How to Buy an RCI Timeshare

RCI or Resort Condominium International timeshares are some of the most well-known units in the industry today. Buying one of these timeshares is a way to ensure that you have a vacation reserved at the same time every year for many years into the future. If you are interested in buying one of these time shares, there are a number of ways that you could potentially do so. You could use a real estate agent, buy directly from a developer or buy one online.

Identify an area in which you would like to buy an RCI timeshare in. Most RCI timeshares are located in areas that are popular travel destinations. Choose an area that you would like to visit on an annual basis for many years into the future. Even though you could potentially trade your timeshare week for a trip to another location, you will spend the majority of your time at the resort you buy into.

Go on a timeshare tour with the developer. One of the most notable ways to buy a timeshare is to buy it directly from the developer who built it. Many developers offer incentives like free trips and tickets to get you to come on a timeshare tour. You can go on the tour and then talk to a sales representative about buying a unit. On these tours, they will also give you information about RCI and why it is a good idea to own a timeshare with them.

Hire a real estate agent to help you find the best deal on a timeshare. By hiring a real estate agent, you will not have to worry about going on a timeshare tour with the developer. The real estate agent may have access to many timeshare listings that he can provide you with. The real estate agent will require a commission for their services based on the sales price of the timeshare.

Look online at the different timeshare resale sites that are available. Buying a timeshare directly from an owner can save significantly on the price. Many owners are willing to sell their units for drastic discounts so that they can get out of paying maintenance fees. You can look on various timeshare resale websites and find potential properties to buy.

Make an offer to the owner of the timeshare. Regardless of whether you are buying directly from the developer, through a real estate agent or from an owner, you should be able to make an offer for what you are willing to pay. If the seller accepts the offer, you can then move on to the transaction phase of the process.

Go to the closing that is arranged between you and the seller. If you are buying a new unit from the developer, you can take care of all of the paperwork at the end of your tour. If you are buying from an owner, you will have a closing much like you would when buying a house. Work with a title company to run a title search on the timeshare so that you know exactly what you are getting. Sign all of the documents and pay the purchase price to the seller to get access to your timeshare.

References

About the Author

Luke Arthur has been writing professionally since 2004 on a number of different subjects. In addition to writing informative articles, he published a book, "Modern Day Parables," in 2008. Arthur holds a Bachelor of Science in business from Missouri State University.