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Timeshare Resale Purchasing Considerations by David Wolf





Article Author Biography
Timeshare Resale Purchasing Considerations by
Article Posted: 01/25/2011
Article Views: 165
Articles Written: 108
Word Count: 1850
Article Votes: 0
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Timeshare Resale Purchasing Considerations


 
International Property

{Have you ever bought an inexpensive car only to find that upkeep and dissatisfaction made it more expensive than if you had just bought a better one in the first place

Did you ever have the experience of purchasing an inexpensive automobile only to discover that you were not happy with it and wish you had purchased a better model}? {The same is true in timeshares

The same thing can occur with timeshare purchases

A similar situation can arise when buying a timeshare}. {The "satisfaction quotient" of a timeshare will actually be determined by your buying the right one in the first place

The degree to which you are satisfied with your purchase is directly attributable to you selecting an appropriate property at the time of purchase}. {This is true whether buying a developer's timeshare or a resale

The same concept is valid, regardless of whether your purchase is a resale or a new timeshare

This exact principle holds true, whether your buy into a new development or purchase a resale}. {The only difference is that you will buy the resale for one third to one half the price

The main difference here is the fact that the resale will be less than half the cost of a new timeshare

The primary difference is the price, a resale will be half the price of a new property}. {Consider the following attributes when purchasing a timeshare

Take into account the following points prior to buying a timeshare

Prior to buying a timeshare, consider the following salient points}.

{What is the location like

Is this a desirable location

Is this a prime location

What are the attributes of the location}? {Is it in a demand area

Is there a high demand for this locality

What is the demand for this location}? {Can you walk to shops, restaurants and other off-site amenities

Are there a lot of amenities nearby

Is it near a lot of desirable amenities}? {Does it have major attractions close by

Are there nearby attractions

Are there any nearby attractions or points of interest}? {The property on the beach is better than the property a block back

Certainly, beach front property is more desirable than properties a block from the beach}. {Some resorts feature solitude and a "get away" location with great views of the wilderness

Some resorts may be for those desiring a quiet getaway with great nature views

Certain resorts may be for those is search of a quiet natural setting}. {What will suit your lifestyle and desires

Decide what best suits your particular needs and lifestyle

Determine which type of setting is best suited for your lifestyle}? {If you are contemplating the purchase of a timeshare in the Bahamas, you may want to take a look at, "

If you are thinking about buying a timeshare in the Bahamas, you might want to consider,"}Blue Water Resorts at Guanahani Village Timeshare Resale {" this is a quality resort which is currently a bargain

" this is a luxurious resort with a lot of amenities}.

{Is the project well designed

Is this a well designed resort

Does this resort of a good design}? {Was the project a motel conversion or purposefully built

Are the timeshares converted from a motel, or built from scratch

Is this project a conversion or was it built from the ground up}? {Some motel conversions are excellent

There are some motel conversions that are very good

Certain motel conversions are quite good}. {Others result in turning a substandard motel into a substandard timeshare

Some others have resulted in turning a poor motel into a equally poor timeshare}. {Is the property a mix of studio, one and two bedroom units

Does this project have a mix of one and two bedroom units, with several studios}? {Is it attractive and well laid out or just a box

Is this a visually appealing well laid out project

Is this project attractive to look at and well planned}? {The more attractive the physical layout of the property and the unit floor plans, the better

Of course a project that is well laid out and with attractive floor plans is more desirable}.

{Is the property well managed

How well is the property managed

Does the property have solid management in place}? {First and foremost, are the units clean

The first thing to consider is the cleanliness of the units

First consider the cleanliness of the units}? {Look for dust, non-working windows, squeaking doors, seedy landscaping, etc

Look for poor landscaping, broken doors and windows, and dust and grime}. {The better maintained the property, the higher the value

Well managed properties retain their value much better

Good management equates to a much better value}. {Does the appearance please you

Is the property visually appealing to you

Does the appearance of the property appeal to your senses}?

{Is the project fiscally stable

Are the finances of the property in order

Is the project financially sound}? {This is harder to find because it is not visible

This is more difficult to determine because it is not readily apparent

To determine this is harder because it is not readily visible}. {Ask for a copy of the Owner's Association budget or financial statements

Request a copy of the home owner's association financial statements

Request the financial statements of the owner's association}. {If this is out of your area of expertise, ask other owners

If you can not readily assess the finances yourself, ask other owners

As other owners if you cannot easily assess the finances from the financial records} . {Have there been a lot of special assessments

Have special assessments been frequent}? {If there is a professional Property Manager (a CPM or RRP), ask them

Do they employ a professional property manager that is certified

Do they employ a certified property manager}. {Is the project "living beyond its means"

Are the expenses of the property beyond their ability to pay}? {Look for the reserve study

Search for the reserve study

See how much money the project has in reserve}. {When will the property need a new roof and will the money be in the bank to pay for it

Will the property need any major repairs any time soon, and if so, do they have the reserves to pay for it}? {Another non-technical way is to review the last few minutes of the Board of Directors meetings

Also, review the minutes of the Board of Directors meeting

Request the minutes of the Board of Directors meetings and look at the entries that pertain to the last few minutes of the meeting}. {If you are considering selling your timeshare, examine, "

If you are contemplating selling your own timeshare, take a look at,"}Sell Blue Water Resorts at Guanahani Village Timeshare{", for an excellent resale broker

", for a very good resale broker}.

{Which season of use are you purchasing

Which season of the year do you wish to purchase

What is your purchasing desire regarding season}? {Buy the high season if that is what you wish to consistently use

Purchase the busy season if that is what you want to use on a consistent basis}. {If the summertime is high season and you are a schoolteacher who can only vacation then, you should go ahead, bite the bullet and buy that season, even though it may be at a premium price

If the busy season is the one that fits your personal schedule best, then you should pay the extra price and get it}. {If you have school age children the same applies

If you have children who are still in school, the same principle is applicable}. {Sometimes, the reverse is true

At times, the opposite is true}. {For example, we have many Owners of Southern California beachfront resorts who live in the east and Midwest and have specifically purchased the "off season" because it gets them out of the cold

As an example, numerous owners of California beach front resorts have north eastern purchasers who want to escape the Winter season}. {It works perfectly for them

It works out very well for them

This fits their purposes quite well}.

{What is the price

Finally, what is the cost

Lastly, what is the asking price}? {This is last on purpose

This is mentioned last purposefully

We mention price last on purpose}. {You are looking at buying a lifetime possession

You are considering a long term purchase

You are contemplating a long term investment}. {If you get the wrong one, the dissatisfaction will be present long after you have forgotten what you paid for it

If you purchase an inappropriate property, you will be disgruntled for a long time subsequent to forgetting the purchasing price}. {At current resale prices, I don't think there is any way to lose

At the favorable prices that prevail at the moment, it would be difficult to lose}. {Resale timeshares are like antique furniture

Resale timeshares have similarities with buying an antique}. {They will either hold their value or increase with time

At current prices, they will either retain their current value or increase over time}. {Look at resales as though they will not really cost you money, they will save it

View resales as a purchase that will save you a considerable sum

A timeshare resale is a purchase that can save you quite a bit}. {The worst that will happen is that you will have a lifetime of incredible vacations and at the end you will sell it and get all or most of your money back

In the worse case, you will have a lot of great vacations, and then you will sell the timeshare and retrieve the majority of your expenditure} . {Currently, resale prices are generally half of the original developer sale price

At current resale prices, you will most likely spend roughly fifty percent of the original selling price}. {In some cases it may be less and in some more

For some properties it may be more for others less

Of course the price will vary from property to property}. {To assure yourself of not paying more than you have to, shop around

To be certain you get a good price, look around and compare prices

To ensure that you pay a reasonable price, do some comparison shopping}. {Call a title company in the area to find out what the resales in a specific resort are going for

Contact a local title company to determine what prices are being paid for resales at the resort in question}. {Ask a resale Broker to show you some comparatives

Request some comparative sales from a resale broker}. {In other words go about it as you would buying a house

Go about this purchase in a manner similar to a home purchase}. {Obviously it is not as major a purchase, but time spent getting the right product is absolutely worth it

Certainly, this is not as important a purchase as a home, nevertheless, the research involved is worthwhile}. {Remember that you will own it for years

Keep in mind, you are likely to own this timeshare for years

Please recall, you will most likely own this property for a considerable time period}.

{To learn more about selling your timeshare visit us at:Blue Water Resorts at Guanahani Village Timeshare Resale

To read more about an honest timeshare broker come see us at:Sell Blue Water Resorts at Guanahani Village Timeshare

To read about some great timeshare resales see us at:Blue Water Resorts at Guanahani Village Timeshare Resale

To learn about a great timeshare community in the Bahamas visit us: Sell Blue Water Resorts at Guanahani Village Timeshare}

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