Barbara Corcoran is both a real estate guru and a business icon, having built one of New York’s most successful real estate companies, starting with only a thousand dollar investment and a powerful determination to succeed. In 2001, Corcoran sold The Corcoran Group for $70 million.

So when The Today Show looks for a real estate expert, they frequently call on Corcoran. Last Friday morning, in a segment called, “Your Real Estate Questions,” host Natalie Morales took Corcoran through several questions posed by viewers of the show, including one about how to sell timeshare.

Corcoran stated that the best place to sell timeshare is online. She identified that there are a couple of websites that sell timeshares only, and then she listed two - one of which is SellMyTimeshareNOW.com.

To watch the full clip with Barbara Corcoran, click here to play the video.

On Friday, our timeshare blog filled you in on all the glowing details about Club Regina Los Cabos timeshare resort, which is property number 100 on the Sell My Timeshare NOW HOT 100 list. So it is timely that today I am writing about another Raintree Resorts International timeshare property, just acquired in Mexico.

On May 7, Raintree closed the deal for a new Mexico timeshare, buying a property known as Nautilus. The acquisition makes the new property one of 20 points-based timeshare resorts owned by this timeshare company. Purchased from Jose Luis Borioli, a Puerto Vallarta developer, the marina-side location attracted Raintree. More importantly, so did the fact that the resort is across the street from Raintree’s Club Regina Puerto Vallarta, timeshare property, already a popular Mexico timeshare destination.

Doug Bech, CEO of Raintree Resorts, says, “The new resort provides a great property adjacent to our existing Club Regina and gives our Members additional access to the popular vacation destination with added meeting space and 100% renovated units, accommodating primarily couples on vacation.”

Things are Changing at this Mexico Timeshare

The new owners quickly renamed the timeshare, Villa Vera Puerto Vallarta. Currently the property offers a restaurant and snack bar; two swimming pools; a business center; and a conference area. Renovations estimated at $4.5 million are scheduled for completion within the year and will add a beach club, sundeck, fitness center, and new landscaping to the timeshare resort.

Bill Tsao, Senior VP with Raintree timeshares calls the new property, “…a jewel in one of our most popular destinations.”

Sell My Timeshare NOW has great deals on Club Regina Puerto Vallarta timeshare resales, as well as other Mexico timeshare resorts. If you want to buy Mexico timeshare, from a company you trust, this may be the right vacation choice for you. When you read what current Raintree timeshare owners are saying, most of them seem very satisfied with their timeshare ownership and only have one regret—that they paid full price instead of buying timeshare resales, where they would get the same ownership, at a much lower price!

If you read our timeshare blog regularly, you have already figured out that there are easier places to build a timeshare resort than in Aspen. Yes, there are already beautiful, luxurious timeshare resorts and fractionals in Aspen, Colorado, but the city leaders don’t necessarily welcome timeshare properties with open arms.

So it is a big step that the Aspen Club and Spa timeshare has received preliminary approval from the Aspen Planning and Zoning Commission to build 20 timeshare units as part of an addition to an existing health club. The timeshare resort is planned to include three and four bedroom timeshare units to be sold in intervals that are approximately 3 weeks in length. The resort will include a 35,000 square foot addition to the current athletic club facilities, a 53-space underground parking garage and 45 surface parking spaces, as well as 12 two-bedroom units of affordable housing.

A Timeshare Resort with an Interesting Twist

The timeshare resort component of the property will be sold as Aspen Club Living, marketing the health and wellness aspect of the resort. When the timeshare units are not occupied, they will be rented like hotel rooms.

Perhaps it took the spin of the additional affordable living units, and the health and wellness center, to move this timeshare resort project ahead against the historically critical city officials of Aspen. But don’t book your airfare just yet to vacation at the Aspen Club and Spa, because the plan still has to pass the Aspen City Council, first in the developmental stage and again in a final review.

Other Options in Aspen Timeshare and Aspen Fractionals

If you are interested in owning timeshare vacation property in Aspen, you can buy timeshare resales at the St. Regis Resort, in increments of four nonconsecutive weeks. The St. Regis is the ultimate in luxury timeshare/fractional ownership, with access to skiing, summer mountain sports, and all the shops, dining, and entertainment charm of Aspen.

So far, the timeshare industry has weathered the economic problems in the US without significant impact. Most of the leading timeshare resort developers are still publishing solid quarterly reports, and in many cases, timeshare sales are propping up declining hotel revenues.

But when people stop gambling, we have to feel concern for all sectors of the economy. Typically, gambling weathers almost any economic crisis. For the first two months of 2008, gambling revenues in Vegas were down by 4 percent from last year.

Ups and Downs in Las Vegas Timeshare and Hotel Construction

Hotels Magazine tells us, “…Las Vegas has a huge inventory of new casinos and hotels due for completion in the next few years, and a long slump could send the city reeling.”

The bright side:

• Caesars Palace is planning a billion dollar makeover, with a 23-story tower and three new swimming pools.
• MGM Mirage’s $8 billion CityCenter project is still moving forward, encompassing 76 acres on the Vegas strip.
• Westgate Resorts timeshare’s fifty story timeshare resort, the Planet Hollywood Towers, is moving forward to become the only timeshare resort directly connected to a major hotel and casino on the strip.

The bad news:

• Foreclosure has started on a $760 million construction loan for the Cosmopolitan Resort & Casino.
• Plans to build the Crown Las Vegas, a bullet-shaped hotel and casino resort that was supposed to become the tallest building in the city, have been scrapped due to lack of financing.
• For January and February, hotel occupancy was down by 1.5 percent, despite the fact that daily room rates were nearly 4 percent lower than for the same period in 2007.

Serving Your Timeshare Needs

Who can even guess any longer, how the US economy will sort itself out? For people who are in the business of buying real estate, selling oil, or repossessing automobiles, then these are good times. And for the rest of us, who need gasoline to get to work, groceries for our families, and mortgages we can afford, well, things are feeling a little scary.

Wherever you are in this economic rollercoaster, Sell My Timeshare NOW is an affordable, safe, and reliable way to deal with your timeshare needs, whether that is buying timeshare, selling timeshare, or renting timeshare.

It was our pleasure at Sell My Timeshare NOW to host a business forum on Monday with representatives of our local (Dover, NH) business community and featured guest, Congresswoman Carol Shea-Porter.

Approximately twenty invited guests, representing businesses ranging from florists and real estate companies, to banks and accounting firms, attended the event. At Sell My Timeshare NOW, we worked with the Dover Chamber of Commerce and representatives from Rep. Shea-Porters office to coordinate the business forum, which was designed to facilitate discussion of issues relevant to small businesses, and was attended by representatives of the business community.

We are truly honored to have hosted Congresswoman Shea-Porter. We hope Sell My Timeshare NOW helped create an interactive environment for the forum that will aid her in representing the people and the needs of our District. And what issues were important to the businessmen and businesswomen in attendance?

We talked about healthcare, transportation, taxes, alternative energy sources, our country and our community’s current economic challenges, and the subprime mortgage crisis. Specifically we talked with Congresswoman Shea-Porter about the Economic Stimulus Package, which includes $44 billion in tax cuts and incentives for businesses in addition to tax rebates for families.

It sounds like the business people of Dover, NH are concerned about the very same issues that are on everyone’s mind these days.

Follow this link to read the official Sell My Timeshare NOW press release about the Congressional Representative’s visit. Contact information for Carol Shea-Porter’s Dover, NH offices is:

104 Washington Street
Dover, NH 03820
phone: (603) 743-4813
fax: (603) 743-5956

To learn more about the opportunities in timeshare resales and timeshare rentals, visit www.sellmytimesharenow.com.

Do you know that you can resell your residential home (or any other type of real estate) without hiring a real estate agent or Realtor(r) to assist you? Of course you know that, and you’d be indignant and probably downright angry if it was any other way.

If you own a home, a piece of land, an office building, or other type of property, you have choices when it comes to reselling it. You can handle the sale yourself or hire a real estate professional to help you. You can use a buy-owner company to assist with part of the process, or you can select a range of services, from title agents to real estate attorneys, using only those you need to help you.

And the fact that no law requires you to buy or sell real estate from a real estate professional hasn’t done a thing to harm the real estate industry as a whole. In fact, the diversity of ways to sell is part of what makes the industry competitive and fair.

Millions and millions of people, who have sold their homes by a method, other than hiring a real estate professional, will tell you that they saved a lot of money that would have gone to an agent or a broker for advertising and showing the property or other fees that are paid as part of the commission. You also see the same ads on television that I see, with testimonials from people who have used a buy-owner real estate company to help them sell their homes, and are thrilled with the money they saved, or other features of the service they received. And as with anything, there are stories of people who tried to sell property themselves, and for whatever reason, got burned and wished in hindsight they had used a Realtor(r).

In any industry, including those that involve the sale of real estate, and those that involve the sale of timeshare real estate, there are good services and bad ones; there are services that work well for one person but maybe not for another. But American business is built on our freedom to choose to work with companies that we think, best serve our individual needs.

Ways to Sell Timeshare and Timeshare Resales

Timeshare developers, timeshare resellers, and timeshare advertising and marketing companies are all valid and contributing parts of the timeshare industry. Professional associations, such as ARDA, the American Resort Development Association, recognize this and support all factions of the industry.

While a few timeshare developers offer buy-back programs, the majority does not, leaving timeshare owners to come up with their own ways to sell timeshare they no longer wish to own.

Some people have a network of personal contacts that is so large, and a way to get the word to all of them, that they can sell timeshare themselves. But most of us don’t, nor do we want to hit on our friends and family members, trying to convince them to buy timeshare from us.

Some people want to sell timeshare but be separate from the process, letting someone else handle all the details, and for them it may be a great idea to work with a timeshare broker. And other people, just need help marketing their timeshare resale or perhaps handling the closing paperwork. The right choice for them could be a timeshare advertising and marketing company or perhaps a timeshare title transfer company. But it all goes back to choices…

Real Estate and Timeshare Real Estate in the US

Let’s face it. The residential real estate market in the US is about as bad as it has been in many years. But who do we blame for that? We can lay part of the blame on the rising price of oil that leaves people pumping larger and larger chunks of their paychecks into their gas tanks, with less and less money to spend on a new home.

We can blame a greedy element of the mortgage industry, that put people into mortgages that were so riddled with hidden charges the people couldn’t get out of them before the one obvious cost - that ever- adjusting interest rate, soared through the roof. We can blame politicians, heads of business, or just a predictable swing in the pendulum of life, but we can’t logically say that buy-owner or help-u-sell real estate services are to blame for the falling value of home prices. And it wouldn’t make any sense to say that timeshare resale companies are responsible for the resell price you can or can’t get for your timeshare property.

Whether you are looking at residential real estate, timeshare deeded property, timeshare points, or something totally different like new and used refrigerators, things sell for what the market will bear. People, not companies, set prices by what they are willing or able to pay.

New cars sell for prices that are comparably much higher than the price for which used cars sell. And new cars will continue to sell for that higher price because we are willing to pay the price, and because auto manufacturers spend huge dollars on advertising to convince you to buy their product instead of someone else’s. When that same car is resold, the second buyer pays market value (the price the market will bear) because he or she no longer has to absorb the cost of the car manufacturer’s pricey advertising.

The lower resell price has nothing to do with the used car dealer; it is just a fact of economics that applies in much the same way for resale timeshares as it does to resale automobiles. The economics of this aren’t complicated, but sometimes, you have to keep explaining them over and over again, because a few people, just don’t get it.

Gary May of the Ottawa Citizen has written an excellent article with advice for buying timeshare and timeshare resales. The article was printed in last week’s The Vancouver Sun, and covers 10 things to consider when you are ready to buy timeshare.

Here are a few of the reasons his timeshare advice is exemplary:

Gary May does not start or end his article with warnings about why it is a bad investment to buy timeshare. He seems to have a solid (and correct) grasp of the concept, that buying timeshare is no more about investment potential than buying a new car. You buy it to use it, not as a replacement, or even a supplement, to your financial investments.

He identifies that timeshare buyers have choices and options and that time is on their side. He counsels you to shop around and seriously evaluate your needs. How do you and your family vacation? Do you like to visit the same vacation destination every year, or do you like to explore new locations? He talks about maintenance fees, taxes, and timeshare exchange. All of which are very important to consider when you buy timeshare.

And on May’s list are two points, that are very important and resonate with great truth:

“Don’t be railroaded into buying something you aren’t sure about. If you go to a special promotion, you will be required to attend a demonstration. Consider this an education on the merits of timeshare. Don’t buy on a whim. Ask questions. Think it over. If you like what you see, bargain the price down. Never buy at the first price they offer.”

“Consider buying a timeshare from an owner: resales are everywhere since people’s lifestyles change. Resales can usually be purchased for far less than the original price and are listed on timeshare websites and in newspaper want ads.”

Answer to Your Questions about Buying Timeshare

On Sell My Timeshare NOW’s website we have a page - a long page - devoted to answering frequently asked questions about buying timeshare resales. We explain the difference in types of timeshare ownership, discuss banking timeshare weeks, and help you understand why timeshare purchased directly from a timeshare resort developer costs so much more than timeshare resales purchased from their current owners.

Timeshare ownership can be a great opportunity for you and your family to enjoy a lifetime of vacations. But like anything else, it should not be purchased in haste, nor should it be bought during a high-pressure sales pitch.

And for more on the subject of timeshares sold by high-pressure tactics, read the Timeshare Owners Blog tomorrow when we will be looking at a Mexico timeshares company that has been making headlines for all the wrong reasons.

According to information released by Wyndham Timeshares and Resorts, the United Arab Emirates is undoubtedly one of timeshare’s hottest markets. “It is expected that Middle Eastern residents will spend an estimated $1.2 billion a year on shared ownership properties by 2020…” says Wyndham timeshare in a recent media release.

The company makes it clear that the problems in the US economy will not create problems for Wyndham Worldwide, which not only owns Wyndham timeshare, but is the parent company for Group RCI timeshare exchange. And they credit much of their optimism to the sunny predictions specifically for Middle East timeshares.

Wyndham Timeshare CEO Speaks at Dubai Tourism Summit

Chairman and CEO of Wyndham Worldwide, Steve Holmes, is also the vice chair of the World Travel and Tourism Council. Holmes was part of the panel on “Travel and Tourism - It’s Good and Getting Better” that met this week during the Global Travel and Tourism Summit in Dubai. Holmes explains, “Travel and tourism continues to be a stable and growing industry around the globe… We have seen that when it comes to taking time off, people will adjust their travel plans to fit their budgets, but rarely cancel their vacations altogether.”

Wyndham timeshare’s position is that historically they have benefited from people tightening their wallets because many of the products they offer are in the mid-price and economy segment. Holmes sounds sympathetic but not empathetic when he says, “While we would like to see the US economy rebound, our company is well poised to succeed, even in this economic environment.”

Last week, The Timeshare Owners Blog reported on the partnership of Group RCI and Al Ghaith Holdings to operate timeshare exchange at the Bavaria Executive Suites timeshare resort. Two days ago we looked at Marriott timeshare announcing Marriott Vacation Club Dubai Festival City. If the predictions hold up, you can expect to continue to hear a lot of positive news about Dubai and United Arab Emirates timeshares in the months to come here on our blog.

The March 31 Timeshare Owners Blog ran a post titled, They Wouldn’t Have this Problem if They’d Bought Timeshare Resales. We were looking at a situation that occurred when a timeshare developer presold timeshare units, in many cases without recording deeds, but failed to build the timeshare resort. In another instance, the resort is built and operational, but this same developer and his partner failed to pay bills on the property or to give owners their share of the timeshare rental money.

Robert Reposa of Hingham, MA, the property owner, now owes thousands of dollars in unpaid state and federal taxes, not to mention the restitution he owes to timeshare buyers at the two properties: the Navigator Beach Club and Beachside Village in Falmouth.

The MA Attorney General has 50 complaints from timeshare owners who paid for, but did not receive, deeds for the unfinished timeshare units at the Navigator Club. On Tuesday, the Navigator Beach Club was sold at auction to a man who says he does not intend to use it as a timeshare resort. What happens next is just a wait and see situation for timeshare buyers, some who are out as much as $50,000.

Contact Information Regarding the Troubled Timeshare Deal

The Timeshare Owners Blog will continue to provide information about this timeshare deal gone wrong as it becomes available, as well as offering good advice for avoiding this problem when you buy timeshare. Here is a list of phone numbers and contact information that may be helpful if you have questions about the property or the ongoing investigation:

Massachusetts Attorney General.
(617)-727-8400

Consumer Complaint Form

Det. Sgt. Ben Wunderlich (Working the case for the Dennisport Police and coordinating with the Attorney General’s Office and the District Attorney’s Office)
(774) 352-1433

Robert Reposa
(781) 264-5296

George Fintonis
(508) 398-9153
george@capecodoceanresorts.com

Website for victims and others trying to learn more about this situation:
http://www.navigatorbeachclub.org/

This is an interesting link to the actual property auction from the ABC affiliate in Boston, WCVB:
http://www.thebostonchannel.com/video/15827067/index.html

Earlier this week, I wrote in the Timeshare Owners Blog about a predicted future escalation in global tourism leading to a shortage of hotel and timeshare resorts. Starwood Hotels and Timeshare resorts is just one of several hoteliers and developers that seem to think such predictions are solid.

In a multi-year strategy to revitalize the brand name of Sheraton Hotels & Resorts, Starwood begins this week on an aggressive expansion plan calling for 54 hotels and 20,000 guest rooms to be added to the Sheraton brand by this time next year. According to Starwood Hotels & Resorts Inc, the company will be spending approximately $2 billion just on North American properties. The plans include $1.3 billion in renovations and $400 million in key brand initiatives and upgrades at 100 US hotels.

Starwood’s official news release says that Sheraton is already the company’s largest and most global brand, and that they plan to increase this by opening one hotel every 12 days during 2008. Target markets include Denver, Minneapolis, Dallas, Phoenix, and Washington, DC. Globally, expansion plans include Egypt, China, Ireland, and Argentina.

Hoyt Harper II, senior vice president for Sheraton Hotels and Timeshare Resorts says, “Over the next several years, Sheraton’s footprint will become even more prominent, and as we grow, we will leverage Starwoods’ proven history of building great lifestyle brands to enhance the entire guest experience.”

Ready to Buy Sheraton Timeshare?

If you have ever considered buying Sheraton timeshare, there has never been a better time. You would become a Sheraton timeshare owner just as the company is putting billions of dollars back into their hotels and resorts - think of it as, getting in at the right time. And buying Sheraton timeshare from Starwood is not the only way to become a Sheraton timeshare owner. There are incredible opportunities to buy Sheraton timeshare resales, and bypass paying the developer’s upfront marketing costs. Visit Sell My Timeshare NOW today to learn more.

Here’s a YouTube video about the Starwood Spa collection that is reason enough to become a Starwood timeshare owner.

Recent Timeshare Owners Blog posts about Starwood timeshares include:

• Starwood Will Be Selling Timeshare from New Sales Galleries
• Starwood Timeshare Opens The Phoenician Residences