Timeshares are properties that can make you happy for a lifetime or cause you great sorrow as well. These days, many people tend to occupy themselves with the timeshare industry and enjoy its benefits. It is proven to be practical, with many people already experiencing the fruits of their investment. It is what many also refer to as the vacation ownership.
It is termed as vacation ownership because it provides you ownership of the property or location while relaxing and enjoying your vacation. But ownership of this property is not solely yours; you are sharing it with other people. And as there is sharing of timeshare with other people, maintenance fee will be equally divided amongst you. There will also be time sharing in terms of the use of the property. The period of time can be concurred with the others by signing an agreement, which is that period you can enjoy for yourself on a yearly basis.
The type of investment timeshares provide for its prospective investors began with only few options to decide on. If you had wanted to invest years back, there is a probability that you would have not gotten a sharing ownership with a property that you have dreamed of having a vacation in. These days, however, there are many options to choose from. Things like owning a cruise, a luxury car or even such amusement destinations as Disney Land are now possible to happen to you. Today, if you long to have a share ownership that you really like, you can have the chance of being able to invest in it.
However, deciding on this investment is not as easy as it sounds. It is not based on whether you like the property or not, although this could be one big factor to create your choices. Other factors include the logicalness of its rates, and the feasibility of its location. It is important to consider the former as you would not want to pay enormous fees for a property that is not worth it in the end.
It may be high-end, it may be classy and it may be beautiful, but if it will not financially benefit you, then perhaps it is better to look for another one. The latter is also in consideration that this is an investment. The natural expectation of an investment is a monetary return of what you have put in it, and more. If the location is not viable, this expectation will not manifest. It is always better to find a property that is able to draw people to it.
Buying aside, let us go to the situation wherein you find yourself having to sell your timeshare. This usually happens when you have jumped on the idea of the purchase without thorough knowledge of what you are going into. So rather than keep the property and keep on paying the fees, you might as well try to sell it. After all, there is no harm in trying, is there?
When you decide to sell, the considerations include the price and the advertising. You can not realistically expect to sell it at a price more than you bought it with. The most you can expect is half its original price, which is in fact already a good bargain. And since very few might express interest, you need to keep up with the advertising and make sure it is really going to lure prospects.
Timeshares are good investments, provided that they have been thought carefully by the investor.
Saturday, July 25, 2009
Monday, July 20, 2009
Buying a Timeshare - Is it Really a Good Relieving Investment? By Erick Cornwell
There are some people who can stash a hefty amount of money for their vacation plans and would prefer to be relieved by the luxury of timeshare ownership. However, the current state of the economy is calling for a life of frugality. With companies getting bankrupt and employees getting laid off many people are restrained from spending and even crossing out vacation on their itineraries.
What people need to do these days is to invest in something that would give them immediate returns. Timeshares, as advertised are good investments. Maybe or maybe not! If you are planning to buy one it would be better that you arm yourself with information first about what you are getting into before scribbling your signature on that timeshare ownership contract. This article may provide you the information that you are looking for.
First thing that you should know is that timeshare properties aren't always a good investment. Even though you own a certain property like a timeshare, it is not like real estate where the value of the unit increases over time. With timeshares, the value does not increase and is often stagnant.
When we say investments, they provide returns. Although, timeshares can be sold or rented out, the market is not that friendly and accommodating for timeshare resale and rentals. Reason being, the timeshare market is very crowded with timeshare owners who wants to sell or rent their timeshares. Also, timeshare companies themselves are keeping up with the competition, resulting to a surplus of timeshares in the timeshare market. Looking at the demand of timeshares especially in today's economic climate, there are only few recorded purchases as more and more people are finding it impractical to own a timeshare.
Furthermore, do not overlook the expenses you will have to pay for when you buy timeshare properties. You have to be aware that annual fees are subject to arise each year, real estate taxes and maintenance fees are but a few of the things you have to pay in keeping your unit. Timeshare companies can issue you special assessment fees when special circumstances arise. This alone can cost you hundreds and thousands of dollars.
What people need to do these days is to invest in something that would give them immediate returns. Timeshares, as advertised are good investments. Maybe or maybe not! If you are planning to buy one it would be better that you arm yourself with information first about what you are getting into before scribbling your signature on that timeshare ownership contract. This article may provide you the information that you are looking for.
First thing that you should know is that timeshare properties aren't always a good investment. Even though you own a certain property like a timeshare, it is not like real estate where the value of the unit increases over time. With timeshares, the value does not increase and is often stagnant.
When we say investments, they provide returns. Although, timeshares can be sold or rented out, the market is not that friendly and accommodating for timeshare resale and rentals. Reason being, the timeshare market is very crowded with timeshare owners who wants to sell or rent their timeshares. Also, timeshare companies themselves are keeping up with the competition, resulting to a surplus of timeshares in the timeshare market. Looking at the demand of timeshares especially in today's economic climate, there are only few recorded purchases as more and more people are finding it impractical to own a timeshare.
Furthermore, do not overlook the expenses you will have to pay for when you buy timeshare properties. You have to be aware that annual fees are subject to arise each year, real estate taxes and maintenance fees are but a few of the things you have to pay in keeping your unit. Timeshare companies can issue you special assessment fees when special circumstances arise. This alone can cost you hundreds and thousands of dollars.
Tuesday, July 14, 2009
How to Sell a Timeshare With Utmost Credibility By Harris Roberts
Sell a timeshare the best way possible, because presentation may be everything, but credibility is long-term. It is no secret that we are experiencing economic crises on a global level. Because of this, we hear reports of workers being laid off, and of businesses experiencing lower profits than usual.
This happening has led to anxiety for everyone. After all, everyone needs to make ends meet and money is the root to make things happen. In these times, there are no certainties in business and investments, but one type of business is being noticed to be weathering the storm quite nicely.
This is the timeshare business. Perhaps everyone is desperate to relax in a stress-free environment despite the growing economic problems, and such need can be satisfied in beach resorts. Because it offers numerous benefits for the investor, the timeshare investment is one that people still rush about.
This type of investment is one where a group of people own a property by jointly paying for its ownership, as well as the fees that will maintain it. In turn, these people get to use that property annually, for a certain period of time. this is the perfect investment to go into, when you need a constant vacation place and you have pinpointed the place that you would best enjoy yourself in. this is the reason why many people today are going for this, and why we also see an increase in the number of agents who sell a timeshare with utmost confidence and credibility.
Certainly, the main purpose of selling something is to persuade people to buy it, and thus garner profits in the process. But of course, there are limits to persuasion. It never has to go beyond the point of lying or deceiving. Sometimes, the presentation of something being sold is much too flowery by doing away with facts and figures. It might get you want you want, but it can also make you lose your credibility which, in the long run, is still more important.
Many people have been lured into a hasty investment because of a very attractive and tempting presentation, only to find out later on that the actuality is something a lot less than what was expected from that presentation. This is the reason why there are those who decide to sell their timeshares.
As an agent or a seller of this investment, it is important to give a good presentation but more importantly, it is important to present your prospective clients with the present facts and figures regarding the property you are selling. This is because credibility is an important foundation to build your reputation in. You may sell once, but without credibility, there is no certainty that you will again.
Thus, deal with every transaction as honestly as you possibly can. You may be after the goal of selling it, but a happy purchaser would likely to refer you to others than one that is not. An unhappy one would probably tell others to stay away from you. In the long run, credibility will always benefit you.
When you sell a timeshare, offer such property with every probable benefit for you, and think about a long-term deal.
This happening has led to anxiety for everyone. After all, everyone needs to make ends meet and money is the root to make things happen. In these times, there are no certainties in business and investments, but one type of business is being noticed to be weathering the storm quite nicely.
This is the timeshare business. Perhaps everyone is desperate to relax in a stress-free environment despite the growing economic problems, and such need can be satisfied in beach resorts. Because it offers numerous benefits for the investor, the timeshare investment is one that people still rush about.
This type of investment is one where a group of people own a property by jointly paying for its ownership, as well as the fees that will maintain it. In turn, these people get to use that property annually, for a certain period of time. this is the perfect investment to go into, when you need a constant vacation place and you have pinpointed the place that you would best enjoy yourself in. this is the reason why many people today are going for this, and why we also see an increase in the number of agents who sell a timeshare with utmost confidence and credibility.
Certainly, the main purpose of selling something is to persuade people to buy it, and thus garner profits in the process. But of course, there are limits to persuasion. It never has to go beyond the point of lying or deceiving. Sometimes, the presentation of something being sold is much too flowery by doing away with facts and figures. It might get you want you want, but it can also make you lose your credibility which, in the long run, is still more important.
Many people have been lured into a hasty investment because of a very attractive and tempting presentation, only to find out later on that the actuality is something a lot less than what was expected from that presentation. This is the reason why there are those who decide to sell their timeshares.
As an agent or a seller of this investment, it is important to give a good presentation but more importantly, it is important to present your prospective clients with the present facts and figures regarding the property you are selling. This is because credibility is an important foundation to build your reputation in. You may sell once, but without credibility, there is no certainty that you will again.
Thus, deal with every transaction as honestly as you possibly can. You may be after the goal of selling it, but a happy purchaser would likely to refer you to others than one that is not. An unhappy one would probably tell others to stay away from you. In the long run, credibility will always benefit you.
When you sell a timeshare, offer such property with every probable benefit for you, and think about a long-term deal.
Thursday, July 9, 2009
Buying a Timeshare - Marriott Vacation Club Timeshare Resorts By Emma Martin
Marriott Vacation Club International began in 1984 and the following year, Marriott Rewards was introduced and this allowed the company to partner with timeshare resorts. In 1986, Marriott's Sabal Palms in Orlando, Florida was the first Marriott timeshare resort. In 1987, they opened the Royal Palms at the same location. Both these timeshare resorts were adjacent to the Orlando World Center Marriott and of course, very near Disney World.
Marriott's main draw is the high reputation that the Marriott chain has in terms of luxury and service. Their advertising promises timeshare owners spacious villa accommodations in popular and exotic locales. Marriott is careful to underscore the value of the their name when it comes to travel and you'll definitely pay for that premium whether buying direct from Marriott or from a reseller, but naturally buying a Marriott timeshare on resale represents a significant discount from the developer's price.
You can buy a timeshare at the resort of your choice and enjoy that location year in and year out. Owners can also exchange their weeks through membership with Interval International. Through Interval International's Internal Exchange program you can exchange your time at your home resort for equal time at another Marriott Vacation Club or Grand Residence Club, also owned by Marriott, globally.
You can also use Interval International's External Exchange and exchange your timeshare for another resort from any of the other vacation companies that are affiliated with Interval International. Currently there are about 2,100 affiliated resorts spread out over 75 countries.
You can also exchange your week or weeks for Marriott Rewards points that allow you to book cruises, buy airline tickets, and rent cars, among other things. You can even exchange your Marriott Rewards for hotel accommodations. But like the Disney Vacation Club membership, using Marriott points for anything other than the timeshares themselves is usually considered poor use of the points since frequently the points values for airline tickets, car rentals and such are inflated above the actual cash cost. I would only use Reward points if I had to use up the points.
What does a Marriott Vacation Club villa have to offer? Here's a typical scenario - accommodations for 6 to 8 people - about 1,100 square feet - with separate living and dining area and multiple bathrooms. The kitchens are fully equipped for eight people. There are televisions, DVD players, washer and dryer. In other words, all the benefits of home without many of the hassles.
If you are familiar with timeshares, you know the benefits of such a vacation plan in general. What Marriott offers that makes it unique from other timeshares is its reputation and luxury. While I think that Marriott is comparable to what is available at some of the Disney Vacation Club resorts, there's no real doubt that it is a step up significantly from Fairfield or WorldMark and other timeshares. Of course, you will definitely pay more for the upgrade, but good deals aren't impossible to find if you are patient and ready to grab the bargain when you see it.
Online auctions are some of the best sources for timeshare bargains so be sure to check out Marriott timeshares up for auction before you consider buying from the developer.
Marriott's main draw is the high reputation that the Marriott chain has in terms of luxury and service. Their advertising promises timeshare owners spacious villa accommodations in popular and exotic locales. Marriott is careful to underscore the value of the their name when it comes to travel and you'll definitely pay for that premium whether buying direct from Marriott or from a reseller, but naturally buying a Marriott timeshare on resale represents a significant discount from the developer's price.
You can buy a timeshare at the resort of your choice and enjoy that location year in and year out. Owners can also exchange their weeks through membership with Interval International. Through Interval International's Internal Exchange program you can exchange your time at your home resort for equal time at another Marriott Vacation Club or Grand Residence Club, also owned by Marriott, globally.
You can also use Interval International's External Exchange and exchange your timeshare for another resort from any of the other vacation companies that are affiliated with Interval International. Currently there are about 2,100 affiliated resorts spread out over 75 countries.
You can also exchange your week or weeks for Marriott Rewards points that allow you to book cruises, buy airline tickets, and rent cars, among other things. You can even exchange your Marriott Rewards for hotel accommodations. But like the Disney Vacation Club membership, using Marriott points for anything other than the timeshares themselves is usually considered poor use of the points since frequently the points values for airline tickets, car rentals and such are inflated above the actual cash cost. I would only use Reward points if I had to use up the points.
What does a Marriott Vacation Club villa have to offer? Here's a typical scenario - accommodations for 6 to 8 people - about 1,100 square feet - with separate living and dining area and multiple bathrooms. The kitchens are fully equipped for eight people. There are televisions, DVD players, washer and dryer. In other words, all the benefits of home without many of the hassles.
If you are familiar with timeshares, you know the benefits of such a vacation plan in general. What Marriott offers that makes it unique from other timeshares is its reputation and luxury. While I think that Marriott is comparable to what is available at some of the Disney Vacation Club resorts, there's no real doubt that it is a step up significantly from Fairfield or WorldMark and other timeshares. Of course, you will definitely pay more for the upgrade, but good deals aren't impossible to find if you are patient and ready to grab the bargain when you see it.
Online auctions are some of the best sources for timeshare bargains so be sure to check out Marriott timeshares up for auction before you consider buying from the developer.
Thursday, July 2, 2009
Don't Buy A Time Share! There Is A Better Way By: Antony R. Mosley
If you are like most time share owners, you've already discovered that your "great deal," according to an enthusiastic time share sales representative, wasn't so great after all. Maintenance fees, condo fees, mortgage payments and horrible resale values has made time share ownership for most people more of a headache than anything else.
It's no wonder that terms like "time share resale" and "sell time share" are the most frequently searched terms related to time shares on Yahoo.com. Just enter "timeshares" at inventory.overture.com and see for yourself.
These negatives do not change the fact that a luxury timeshare resort is a wonderful place to spend a vacation. I would choose a luxury resort over a luxury hotel any time.
The big players and developers in the time share industry have wised up, and are now spending more energy on lifetime discount travel packages.
Lifetime discount travel packages have been sold at many resorts over the last 20 years as a time share presentation exit product. That is, customers that refuse to yield to the high pressure time share sales team are offered a lifetime discount travel package instead.
These travel packages represent a much better deal, because users have the option of staying at a wider variety of luxury resorts without the high time share costs of maintenance fees, taxes, mortgage payments and RCI exchange fees.
In fact, there are no maintenance fees, taxes, exchange fees or mortgage payments with lifetime discount travel packages at all. Once you own a membership, you can simply book a luxury resort or hotel for as little as $298 per week. These are the same luxury resorts you would find on Expedia, Travelocity and Priceline for any where from $1,400 to $3,000 per week.
For example, one of the most popular and luxurious Florida time share properties is the Star Island Resort and Club in Kissimmee. Renting a week at this luxury resort would easily run upwards of $1,800.
However, membership in a discount travel plan can knock the price down to $300 or $700 for the same week. Don’t let the low price fool you. These are luxury suites with no time share presentation requirements attached.
Do you see why lifetime discount travel packages are time share presentation exit products? These are literally the last thing a time share sales force would want you to know about. They are, in fact, the best kept secret in the time share industry.
It just makes good sense; Don’t buy a time share; just buy a week or two at a luxury resort on an ‘as needed’ basis with a lifetime discount travel package. If you don’t travel in a particular year, you pay nothing. Additionally, there are no black out weeks or RCI exchange fees involved.
If you own a time share, you are still responsible for maintenance fees, taxes and mortgage payments each and every year, including the years when you don’t travel. That just doesn’t seem fair.
When you do the math, the difference in ownership costs between a lifetime discount travel package and a time share purchase is staggering. So don’t buy a time share! There is a better way.
It's no wonder that terms like "time share resale" and "sell time share" are the most frequently searched terms related to time shares on Yahoo.com. Just enter "timeshares" at inventory.overture.com and see for yourself.
These negatives do not change the fact that a luxury timeshare resort is a wonderful place to spend a vacation. I would choose a luxury resort over a luxury hotel any time.
The big players and developers in the time share industry have wised up, and are now spending more energy on lifetime discount travel packages.
Lifetime discount travel packages have been sold at many resorts over the last 20 years as a time share presentation exit product. That is, customers that refuse to yield to the high pressure time share sales team are offered a lifetime discount travel package instead.
These travel packages represent a much better deal, because users have the option of staying at a wider variety of luxury resorts without the high time share costs of maintenance fees, taxes, mortgage payments and RCI exchange fees.
In fact, there are no maintenance fees, taxes, exchange fees or mortgage payments with lifetime discount travel packages at all. Once you own a membership, you can simply book a luxury resort or hotel for as little as $298 per week. These are the same luxury resorts you would find on Expedia, Travelocity and Priceline for any where from $1,400 to $3,000 per week.
For example, one of the most popular and luxurious Florida time share properties is the Star Island Resort and Club in Kissimmee. Renting a week at this luxury resort would easily run upwards of $1,800.
However, membership in a discount travel plan can knock the price down to $300 or $700 for the same week. Don’t let the low price fool you. These are luxury suites with no time share presentation requirements attached.
Do you see why lifetime discount travel packages are time share presentation exit products? These are literally the last thing a time share sales force would want you to know about. They are, in fact, the best kept secret in the time share industry.
It just makes good sense; Don’t buy a time share; just buy a week or two at a luxury resort on an ‘as needed’ basis with a lifetime discount travel package. If you don’t travel in a particular year, you pay nothing. Additionally, there are no black out weeks or RCI exchange fees involved.
If you own a time share, you are still responsible for maintenance fees, taxes and mortgage payments each and every year, including the years when you don’t travel. That just doesn’t seem fair.
When you do the math, the difference in ownership costs between a lifetime discount travel package and a time share purchase is staggering. So don’t buy a time share! There is a better way.
Find a Better Price For Your Timeshare Than Timeshare Resale Companies Can Give You For Free! By David Heart
When you own a timeshare property and you need to sell it, then normally you need to go through a many sets of protocols before you make the deal. You should contact your realtor to get the job done. But my friend, the time has changed now. There are a many services available to get the same job done in less time and of course with better outcomes. These services will help you to evaluate your property value for free without having you to bargain with your realtor for months in order to sell your timeshare for cash.
We all have been affected by the recent recession and not a single market has been able to escape the effect. However, the vacation market is still in the business. And this industry is one of those where many property rights are owned on a timeshare basis. So, you can now search private services for free which will let you know the current pricing of your timeshare and also get you a concise comparison of all the timeshares available in your area or sometimes even in your complex.
Normally the price of your timeshare will greatly depend on the time during which you are selling it. You must be aware of the fact that many realtors will make you sell your timeshare in a rush without knowing the current market price intentionally lowering your price. So, it would be better if you know the price before hand and then make a deal with the ace in your pocket. In this case you can also wait for a better offer, if you are not satisfied with the price offered. You can also let the buyer know your offer and wait till he agrees with it.
Never ever agree on a low priced deal only because our economy is having a bad time. Always remember you can always find a buyer who will pay the full price of your timeshare without a second thought. And if you are lucky enough, then your timeshare's value may have gone up and you just need to know the current value so you can sell your timeshare for cash.
So if you want to sell your unused timeshare then you should first get the current market price of it. And to do so, you can avail various free services which will get the job done within minutes. It will help you not to spend hours to find the best realtor and make the deal easily and efficiently. So be ready to dicker with your realtor the best way possible.
We all have been affected by the recent recession and not a single market has been able to escape the effect. However, the vacation market is still in the business. And this industry is one of those where many property rights are owned on a timeshare basis. So, you can now search private services for free which will let you know the current pricing of your timeshare and also get you a concise comparison of all the timeshares available in your area or sometimes even in your complex.
Normally the price of your timeshare will greatly depend on the time during which you are selling it. You must be aware of the fact that many realtors will make you sell your timeshare in a rush without knowing the current market price intentionally lowering your price. So, it would be better if you know the price before hand and then make a deal with the ace in your pocket. In this case you can also wait for a better offer, if you are not satisfied with the price offered. You can also let the buyer know your offer and wait till he agrees with it.
Never ever agree on a low priced deal only because our economy is having a bad time. Always remember you can always find a buyer who will pay the full price of your timeshare without a second thought. And if you are lucky enough, then your timeshare's value may have gone up and you just need to know the current value so you can sell your timeshare for cash.
So if you want to sell your unused timeshare then you should first get the current market price of it. And to do so, you can avail various free services which will get the job done within minutes. It will help you not to spend hours to find the best realtor and make the deal easily and efficiently. So be ready to dicker with your realtor the best way possible.
Wednesday, July 1, 2009
Help to Find Out What Your Timeshare is Worth By David Heart
If you have thought about selling your timeshare but are unsure of how much it may be worth because you do not have a reliable realtor, then there are companies that specialize nationally in selling timeshares that can give you a realistic value on your timeshare in a matter of seconds.
The timeshare market is very volatile and depending on what time of year it is will greatly depend on how much you can get for your timeshare. There are companies that specialize in selling timeshares that can tell you exactly what other buyers have paid for timeshares similar to yours.
If you have a unused timeshare and you're thinking about getting rid of it or if you would just like to know exactly how much you timeshares worth, all you need to do is enter in a few details about your timeshare at a well-known and they will tell you how much your timeshare is worth.
Even though America is going through some hard times right now there are still people who are flourishing and that would like to buy a timeshare. And those who are in the market for timeshare would rather buy from an owner rather than a company. When selling to someone like this you could generally get the price point that you want.
Regardless of where your timeshare is, there a people who will pay you exactly what you want for your timeshare. There's no sense in losing money on an investment. Find out exactly what yours is worth today.
The timeshare market is very volatile and depending on what time of year it is will greatly depend on how much you can get for your timeshare. There are companies that specialize in selling timeshares that can tell you exactly what other buyers have paid for timeshares similar to yours.
If you have a unused timeshare and you're thinking about getting rid of it or if you would just like to know exactly how much you timeshares worth, all you need to do is enter in a few details about your timeshare at a well-known and they will tell you how much your timeshare is worth.
Even though America is going through some hard times right now there are still people who are flourishing and that would like to buy a timeshare. And those who are in the market for timeshare would rather buy from an owner rather than a company. When selling to someone like this you could generally get the price point that you want.
Regardless of where your timeshare is, there a people who will pay you exactly what you want for your timeshare. There's no sense in losing money on an investment. Find out exactly what yours is worth today.
Tuesday, June 30, 2009
Do Not Sell a Timeshare For Less Than It's Worth - Find Your Exact Cash Value For Free By David Heart
If you have unused timeshare property and you would like to find out how much cash you can pull out of it, you know longer have to waste time chatting to real estate agents. Personal Timeshare property services are now openly available that can tell you how much cash your timeshare is worth without having to talk to a local realtor.
Fact: Depending on which season or time you sell a timeshare, will have an effect on your selling price.
Now, timeshare owners can find out exactly how much their timeshares worth at no cost, as personal corporations will let you know the exact value of your timeshare and the listing prices of other timeshares in your area, and even what those in near distance to your complex have sold for.
When you need to sell a timeshare, be very mindful of relisting agents who would you a low figure on your property in order to get a fast commission And this information is openly available to all timeshare owners only. Even though the U.S. economy is a partial recession, there are lots of qualified buyers who are in the market for a timeshare holiday home.
When you are armed with the precise price of your timeshare you can then you can negotiate with more power so you don't leave money on the table.
Don't accept a low selling price, many real estate agents who are not experienced in exclusive timeshare sales will discount property in order to get a fast sale under their belt.
All timeshare property owners should use these free services to find out their exact property value.
Fact: Depending on which season or time you sell a timeshare, will have an effect on your selling price.
Now, timeshare owners can find out exactly how much their timeshares worth at no cost, as personal corporations will let you know the exact value of your timeshare and the listing prices of other timeshares in your area, and even what those in near distance to your complex have sold for.
When you need to sell a timeshare, be very mindful of relisting agents who would you a low figure on your property in order to get a fast commission And this information is openly available to all timeshare owners only. Even though the U.S. economy is a partial recession, there are lots of qualified buyers who are in the market for a timeshare holiday home.
When you are armed with the precise price of your timeshare you can then you can negotiate with more power so you don't leave money on the table.
Don't accept a low selling price, many real estate agents who are not experienced in exclusive timeshare sales will discount property in order to get a fast sale under their belt.
All timeshare property owners should use these free services to find out their exact property value.
Monday, June 29, 2009
How to Get Out of a Timeshare Contract By Emma Martin
Did you just buy a timeshare on your vacation? By now, you are probably at home wondering what on earth you just did. The feeling may be just a bit worse if you have started to look at resale prices online. Hopefully, there is still enough time to get out of the timeshare contract. But let's not waste any more time.
Many countries have laws in place that allow you to cancel within a certain period of time (Mexico is five days), but I'm not very familiar with international timeshares since all of mine are located in the US. So I can only tell you how it works in this country. Here's what you need to know if you bought a timeshare in the US.
Nearly every state has enacted provisions that let you rescind your timeshare contract within a specified period of time. For some states, it is as little as four days. Nevada, for example, requires that you cancel your timeshare contract by midnight of the 5th calendar day after you signed the contract. South Carolina only allows four days (excepting Sundays).
Florida, on the other hand, allows the purchaser 10 calendar days to rescind the contract from the date of purchase. So you need to know what the law is in the state where you bought the timeshare. It's important to note this too. It doesn't matter which state you live in. The laws that apply are the laws of the state in which you signed the contract.
The timeshare contract, or its accompanying paperwork, should tell you the information you need to know, including how to go about canceling the contract. There may be a form for you to fill out or you may just have to write a letter. In all likelihood, this material is buried in your paperwork, so look through everything.
They are required by law to give you this information, so it is in there.
As soon as you have found the information on how to rescind your timeshare contract, be sure to follow the instructions to the letter and then get it into the mail promptly. I would advise using certified mail with return receipt so you will have proof that the timeshare company received your request.
Once you've managed to get out of the timeshare contract, then you can relax and take your time investigating time-sharing if the idea still appeals to you. It can be a great way to vacation, but there's no reason to rush into anything.
Did you just buy a timeshare on your vacation? By now, you are probably at home wondering what on earth you just did. The feeling may be just a bit worse if you have started to look at resale prices online. Hopefully, there is still enough time to get out of the timeshare contract. But let's not waste any more time.
Many countries have laws in place that allow you to cancel within a certain period of time (Mexico is five days), but I'm not very familiar with international timeshares since all of mine are located in the US. So I can only tell you how it works in this country. Here's what you need to know if you bought a timeshare in the US.
Nearly every state has enacted provisions that let you rescind your timeshare contract within a specified period of time. For some states, it is as little as four days. Nevada, for example, requires that you cancel your timeshare contract by midnight of the 5th calendar day after you signed the contract. South Carolina only allows four days (excepting Sundays).
Florida, on the other hand, allows the purchaser 10 calendar days to rescind the contract from the date of purchase. So you need to know what the law is in the state where you bought the timeshare. It's important to note this too. It doesn't matter which state you live in. The laws that apply are the laws of the state in which you signed the contract.
The timeshare contract, or its accompanying paperwork, should tell you the information you need to know, including how to go about canceling the contract. There may be a form for you to fill out or you may just have to write a letter. In all likelihood, this material is buried in your paperwork, so look through everything.
They are required by law to give you this information, so it is in there.
As soon as you have found the information on how to rescind your timeshare contract, be sure to follow the instructions to the letter and then get it into the mail promptly. I would advise using certified mail with return receipt so you will have proof that the timeshare company received your request.
Once you've managed to get out of the timeshare contract, then you can relax and take your time investigating time-sharing if the idea still appeals to you. It can be a great way to vacation, but there's no reason to rush into anything.
Cash For Your Timeshare By Norm Butler
In this tough economy many people are looking at ways of getting cash to help with bills, temporary unemployment, or just about anything else related to this recession. If you own a timeshare and are looking to get cash for it, you might be in luck as selling your property is one easy way to help you in these tough times.
Selling a timeshare might sound complicated but really it's just like trying to sell any other type of real estate such as a house, condo, or apartment.
You should be aware of a few different options you have when looking to get cash for your timeshare and each one is explained below.
1. The first option you have is trying to sell your timeshare by owner which you would simply handle all the tasks at hand that goes along with selling a property. This would entail advertising your property for sale in the newspaper, internet, etc. You would need to handle all the legal documents and negotiations yourself. The advantage of this is that you wouldn't have to pay a Realtor or another company a commission for selling your property.
2. The next option is to have a Realtor sell the property in which case they will take care of all the advertising, show the timeshare, negotiations, and legal documents. You would need to pay the Realtor a set commission price when selling is the only disadvantage in this route.
3. Another option is to sell your timeshare to a company that purchases them directly. You may have seen the TV commercials for these ads where they will pay cash for your timeshare. Going this route is the easiest if you're looking for a quick sale as they will most likely give you an instant quote for buying your timeshare. The only disadvantage in this option is that you will probably get the lower selling price as compared to the first two options.
Selling a timeshare might sound complicated but really it's just like trying to sell any other type of real estate such as a house, condo, or apartment.
You should be aware of a few different options you have when looking to get cash for your timeshare and each one is explained below.
1. The first option you have is trying to sell your timeshare by owner which you would simply handle all the tasks at hand that goes along with selling a property. This would entail advertising your property for sale in the newspaper, internet, etc. You would need to handle all the legal documents and negotiations yourself. The advantage of this is that you wouldn't have to pay a Realtor or another company a commission for selling your property.
2. The next option is to have a Realtor sell the property in which case they will take care of all the advertising, show the timeshare, negotiations, and legal documents. You would need to pay the Realtor a set commission price when selling is the only disadvantage in this route.
3. Another option is to sell your timeshare to a company that purchases them directly. You may have seen the TV commercials for these ads where they will pay cash for your timeshare. Going this route is the easiest if you're looking for a quick sale as they will most likely give you an instant quote for buying your timeshare. The only disadvantage in this option is that you will probably get the lower selling price as compared to the first two options.
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