Archive for the ‘Sell Timeshare’ Category

I love timeshares.  If you look through my blog you’ll see I think buying timeshares and owning timeshares would be a great benefit to many people’s lives.  However, there are a lot of “timeshare scams” in the industry.

And while there are many unscrupulous people in the timeshare industry, I think a lot of the so-called “scams” come from people who just don’t do their research before purchasing a timeshare and then realizing there is a lot more obligation to owning one.

Here is  a great article to that point on the website “Timeshare Buying Scams”

“Sell My Timeshare – Is this a SCAM”

This is a very informative video. But I must tell you upfront that it is also a pitch for a timeshare resale service. The pitch comes at the end so you are not being hammered all the time.

The video had a number of facts that I was not aware of. For instance did you know that in Florida alone there were 28 investigations into timeshare resale companies. That is in Florida alone. The complaints against these companies are going through the roof.

Another fact that I did not know was that there are 4.7 million timeshares owned in the USA but there are 3 millions on the resale market. That means there are tons of people trying to dump their timeshares.

And here is the sad part. You cannot just stop making payments on your yearly fee because you will be sued and a judgement will go on your credit report. And even if you should die, the timeshare and the fee gets passed down to your heirs. Brutal!

The author of this video claims to have a method that will help you get out of your timeshare. I do not know if it is true or just another timeshare resale scam. So if you contact him please leave a comment on this post.

Original article:

http://www.timeshare-buying-scams.com/timeshare-blog/sell-my-timeshare-is-this-a-scam.htm

Timeshare sales and timeshare resale are still a big market. New timeshare are being developed and sold every year. The market is out there. It’s just a matter now of the owner finding ways to reach out to the buying demographic.

If you want to sell timeshare you own, you will need to advertise as much as possible to reach as many clients as possible.

After almost 50 years, the timeshare industry has continued to grow. Timeshares are very popular and owners can often find them to be a blessing in their lives. With that growth, however, there are also owners who are not happy with their timeshare. This could be a combination of things such as life priority changes or underhanded selling techniques not giving full disclosure of the financial commitment of a timeshare. Regardless of the cause, there are owners who simply want to get rid of their timeshare.

The easiest way to get the word out of course is using the internet and using various advertising websites.

Some websites, in fact, are dedicated specifically to selling timeshares.

Millions of website sell timeshare to visitors of the Internet. For years, advertising websites has helped clients to sell timeshare with the click of a mouse. Timeshare websites made the exchange of timeshares easier.

There are many timeshare resale websites and many of them come and go. Here is what to look for when you browse for sites.

1. Your ad should first be posted in a respectful website. This strategy has never been more effective and more profitable than posting timeshares in websites.

2. Advertising websites should be capable to market a particular timeshare to thousands of web visitors every single day. You need maximum exposure as much as possible

3. Advertising websites should observe private screenings of all questions and queries. Clients who intends to sell timeshare would appreciate having a peace of mind. It is very rare to have this kind of mindset in real property transactions.

4. The advertising websites should provide complete resources are provided to the clients. There are no hidden charges or commissions that would attribute to higher seller satisfaction.

Timeshare resale will afford you better prices than buy timeshare new without compromising quality.

Fortunately, with more and more people being able to do more and more on the internet, many online businesses are becoming more beholden to good practices. It is much easier today for a single person to lodge a complaint against a website via various online sites, blogs, and video websites.

5. If you are selling, you must realize that most of the visitors of a timeshare website would be travelers or adventurers. It is important to know your client demographic.

6. The completeness of the interview form for selling your timeshare is a good sign of how thorough a job the site does overall. You want the advertising site to be professional and thorough.

7. You should contact the helpdesk and see how you like their support. It should be friendly, polite, and knowledgable. You can ask pre-sales questions or any kind of questions and see hwo the support reacts.

If you are planning to get rid of your timeshare, first realize you will get 10% to 50% of your sales price. Selling a timeshare is like selling a used car, not selling a used house. The value will go down just because that is the supply an demand of the market. So think it through and see if you really want to get rid of it. If so, then hopefully these tips above are helpful. Good luck!

Timeshare has become one of the segments of the travel industry that continues to grow dramatically over the years. It has become an accepted way to plan travel and vacation for many people around the world today.

A timeshare is at its core a “fractional” ownership of a vacation home.

Timeshare ownership is a fantastic way to have luxurious accommodations at a cheaper price. Timeshare resale makes the deal sweeter!

Units tend to be luxurious condominiums including kitchen, dining, and living areas for vacationers to relax and enjoy their time away from home.

However, there are times when an owner finds they just do not want their timeshare anymore. Perhaps their financial situation has changed or their lifestyle situation has changed. At any rate, a timeshare becomes more of a burden than a benefit. At this point, timeshare resale is a viable option.

That is why, timeshare resells are cheaper. Regardless of their reasons, timeshare resells see to be a much better deal than the original offer from which the timeshare was first bought.

The owner can usually expect anywhere between 10% and 50% of the purchase price.

Timeshare resale prices are usually 50% of if you buy a timeshare new

This is more similar to selling a used car than selling a piece of real estate. However, it also allows the owner relief from the legal obligations of owning a timeshare.

When an owner resells timeshare, there are many timeshare companies that will successfully take a big fraction of your money and leave you with a less desirable profit. Legitimate timeshare companies fortunately exist to help you in selling your timeshare in a completely legal and desirable manner. These companies will help an owner to resell timeshare for its full market value.

Tips in reselling your timeshare

In timeshare resells, your best option is to get a real estate agent or a realtor.

If not make sure of important things including never to pay for up front fees. Remember that scammers can call this fee in different names – marketing fee, appraisals, listing fee, etc.). Feel and believe your gut instinct, if something feels amiss, then don’t make any agreement and don’t sign anything that will hold you legally responsible for any more payments.

There are a lot of unscrupulous resellers alongside the good ones.

For that reason it’s best to not ignore your gut feeling and trust your instincts. If something sounds too good to be true, it probably is. It is the same whenever you are making a choice to buy or sell anything of substance. If something does not feel quite right, don’t be afraid to walk away and find another opportunity.

Buying A Timeshare Resale

Similar to buying a used car, sometimes it is better to go with a good name, one that has been in the industry for quite some time.

For buyers, you can have your vacation planning move faster than you expect right after finding the ultimate vacation spot you have only been dreaming about for a fraction of the cost. When your ideal timeshare resells, make a wise buying decision and enjoy your dream vacation the way you should.

The hardest part is finding the timeshare resell.

Resorts spend a lot of time marketing new timeshares and the resources used in these endeavors dwarf the promotional efforts of resell companies. The internet is your best friend when it comes to finding resells whether they are on classified ads website or you find a reseller online. Make a smart decision when you buy and then you will be able to enjoy your home away from home at a fraction of the cost of new timeshares.

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The purpose of this article is to provide a brief introduction to Worldmark Timeshares, one of the most well known timeshare vacation groups.

Worldmark the Club was incorporated in 1989. Traditional “fractional” timeshare ownership, though a great idea, was not as ideal for the adventurous traveler. Enter the world of “vacation credit” or point systems into the vacation community. They employ this type of system giving greater flexibility to owners.

Worldmark Timeshare resort in Fiji

They originally focused on the Pacific Coast resort locations. Since their start they have also continued to develop and expand to other destinations such as Fiji Islands and Australia. Today, they have 200,000 owners with over 50+ destination locations including many in the United States as well as locations in British Columbia, Fiji, and Mexico.

With their unique use of the timeshare vacation club ownership, a buyer must first understand how the Worldmark system works.

Owners purchase vacation credits instead of fractional ownership in a property. These credits allow them to stay at any of the Worldmark resorts. Instead of a “home week” and a “home resort”, every year vacation credits are allocated according to the original agreement and purchase price.

Unused credits can be rolled over for an additional year. Furthermore, owners can “borrow” credits not allocated yet from the following year. This allows the owner/member to save up for more expensive vacations. Alternatively they can also decide to have multiple “mini” vacations instead of one week-long vacation as travel options include “daily” redemptions in addition to the “weekly” redemptions.

The system also employs what they call “Bonus Time”. Bonus time was made to add benefits to those using resorts during their “off-peak” periods. A club member simply needs to call the vacation center fourteen days in advance and then can book up to four days in one period.

Worldmark Timeshare is a reputable organization to buy a timeshare or rent a timeshare

Similar to traditional ownership prices, the cost of a vacation depends on size of the unit, season of usage, and desirability of destination. An added benefit is that owners can gift their credits to others, similar to traditional timeshare gifting.

The principal guidelines for the Worldmark timeshare vacation credit usage are:

* HIGH (RED) SEASON:

For a stay less than one week, bookings are within 60 days. Naturally that assumes there are openings. This encourages people to stay longer so they may book earlier. If the stay is one week minimum, then it must be booked at least sixty one days in advance but no more than thirteen months in advance.

* MID & OFF (WHITE & BLUE) SEASON:

There is no minimum stay except for weekends. The booking must happen 48 hours to thirteen months in advance.

* WEEKEND ONLY:

The minimum stay is two nights whenever both Friday and Saturday nights are available.

Some added benefits: The fact that the patron can set up the week to start on any day if the time is available is one great feature in this Worldmark timeshare vacation club ownership. The options on the terms of starting and ending of the vacation can help save dollars on airfare. The patron can also mix bonus time with vacation credit time. Also, the cancellation policy is liberal depending on how early the patron made the reservation. Plus penalty can be avoided should they decide to cancel their timeshare vacation. Also, credits can be given as a gift to others which basically means you are giving as a gift a fantastic vacation.

Two types of Worldmark timeshare vacation credits can be purchased: a forty year right to use; or usage for perpetuity (which allows you to use bonus time). Patrons know that although you can get a great a vacation, there are certain fees to be settled.

As far as “maintenance” type fees: the guideline states that patrons are allowed free housekeeping on their first credit reservation every anniversary year. Each vacation after the first within an anniversary year includes a housekeeping fee, usually paid for at the time of reservation. This fee can vary from $35 to $100 depending on the size of the reservation asked for.

Worldmark Club is a great vacation alternative to renting if you find that you will want to travel every year, especially more than once, especially to different locations. You are not tied into one specific location and one specific week. You also do not need to haggle with exchanges since the basis of the club is organizing vacations in different destinations. The downside for some people is that this is still similar to “renting”. This is not permanent ownership. However, for the feisty traveler, this type of timeshare ownership allows great flexibility and luxurious accommodations rewarding you for regular travel each year. So if you find yourself as this type of traveler, make sure to check out Worldmark Vacation Clubs.

Back in the 1960′s, a ski resort developer in the French Alps came up with an idea to motivate his patrons to continue to return to his resort each year. He encouraged many of his customers to purchase “fractional” ownerships at his resort instead of simply renting each year they came on vacation.

From this idea, revenue, attendance, and popularity boomed at his ski resort. The rest of the world was quick to catch on and started offering their own fractional ownership opportunities. Thus, the industry of timeshare ownership was born.

A timeshare is a great way to get lush accommodations at a reasonable price

Since its inception, the timeshare industry continues to grow with sales of 9 billion dollars annually among more than 5,000 resorts.

Through the years, the use of timeshares has evolved and gave birth to many options available to the owner. Here are some of the options:

1. Use of timeshare week

Owners purchase a week out of the year at a resort. So the most basic use of a timeshare is for the owner to use it for their annual vacation.

2. Timeshare rentals

Over the years, timeshare rental increased in frequency due to the accommodation needs of travelers and adventurers. Along with demand comes opportunity for business men owning timeshares but not necessarily always needing them.

3. Timeshares as gifts

Naturally owners can also give their week at a vacation resort away as a gift. This makes for a great gift to family, friends, and even business partners.

4. Exchanging A Timeshare

Exchanges have answered the desire to own a timeshare but have the flexibility to not be locked in to a specific week or a specific destination. Exchanges can be done in two ways:

a. Internal exchange

This is a “within network” type of exchange. Generally timeshares belong to a group and exchanges within that group are considered “internal exchanges”.

This means exchanging your timeshare with a person from another resort group.

b. External exchange

This is an “out of network” type of exchange. If you belong to resort group A and desire to obtain a timeshare in resort group B, then this would be an external exchange.

An internal exchange is naturally easier and less of a headache as well as less cost then doing an external exchange.

The RCI Timeshare organization is the largest worldwide which gives a lot of great options for the timeshare owner

One of the largest timeshare groups is the Resort Condominiums International group, or RCI. I am specifically writing about this as many people have heard of RCI and are usually looking for more objective information.

RCI Timeshare

A RCI timeshare owner has the option of exchanging his timeshare interval for a possible stay at one of the five thousand resorts available worldwide. A RCI timeshare owner also have varied resort affiliations. Members of this program of RCI can, however, only exchange with the affiliate resorts of RCI. A RCI timeshare is only available for exchange to a RCI resort.

Also, at the current status of the affiliation programs, there is no dual affiliation for a RCI timeshare. A particular resort would only be either affiliated with RCI or not.

RCI is the largest exchange agency. It has over 3,800 resorts under its turf; divided between its available weeks or Points Program. Compared to the 2,000 resorts of the second largest, Interval International, or II. What this means is if you own an RCI timeshare, you have many more options when doing an internal exchange.

So if you are looking right now at timeshares, and you want a lot of flexibility in your travel dates and locations, RCI is definitely worth checking out. As an example, my wife and I purchased our Honolulu timeshare with Hilton. We plan to take a vacation almost every year in Honolulu so this type of ownership worked for us.

On the other hand, our grandmother loves taking vacations to new places every year. This past year she had a luxurious stay in Las Vegas. The year before she took a cruise to the Riviera. If this is you, then having a large exchange program at your disposal is more suited for your lifestyle, and RCI timeshare ownership may be just the thing you’re looking for.

When you first buy a timeshare, maybe you thought it was a fit for your lifestyle.  However, lifestyles change.  Financial lifestyles change.  And you may find you are not interested in having your timeshare anymore.

Here Are The Top Ten Ways To Get Out Of Your Timeshare Contract

1 – Sell it to someone else! – This is usually the first method that timeshare owners will look into. It is unfortunate that this rarely works, however, when people first purchase their timeshare they are assured that if they ever want to get rid of it that they can easily sell or rent it out. This misconception has caused a lot of timeshare owners to spend a lot of time and money trying to sell their timeshare with little to no success. The fact is that the timeshare resorts still have hundreds of thousands of timeshare intervals to sell, so you basically have to compete with them to resell yours and it just doesn’t work for most timeshare owners.

2 – Rent it out to cover the cost of ownership! – This is another common response that people choose for getting out of their timeshare obligations. However, the problem with this option is that, again, the timeshare resorts are already renting out empty timeshare units for cheaper than the cost of ownership. This makes it really hard to rent your timeshare out for any amount that would cover the cost of owning the timeshare.

3 – Donate it to a charity! – When timeshare owners realize that they will most likely not be able to make a profit from selling or renting out their timeshare they look for ways to just get rid of it. The only problem is that charities and organizations that accept timeshares are wise to what it means to take over ownership. Most charities will simply not accept a timeshare unless they are positive they will be able to make money from it or at least put it to good use. Usually only the most luxurious top notch timeshares are eligible to be donated.

4 – Just stop paying for it and don’t use it! – A lot of timeshare owners are under the impression that they can get out of their timeshare whenever they feel like it. These owners think that if they stop using their timeshare then they can just stop paying for it. They assume that the resort will take over ownership for it, sadly this is incorrect and the timeshare resort you purchased from has a lot of legally binding obligations with serious consequences if not abided by. This is one option that no timeshare owner should try out, you will only end up with a lot of timeshare debt that you may not be able to get out of.

5 – Pay someone to take it off your hands! – Recently a lot of timeshare owners have opted to actually pay someone else to take their timeshare obligations from them. These have been called “timeshare relief” companies and they offer an exit solution that gets you out of your timeshare once and for all. The only problem with these is that you have to pay for the services of timeshare removal, the good thing is that after you use them you will not receive any more maintenance fees or other timeshare related charges.

6 – Give it back to the resort! – This option is technically a very viable option in some situations. However in most timeshare contracts it will state that the resort is in no way obligated to take your timeshare back. In these contracts it often states that there must be a name on the timeshare contract at all times, which pretty much guarantees the resort will be receiving their regular maintenance fee dues no matter what. If your timeshare contract is not full proof you may be able to use this to get out of your timeshare contract.

7 – List it and hope it sells! – This is probably one of the first stops a lot of timeshare owners will check. They are happy to see that you can list your timeshare for sale for only $20 or $30 a month and people will contact you to buy or rent it. The problem is that there are so many timeshare listing sites and none of them really work. They make a lot of money by charging each user a listing fee or advertising fee, which is small but adds up. What is the real problem with listing your timeshare is that no one will ever find it, people do not go to these listing sites to search for a nice timeshare to buy or rent, they are already sitting at a timeshare presentation like you did and are going to buy a new one to make sure they get the most up to date rewards and bonuses upon purchasing their timeshare.

8 – Try to get a timeshare salesman to sell for you – This is a fairly unique idea that not many timeshare owners are sure to have tried. This method for timeshare removal would require you to essentially entice a timeshare salesman to sell your specific unit and interval in return for a commission on the sale. This is not a legitimate method as I have not heard of anyone ever actually getting a timeshare seller to help them sell their week, and they would probably say no as they have their own brand new timeshare units to try and sell 52 intervals on.

9 – Find a loop hole! – If you are savvy enough you may be able to find a technicality or legal method to get out of your timeshare. Some timeshare contracts are not as iron-clad as they are made out to be. It is true that most timeshare contracts are extremely full proof and there is little to nothing you can do to get out aside from putting someone else on the timeshare contract so that you can take your name off. If you do happen to find a way to dispose of your timeshare contract legally please share it with the online community so that others may try to legally get rid of their timeshare obligations at little to no cost to them.

10 – Pass away – This is by far the worst, most unfortunate way to be free from your timeshare. And in many cases, even dying does not solve the problem of timeshare ownership. If you have anyone to inherit your assets they will be assigned as the new owners of your timeshare. This is a terrible thing to pass on to your loved ones and is why it is important to take care of your timeshare before it is too late. You would never want to leave something as financially burdensome as a timeshare to your family.

Jeff Florio is a freelance writer based in Los Angeles. He is also a timeshare consultant for the timeshare industry helping timeshare consumers understand the nature of the industry as well as their timeshare relief options. Whether you are trying to buy, rent, donate or sell timeshare weeks or even straight up get rid of your timeshare, Jeff Florio is here to help. If your timeshare is costing you a fortune, please visit www.transferamerica360.com/ to learn about your timeshare relief options.

Author: Jeff Florio
Article Source: EzineArticles.com
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Many people originally get involved with timeshares with the full good intention of using it every year to take a vacation. However, realistically speaking, there is a good percentage of those folks that find they end up not using their timeshare. When this happens, the timeshare ends up unused even though the owner continues to pay the maintenance fees and if applicable the loan fees. Many owners may then consider selling their timeshare. While this is a viable option, selling a timeshare can be quite tough. Not to mention that when it finally sells, it is common for it to sell for less than the purchase price unilke a house or a condominium. If you are already having issues selling your timeshare or you are simply considuering it, here are a few alternative options to consider:

A fantastic alternative to selling is renting.

You can either work this out with your timeshare developer if he can do it. The developers usually have special classifieds for timeshare, it would be a good idea to put an advertisement in those classifieds as they target people interested in timeshares. You can also search for a real estate agency specializing in renting timeshares or vacation homes. Most popular travel destinations have agencies that specialize in this. But remember there can be a fee if you choose to rent your timeshare through a real estate agency. You can also sell your timeshares by yourself by either advertising directly in classifieds or telling your friends, neighbors, family members and colleagues to see if anyone is interested in buying a timeshare. If not, internet is the best place to find out where you can put your timeshare for rent. There are many popular auction sites like eBay which has timeshare rental section on their auction website.

Another choice you might look into which is common is an exchange.

Most outfits will offer an exchange infrastructure along with your purchase. In addition there are some companies that also provide exchange services. If you are having problems finding time to take vacation once a year in your spot during your week, this could be a great idea for you as it gives you some flexibility. You may find it easier to take a vaction if offered different spots and different destinations.

Another option is that if you want to get rid of it altogether but selling for less than 50% of the purchase price is too much, you can see if you can donate it to charity and have a bigger tax write-off in the process.

This is the most hassle free of the choices since it is off your hands and off your books. You can donate it similar to how you can donate any other property. Check with your tax accountants but you should be able to get a very high value of write off. It would be a good idea to find a charity that can actually use your timeshare every year to its fullest potential. Using this alternative means making sure you know the value of the write-off compared to the value of keeping to rent or keeping to exchange and seeing which fits best for you

Those are the three most common alternatives and I would say most lucrative alternatives. Whether you sell, rent, exchange, or donate a timeshare at the end of the day, I hope this has given you food for thought on what will be best in your situation.