31/08: Timeshare Owners Blog
Brian Rementer's Timeshare Sales and Timeshare Resales Tips!
Learn more about Time-Share resales before you try to sell your property. The resources on this page are important for buyers, too, since they can help you select a vacation club interval that will be more marketable should you decide to sell at some time in the future.
Learn more about Time-Share resales before you try to sell your property. The resources on this page are important for buyers, too, since they can help you select a vacation club interval that will be more marketable should you decide to sell at some time in the future.
The first major hurricane to hit New Orleans in thirty years, Katrina has caused widespread damage. Though initial estimates are optimistic, very little information is available now.
Earlier this morning, Hurricane Katrina slammed into the Louisiana peninsula at a speed of 145 mph. The eye of the storm moved within 30 miles of New Orleans late this morning, and this storm's effects have been felt through most of Louisiana and Alabama and nearly all of Mississippi.
The information so far has been sparse, though optimistic. Official news sources say that for the most part, the many levees and dams that surround New Orleans are holding back dangerous high waters from both the Mississippi river and Lake Ponchartrain. Because most of New Orleans lies below sea level, the city is especially vulnerable to a hurricane of this force. One troubled area is the neighborhood of the Ninth Ward, where severe flooding has occurred. There have been reports of many buildings being stripped of their roofs by heavy winds.
Though the current damage estimates fall short of previous worst-case scenarios, the situation in New Orleans is extremely dangerous. Earlier, panels from the roof of the Superdome were dislodged by high winds. These panels slammed into the nearby Hyatt Regency Hotel, causing massive structural damage to a hotel that has already been battered by the storm. Most of the guests were taking shelter in a third-floor conference room, and there are so far no reports of injuries or fatalities among those seeking shelter at the Hyatt. On Lake Ponchartrain's south shore, floodwaters have completely submerged the ground floors of many homes and businesses.
Earlier I made several attempts to communicate with two timeshare resorts located in the French Quarter. I was not able to reach anyone. When more information becomes available, I will post it here.
Earlier this morning, Hurricane Katrina slammed into the Louisiana peninsula at a speed of 145 mph. The eye of the storm moved within 30 miles of New Orleans late this morning, and this storm's effects have been felt through most of Louisiana and Alabama and nearly all of Mississippi.
The information so far has been sparse, though optimistic. Official news sources say that for the most part, the many levees and dams that surround New Orleans are holding back dangerous high waters from both the Mississippi river and Lake Ponchartrain. Because most of New Orleans lies below sea level, the city is especially vulnerable to a hurricane of this force. One troubled area is the neighborhood of the Ninth Ward, where severe flooding has occurred. There have been reports of many buildings being stripped of their roofs by heavy winds.
Though the current damage estimates fall short of previous worst-case scenarios, the situation in New Orleans is extremely dangerous. Earlier, panels from the roof of the Superdome were dislodged by high winds. These panels slammed into the nearby Hyatt Regency Hotel, causing massive structural damage to a hotel that has already been battered by the storm. Most of the guests were taking shelter in a third-floor conference room, and there are so far no reports of injuries or fatalities among those seeking shelter at the Hyatt. On Lake Ponchartrain's south shore, floodwaters have completely submerged the ground floors of many homes and businesses.
Earlier I made several attempts to communicate with two timeshare resorts located in the French Quarter. I was not able to reach anyone. When more information becomes available, I will post it here.
The situation in New Orleans is extremely grim in the aftermath of hurricane Katrina.
New Orleans is undergoing a total evacuation due to widespread flooding from Lake Pontchartrain caused by hurricane Katrina. I tried to contact several resorts in the area, but with no success. Though reports are conflicting, I'm going to summarize what I know so far about conditions in this city and the other areas affected by Katrina.
Yesterday, New Orleans Mayor Ray Nagin issued a statement saying that because of rising floodwaters, the entire city would have to be evacuated. The rising water is carrying sewage, human bodies and industrial waste, and it is feared that these contaminants will pose health risks to any who stay behind.
Today, people taking shelter from Katrina in the New Orleans Superdome have been relocated to the Astrodome in Houston, Texas.
Yesterday the death toll was reportedly 55 in New Orleans, 80 in Mississippi. Estimates vary widely, but the number of people dead or missing is likely to increase in the next few days. Rescuers in New Orleans are primarily focused on helping survivors rather than counting the dead.
Reports say that the flooding has been stabilized, and that the French Quarter remains dry. Because the French Quarter lies at a slightly higher elevation than the rest of the city, it may escape with only minor flooding. However looting is widespread throughout the city. At this time there have been reports of at least one shooting. There is no electricity, no fresh water, and minimal phone service. Contaminated floodwaters pose a severe hygiene risk, and cannot be pumped out of the city until the levves have been repaired. Because of this, only rescue personnel are allowed to enter the city at this time.
Mayor Nagin also advises that it may take as long as 12-16 weeks before people can enter New Orleans again.
For local news coverage of the situation in New Orleans, go to http://www.nola.com/.
New Orleans is undergoing a total evacuation due to widespread flooding from Lake Pontchartrain caused by hurricane Katrina. I tried to contact several resorts in the area, but with no success. Though reports are conflicting, I'm going to summarize what I know so far about conditions in this city and the other areas affected by Katrina.
Yesterday, New Orleans Mayor Ray Nagin issued a statement saying that because of rising floodwaters, the entire city would have to be evacuated. The rising water is carrying sewage, human bodies and industrial waste, and it is feared that these contaminants will pose health risks to any who stay behind.
Today, people taking shelter from Katrina in the New Orleans Superdome have been relocated to the Astrodome in Houston, Texas.
Yesterday the death toll was reportedly 55 in New Orleans, 80 in Mississippi. Estimates vary widely, but the number of people dead or missing is likely to increase in the next few days. Rescuers in New Orleans are primarily focused on helping survivors rather than counting the dead.
Reports say that the flooding has been stabilized, and that the French Quarter remains dry. Because the French Quarter lies at a slightly higher elevation than the rest of the city, it may escape with only minor flooding. However looting is widespread throughout the city. At this time there have been reports of at least one shooting. There is no electricity, no fresh water, and minimal phone service. Contaminated floodwaters pose a severe hygiene risk, and cannot be pumped out of the city until the levves have been repaired. Because of this, only rescue personnel are allowed to enter the city at this time.
Mayor Nagin also advises that it may take as long as 12-16 weeks before people can enter New Orleans again.
For local news coverage of the situation in New Orleans, go to http://www.nola.com/.
Beware of timeshare resales companies that have been in business less then three years or refuse to disclose their location. If they won't post their physical address on their site, or if they hide behind a PO Box... they're probably up to no good!
As I stated in earlier posts, my purpose for this timeshare weblog is to provide unbiased timeshare tips and advice for timeshare owners or potential timeshare owners instead of promoting my own company. However, for today, I would like to use my company Vacation Resellers as an example to make a few observations about the current state of the timeshare resales industry.
I have observed the timeshare resales industry grow and really start to get away from the negative image it once had. But , this multi-billion dollar industry still attracts its share of scam artist, copy cats and corporate identity thieves. Our own company was the victim of corporate identity theft. One of our very own employees stole our corporate trade secrets to pass them own to her scam artist son and business partner. They went on to open an office using all of our corporate trade secrets. They even went as far as copying words and statements from our web site word for word. Now only in business two years using our sales program they mislead people by posting false sales stats and statistics on their web site to make it appear they are a much bigger company then they really are. Buyer beware stay away from companies in business less then three years. They will eventually be shut down and you will loose your money.
This is why, even while the entire industry is reaping the long-term rewards earned by years of sound business practices by companies like ours that have been in business for years! It is an ugly fact that the timeshare resales industry is one of the industries where new scam artist are popping up and reaping the rewards of companies like ours that have been around for years with clean records and happy clients!
Every day high-pressure,deceptive timeshare sales tactics are being used, by hundreds of boiler-room operations throughout the world pitching prospects with false promises, and then proceed to high pressure their victims when they don't fall for there lies and false promises.They eventually take the money and run, go out of business or get shut down.
Timeshare owners and us resale companies have at least one thing in common: we are both sick and tired of the deceptive practices by these deceptive fly by night scam artist! As a resale company, we compete with some of the best scam artists in the world! It is frustrating to me to see these people actually make money in the timeshare resale market while at the same time dragging the entire industry through the dirt. They open up an office are around less then three years and steal as much money from customers as they can and then their gone.
It is time to put an end to these lousy business practices once and for all. One way we can do this is to educate first-time timeshare
buyers about the timeshare industry. Common sense dictates that a well-educated consumer is much harder to scam. The same consumer will respond well to honesty and fair treatment. This type of thinking has caught on in some areas of the timeshare sales community, and I think that it is time to apply it to the resale industry too.
Another way to promote better business practices is through Professionalism, ethics, reliability and dealing with companies that
have been in business over three years! For instance, a timeshare company that has been around less then three years has not stood the test of time. They have not been around long enough to build up an unhappy client base. To have complaints at the BBB or state attorney generals office. Or possibly even have there rights to charge credit card taken away due to excessive charge backs from unhappy customers. You'll find allot of our industry only in business for tow years. In this time they scam people out of there money and then by year three they have been shut down or go out of business. When looking to do business with a company in our industry or any industry for that matter choice one that has a track record three years or longer. After three years a company with no complaints and a happy client base has proven not to be a scam artist but a legitimate company that cares about its
customers.
Also a timeshare company that refuses to disclose its physical location is probably hiding something. If a company does not post its physical address on its web site, or hides behind a post office box, there's probably something funny going on. Maybe it's a one-man operation conducted from a basement somewhere. We've all heard stories about fraudulent businesses based out of a one bedroom apartment or someone's spare room in there house. The sad fact here is these home based companies are typically making more money then a legitimate office based company. They keep there expenses to a minimum while taking people for millions.
The bottom line is, if a company that claims to be a timeshare resale company will not give out its actual physical location, do not give them any money! If they have been around less then three years do not give them your money. If there web site looks like it has been copied by another companies site that has been in business longer then them, do not give them your money.
In the interest of promoting professionalism, ethics, reliability and over three years in business within the timeshare resale industry, we post our physical location and contact information on our main site. We are registered with the netcheck commerce bureau were you can see how long we have been in business and that we have no unhappy customers. I will even go as far to post a pictures of our corporate sales and marketing office! You will notice it is in a very upscale building. The scam artist in our industry rent out very cheap old and run down looking office buildings. Because again they are looking to scam and keep as much money from you as they can!
Here is a picture of our corporate sales and marketing office located here in Orlando Florida the timeshare capital of the world!
As I stated in earlier posts, my purpose for this timeshare weblog is to provide unbiased timeshare tips and advice for timeshare owners or potential timeshare owners instead of promoting my own company. However, for today, I would like to use my company Vacation Resellers as an example to make a few observations about the current state of the timeshare resales industry.
I have observed the timeshare resales industry grow and really start to get away from the negative image it once had. But , this multi-billion dollar industry still attracts its share of scam artist, copy cats and corporate identity thieves. Our own company was the victim of corporate identity theft. One of our very own employees stole our corporate trade secrets to pass them own to her scam artist son and business partner. They went on to open an office using all of our corporate trade secrets. They even went as far as copying words and statements from our web site word for word. Now only in business two years using our sales program they mislead people by posting false sales stats and statistics on their web site to make it appear they are a much bigger company then they really are. Buyer beware stay away from companies in business less then three years. They will eventually be shut down and you will loose your money.
This is why, even while the entire industry is reaping the long-term rewards earned by years of sound business practices by companies like ours that have been in business for years! It is an ugly fact that the timeshare resales industry is one of the industries where new scam artist are popping up and reaping the rewards of companies like ours that have been around for years with clean records and happy clients!
Every day high-pressure,deceptive timeshare sales tactics are being used, by hundreds of boiler-room operations throughout the world pitching prospects with false promises, and then proceed to high pressure their victims when they don't fall for there lies and false promises.They eventually take the money and run, go out of business or get shut down.
Timeshare owners and us resale companies have at least one thing in common: we are both sick and tired of the deceptive practices by these deceptive fly by night scam artist! As a resale company, we compete with some of the best scam artists in the world! It is frustrating to me to see these people actually make money in the timeshare resale market while at the same time dragging the entire industry through the dirt. They open up an office are around less then three years and steal as much money from customers as they can and then their gone.
It is time to put an end to these lousy business practices once and for all. One way we can do this is to educate first-time timeshare
buyers about the timeshare industry. Common sense dictates that a well-educated consumer is much harder to scam. The same consumer will respond well to honesty and fair treatment. This type of thinking has caught on in some areas of the timeshare sales community, and I think that it is time to apply it to the resale industry too.
Another way to promote better business practices is through Professionalism, ethics, reliability and dealing with companies that
have been in business over three years! For instance, a timeshare company that has been around less then three years has not stood the test of time. They have not been around long enough to build up an unhappy client base. To have complaints at the BBB or state attorney generals office. Or possibly even have there rights to charge credit card taken away due to excessive charge backs from unhappy customers. You'll find allot of our industry only in business for tow years. In this time they scam people out of there money and then by year three they have been shut down or go out of business. When looking to do business with a company in our industry or any industry for that matter choice one that has a track record three years or longer. After three years a company with no complaints and a happy client base has proven not to be a scam artist but a legitimate company that cares about its
customers.
Also a timeshare company that refuses to disclose its physical location is probably hiding something. If a company does not post its physical address on its web site, or hides behind a post office box, there's probably something funny going on. Maybe it's a one-man operation conducted from a basement somewhere. We've all heard stories about fraudulent businesses based out of a one bedroom apartment or someone's spare room in there house. The sad fact here is these home based companies are typically making more money then a legitimate office based company. They keep there expenses to a minimum while taking people for millions.
The bottom line is, if a company that claims to be a timeshare resale company will not give out its actual physical location, do not give them any money! If they have been around less then three years do not give them your money. If there web site looks like it has been copied by another companies site that has been in business longer then them, do not give them your money.
In the interest of promoting professionalism, ethics, reliability and over three years in business within the timeshare resale industry, we post our physical location and contact information on our main site. We are registered with the netcheck commerce bureau were you can see how long we have been in business and that we have no unhappy customers. I will even go as far to post a pictures of our corporate sales and marketing office! You will notice it is in a very upscale building. The scam artist in our industry rent out very cheap old and run down looking office buildings. Because again they are looking to scam and keep as much money from you as they can!
Here is a picture of our corporate sales and marketing office located here in Orlando Florida the timeshare capital of the world!
Our address is:
Vacation Resellers,Inc
4700 Millenia Blvd.
Suite 175
Orlando, FL 32839
Vacation Resellers,Inc
4700 Millenia Blvd.
Suite 175
Orlando, FL 32839
Please feel free to come and visit us anytime your in town!
WASHINGTON--BUSINESS WIRE--Aug. 16, 2005--Timeshare sales climbed 21.4 percent during 2004 to $7.87 billion over 2003 sales of $6.48 billion, according to a new study of the U.S. vacation ownership industry conducted by American Economic Group AEG on behalf of the ARDA International Foundation AIF. The survey of 466 timeshare resorts throughout the country also showed increases in new owners, new resorts, and the number of units.
As of January 1, 2005, there were 1,668 vacation ownership resorts operating in the U.S., reflecting a jump of 78 resorts, or 4.9 percent, over the last two years. The number of owners increased last year by 16.2 percent following an increase of 13.8 percent in 2003, bringing the total number of U.S. timeshare owners to 3.87 million, up from 3.4 million in 2003 and three million in 2002.
More and more Americans are choosing to own their vacations, as evidenced by the timeshare industry's consistently strong sales, said Howard Nusbaum, president and chief executive officer of ARDA. Consumers are attracted by the high quality and inherent flexibility of timeshare products and the expanding proliferation of amenities, services, and offerings, guaranteeing that the growth in vacation ownership will continue for years to come.
The number of timeshare units in the U.S., as of January 1, 2005 was 157,518. By far the largest segment by size is the two-bedroom, accounting for 70.5 percent of all available units. During 2005, 18,561 new units are expected to be completed, a projected 11.8 percent increase. An estimated 31,000 additional units are planned for future years.
The top 10 timeshare resort states accounted for 65 percent 1,088 of resorts in the country, with Florida leading the way with 378 resorts, or 22.7 percent. South Carolina followed with 130 resorts, or 7.8 percent, followed closely by California with 126, or 7.5 percent. The other top 10 states are Hawaii 91 resorts, Colorado 90, North Carolina 64, Nevada 58), Missouri 53, Texas 51, and Arizona 47.
The average price of a timeshare interval or points equivalent in 2004 was $15,789; prices climbed 4.6 percent in 2004 and 4.1 percent in 2003.
When asked which single characterization best described their resort location, almost one quarter 24.7 percent of study participants responded "seaside/beach location," followed by golfing, at 14.4 percent. Proximity to snow skiing and theme parks was named by 13.8 percent and 10.9 percent of the respondents, respectively.
Continuing the industry's trend toward high occupancy rates, 84.6 percent of the available inventory was occupied during 2004.
The ARDA International Foundation AIF conducts research and develops education programming for the timeshare industry. The American Resort Development Association is the Washington D.C.-based professional association representing the vacation ownership and resort development industries. Established in 1969, ARDA today has nearly 1,000 members ranging from privately held firms to publicly traded companies and international corporations with interests in timeshare resorts, community development, fractional ownership and resort communities. The membership also includes timeshare owner associations HOAs), resort management companies, and owners through the ARDA Resort Owners Coalition ARDA-ROC.
As of January 1, 2005, there were 1,668 vacation ownership resorts operating in the U.S., reflecting a jump of 78 resorts, or 4.9 percent, over the last two years. The number of owners increased last year by 16.2 percent following an increase of 13.8 percent in 2003, bringing the total number of U.S. timeshare owners to 3.87 million, up from 3.4 million in 2003 and three million in 2002.
More and more Americans are choosing to own their vacations, as evidenced by the timeshare industry's consistently strong sales, said Howard Nusbaum, president and chief executive officer of ARDA. Consumers are attracted by the high quality and inherent flexibility of timeshare products and the expanding proliferation of amenities, services, and offerings, guaranteeing that the growth in vacation ownership will continue for years to come.
The number of timeshare units in the U.S., as of January 1, 2005 was 157,518. By far the largest segment by size is the two-bedroom, accounting for 70.5 percent of all available units. During 2005, 18,561 new units are expected to be completed, a projected 11.8 percent increase. An estimated 31,000 additional units are planned for future years.
The top 10 timeshare resort states accounted for 65 percent 1,088 of resorts in the country, with Florida leading the way with 378 resorts, or 22.7 percent. South Carolina followed with 130 resorts, or 7.8 percent, followed closely by California with 126, or 7.5 percent. The other top 10 states are Hawaii 91 resorts, Colorado 90, North Carolina 64, Nevada 58), Missouri 53, Texas 51, and Arizona 47.
The average price of a timeshare interval or points equivalent in 2004 was $15,789; prices climbed 4.6 percent in 2004 and 4.1 percent in 2003.
When asked which single characterization best described their resort location, almost one quarter 24.7 percent of study participants responded "seaside/beach location," followed by golfing, at 14.4 percent. Proximity to snow skiing and theme parks was named by 13.8 percent and 10.9 percent of the respondents, respectively.
Continuing the industry's trend toward high occupancy rates, 84.6 percent of the available inventory was occupied during 2004.
The ARDA International Foundation AIF conducts research and develops education programming for the timeshare industry. The American Resort Development Association is the Washington D.C.-based professional association representing the vacation ownership and resort development industries. Established in 1969, ARDA today has nearly 1,000 members ranging from privately held firms to publicly traded companies and international corporations with interests in timeshare resorts, community development, fractional ownership and resort communities. The membership also includes timeshare owner associations HOAs), resort management companies, and owners through the ARDA Resort Owners Coalition ARDA-ROC.
Points-based timeshare ownership offers owners more flexibility, but there are some things about points systems that any timeshare owner should know.
The concept of points-based vacation ownership is one of the most significant innovations within the timeshare industry in recent years. The goal of this article is to illuminate some of the pros and cons frequently encountered by timeshare owners who buy into a points-based system of timeshare ownership.
First of all, timeshare owners who buy points often do not own them. Most resort chains/exchange companies hold these points in trust. This can pose advantages and disadvantages depending on the owner's particular needs and preferences. There are some exceptions to this statement, but by and large this is the case.
Points can be redeemable for a number of things, including airfare, hotels, and car rentals. Whereas this is an obvious convenience, points owners can expect to pay fees each time they use their points. For example, using points for plane tickets, renting a car at the airport, and staying overnight at a hotel could cost about $100.00 in accumulated fees.
Possibly worst of all, inflation often occurs with timeshare points. For example, if you have 150,000 points, you might be able to exchange these for a particular resort this year, but what about next year, when the resort you want suddenly costs 200,000 points?
Also, there may be additional restrictions imposed on the transfer of points between owners. This might make things difficult on the resale market. It is best to ask the timeshare seller or the home resort about any restrictions regarding the sale of timeshare points.
Though some difficulties arise, a points-based timeshare allows very flexible vacationing. Herein lies the real beauty of this type of ownership. Stay for as little or as long as you want! Points allow much greater freedom in determining a vacation itinerary.
Again, timeshare points can also be redeemed for a number of important vacation necessities, like hotel rooms, auto rentals, and airfare. Some theme parks even accept points toward tickets to their attractions.
Like everything else in the world of timeshare, a shrewd timeshare owner will learn how to benefit from these opportunities.
The concept of points-based vacation ownership is one of the most significant innovations within the timeshare industry in recent years. The goal of this article is to illuminate some of the pros and cons frequently encountered by timeshare owners who buy into a points-based system of timeshare ownership.
First of all, timeshare owners who buy points often do not own them. Most resort chains/exchange companies hold these points in trust. This can pose advantages and disadvantages depending on the owner's particular needs and preferences. There are some exceptions to this statement, but by and large this is the case.
Points can be redeemable for a number of things, including airfare, hotels, and car rentals. Whereas this is an obvious convenience, points owners can expect to pay fees each time they use their points. For example, using points for plane tickets, renting a car at the airport, and staying overnight at a hotel could cost about $100.00 in accumulated fees.
Possibly worst of all, inflation often occurs with timeshare points. For example, if you have 150,000 points, you might be able to exchange these for a particular resort this year, but what about next year, when the resort you want suddenly costs 200,000 points?
Also, there may be additional restrictions imposed on the transfer of points between owners. This might make things difficult on the resale market. It is best to ask the timeshare seller or the home resort about any restrictions regarding the sale of timeshare points.
Though some difficulties arise, a points-based timeshare allows very flexible vacationing. Herein lies the real beauty of this type of ownership. Stay for as little or as long as you want! Points allow much greater freedom in determining a vacation itinerary.
Again, timeshare points can also be redeemed for a number of important vacation necessities, like hotel rooms, auto rentals, and airfare. Some theme parks even accept points toward tickets to their attractions.
Like everything else in the world of timeshare, a shrewd timeshare owner will learn how to benefit from these opportunities.
10/08: Timeshare Resales Pricing:
Types of Timeshare Resorts Determining Resale Price:
1. TYPICAL: This includes at least 95% of timeshares that can viably be resold. The maximum resale prices average approximately 60% to 80% of the developer new price.
2. SPECIAL: This includes Marriott, Hilton, Four Seasons, and other major names where in addition to timeshare benefits, the owner can use credits for other things such as airline tickets, or accommodations in the chain's hotels worldwide. These special type of units typically resell for 50% to 85% of the developer new price.
3. MEXICO RESORTS: Depends on the city, but resale prices are typically slightly lower than category one above, and since the right to use is for a number of years, when the end is near the price drops.
Straight talk for serious sellers
Since our only business is timeshare resales we know that the above pricing estimates are accurate, so we strongly caution sellers:
If you encounter companies proposing substantially higher prices, examine their motive, no matter how impressive the company or sales pitch seems to be.
Is their only motive, like ours, to sell your timeshare?
Could they be trying to make the price enticing enough to extract some sort of advance fee from you?
We're confident you will find there is some other motive!
If you want to be the first person in your resort that we call with a buyer, take time to call us and get some guidance as to pricing, and take a look at the other listings in your resort!
Realize that in spite of our recommendations, most sellers overprice their listing to begin with, they won't sell, so don't take comfort in the many high prices you will see - but rather, think like a buyer and ask which listing would you buy?
Because the competition for buyers is so severe, we suggest sellers price at their firm lowest acceptable price, because wisely setting a price is different for timeshare than it is for a house:
Unlike timeshare, a house is individually unique and irreplaceable, so the seller commonly starts high, and then plans to come down later if needed.
But since timeshares are in such abundance, Internet buyers simply search for the lowest price and buy it.
The over-priced owner will simply be repeatedly passed-by and never see an offer.
1. TYPICAL: This includes at least 95% of timeshares that can viably be resold. The maximum resale prices average approximately 60% to 80% of the developer new price.
2. SPECIAL: This includes Marriott, Hilton, Four Seasons, and other major names where in addition to timeshare benefits, the owner can use credits for other things such as airline tickets, or accommodations in the chain's hotels worldwide. These special type of units typically resell for 50% to 85% of the developer new price.
3. MEXICO RESORTS: Depends on the city, but resale prices are typically slightly lower than category one above, and since the right to use is for a number of years, when the end is near the price drops.
Straight talk for serious sellers
Since our only business is timeshare resales we know that the above pricing estimates are accurate, so we strongly caution sellers:
If you encounter companies proposing substantially higher prices, examine their motive, no matter how impressive the company or sales pitch seems to be.
Is their only motive, like ours, to sell your timeshare?
Could they be trying to make the price enticing enough to extract some sort of advance fee from you?
We're confident you will find there is some other motive!
If you want to be the first person in your resort that we call with a buyer, take time to call us and get some guidance as to pricing, and take a look at the other listings in your resort!
Realize that in spite of our recommendations, most sellers overprice their listing to begin with, they won't sell, so don't take comfort in the many high prices you will see - but rather, think like a buyer and ask which listing would you buy?
Because the competition for buyers is so severe, we suggest sellers price at their firm lowest acceptable price, because wisely setting a price is different for timeshare than it is for a house:
Unlike timeshare, a house is individually unique and irreplaceable, so the seller commonly starts high, and then plans to come down later if needed.
But since timeshares are in such abundance, Internet buyers simply search for the lowest price and buy it.
The over-priced owner will simply be repeatedly passed-by and never see an offer.
10/08: Time-Share Resale Tips
A fixed week unit was convenient when you purchased your Time-Share, but doesn't fit in with your current lifestyle. Your family has grown or matured, and the destination no longer provides activities to suit everyone. Or perhaps the mortgage, taxes, and maintenance fees are a burden.
No matter what the reason, if you've decided to sell your Time-Share you no doubt want top dollar and a quick closing. For most sellers, those two events do not go hand-in-hand. In fact, owners who purchased a new time-share typically recover 60% of the original sales price when they decide to sell.
Realistic PricingPrice is the driving force for Time-Share resales.
If your Time-Share is part of a chain, where credits can be used for airline tickets or other accommodations, you may be able to recover a higher percentage of the unit's original price.
If you're in a real hurry to sell, keep the price low. Buyers are usually shown a list of time-shares grouped by resort. If other, similar units are priced lower, you can guess which one's they'll pursue.
You're the only one who can decide if holding out for a higher price outweighs the burden of paying ongoing maintenance fees and other expenses.
Know What You Own
Make sure you understand exactly what you are selling before you begin to market the Time-Share.
Do you have a deeded ownership in the property, or do you have a Right To Use (RTU) the Time-Share for a specified number of years? RTU agreements decrease dramatically in value as they near the expiration date.
Find all documents that pertain to the Time-Share, including mortgage information, tax records, and maintenance details.
A knowledgeable seller tackles a transaction in a confident manner. Be prepared to answer any (reasonable) question a potential buyer may have.
Listing With a Real Estate AgencyYou'll find many online and offline agencies that will list your time-share. Some charge an upfront fee, then a commission at the time of sale. Others work strictly on high commission typically 25-45%.
Fees and commissions vary, and are typically higher than those charged for a traditional real estate transaction. Vacation Resellers fee are the lowest in the industry!
Check each company's complaint records with the Better Business Bureau, and with the NetCheck Commerce Bureau!.
Ask each office to tell you--in detail--exactly how they plan to market your Time-Share.
Developer Resales
Resort developers sometimes offer resale programs. Salespeople working on-site do have easy access to buyers who are interested in that specific resort or chain, but their main focus may be selling new units.
Before you sign a contract, compare their fees and marketing practices with those of Vacation Resellers.
False Promises
The Time-Share resale market has attracted numerous scam artists. Be wary of anyone who promises you a quick sale. No one can guarantee that.
Other Resale Options
Auctions
Include your Time-Share listing on an auction service such as Vacation Resellers online timeshare auctions. Browse current and past auctions before you list your property. Note sales prices, and which descriptions sound most appealing. Incorporate the best marketing ideas into your own ad.
Exchanges
A one-time exchange isn't the answer if you wish to sell a time-share, but it might be the perfect solution if you simply want to change dates or locations.
Other Owners
If you have a fixed unit and time, find out who owns the Time-Share for the weeks just before and just after you. They might be interested in increasing their time.
Financing a Time-Share Resale
Developers offer programs to finance new Time-Shares, but it's difficult to finance a resale. Vacation Resellers can HELP.
No matter what the reason, if you've decided to sell your Time-Share you no doubt want top dollar and a quick closing. For most sellers, those two events do not go hand-in-hand. In fact, owners who purchased a new time-share typically recover 60% of the original sales price when they decide to sell.
Realistic PricingPrice is the driving force for Time-Share resales.
If your Time-Share is part of a chain, where credits can be used for airline tickets or other accommodations, you may be able to recover a higher percentage of the unit's original price.
If you're in a real hurry to sell, keep the price low. Buyers are usually shown a list of time-shares grouped by resort. If other, similar units are priced lower, you can guess which one's they'll pursue.
You're the only one who can decide if holding out for a higher price outweighs the burden of paying ongoing maintenance fees and other expenses.
Know What You Own
Make sure you understand exactly what you are selling before you begin to market the Time-Share.
Do you have a deeded ownership in the property, or do you have a Right To Use (RTU) the Time-Share for a specified number of years? RTU agreements decrease dramatically in value as they near the expiration date.
Find all documents that pertain to the Time-Share, including mortgage information, tax records, and maintenance details.
A knowledgeable seller tackles a transaction in a confident manner. Be prepared to answer any (reasonable) question a potential buyer may have.
Listing With a Real Estate AgencyYou'll find many online and offline agencies that will list your time-share. Some charge an upfront fee, then a commission at the time of sale. Others work strictly on high commission typically 25-45%.
Fees and commissions vary, and are typically higher than those charged for a traditional real estate transaction. Vacation Resellers fee are the lowest in the industry!
Check each company's complaint records with the Better Business Bureau, and with the NetCheck Commerce Bureau!.
Ask each office to tell you--in detail--exactly how they plan to market your Time-Share.
Developer Resales
Resort developers sometimes offer resale programs. Salespeople working on-site do have easy access to buyers who are interested in that specific resort or chain, but their main focus may be selling new units.
Before you sign a contract, compare their fees and marketing practices with those of Vacation Resellers.
False Promises
The Time-Share resale market has attracted numerous scam artists. Be wary of anyone who promises you a quick sale. No one can guarantee that.
Other Resale Options
Auctions
Include your Time-Share listing on an auction service such as Vacation Resellers online timeshare auctions. Browse current and past auctions before you list your property. Note sales prices, and which descriptions sound most appealing. Incorporate the best marketing ideas into your own ad.
Exchanges
A one-time exchange isn't the answer if you wish to sell a time-share, but it might be the perfect solution if you simply want to change dates or locations.
Other Owners
If you have a fixed unit and time, find out who owns the Time-Share for the weeks just before and just after you. They might be interested in increasing their time.
Financing a Time-Share Resale
Developers offer programs to finance new Time-Shares, but it's difficult to finance a resale. Vacation Resellers can HELP.
Timeshare, a concept whereby families purchase their holidays by the slice or weekly interval, has evolved much over the past thirty years.
Major companies such as Hilton, Hyatt and Marriot have added their household names to an industry that previously attracted too much attention to marketing tactics and perhaps not enough to valuable product development and delivery.
In the Middle East, markets such as Egypt, Lebanon, Jordon, Kuwait, Saudi Arabia and Yemen have been hosts to various marketing enterprises selling either local timeshare products or Mediterranean resorts, a playground for the Arab elite.
The idea of using a Franchise model has, however, not been so quick to catch on in this region.
One reason is that most developments organize their own selling, and are single site developers.
World Class Vacation Club, a Multi-Destination Club, has successfully penetrated several markets in the region and beyond through its relationship with Platinum Resorts International over the past five years.
Today, Platinum Resorts International, a company wih 12 years experience in that market. has announced that it has finally acquired the Master Worldwide Franchise License of World Class Vacation Club.
Platinum has launched its market search for qualified distributors and franchisees throughout the Middle East, Europe, and Asia.
We have created synergistic components that a normal broker-agent program would not be able to provide says Bassam Nakad, VP of the Group.
Our target market for these franchise opportunities are travel agents, timeshare executives or entrepreneurs in the market where they have established credibility and roots.
We see tremendous opportunities in this business model, by tapping into the entrepreneurial skills of so many promising experienced timeshare executives and managers worldwide, our ability to deliver World Class products to this new potential audience is in concert with our goals said Bassam Nakad.
Resort Franchise Associates, based in Beirut, is the trade name of the franchisor's marketing arm. Resort Franchise Associates will seek relationship development with business partners in Dubai, Libya, and UAE and throughout the Middle East.
Platinum Resorts International, a company founded in 1994, currently utilizes franchise agreements in Eastern Europe and the Middle East, and will expand its growth rate and distribution channels through qualified operators selling the World Class brand.
Resort Franchise Associates will also offer B2B relationship products to existing timeshare developers or timeshare associations who are in resorts which are sold out to offer additional benefits packages to their member base.
The company has seen emerging markets in China and Dubai and Croatia as real areas of great potential to match the needs of customers in those booming markets.
We are actually looking for responsible ethical partners to grow our business with and to protect our brands, and return the franchisee many more rewards that they could ever receive with a typical timeshare job, commented Mr. Michael Tolan, President of Platinum Resorts International
Our brand will enjoy growth and as our member base expands and is responsibly promoted, and as this happens we will continue to add more value to our customer base, with benefits often tailored to individual markets, he continued.
Major companies such as Hilton, Hyatt and Marriot have added their household names to an industry that previously attracted too much attention to marketing tactics and perhaps not enough to valuable product development and delivery.
In the Middle East, markets such as Egypt, Lebanon, Jordon, Kuwait, Saudi Arabia and Yemen have been hosts to various marketing enterprises selling either local timeshare products or Mediterranean resorts, a playground for the Arab elite.
The idea of using a Franchise model has, however, not been so quick to catch on in this region.
One reason is that most developments organize their own selling, and are single site developers.
World Class Vacation Club, a Multi-Destination Club, has successfully penetrated several markets in the region and beyond through its relationship with Platinum Resorts International over the past five years.
Today, Platinum Resorts International, a company wih 12 years experience in that market. has announced that it has finally acquired the Master Worldwide Franchise License of World Class Vacation Club.
Platinum has launched its market search for qualified distributors and franchisees throughout the Middle East, Europe, and Asia.
We have created synergistic components that a normal broker-agent program would not be able to provide says Bassam Nakad, VP of the Group.
Our target market for these franchise opportunities are travel agents, timeshare executives or entrepreneurs in the market where they have established credibility and roots.
We see tremendous opportunities in this business model, by tapping into the entrepreneurial skills of so many promising experienced timeshare executives and managers worldwide, our ability to deliver World Class products to this new potential audience is in concert with our goals said Bassam Nakad.
Resort Franchise Associates, based in Beirut, is the trade name of the franchisor's marketing arm. Resort Franchise Associates will seek relationship development with business partners in Dubai, Libya, and UAE and throughout the Middle East.
Platinum Resorts International, a company founded in 1994, currently utilizes franchise agreements in Eastern Europe and the Middle East, and will expand its growth rate and distribution channels through qualified operators selling the World Class brand.
Resort Franchise Associates will also offer B2B relationship products to existing timeshare developers or timeshare associations who are in resorts which are sold out to offer additional benefits packages to their member base.
The company has seen emerging markets in China and Dubai and Croatia as real areas of great potential to match the needs of customers in those booming markets.
We are actually looking for responsible ethical partners to grow our business with and to protect our brands, and return the franchisee many more rewards that they could ever receive with a typical timeshare job, commented Mr. Michael Tolan, President of Platinum Resorts International
Our brand will enjoy growth and as our member base expands and is responsibly promoted, and as this happens we will continue to add more value to our customer base, with benefits often tailored to individual markets, he continued.
Vacation Ownership/Timeshare offers many advantages over traditional vacations. Quality, flexibility, and choice are just a few of the benefits timesharing has to offer. www.InsiderViewpoint.com/TS, consumers discover the many benefits of Vacation Own...
Las Vegas, NV (PRWEB) July 12, 2005 -InsiderViewpoint.com has launched a new division of its travel guides to cities that gives vacationers the opportunity to learn about the many benefits of Vacation Ownership / Timeshare while getting paid a new trend that pays! By visiting www.InsiderViewpoint.com/TS, consumers can sign up to attend a 90 minute presentation, earn $125 with no obligation to purchase anything and see the many advantages of Vacation Ownership / Timeshare over traditional vacations.
There are many reasons why people are increasingly choosing Vacation Ownership / Timeshare for their vacations. Each person"s needs are slightly different and Vacation Ownership / Timeshare caters to their individual desires. Below are listed just a few of the highlights that stimulate people to become owners of Vacation Ownership / Timeshare Resorts.
Quality Accommodations Vacation Ownership / Timeshare resorts offer many amenities including nicely furnished rooms, full or partial kitchens, laundry facilities, and other conveniences that truly make it a home away from home.
Flexible Vacation / Timeshare owners have their choice of location, accommodation, and date. Owners can choose locations from the beach to the mountains in cities all over the world and from one bedroom hotels to multiple bedroom villas. Furthermore, vacation/timeshare owners can choose any time of the year to vacation.
Exchangeable Owners are able to exchange their vacation time for a comparable vacation with other resorts. In addition, Vacation / Timeshare owners can use the vacation time for themselves or offer it to a friend/relative.
Worry Free Once you leave your resort, you have no concerns because someone else is responsible for maintaining the property, the surrounding area including security and insurance. You just return each year and enjoy!
Price Protection Vacation Ownership / Timeshare guarantees you a set price to purchase one weeks use, or more, to be used each year regardless of how expensive surrounding area homes/condos become. You can lock in a cost now and enjoy the benefits the rest of your life.
All these benefits contribute to the high satisfaction levels that Vacation / Timeshare owners consistently enjoy year after year. As Howard C. Nusbaum, President of American Resort Development Association, states, Timeshare is a truly universal vacation product: it can match virtually any lifestyle, vacation need and budget. That versatility makes timeshare a real opportunity.
InsiderViewpoint.com is an independent online consumer publication that does not own, sell, rent, trade or conduct any business regarding the products of the Vacation Ownership / Timeshare resort industry. They are not a real estate company, mortgage company, and no employee for InsiderViewpoint.com is even a real estate agent. InsiderViewpoint.com has never owned, operated a Vacation Ownership / Timeshare resort anywhere in the world. For more information on this new concept, visit www.insiderviewpoint.com/TS.
Las Vegas, NV (PRWEB) July 12, 2005 -InsiderViewpoint.com has launched a new division of its travel guides to cities that gives vacationers the opportunity to learn about the many benefits of Vacation Ownership / Timeshare while getting paid a new trend that pays! By visiting www.InsiderViewpoint.com/TS, consumers can sign up to attend a 90 minute presentation, earn $125 with no obligation to purchase anything and see the many advantages of Vacation Ownership / Timeshare over traditional vacations.
There are many reasons why people are increasingly choosing Vacation Ownership / Timeshare for their vacations. Each person"s needs are slightly different and Vacation Ownership / Timeshare caters to their individual desires. Below are listed just a few of the highlights that stimulate people to become owners of Vacation Ownership / Timeshare Resorts.
Quality Accommodations Vacation Ownership / Timeshare resorts offer many amenities including nicely furnished rooms, full or partial kitchens, laundry facilities, and other conveniences that truly make it a home away from home.
Flexible Vacation / Timeshare owners have their choice of location, accommodation, and date. Owners can choose locations from the beach to the mountains in cities all over the world and from one bedroom hotels to multiple bedroom villas. Furthermore, vacation/timeshare owners can choose any time of the year to vacation.
Exchangeable Owners are able to exchange their vacation time for a comparable vacation with other resorts. In addition, Vacation / Timeshare owners can use the vacation time for themselves or offer it to a friend/relative.
Worry Free Once you leave your resort, you have no concerns because someone else is responsible for maintaining the property, the surrounding area including security and insurance. You just return each year and enjoy!
Price Protection Vacation Ownership / Timeshare guarantees you a set price to purchase one weeks use, or more, to be used each year regardless of how expensive surrounding area homes/condos become. You can lock in a cost now and enjoy the benefits the rest of your life.
All these benefits contribute to the high satisfaction levels that Vacation / Timeshare owners consistently enjoy year after year. As Howard C. Nusbaum, President of American Resort Development Association, states, Timeshare is a truly universal vacation product: it can match virtually any lifestyle, vacation need and budget. That versatility makes timeshare a real opportunity.
InsiderViewpoint.com is an independent online consumer publication that does not own, sell, rent, trade or conduct any business regarding the products of the Vacation Ownership / Timeshare resort industry. They are not a real estate company, mortgage company, and no employee for InsiderViewpoint.com is even a real estate agent. InsiderViewpoint.com has never owned, operated a Vacation Ownership / Timeshare resort anywhere in the world. For more information on this new concept, visit www.insiderviewpoint.com/TS.
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