Timeshare Auction Tips

2007-03-08 10:33:40

( Real Estate )



A vacation property development in which only occupancy time is sold is called timeshare. There are many companies that sell timeshare of condos, resorts, lodges, villas, and ski resorts all over the world. A timeshare auction is a venue that promotes buying and selling timeshares.

Things you need to know before you join a timeshare auction

Know your reasons before making a bid

Are you a first-time buyer or a property trader? If this is your first time and you intend to use timeshare for vacation purposes, you should consider properties that are in places you want to visit many times. The unit size, location and the amenities of the timeshare should fit your needs. If you are buying the property as an investment, you have to consider the price of the timeshare. Timeshare resale value is important to you.

Initiate a dialogue with the person selling timeshares the soonest possible time

Timeshare auction sites cannot guarantee that all the sellers on their sites can be trusted. Thus, it is very important for you to determine the responsiveness and willingness of the seller to share information. There are people who are only interested in timeshare sales so they do not divulge all the information on the property they are selling. It is also wise to look at the transaction history the person selling timeshare. Read the comments of the previous buyers. This would give you a general idea about the seller.

Gather all information on the timeshare you are interested in buying

You should first determine the location and the name of the property you are interested in. Ask about the size of development, its amenities, and annual fees. You should also make your own research of the property or similar developments. Don’t rely on the information given by seller. You can also base your budget for the timeshare on the data that you have gathered.

Know what owner transfer and payment methods are available to you

Before the end of the timeshare auction, you should ask the seller about your payment options and owner transfer methods. Be wary if the people who sell timeshare do not provide you with choices.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.