What is a Timeshare Resale?
A piece of property that distributes its rights and ownership to more than one person is known as a timeshare. It is also known as vacation ownership. In this, a prominent property is used by different owners, and each one of them has the same allotted time period.
Here are some of the top timeshare brands for you to choose from – DisneyVacation Club, Bluegreen Vacations, Hyatt Residence Club, Holiday Inn Club Vacations, Marriott Vacation Club, WyndhamVacation Club, and Hilton Grand Vacations. If you want to experience the beaches, Orlando theme parks, and even the mountains, Bluegreen Vacation timeshare resale properties are the best suited for you. On the other hand, if you want a luxurious vacation experience, then the Marriott Vacation Club includes resorts like the Ritz-Carlton, St. Regis, and JW Marriott are recommended. Hilton Grand Vacations offer the most fun and elegance, whereas Wyndham has a casino-based vacation. The best DVC resale is always recommended.
But before you think of buying a timeshare resale, it is crucial for you to learn about the point system. You use your points to buy the points-based timeshare resale properties. They are used as a currency. The members are allotted annual points using which they can purchase different resorts and properties. The numbers of yearly points you get are basically dependent on some simple factors such as your ownership type, the size of the unit, the season of your timeshare week, the popularity of your home resort, and more.
If you are new and don’t know the benefits of timeshare resale over buying directly from the builders, are:
- First, the timeshare resale properties are less expensive than the builders because these timeshares are ‘used’ ownership. They might not provide the same benefits as the new property does—for example, the Disney Vacation Club (DVC) and RCI or Interval International.
- Second, with the timeshare resale, there is no pressure to think that if the timeshare is a good choice for you or not. Marketplaces such as Fidelity Resales provide you with different resorts, destinations, and even brands, and you can browse through them online. The builders present you with only a few resorts at a time. But unlike them, the timeshare resale offers way more options to you. They even cost less than the retail prices.
With very reasonable interest, these timeshare resale properties are also offered financing. You can vacation now and pay later with quickly approved finances and no hidden fees. They provide quick pre-qualifications or pre-approvals.
Types of Timeshare Ownership
Shared Deeded Ownership
Shared deeded ownership is a type of timeshare in which the property is distributed among the members on a percentage share basis for the fixed period of time. In this, the members hold ownership of the deed.