Anyone who has dreamed of owning a vacation getaway has probably at one time or another considered purchasing a timeshare. Timeshares offer an affordable way to purchase property in a favorite vacation spot. By buying into a timeshare, new owners can lock in the price of an annual vacation and, in some cases, may even build equity. There are many options to consider and decisions to make when selecting the right timeshare.

Once the timeshare is purchased, vacations are simple and require minimal planning because the lodging is available to owners year after year. This guide will help buyers understand timeshare options and make the buying process simple and efficient. When buyers purchase a timeshare property, they acquire a specific amount of time to use the property each year, splitting the cost of a vacation home with many other people.

Timeshare properties are often a part of a larger community with amenities, such as swimming pools, recreation rooms, or gyms. They can also be stand-alone homes or condos. Timeshares offer many benefits that can make owning one more practical, convenient, and affordable than other vacation options.

Timeshares give vacationers the ability to own time or a portion of a vacation property that they would not normally be able to own alone. Timeshare weeks and seasons are often labeled with a color system that designates the demand for the time and location.

Not all locations have high demand at the same time. Warmer climates generally have higher demand in the winter and low demand in the summer.

Places in northern Europe will have higher demand in the summer and lower demand in the winter when it snows. Understanding the color code system is a useful tool when trading timeshare stays.

Popular resort locations like Disneyland and Las Vegas are sometimes colored red all year round. Here is a list of common colors and their meanings.

In order to select the best timeshare option, it's necessary to understand how timeshares are sold. There are two primary ways to buy timeshares: A buyer's needs will dictate which plan is ideal. Fixed timeshares are suited to those who want to return to the same property year after year, while right-to-use timeshares are better for those who want to visit multiple properties at various times over the year.

Again, prospective buyers must determine their preferences and availability to decide what is right for them. With a fee simple timeshare, buyers purchase a piece of property with other people, own it, and build equity over time.

For those with larger budgets, this is the preferred type of timeshare. Owners have a legal deed to the property, which means they own it forever. Owners can even will their ownership to others. This purchase is long-term, so make sure to thoroughly investigate the property. Visiting the timeshare before purchase provides added security, letting buyers know exactly what they are purchasing. Right-to-use timeshares are generally less expensive.

Buyers purchase the right to use the property, but a developer still maintains ownership. When the contract expires, buyers need to renegotiate terms with the owner. In addition to fee simple or right-to-use options, buyers must consider whether they want a fixed or floating timeshare.

Selecting a fixed or floating timeshare will depend on buyer's needs and availability. The following chart explains the differences between a fixed and floating timeshare with some advantages and disadvantages of each.

Fixed-week timeshares guarantee buyers a reserved spot at the timeshare during a specific period of time. Weeks are labeled numerically, where week 52 refers to the week of Christmas. Owners are guaranteed a specific week or weeks withing a certain range. Fixed weeks can guarantee vacations during peak vacation time. These weeks can be competitive, so reserving a fixed week can save travelers the hassle of reserving a location during peak travel seasons.

For those with busy or uncertain schedules, having a fixed week may be a poor choice. Last minute work demands, family visits, or unplanned emergencies can result in a forfeit or total loss of paid vacation time. Floating timeshares give owners the right to an allotted number of weeks throughout the year.

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These weeks may vary or be guaranteed within specific season. For example, an owner may be entitled to a week in the summer and a week in the winter and can select the exact week withing this time frame.

Floating weeks give travelers the ability to be flexible with their vacations. For those with kids and busy schedules, having the flexibility to change vacation weeks each year can be an important asset.

It can be difficult to book vacations during popular weeks, such as Christmas or spring break. Those with limited vacation time may not get the ideal location or amenities during peak travel times. Accommodations may vary when using floating timeshares. The chart shows that there are advantages and disadvantages to both options.

Buyers should consider their vacation needs. Buyers who do not have consistent availability each year should consider floating timeshares. Location is as important as the timeshare itself.

Location will affect the price, the weather, and the activities offered at the timeshare. For those unsure where to go, think about the following questions to help decide.

A timeshare is a major purchase that requires the management of legal and financial logistics.

Timeshares Buying Guide | eBay

Become educated on what to expect when purchasing a timeshare, learn legal rights, understand annual fees, and discover options to help expedite the closing of the sale. Timeshare programs are almost always governed by a set of legal documents known as codes, covenants, and restrictions CCRs.

CCRs establish the rights of property owners and govern how the timeshare will be managed. Before buying, read the CCRs carefully and make sure to understand them, including the requirements relating to fees, charges, and restrictions on usage. Payment for timeshares usually consists of an up-front purchase cost and an annual fee to cover property maintenance. Annual maintenance fees assessed by the management company can cover expenses such as cleaning the pool and paying taxes, utilities, and building up financial reserves.

They can also cover housekeeping expenses and ensure timeshare units are stocked with basic necessities, such as dishes, sheets, and toilet paper. Make sure to understand exactly what fees are added, and factor this into the total price. The timeshare buying process depends on the type of ownership and local regulations. For deeded timeshares, title for the property will have to be transferred to the buyer's name and recorded with the appropriate government agency.

Many owners sell their timeshares through a broker or management company that can complete the paperwork. Buyers can also use a special timeshare closing service to handle all the logistics of closing the sale.

Ask the seller if he or she is using this service. Once buyers know what type of timeshare they are looking for, go to the Real Estate portal and click the link to the Timeshares hub. The following tools will be helpful for an easy and efficient buying process. The Categories list will help narrow listings by type of timeshare.

Filter the options by specifying criteria, such as the state the timeshare is located, the type of timeshare such as a ski resort or beach vacation , number of bedrooms, week of the year, or price. For example, someone looking for a two bedroom timeshare in Hawaii for the week of Christmas would select the " Hawaii ", " two bedroom ", " week 52 ", and hit search. Only search results matching that criteria will be included.

Search eBay listing titles for specific words.

Buying Wyndham Points on Ebay - Timeshare Users Group Free Advice Article

For example, a buyer desiring a Florida timeshare can type " Florida timeshare " without quotation marks into the Search box. Under the advanced search page choose, "search title and description" to expand search results results.

Visit eBay's Search Tips page for more strategies for searching with keywords. For those having trouble finding exactly what they want, try shopping eBay Stores , tell the eBay community what is wanted by creating a post on Want It Now , or save a search on My eBay , and eBay will send an email alert when a match becomes available. Before making a purchase, buyers should know exactly what they are buying, research the seller, and understand how eBay and PayPal protect buyers.

Carefully read the entire posting. Timeshares can be very expensive and have a lot of legal information included. Use the "Ask a Question" link at the bottom of the posting to clarify terms with the seller. Always make sure to complete the transaction on eBay with a bid, Buy It Now , or Best Offer. Transactions conducted outside of eBay are not covered by eBay protection programs. Never pay for an eBay item using instant cash wire transfer services through Western Union or MoneyGram. These payment methods are unsafe when paying someone unknown.

Researching sellers enables buyers to feel positive and secure about every transaction. Make sure to ask the following questions before buying. Not everyone has the money to buy a vacation dream home, but many people can buy a piece of that dream home. Timeshares offer an affordable way to share ownership or time at a desirable vacation destination.

Consider the location and type of timeshare. Those who want to travel to many locations should consider a floating timeshare, but those who want to make annual trips to the same location should purchase fixed timeshares.

Purchasing a timeshare minimizes the planning and hassle of trying to book vacations and allows time for what is really important, relaxation. Best when creating a list of items ex: The Top 10 Mattresses for People with Back Problems. Enter your search keyword. You are here Home Buying Guides Real Estate Timeshares for Sale.

Timeshares Buying Guide eBay. Views 8 Like 8 Likes Comments Comment. Please sign in to like this Guide. Understanding Timeshares When buyers purchase a timeshare property, they acquire a specific amount of time to use the property each year, splitting the cost of a vacation home with many other people. Benefits of Timeshares Timeshares offer many benefits that can make owning one more practical, convenient, and affordable than other vacation options. If the owner decides they do not want to use the timeshare during their allotted week, they can rent the timeshare to someone else and make money on the property Consistency: Timeshares allow people to vacation in the same place year after year without worrying about finding a hotel.

Owners may trade their timeshare week for a week at a different property of a similar value. Many timeshares have all the benefits of home packed into a vacation getaway.

Things like washers, dryers, fully equipped kitchens, multiple bedrooms, and storage are all available in many timeshares. Maintenance fees take care of all improvements and cleaning. Owners can rest easy knowing the property is well taken care of and will be in great condition upon move-in.

Timeshare Color Coding Timeshare weeks and seasons are often labeled with a color system that designates the demand for the time and location. High demand White or Yellow: Moderate demand Blue or Green: Low demand Choosing the Right Timeshare In order to select the best timeshare option, it's necessary to understand how timeshares are sold. Fee Simple With a fee simple timeshare, buyers purchase a piece of property with other people, own it, and build equity over time.

Right-to-Use Right-to-use timeshares are generally less expensive. Fixed Versus Floating Timeshares In addition to fee simple or right-to-use options, buyers must consider whether they want a fixed or floating timeshare.

Type Description Advantages Disadvantages Fixed Fixed-week timeshares guarantee buyers a reserved spot at the timeshare during a specific period of time. Floating Floating timeshares give owners the right to an allotted number of weeks throughout the year. Location Location is as important as the timeshare itself.

Do buyers want to go somewhere warm to escape cold winters? Do buyers living in warm climates want to head to the mountains for a ski trip? What season will travel most likely occur, and what locations offer the ideal weather during that season?

Some locations are more expensive than others. If being at the beach is the most important criteria for a timeshare owner, but they still want affordable prices, look for timeshares in less expensive areas, or areas closer to home to avoid high travel costs.

Timeshare Rights, Fees, Payment, and Paperwork A timeshare is a major purchase that requires the management of legal and financial logistics. Understand Timeshare Rights Timeshare programs are almost always governed by a set of legal documents known as codes, covenants, and restrictions CCRs. Know Timeshare Payment Requirements Payment for timeshares usually consists of an up-front purchase cost and an annual fee to cover property maintenance.

Timeshare Paperwork The timeshare buying process depends on the type of ownership and local regulations.

Find Timeshares on eBay Once buyers know what type of timeshare they are looking for, go to the Real Estate portal and click the link to the Timeshares hub. Category Filters The Categories list will help narrow listings by type of timeshare. Keyword Search Search eBay listing titles for specific words. Buy Timeshares With Confidence Before making a purchase, buyers should know exactly what they are buying, research the seller, and understand how eBay and PayPal protect buyers.

Know the Purchase Carefully read the entire posting. What is the seller's feedback rating? How many transactions have they completed? What percentage of positive responses do they have? What do buyers say in their feedback? Did the seller receive praise? Most top eBay sellers operate like retail stores and have return policies.

Do they offer a money-back guarantee? What are the terms and conditions? Conclusion Not everyone has the money to buy a vacation dream home, but many people can buy a piece of that dream home. Have something to share, create your own guide View previous MARRIOTT NEWPORT COAST VILLAS 2 Bedroom Timeshare ANNUAL GOLD SEASON Image.

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