Buying timeshares secondary market

Buying timeshares secondary market

Author: mardok Date: 19.07.2017

Timeshare Resales - Timeshares for Sale | RedWeek

Homes, condos, and other properties, for instance, are purchased not just with the short term intent of habitation, but with the ultimate goal of resale — typically at a profit — in the long term.

Even clothes have substantial resale value, as sites like eBay and secondhand boutiques and retailers buy up previously-worn clothing in order to resell it to new consumers. This cycle of use and reuse is so embedded in our economic DNA that we tend to take it for granted.

Not only do we expect our homes, jewelry, cars, and furniture to hold — or even increase — in value, as aftermarket consumers, we expect those products to still be up to extremely high standards.

buying timeshares secondary market

Is the Industry Eating Its Young? However, owners who purchase vacation ownership interests on the secondary market typically do not receive all the benefits that owners who purchase products directly from us receive… While a purchaser on the secondary market will receive all of the entitlements that are tied to the underlying vacation ownership interest, the purchaser is not entitled to receive certain incidental benefits.

For example, owners who purchase our products on the secondary market have restricted access to our internal exchange program and are not entitled to trade their usage rights for Marriott Rewards Points.

Therefore, those owners are only entitled to use the inventory that underlies the vacation ownership interests they purchased. This is all part of a long — and public — campaign by major developers to hobble the resale market for the sake of their own bottom lines.

We can point curious readers to countless examples of resorts condemning an active secondary market , or taking active steps to counter one, including a fierce right of first refusal on all resale transactions. This suppression leads to a confusing and intimidating aftermarket for buyer and sellers alike, one with no guarantee of success but fraught with the very real risk of scam artists and fraud.

Does that seem fair, friendly, or welcoming to consumers, let alone conducive to the economic health of the industry? While it increasingly seems more and more like a pipe dream, we maintain that a healthy resale market should be part and parcel of the full economic cycle of the timeshare industry, for the benefit of developers and consumers alike.

Buying Marriott Vacation Club (MVC) Timeshare | RedWeek

Until that time comes, however, the onus, unfortunately, remains on the consumer: Finn Law Group maintains this website exclusively for informational purposes. It is not legal or other professional advice and does not necessarily represent the opinion of Finn Law Group or its clients.

Viewing this site, using information from it, or communicating with Finn Law Group through this site by email does not create an attorney-client relationship between you and Finn Law Group.

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