Timeshare News - Get The Facts

Even though it’s a vacation, selling a timeshare usually involves the same steps involved in selling real estate, such as a house plus so much more. Before selling your timeshare, make sure that you have your paperwork in order. The following checklist should help:

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• the name, address, and phone number of the resort
• the deed, and the contract or membership agreement
• the financing agreement (if you are still paying for the property)
• any title insurances
• any information to identify clearly your particular interest or membership
• the exchange company affiliation
• the amount and due date of your maintenance fee
• the amount of real estate taxes (if billed separately)
• know whether or not your vacation interest is legally classified as real estate or personal property

We recommend you list your site with marketing and advertising companies, as they’ll cut down on your costs to advertise and do all of the work for you.  A great choice is <a href=”http://seabreezeadvertising.com” title=”Seabreeze Advertising Corp”>Seabreeze Advertising Corp</a> for any advertising.

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RULES OF ENGAGEMENT WHEN WORKING WITH RESALE ORGANIZATIONS

#1 Rule
Make sure you confirm the firm you are speaking with is Licensed as a Commercial Telephone Seller and is a Bonded firm.

Rule #2
Be wary of companies offering gimmicks, such as money-back guarantees, in order to get your listing fee and say it WILL be sold within 30 to 45 days.

Rule #3
Resale of property is not an overnight process. Do not expect immediate results, but don’t hesitate to check on the progress your company is making on reselling or renting. MAKE sure the firm has an Incorporated Advertising Firm and not just some good name they marketed to you.

Rule #4
A firm engaged in timeshare resale activities shall not require an appraisal of the timeshare interest as a condition of accepting the listing.

Rule#5
Most people look at timeshare like normal real estate.
However, it is FAR from it. So DON’T.
Normal real estate is that of a product that is a necessity not a pure luxury.
Whereas timeshare is a pure luxury and an expensive one if that.
Putting a 3-line text ad in the local newspaper is NOT going to sell a timeshare. So, don’t let yourself get sold on that idea.
Oh…would you want to get paid $270 for working harder then selling a residential home? So don’t expect normal real estate licensed pro’s either!

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Rule#6
Did you pay cash?
DON’T expect any prospects to pay CASH for your timeshare resell either!
Make sure you confirm with any firm you are working with that they have a legitimate relationship with Licensed Financial Professionals.
At BEST, they should have some type in-house documents they can send you to show this. So, why not ask?

Rule#7
If you are working with someone over the phone…Make sure the firm has you go through a recorded call for verification purposes to verify all that they are going to do for you.

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Interested in selling your timeshare?

Get ready for some company!

Timeshare Sales climb 81% over the last five years; 4.4 million households own timeshare in America!

(Washington, June 11, 2007 reported) — Timeshare sales climbed 16 percent during 2006 to $10 billion over 2005 sales of $8.6 billion, according to a study of the U.S. vacation ownership industry conducted by Ernst & Young, LLP and released by the ARDA International Foundation (AIF). Thesurvey of 625 timeshare reports throughout the country shows robust growth over a five-year period, with sales up 81 percent and average resort size growth of 32 percent.

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As of January 1, 2007, there were 1,615 vacation ownership resorts operating in the U.S. There are a total of 4.4 million U.S. timeshare owners, up from 4.1 million in 2005, 3.87 million in 2004, and three million in 2002.

No, you are NOT the ONLY one that said yes!

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These numbers are staggering and at best unbelievable that so MANY people can get high pressure sold something while they are ON Vacation Spending $$.

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