Can I (and/or should I) buy resale timeshare?

You are the type who would love to spend your vacations away from home. At the same time, you are not willing to spend a fortune on it. Considering this pre-owned timeshare is a good option for you. Bet you would ask: can/should I buy resale?

The Everything Family Guide to Timeshares: Buy Smart, Avoid Pitfalls, And Enjoy Your Timeshare Vacations to the Max!

Approach a resale broker or visit a few timeshare-resale Web sites. People often conjecture that a resale does not offer the perks, luxury, and other facilities that accompany new ownership, which need not be the case. Before moving on to the second question which would be 'Should I buy resale timeshare?' -load yourself with information to ensure you are on the right track.

. Search for reasons the timeshare is being sold
. Confirm whether all maintenance fees and property taxes have been paid to date. This will save you several thousand dollars
. Make sure you personally inspect the property before signing on the dotted lines
. Some timeshares are listed with exchange companies. Find out whether you are eligible to opt for an exchange arrangement. One day you might wake up to discover there are other places that you want to explore. An exchange option would come handy

While deciding on this, you might be wondering 'what's the positives and negative in buying a resale timeshare?' Ask yourself 'why should I buy a resale timeshare?'

. Timeshare resale offers vacationers the opportunity to buy fully furnished vacation accommodations for only a fraction of the cost of complete ownership
. A pre-owned timeshare means it has stood the test of time. You need not wake up every morning dreading an earthquake would pull down the entire structure that you are so proud of
. A resale timeshare would save you all the paperwork that precedes a new acquisition

However, a resale timeshare can have its share of pitfalls, for example:

. There should be some reason(s) that the owner would do away with his possession. The reason can be legal, taxation issues, or any other problem that may not surface unless you have purchased a resale timeshare

Perform thorough groundwork. Your question "should I buy a resale timeshare" will be answered in the affirmative.

Introduction To Timeshares

What's the difference between timeshare and vacation ownership?