Blog 1: ConciergeRealty.com

TIMESHARE RESALE – KNOWING WHAT TO BELIEVE AND WHAT TO REJECT (PART 1)

With the ever increasing popularity of the concept of timeshare in tourism real estate, more and more people are

looking to get a piece of the pie. And as it often happens, high popularity creates an influx of myths and

misconceptions about the industry, typically the ones spread by scammers to get people to spend money on their

property. It is these wrong notions that should be done away with in order to turn the timeshare resale market into

a safe haven for investors. Let us look at some of the myths you should watch out for in your tryst with this niche

industry.

Timeshares are savings through and through

The most common tagline used by timeshare sellers to lure tourists is that this system will allow you to enjoy huge

savings on your vacation costs. Traditionally timeshares are meant to trim down your expenses but people get some

real shockers when the maintenance costs for the property begin to surface. This is where they panic and begin to

regret making the investment. You need to have patience and understand the entire contract thoroughly before you

enter into it. On a closer look, you will begin to appreciate that the value of savings will be much more than the costs

you are bearing.

Timeshares can be easily rented and sold

Just like any other property, timeshare sales are also subject to real estate market fluctuations and the general

economic conditions of the country. In fact, the tourist season also plays a huge role in generating demand for

timeshares in the market. These are the factors that you must look into before you rent out or sell your timeshare

else you will not get a good enough price for it.

In our next post, we will look at some other misconceptions about timeshare sales.