Did you ever have the experience of purchasing an inexpensive automobile only to discover that you were not happy with it and wish you had purchased a better model? The same is true in timeshares. The degree to which you are satisfied with your purchase is directly attributable to you selecting an appropriate property at the time of purchase. This is true whether buying a developer's timeshare or a resale. The main difference here is the fact that the resale will be less than half the cost of a new timeshare. Prior to buying a timeshare, consider the following salient points.
Is this a desirable location? What is the demand for this location? Are there a lot of amenities nearby? Are there nearby attractions? The property on the beach is better than the property a block back. Certain resorts may be for those is search of a quiet natural setting. Determine which type of setting is best suited for your lifestyle? If you are thinking about buying a timeshare in the Bahamas, you might want to consider," Blue Water Resorts at Guanahani Village Timeshare Resale " this is a quality resort which is currently a bargain.
Does this resort of a good design? Are the timeshares converted from a motel, or built from scratch? Certain motel conversions are quite good. Others result in turning a substandard motel into a substandard timeshare. Is the property a mix of studio, one and two bedroom units? Is it attractive and well laid out or just a box? Of course a project that is well laid out and with attractive floor plans is more desirable.
How well is the property managed? First consider the cleanliness of the units? Look for dust, non-working windows, squeaking doors, seedy landscaping, etc. The better maintained the property, the higher the value. Is the property visually appealing to you?
Is the project financially sound? This is more difficult to determine because it is not readily apparent. Ask for a copy of the Owner's Association budget or financial statements. If you can not readily assess the finances yourself, ask other owners . Have special assessments been frequent? If there is a professional Property Manager (a CPM or RRP), ask them. Are the expenses of the property beyond their ability to pay? Search for the reserve study. When will the property need a new roof and will the money be in the bank to pay for it? Request the minutes of the Board of Directors meetings and look at the entries that pertain to the last few minutes of the meeting. If you are considering selling your timeshare, examine, " Sell Blue Water Resorts at Guanahani Village Timeshare ", for an excellent resale broker.
Which season of use are you purchasing? Buy the high season if that is what you wish to consistently use. If the busy season is the one that fits your personal schedule best, then you should pay the extra price and get it. If you have children who are still in school, the same principle is applicable. At times, the opposite is true. For example, we have many Owners of Southern California beachfront resorts who live in the east and Midwest and have specifically purchased the "off season" because it gets them out of the cold. This fits their purposes quite well.
Lastly, what is the asking price? We mention price last on purpose. You are looking at buying a lifetime possession. If you get the wrong one, the dissatisfaction will be present long after you have forgotten what you paid for it. At the favorable prices that prevail at the moment, it would be difficult to lose. Resale timeshares are like antique furniture. At current prices, they will either retain their current value or increase over time. View resales as a purchase that will save you a considerable sum. The worst that will happen is that you will have a lifetime of incredible vacations and at the end you will sell it and get all or most of your money back . At current resale prices, you will most likely spend roughly fifty percent of the original selling price. Of course the price will vary from property to property. To be certain you get a good price, look around and compare prices. Contact a local title company to determine what prices are being paid for resales at the resort in question. Request some comparative sales from a resale broker. In other words go about it as you would buying a house. Obviously it is not as major a purchase, but time spent getting the right product is absolutely worth it. Please recall, you will most likely own this property for a considerable time period.
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