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What is a good price for a timeshare?

A new (or retail) timeshare usually sells in the neighborhood of $10,000, although that can vary by thousands of dollars in either direction. Purchasing a used timeshare can be significantly cheaper, with prices as low as $1,500. The initial purchase price is not the only cost to consider, however.

Do you pay for a timeshare every year?

How Much Do Timeshare Maintenance Fees Cost? The average annual maintenance fee is $1,000. But the surprise comes when you find out the fees go up every year, often much faster than the normal inflation rate. The latest numbers say the increase averages around 2% a year.

How much does a timeshare cost per year?

All timeshare resorts charge share owners annual fees for maintenance, utilities and taxes. Annual fees in the $300 to $400 range are typical, although larger shares or peak-season shares can have higher annual fees, often more than $1,000 every year. These fees are due whether the share owner uses the property or not.

How does a timeshare work?

Legally speaking, a timeshare is a way for a number of people to share ownership of a property, usually a vacation property such as a condominium unit within a resort area. Each buyer usually purchases a certain period of time in a particular unit. Timeshares typically divide the property into one- to two-week periods.

What is a good price for a timeshare?

The average price for a new timeshare week (or equivalent points) is $23,000, according to the industry's trade association. However, many brand-name companies are selling "average" points packages for $50,000 or more, according to recent presentations attended by the author.

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