RedWeek.com Shares 7 Reasons to Buy an Aftermarket Timeshare

SEATTLE – October 26, 2011 – Timeshare marketplace RedWeek.com is the leading website for buying and selling aftermarket timeshares. The aftermarket, also known as the secondary market, is a great place to pick up a timeshare week at brand-name resorts for a fraction of the cost charged by the developer.

Unlike developers who fold their overhead costs into the price of the timeshare, owners selling on the secondary market have no overhead and are often eager to find a buyer and willing to negotiate. Unfortunately, many owners weren't aware of the secondary market when they purchased their timeshare and paid top dollar to the developer.

"Buying a timeshare in the aftermarket can save you thousands of dollars off retail," said Gary Prado, RedWeek.com director of marketing. "With a little bit of research and asking the right questions, a consumer can buy the exact same timeshare being sold by the developer for a fraction of the cost. As much as half of the upfront price of a timeshare goes to pay sales commissions and marketing (otherwise known as those "free" gifts they give you to sit through a sales presentation).

With price being the number one reason to purchase a timeshare on the secondary market, RedWeek.com is listing six other benefits to buying owner-direct:

1. Price: Up to 75 percent less than developer prices
2. Convenience: No high pressure sales presentations
3. Selection: RedWeek.com has large selection of inventory
4. Experience: Try it before you buy it (rent first)
5. Education: Learn the ins and outs of timesharing from experienced owners rather than a sales person with an agenda
6. Flexibility: Ability to shop around for the best price
7. Financing: Availability of financing through peer-to-peer lending sites like LendingClub

When buying a timeshare you have to remember that you will have to pay maintenance fees and taxes. The maintenance fees are necessary to keep the resort in good repair. Most buyers will also need to pay closing costs, which vary in price depending on the closing company they use. A title search is also recommended and ensures the deed of the timeshare is clean and without any liens on the property. It is a small investment that could save you from buying someone else's debt.

To learn more about RedWeek.com or timesharing visit www.redweek.com.

About RedWeek.com

RedWeek.com is a member-supported marketplace for timeshare rentals, resales, and exchanges. You can find reviews, ratings, prices, availability and complete resort descriptions for more than 5,000 timeshare resorts worldwide to make vacation selection easier. Boasting an A+ Better Business Bureau rating, RedWeek has more than 1,500,000 subscribers. The site was launched in November 2002.