Your timeshare might have great views of the beach.
Buying a timeshare gives you a guaranteed vacation spot every year. The fees you pay cover the cost of a few days or a few weeks at your location, depending on your package. You don't have to worry about what to expect because you know exactly what you're getting. Many timeshares even include benefits such as a swimming pool or golf course on site. Before you hand over your money, though, you need to do your research and look for the cheapest deal you can find--that also fits your budget.
Instructions
1. Look for special deals offered by timeshare owners and developers. These are sometimes referred to as a blow out because it's the last hurrah for the company. The developer may list cheap timeshares for sale, after finishing work on another location. Before advertising the new location, the developer offers cheap prices on any remaining units at the old location.
2. Search for timeshares in the nearby location of popular attractions, but those that are on the outskirts of the town. Timeshares often have higher prices, if the units are close to a popular site. For example, in Orlando, you'll pay more for a timeshare that's close to Disney World and other theme parks. Those timeshares on the outskirts of town are significantly less expensive.
3. Compare the rate offered during different weeks of the year. When you purchase a timeshare, the amount you pay relates to when you plan on visiting. During the high season or more popular time of year, the timeshares are more expensive. Picking a week during the off-season helps cut costs and save you money.
4. Ask for the total investment cost, including any maintenance fees. Maintenance fees cover any costs associated with the care and general maintenance of the property, including the taxes and costs of the utilities. While one property may have a higher original cost, you may find that the cost is less when maintenance fees are factored into the cost.
5. Buy properties from owners whenever possible. Individual owners usually have the right to sell their timeshares, and it's often cheaper to buy from them, rather than buying direct from the company. Look at sites that have trading and forums for sellers and buyers. Also, look through your local newspaper.
