Timeshares on Sale

September 28, 2007
Filed under Timeshare News

How to find a bargain in the most popular locations.

By Jessica Anderson
From Kiplinger’s Personal Finance magazine, October 2007

Bruce and Nancy Robinson were on vacation in Hawaii in 1992 when they attended a timeshare presentation in exchange for luau tickets. By the end of the pitch, the Huntsville, Ala., couple had agreed to pay $16,000 for one week in a two-bedroom unit at the Kona Coast resort that they could trade for properties around the globe.

Then, five years ago, while scanning timeshare listings on eBay, they noticed a highly desirable week for sale in a Key West resort that they had unsuccessfully tried to trade into in the past. The asking price was more than $20,000, but the bidding had stalled at less than a third of that. They ended up buying the week for just $6,000.

The Robinsons have made good use of both timeshares — trading them for other units and renting them out when they’re unable to go themselves. But the Key West deal was definitely the better value. “Knowing what I know now,” says Bruce, “the only way to buy is resale.”

When you can buy a resale timeshare at a discount of 50% or more to the developer’s price — and without sitting through a high-pressure sales presentation — you have to wonder why more people aren’t buying this way. [Read More]
Do you have a particular timeshare destination in mind? Check out Holiday’s resale selection and save from 60% to 80% off retail prices.

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