be careful if you are approached by a timeshare broker: some are legitimate, some are not. Some may offer services that are identical to what you can do yourself over the Internet.
* Above all, make sure that your timeshare is in top condition, clean and without repairs.

Timeshare Rentals – How To

Do you have a timeshare available or want to borrow one for a while? This is what you should know.

There is a misconception that timeshares are strictly properties for sale. That is not the case. Potential timeshare buyers have the option of renting a timeshare from an owner who is not using the timeshare, but does not want to sell it. Or someone thinks they might eventually be interested in timeshare sales, but isn’t ready for the full commitment yet. Timeshare rentals by owner allow both owners and renters flexibility. It is a win-win for both parties.

Some things to keep in mind when renting a timeshare, whether you are the owner or the renter:

* Although the timeshare does not change ownership, the rental must be in writing with details about what is expected of both parties. Payment, damage deposits, check-in and check-out times, rules about pets, smoking or children, must be detailed and signed by both parties.
* Timeshare owners should check with the timeshare property managers to see what the rules are regarding renting and share those regulations with the renter.
* Timeshare renters must treat the timeshare for what it is: property owned by someone else. Follow the rules, keep everything clean, and notify the owner if you notice any problems (plumbing issues, appliances not working properly, etc.).
* Tenants must make their payments on time and timeshare owners must refund damage deposits immediately.
* On both sides, be respectful of neighboring timeshares. If you know the timeshare owner next door is sensitive to loud noise, consider including a “quiet time” clause in the rental agreement, and if you’re the renter, abide by those clauses.
* If the rental goes well, the tenant must provide a reference for the owner, if the owner plans to rent the property again.

It’s all about respect and a fun use for a vacation rental!