Most people know that when buying a timeshare, you have to be very careful. However, even more care and research must be taken when purchasing a timeshare resale. Timeshare resales cost much less than buying directly from a resort developer, but you still have to keep your best interests in mind. Being informed about your timeshare will lead to a positive experience.

1. It is a very good idea to actually see the timeshare you are buying. Some timeshare resellers may “talk” about your timeshare. If the reseller says the timeshare is in a beautiful location, be sure to check it out. A timeshare, even a resold timeshare, is a great investment. It is important to make sure that you are buying what you want.

2. Resales of timeshares usually have very attractive prices. Sometimes these prices can cause the buyer to overlook crucial questions. Be sure to ask about maintenance fees and property taxes. If these have not been paid up to date, then the timeshare will cost much more than the base price. It is very important to know the total cost before deciding to buy a timeshare.

3. Some timeshares are affiliated with an exchange company. If the timeshare you are purchasing is affiliated with an exchange company, be sure to find out if this membership is transferable. Doing this can help you avoid unnecessary hassles in the future. If the timeshare you are buying is a points-based timeshare, find out if the points are transferable. Finally, if there are additional bonuses with the timeshare, find out if they can be transferred.

4. The seller often pays to advertise the timeshare, while the buyer must pay closing costs. Educate yourself and know all the charges you will be responsible for when closing the sale. This is important because some buyers don’t know how much they are paying when they decide to buy the timeshare.

5. Visiting the timeshare can solve this problem, but it is important to be aware of it. Timeshares can sometimes be located in a facility that has only been partially remodeled. Other timeshares have not been touched at all. Paying an extremely high price for an old and worn out timeshare is never a good idea.

6. Timeshares have different times when they can be used. Knowing when you can use your timeshare is very important. Some timeshares are odd or even year use timeshares. If you purchase one of these timeshares, it may be a year or two before you can use the timeshare you purchased. If there is a lease on the property, be sure to find out how much time is left on the lease.

7. Last but not least, find out why the timeshare is being sold. Too many buyers simply overlook this crucial information. Some resellers don’t want it anymore, but others may have discovered a problem with the timeshare or an inconvenience. It is important to know these issues so that you can decide whether or not you want to deal with them yourself. If the reseller tells you about the negatives associated with timeshare and you are still fully confident in your success, then it will be a good investment.

Reselling timeshares can be a tricky business. It is important to be as informed as possible when buying a timeshare because it is often a very large investment. The more you investigate, the more informed you will be. Being informed is the best way to ensure you have a positive timeshare reselling experience.