This post is brought to you by BestTimeshareExitTeam.com
Family vacations can be expensive. Food, flight, souvenirs, accommodation, excursions – it all adds up. One way to save money on your accommodation when traveling with your family is a timeshare resale rental.
Timeshare is a vacation ownership product that provides families with part ownership in a specific resort. Families usually buy timeshares that allow them to vacation at the resort for one week per year. If your family likes to vacation to the same spot each year, a timeshare can make sense. Especially for Disney lovers.
A timeshare is more like a condo than a hotel room. It is often more spacious and usually comes equipped with a kitchen and one or two private bedrooms. It can be cheaper than renting a hotel room too if it is bought or rented on the resale market.
The resale market is a secondary market for timeshare. It is where existing timeshare owners go to advertise their timeshares for sale and rent online. You can find these timeshare owners by simply searching for the resort you’re interested in buying timeshare at on Google. You’ll find that these timeshares are significantly cheaper than the same timeshare sold through the resort directly. This is how you save big.
Sometimes a timeshare owner is unable to vacation to their timeshare one year and wants to rent it out instead. These timeshares owners go online and advertise it, but often have difficulty finding renters due to the complexity of the product. This is why you can often find them advertised for rent at such significantly discounted prices.
Timeshares are most common is popular vacation destinations such as Orlando, Branson, New Orleans, Myrtle Beach, Lake Tahoe etc. Not all timeshares are created equal though. Some resort developers have better, more flexible timeshare products than others. For example, the Disney Vacation Club is a timeshare product that allows you to vacation to one of the many resorts in Disney’s collection in various different destinations. Other timeshare products do not offer the same flexibility.
One of the top complaints among timeshare is the difficulty in getting rid of it when they no longer want to own it. Some timeshares are able to be sold or rent out on the resale market rather easily. Others are purchased through a resort developer directly for thousands of dollars and are advertised online for only $1 because no one wants to buy it. This frustrates owners because they’re on the hook each year for something called a maintenance fee. This is a yearly fee timeshare owners are required to pay to continue owning their timeshare. It’s usually around $800 – $1,200 per year but can increase over time.
Some timeshare owners have been stuck with a timeshare for several years, unable to use it and unable to sell it, but still paying maintenance fees. This has created a new timeshare exit industry that is different from resale. Instead of trying to sell the timeshare, owners can work with attorneys and consumer advocates to end their timeshare contracts. Timeshare Exit Team is one brand that has been advertising heavily on the radio all over the U.S.A.
Timeshare can be a great way to save money on vacations, but always buy resale and do your research first. Let us know of any questions in the comments below.