Friday, March 29, 2013
Save Money, By Using Timeshares To Vacation
The rationale is that since the money will be spent on vacations anyway, why not save by investing in a timeshare vacation plan? For example, when you invest in the RCI (Resort Condominiums International, LLC) timeshares, you get to visit different destinations. Here is how it works.
A Timeshare plan can also be viewed as an asset. It can be transferred to somebody else as a gift, or passed down to children or other family members. It can also be sold for a profit years down the road. That's because prices of vacation packages rise year after year. So the value of the Timeshare plan also goes up.
As a member, you get to enjoy special privileges that the general public does not enjoy. For example, you will receive guest certificates. These, again, can be given away to friends and family members as gifts. Or you may decide to keep them as use them yourself.
Thursday, March 21, 2013
Timeshare Resales Continue to Dominate the Market
Timeshare resales
have continued to play a big role in the timeshare market these days
since the economy has taken a turn for the worst. Timeshare resales
offer the ability for owners of Timeshare to invest in a timeshare in a
different location. Timeshare resales also offer new buyers to get great
deals on timeshare that they would not have gotten from a typical
timeshare company. Online forums that allow and encourage timeshare
resales give buyers and sellers direct contact so that they get the best
prices on their exchange. By not going through an intermediary such as a
travel agent or some timeshare companies that take a good size cut out
of the timeshare sales, both buyers and sellers will save a lot of
money. Timeshare resales not only save both the buyer and seller money
but it allows for new introductions into the timeshare market. This way
people will have far greater choices when deciding to participate in the
timeshare rental exchange program. The timeshare rental exchange
program allows people with associated Timeshare around the world to
trade and utilize the connection. Being able to trade your timeshare for
another allows you to travel the world without all of the stress of
worrying and planning. The stress and worry that comes along with
planning a family vacation is no longer necessary now that your world
has been opened up to timeshare resales.
Timeshare resales have been very popular during this tumultuous market because it saves both buyers and sellers a lot of money. People who are looking to purchase a timeshare rental can get amazing deals online through timeshare resales. Other advantages of looking for timeshare resales online include not having to deal with annoying and badgering travel agents. Most of the time travel agents are trying to hurry you into something that might not be the best situation for you. However with online timeshare resales you are able to browse listings in the comfort of your own home. You are also able to browse timeshare resales at your own leisure so that way you are deciding when you have some time to dedicate to finding awesome deal. No matter what you are looking for you are sure to find it online because thousands of people list their timeshare rentals everyday. Timeshare have the ability to accommodate a large group of friends and family or be the medium for a romantic getaway. Whatever you are looking for in a vacation a timeshare rental can provide that for you. You don't have to deal with annoying sales people who will try to pressure you into buying something that you do not want or need. In order to not waste your time, money, and efforts shopping for a timeshare resale online is the best bet. Taking your family on a vacation that has the most comfortable accommodations, most luxurious amenities, and the greatest time of your life. Take advantage of timeshare resales this holiday season and be the hero of your family.
Timeshare resales have been very popular during this tumultuous market because it saves both buyers and sellers a lot of money. People who are looking to purchase a timeshare rental can get amazing deals online through timeshare resales. Other advantages of looking for timeshare resales online include not having to deal with annoying and badgering travel agents. Most of the time travel agents are trying to hurry you into something that might not be the best situation for you. However with online timeshare resales you are able to browse listings in the comfort of your own home. You are also able to browse timeshare resales at your own leisure so that way you are deciding when you have some time to dedicate to finding awesome deal. No matter what you are looking for you are sure to find it online because thousands of people list their timeshare rentals everyday. Timeshare have the ability to accommodate a large group of friends and family or be the medium for a romantic getaway. Whatever you are looking for in a vacation a timeshare rental can provide that for you. You don't have to deal with annoying sales people who will try to pressure you into buying something that you do not want or need. In order to not waste your time, money, and efforts shopping for a timeshare resale online is the best bet. Taking your family on a vacation that has the most comfortable accommodations, most luxurious amenities, and the greatest time of your life. Take advantage of timeshare resales this holiday season and be the hero of your family.
Tuesday, March 19, 2013
How Do I Sell My Timeshare
If there comes time when you need to unload your timeshare
you may find yourself asking the simple question "How do I sell my
timeshare?" Doing so is not always the easiest proposition in the world
and there are many people out there who say they can help you.
Unfortunately there are also a multitude of scammers out there who take
advantage of timeshare owners looking to sell. But if you pay attention
to following 5 tips it can make the process relatively easy and protect
you from those who would take advantage of your situation.
1. Know your position ' You do need to understand that selling a timeshare is not easy and selling to make a profit is nearly impossible. It's simply the law of supply and demand at work that causes this because there is a large supply of timeshares available on the market today. And with the resort industry adding more units to the timeshare market every year it will continue to be this way for the foreseeable future. Knowing this can help keep your expectations from getting the best of you.
2. Know your limitations ' Most timeshares are bought through either a developer or a timeshare marketing company. They have large marketing budgets and are able to hot "Free Vacation Timeshare" weekends in which they host prospective buyers for free. As a private seller you will not be able to do this limiting your exposure to get your property in front of potential buyers.
3. Price to sell and know the market ' Your chances of selling a timeshare for a profit are slim but it is possible to get out of the payments and hassles of owning a timeshare. Look at what other timeshares in your market have sold for and try not to pay attention to the list prices. Knowing this can help you properly price your timeshare in a competitive market.
4. Use cost effective advertising ' The best place to advertise your timeshare is on the internet. There are a variety of websites to specialize in timeshare for sale ads and many are free of charge. You can also post in newsgroups and forums that are specific to that industry. This gets your information in front of people who are interested in buying timeshares.
5. Brokers ' If time is of the essence then consider a resale broker. They can help you get the exposure you need to the buying public and help you sell it in a timely manner. Just remember that using a broker will cost you and many charge an upfront fee to help you sell your timeshare. This does not mean that you can't ask if they will take it on a commission basis as many will work with you depending on your situation.
Selling a timeshare is not easy but if you do your research up front you can easily avoid the scammers who are waiting to take advantage of you. Keep these tips in mind and be prepared to keep your expectations under control. With the right perspective you can sell your timeshare with out to much hassle.
1. Know your position ' You do need to understand that selling a timeshare is not easy and selling to make a profit is nearly impossible. It's simply the law of supply and demand at work that causes this because there is a large supply of timeshares available on the market today. And with the resort industry adding more units to the timeshare market every year it will continue to be this way for the foreseeable future. Knowing this can help keep your expectations from getting the best of you.
2. Know your limitations ' Most timeshares are bought through either a developer or a timeshare marketing company. They have large marketing budgets and are able to hot "Free Vacation Timeshare" weekends in which they host prospective buyers for free. As a private seller you will not be able to do this limiting your exposure to get your property in front of potential buyers.
3. Price to sell and know the market ' Your chances of selling a timeshare for a profit are slim but it is possible to get out of the payments and hassles of owning a timeshare. Look at what other timeshares in your market have sold for and try not to pay attention to the list prices. Knowing this can help you properly price your timeshare in a competitive market.
4. Use cost effective advertising ' The best place to advertise your timeshare is on the internet. There are a variety of websites to specialize in timeshare for sale ads and many are free of charge. You can also post in newsgroups and forums that are specific to that industry. This gets your information in front of people who are interested in buying timeshares.
5. Brokers ' If time is of the essence then consider a resale broker. They can help you get the exposure you need to the buying public and help you sell it in a timely manner. Just remember that using a broker will cost you and many charge an upfront fee to help you sell your timeshare. This does not mean that you can't ask if they will take it on a commission basis as many will work with you depending on your situation.
Selling a timeshare is not easy but if you do your research up front you can easily avoid the scammers who are waiting to take advantage of you. Keep these tips in mind and be prepared to keep your expectations under control. With the right perspective you can sell your timeshare with out to much hassle.
Tuesday, March 12, 2013
The Truth About Fees And Selling A Timeshare
There are many stories of fees being payed to sell timeshares. Some
good,some bad. The truth is sometimes selling a timeshare can be hard.
It can take time and you won't get resort prices. And timeshare owners
feel well stuck. You want it to be sold like traditonal real estate. But
that isn't realisitic and and a timeshare isn't real estate. You can't
go up to your suite grab a couch toss it in the back of a truck and
leave with it. You don't really own anything. Fact is you really won't
find any real estate brokers that will work on timeshares. The reason is
simple they can spend hundreds of dollars advertising a timeshare for
sale but when all is said and done if they sell your timeshare ant
commission they would have made was already spent in finding a buyer. Or
they can put a for sale by owner sighn in front of a house, wait for
someone to drive by and make thousands of dollars in commission it is
pretty clear cut where they will put there effort.
As a seller you have to understand the fact that there is expense involved in selling a timeshare,
First of all, you have company employees (sales staff, admin staff, closing staff, customer support, and IT staff), an office building, operating expenses.
Second you have advertising and marketing expenses, which is where the majority of the money is spent. We use many different methods to bring buyers and sellers together, telesales, direct mail, email marketing, our website these thins all cost money. For example if you were to call your resort to get a list of owners to call thru to see if any want to buy more they would give you a list but they would charge you for it. If you were to call a newspaper and ask to run an add to sell your timeshare, they would do it but they would charge you for it.
The majority of the fee we collect goes right to the marketing of the timeshares. Getting you the exposure you need to sell. Because that is what it takes exposure. People have to know its for sale or simply can't sell it.
You have to let people know it is for sale. You have to be willing to accept the fact that you won't get what you paid for it. Our staff can assist you in every step of the process.
As a seller you have to understand the fact that there is expense involved in selling a timeshare,
First of all, you have company employees (sales staff, admin staff, closing staff, customer support, and IT staff), an office building, operating expenses.
Second you have advertising and marketing expenses, which is where the majority of the money is spent. We use many different methods to bring buyers and sellers together, telesales, direct mail, email marketing, our website these thins all cost money. For example if you were to call your resort to get a list of owners to call thru to see if any want to buy more they would give you a list but they would charge you for it. If you were to call a newspaper and ask to run an add to sell your timeshare, they would do it but they would charge you for it.
The majority of the fee we collect goes right to the marketing of the timeshares. Getting you the exposure you need to sell. Because that is what it takes exposure. People have to know its for sale or simply can't sell it.
You have to let people know it is for sale. You have to be willing to accept the fact that you won't get what you paid for it. Our staff can assist you in every step of the process.
Friday, March 8, 2013
Family Vacation
Are we finally there yet, the age old question, how many times have
we even ever heard words and phrases words from the back seats, in the
family vehicle.
The family vacation, quality time with the ones that mean the most, we made sure we crammed absolutely everything into the car, only to realize, we seem to have to buy, a few toothbrushes, and maybe a couple pairs of socks. Or not stopping to ask for directions which transform, what probably should have been a two hour excursion, to an all day journey.
And given enough time of course you at some point get there the. But wait a minute, I reserved a five-star hotel, with a pool, and jaccuzi. Well there are a handful of things that can't be changed, the socks, the directions, and the fact that we neglected to come up with virtually anyone to keep an eye the dog, and why would we, that is part of the trip.
Despite all that when it comes to the accomadations, you dont have to settle for average. Not anymore. There are new options that include you and your family, getting a five star suite, for two star price tags. Try time sharing with a changing economic climate, and the current owners attempting to liquidate, you can acquire a 5 star vacation experience, that will create ongoing memories, something the family can use time after time, selling prices are at an all time low, so locate your toothbrush and cook up some memories.
sellmytimeshare4cash.com
The family vacation, quality time with the ones that mean the most, we made sure we crammed absolutely everything into the car, only to realize, we seem to have to buy, a few toothbrushes, and maybe a couple pairs of socks. Or not stopping to ask for directions which transform, what probably should have been a two hour excursion, to an all day journey.
And given enough time of course you at some point get there the. But wait a minute, I reserved a five-star hotel, with a pool, and jaccuzi. Well there are a handful of things that can't be changed, the socks, the directions, and the fact that we neglected to come up with virtually anyone to keep an eye the dog, and why would we, that is part of the trip.
Despite all that when it comes to the accomadations, you dont have to settle for average. Not anymore. There are new options that include you and your family, getting a five star suite, for two star price tags. Try time sharing with a changing economic climate, and the current owners attempting to liquidate, you can acquire a 5 star vacation experience, that will create ongoing memories, something the family can use time after time, selling prices are at an all time low, so locate your toothbrush and cook up some memories.
sellmytimeshare4cash.com
Sunday, February 24, 2013
Buying a Timeshare - A Good Vacation and A Good Investment
There are several key factors you must consider in order to
avoid overpaying for timeshare resales. In this article you'll
learn the steps necessary for you to learn how to minimize your
costs - yet still buy a timeshare that has powerful exchange
value through RCI and Interval Int'l.
1. Understand Resort Ratings.
If you want to get the most timeshare for the money do NOT insist that the resort be rated Gold Crown or 5-Star.
Contrary to popular opinion, a resort rating of Gold Crown or 5-Star has little to do with exchange power. Why pay more than you need? Non rated resorts in high demand areas will trade just fine into Gold Crown and 5-Star resorts.
There is a myth out there that you have to own Gold Crown or 5-Star to exchange for same. This is not true. In fact ownership in rated resorts can actually LIMIT your exchange!
2. Buy in a High Demand Area.
By far the single most important factor in determining trade power is location, location, location!
Remember that past demand for a particular resort is the key factor built into the exchange company software which determines what you will be offered in exchange.
Examples of high demand areas are Hawaii, California Coastal, Palm Springs Winter, Florida Coastal and Orlando, the Caribbean, Cancun, Cabo San Lucas, Myrtle Beach, Hilton Head Island, ski areas, - in short, any area that is short of timeshare space relative to a high number of people wanting to vacation in that area.
3. Buy Prime Season
If you buy prime season, you won't be restricted as to what time of the year you can request to exchange - you can request any time of year for your destination resort.
4. Buy in a Resort That Has a Reasonable Maintenance Fee.
Since maintenance fees go on forever, don't buy in a resort with an extra high maintenance fee. (Unless perhaps you can buy truly below bargain-basement price.)
5. Buy as Inexpensively as Possible.
Remember that your goal is to minimize your cost; It is easy to lose focus and start assigning importance to features that have nothing to do with how well the timeshare will exchange.
You may not even like the timeshare, but who cares?
If it is located in a hotly-demanded area and you buy inexpensively, it will serve well to trade you into the finest resorts. When you save thousands of dollars by buying it, you can trade for may decades before the exchange fees would equal what you saved by buying right in the first place!
6. Buy Through a Licensed Resale Broker.
It can hardly be imagined the number of problems and challenges that come up in performing what would seem to be a very simple transfer of ownership.
A licensed Broker has a lot to lose if dealing fraudulently with the public, unfortunately the same cannot be said if you deal with individual sellers or non-licensed companies, so why do it? Be sure all funds are held in a Trust Account until closing.
7. Receive Title Insurance, If it Is Available.
Title Insurance is available on most deeded timeshare purchases. It is your assurance that you are receiving clear title with no liens or judgements attached to the property.
8. Verify the Details of Your First Year's Use.
Many misunderstandings in a timeshare purchase center around as to when the buyer can first use the timeshare, whether the week is banked, and many other details. Whatever your understanding is, have it verified in writing with the exchange company, the resort management company, and the seller.
9. After the Sale Closes, Verify That the Change of Ownership Gets Done on the Resort Computer.
This is a crucial step, because it is common for the resort to either take a long time, or forget entirely to make the ownership change on the computer.
1. Understand Resort Ratings.
If you want to get the most timeshare for the money do NOT insist that the resort be rated Gold Crown or 5-Star.
Contrary to popular opinion, a resort rating of Gold Crown or 5-Star has little to do with exchange power. Why pay more than you need? Non rated resorts in high demand areas will trade just fine into Gold Crown and 5-Star resorts.
There is a myth out there that you have to own Gold Crown or 5-Star to exchange for same. This is not true. In fact ownership in rated resorts can actually LIMIT your exchange!
2. Buy in a High Demand Area.
By far the single most important factor in determining trade power is location, location, location!
Remember that past demand for a particular resort is the key factor built into the exchange company software which determines what you will be offered in exchange.
Examples of high demand areas are Hawaii, California Coastal, Palm Springs Winter, Florida Coastal and Orlando, the Caribbean, Cancun, Cabo San Lucas, Myrtle Beach, Hilton Head Island, ski areas, - in short, any area that is short of timeshare space relative to a high number of people wanting to vacation in that area.
3. Buy Prime Season
If you buy prime season, you won't be restricted as to what time of the year you can request to exchange - you can request any time of year for your destination resort.
4. Buy in a Resort That Has a Reasonable Maintenance Fee.
Since maintenance fees go on forever, don't buy in a resort with an extra high maintenance fee. (Unless perhaps you can buy truly below bargain-basement price.)
5. Buy as Inexpensively as Possible.
Remember that your goal is to minimize your cost; It is easy to lose focus and start assigning importance to features that have nothing to do with how well the timeshare will exchange.
You may not even like the timeshare, but who cares?
If it is located in a hotly-demanded area and you buy inexpensively, it will serve well to trade you into the finest resorts. When you save thousands of dollars by buying it, you can trade for may decades before the exchange fees would equal what you saved by buying right in the first place!
6. Buy Through a Licensed Resale Broker.
It can hardly be imagined the number of problems and challenges that come up in performing what would seem to be a very simple transfer of ownership.
A licensed Broker has a lot to lose if dealing fraudulently with the public, unfortunately the same cannot be said if you deal with individual sellers or non-licensed companies, so why do it? Be sure all funds are held in a Trust Account until closing.
7. Receive Title Insurance, If it Is Available.
Title Insurance is available on most deeded timeshare purchases. It is your assurance that you are receiving clear title with no liens or judgements attached to the property.
8. Verify the Details of Your First Year's Use.
Many misunderstandings in a timeshare purchase center around as to when the buyer can first use the timeshare, whether the week is banked, and many other details. Whatever your understanding is, have it verified in writing with the exchange company, the resort management company, and the seller.
9. After the Sale Closes, Verify That the Change of Ownership Gets Done on the Resort Computer.
This is a crucial step, because it is common for the resort to either take a long time, or forget entirely to make the ownership change on the computer.
Friday, February 22, 2013
The Seawatch at Island Club has received the “Resort of the Year” award from SPM Resorts.
Located in Hilton Head Island, South Carolina, this resort is among 36
SPM resort properties with more than 100,000 members. It is the fifth
time this resort has won this award, including 2004, 2005, 2006 and
2010. The resort has been managed by SPM Resorts since 1996 and has been
recognized by RCI with the Gold Crown award for 11 consecutive years.
Since 1979, SPM has offered professional management services
to timeshare resorts, hotels, restaurants, marinas and other resort
properties and is dedicated to ensuring a positive vacation experience
for guests and owners. Their portfolio includes financial and accounting
services, rentals, resales and communications for owners and boards of
directors.
Tuesday, February 5, 2013
Buying Your First Timeshare
Buying your first timeshare shouldn’t be anything to be
afraid of as long as you enter the process prepared. The
timeshare was born out of a good idea but has gotten
somewhat of a ‘bad rap’ over the years because of
unscrupulous marketers taking advantage of ‘fine print’
and slick sales tactics but there’s nothing
intrinsically wrong with buying a timeshare as long as
you know what you’re doing.
First of all, a little background:
“Timeshare” means exactly what it says. It’s when several people share, over the course of a year, the use of a desirable piece of property, usually a condo unit, apartment, bungalow or cottage of some sort. Sometime it’s a free standing unit and sometimes it’s one unit of a multi-unit building…..it just depends.
What has tarnished the reputation of the timeshare industry has been the public misunderstanding of the fees involved (specifically the ‘maintenance fee’), the difficulty in reselling or transferring them to somebody else in the event you decide you don’t like or want it anymore, and the sales tactics of many of the companies who sell them.
The problem with the ‘maintenance fee’, in essence is the fact that you have to pay it whether you use the unit or not. It doesn’t look like much when expressed on a daily (AKA: ‘per diem’) basis but remember that you pay it for the whole year whether you use the unit or not. And sometimes it can escalate with cost of living and/or other factors.
Looked at from the timeshare company’s viewpoint, this what makes timeshare sales so attractive to them…i.e they get to sell the same piece of property 52 times to 52 different buyers (timeshares are generally for one week periods).
That being said, timeshares can still be a good investment because they are generally kept up very well, you usually get amenities in timeshares that you wouldn’t get in most hotels and (as already mentioned) sometimes the timeshares are in areas where you otherwise could never vacation.
If you buy a timeshare you need to plan very carefully….i.e. plan where to buy, what company to buy from, read your contract very, very carefully, be sure you understand everything in your contract, and be sure you can afford the lifetime cost of the contract.
Be sure that you really, really like the area where your timeshare is because, depending on a variety of factors, you may not be able to exchange it for a timeshare somewhere else later. There are associations within which timeshare owners can exchange timeshare units amongst themselves, but again, this just adds to the complexity of timeshare ownership.
You also need to be very careful of the company you purchase your timeshare from. Some companies have very bad reputations due to shady, high-pressure sales tactics. Even though all US states and even Mexico have mandatory ‘cooling off’ periods during which you can cancel, companies have ways of trying to get around them too if they want to. Your best bet is just to not deal with companies with bad reputations.
Last but not least, be sure you read every sentence in your contract. It’s a legal document and you can be sure that it was put together by a very sharp lawyer who does not work for you but rather for the timeshare company. In fact, he/she probably got a timeshare unit thrown into their compensation package.
There is one way to seriously tilt the odds in your favor though if you really, really want to own a timeshare. There is a huge market of ‘used’ or resold timeshares available. Just like so many other things, the best place to find them is ‘on the net’.
In these situations somebody wants to get out of their existing contract or sub-lease their time). Regardless of their reason for wanting ‘out’….you can get timeshares for pennies on the dollar this way. In most cases, it’s the same unit that other buys are paying more money for. Just like in real estate….you might find a unit that somebody just simply doesn’t want. Their loss is your gain and you’re usually doing them a favor by taking the unit off their hands.
But again….be careful what you sign. Once you do…enjoy your vacation!
First of all, a little background:
“Timeshare” means exactly what it says. It’s when several people share, over the course of a year, the use of a desirable piece of property, usually a condo unit, apartment, bungalow or cottage of some sort. Sometime it’s a free standing unit and sometimes it’s one unit of a multi-unit building…..it just depends.
What has tarnished the reputation of the timeshare industry has been the public misunderstanding of the fees involved (specifically the ‘maintenance fee’), the difficulty in reselling or transferring them to somebody else in the event you decide you don’t like or want it anymore, and the sales tactics of many of the companies who sell them.
The problem with the ‘maintenance fee’, in essence is the fact that you have to pay it whether you use the unit or not. It doesn’t look like much when expressed on a daily (AKA: ‘per diem’) basis but remember that you pay it for the whole year whether you use the unit or not. And sometimes it can escalate with cost of living and/or other factors.
Looked at from the timeshare company’s viewpoint, this what makes timeshare sales so attractive to them…i.e they get to sell the same piece of property 52 times to 52 different buyers (timeshares are generally for one week periods).
That being said, timeshares can still be a good investment because they are generally kept up very well, you usually get amenities in timeshares that you wouldn’t get in most hotels and (as already mentioned) sometimes the timeshares are in areas where you otherwise could never vacation.
If you buy a timeshare you need to plan very carefully….i.e. plan where to buy, what company to buy from, read your contract very, very carefully, be sure you understand everything in your contract, and be sure you can afford the lifetime cost of the contract.
Be sure that you really, really like the area where your timeshare is because, depending on a variety of factors, you may not be able to exchange it for a timeshare somewhere else later. There are associations within which timeshare owners can exchange timeshare units amongst themselves, but again, this just adds to the complexity of timeshare ownership.
You also need to be very careful of the company you purchase your timeshare from. Some companies have very bad reputations due to shady, high-pressure sales tactics. Even though all US states and even Mexico have mandatory ‘cooling off’ periods during which you can cancel, companies have ways of trying to get around them too if they want to. Your best bet is just to not deal with companies with bad reputations.
Last but not least, be sure you read every sentence in your contract. It’s a legal document and you can be sure that it was put together by a very sharp lawyer who does not work for you but rather for the timeshare company. In fact, he/she probably got a timeshare unit thrown into their compensation package.
There is one way to seriously tilt the odds in your favor though if you really, really want to own a timeshare. There is a huge market of ‘used’ or resold timeshares available. Just like so many other things, the best place to find them is ‘on the net’.
In these situations somebody wants to get out of their existing contract or sub-lease their time). Regardless of their reason for wanting ‘out’….you can get timeshares for pennies on the dollar this way. In most cases, it’s the same unit that other buys are paying more money for. Just like in real estate….you might find a unit that somebody just simply doesn’t want. Their loss is your gain and you’re usually doing them a favor by taking the unit off their hands.
But again….be careful what you sign. Once you do…enjoy your vacation!
Wednesday, January 9, 2013
Inherited Timeshare What Are My Options
That depends on you! Can you vacation every year? Can you plan your vacations at least six months in advance? Can you afford the annual maintenance fee?
If you answered yes to these questions above the answer is – keep the timeshare. If you decide to keep the timeshare you should also decide if you like the timeshare’s location and would be willing to vacation there each year. If not, you would need to decide whether or not you can afford being a member of an exchange company, that, for a fee, will exchange you week for another in a different location.
Otherwise Here Are Some Options
You can donate your timeshare. Just be careful that the recipient knows what comes with timeshare ownership: annual maintenance fees!
You can sell your timeshare. Selling your timeshare can be done several ways. Research has shown that using a timeshare realtor or broker is the proven way to get your timeshare sold, There are even places to advertise your timeshare for sale where timeshare realtors and brokers network with each other to see timeshare inventory. You can sell it yourself and pay no commissions, or you can use a timeshare broker’s assistance and pay a commission.
Which ever way you dispose of your timeshare remember the cost of selling it will always be less than paying annual maintenance fees.
If you answered yes to these questions above the answer is – keep the timeshare. If you decide to keep the timeshare you should also decide if you like the timeshare’s location and would be willing to vacation there each year. If not, you would need to decide whether or not you can afford being a member of an exchange company, that, for a fee, will exchange you week for another in a different location.
Otherwise Here Are Some Options
You can donate your timeshare. Just be careful that the recipient knows what comes with timeshare ownership: annual maintenance fees!
You can sell your timeshare. Selling your timeshare can be done several ways. Research has shown that using a timeshare realtor or broker is the proven way to get your timeshare sold, There are even places to advertise your timeshare for sale where timeshare realtors and brokers network with each other to see timeshare inventory. You can sell it yourself and pay no commissions, or you can use a timeshare broker’s assistance and pay a commission.
Which ever way you dispose of your timeshare remember the cost of selling it will always be less than paying annual maintenance fees.
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