If I were to buy would it be best to go with a brand new place or a used one? What are the pros and cons to doing both? Can anyone help me. Still trying to figure this all out.

Yeah, I'd like to hear from those who actually own timeshares--the nitty gritty of it all for us newbies.

I've owned a few timeshares throughout the years and have purchased both new and used timeshares. I'd recommend going with used. You get the same exact property for a fraction of the cost and usually are given more options. Plus you don't have to deal with the pushy salespeople. (They know they've got a limited time to sell you, so they're all over you to commit.) With sites like this one, you can shop at your own leisure. Hope this was helpful.

So then it's sorta like buying a car? You get all the benefits plus it's less expensive? What do you mean about pushy sales people? I don't want to deal with that from anyone. Why are they more pushy if your buying new? Do they get commision? How does this work?

From my experience, the salespeople at the Resorts seemed to work very much on commission. They try their best to have you "sign on the dotted line" before you leave. Their interest rates are horrendous as well. If you can shop the resale companies and you'll be able to save some $$$. I enjoy this forum and website because my experiences have been smooth time and time again. No pushy salespeople. Also, when purchasing, the Closing Costs are absorbed by them. Huge savings there!!!

Glad to hear that used properties are preferred over new--it reminds me of used vs new cars as well. The great thing with the timeshare is that although the selling price goes down, I'm sure in some circumstances the value of the property may stay the same or even increase if you're in the right area! Unlike cars, once they're used the value plummets!

Is it a good idea to speak to previous owners of the property as well?

I've found that speaking with previous owners isn't sometimes the best thing. Whenever I've spoken with owners, they've had very little to contribute. It's more about their personal experiences, which is good, but everyone has their own opinion... I like to research the resort websites or speak with the staff at Timeshare Adventures to answer my questions.

Yeah in most cases, the depreciation on a timeshare WILL continue (like cars). Unless you bought it real cheap from someone or inhereted it, you're at somewhat of a loss where $$$ is concerned.