Buying
If you are considering buying a timeshare, one option is to buy on the resale market rather than through a marketing company.
The advantage with buying on the resale market is the cost, because you are buying from an existing owner and depending upon the reason for the sale, prices can be very low.
Choosing a resale company is straight forward; choose a recommended resale agent from the OTE list. These companies need to meet certain standards before they can join and will following the OTE code of ethics, so you know you are in good hands.
When the resale agent has found a timeshare that you are would like to buy you will most likely be asked for a deposit (fully refundable) and a contract will be sent out with the details of the timeshare you are buying. You will have a cooling off period which can be up to 14 Days.
After the 14 days the transfer should take about 2 - 4 weeks to complete, this may vary slightly depending on the type of transfer, just ask the resale company for more details at the time.
Once the transfer is complete you are now the owner of a Timeshare and able to take holidays at your resort or use an exchange company or just rent it out to friends and family.