How to Negotiate an Agreement on a Timeshare

When you buy a timeshare, you buy the use of a vacation property during a set week every year. A timeshare might be right for you if there is a specific destination you'd like to go to every year, and you have the cash to pay for the timeshare up front. Be prepared to negotiate an agreement on a timeshare and walk away with savings.

Instructions

Difficulty: Moderate

1. Research the timeshare market. Compare prices and amenities at locations that interest you. Find out what the developer's cost is and what portion of the sales price goes to marketing and commission.
2. Find out what the average sales prices and fees are for timeshares that you're interested in. Use these costs to set your budget and determine the price that you will pay.
3. Make an offer that's lower than the price you are willing to pay. Talk to different sellers until you find one willing to negotiate.
4. Pay with cash. You'll be able to get a better deal and won't have to pay the huge interest rates most timeshare dealers charge.
5. Purchase from a reseller instead of directly from a resort. Find timeshares in local newspapers, timeshare websites and Internet auctions. Find out if you'll lose any perks or incentives and weigh the cost of those against the price. Make sure there is no debt remaining on the timeshare from the previous owner and that the title is transferred before giving the seller the full amount.