Recently an Australian newspaper ran a story entitled: “Tempting times for some as investors check into the timeshare property scene”. Here’s a couple of quotes from it: “What if we bought it and then decided to sell it? What sort of profit could we make?” and “Would the value of our timeshare rise?”.
I asked Crash to read the article and here’s what he had to say:
The best point made in this article refers to the commitment to family vacations. The value of a timeshare is in the use and creating life-long memories with those you love is priceless. So, when thinking about buying a timeshare don’t try to justify your purchase on an unrealistic expectation of appreciation in value! You should decide whether you are a last minute vacation planner or one who plans in advance. If you’re the latter, the timeshare purchase could possibly be the best vacation decision you ever make. This “investment” will be realized by using the product for many years with friends and family. Inevitably, there will come a time when you need or want to sell the timeshare.
Some estimate the resale market today at $30 billion. This existing market is not only “real” but very dynamic as well. The secondary market for timeshares offers many viable and realistic choices for consumers interested in buying, selling, and renting vacation ownership. This offers buyers and seller’s real avenues and many choices by which they are able to connect with one another and be successful in completing resale, rental, and exchange transactions.
Owning a timeshare is an investment in quality vacations. My Dad traveled all over the world staying in timeshares for over 25 years. He planned at least a year ahead to secure the locations he wanted. All of us in the family have many fantastic memories…for me, that would be Spain. I think that any vacation planner types should take advantage of the affordable deals available right now!