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Hurricane Dennis: Timeshare Owners Brace Themselves For Hurricane Season

Hurricane Dennis: Timeshare Owners Brace Themselves For Hurricane Season

Hurricane Dennis hit areas previously damaged by Hurricane Ivan ten months ago. Damages, though less than expected, still cause concern among timeshare owners and the timeshare-owning community.

After battering Florida’s Gulf Coast, Hurricane Dennis has dissipated. Though damage reports are much lower than initial estimates ($1 billion as opposed to a predicted $7 billion), Florida’s hurricanes pose challenges for the timeshare owners that own time at nearly 30,000 time-sharing units in the Sunshine State.

Florida is the timeshare capital of the world – however, vacationers who consider buying Florida timeshare would do well to examine the hidden costs. Last year, hurricanes converged on the Sanibel Island/Captiva Island area, and damage done to timeshare resort properties was severe. Many resorts in this area are still undergoing repairs at the time of this writing. In much of Florida, timeshare maintenance fees have increased to cover hurricane damages, and timeshare owners are often being charged, on average, $100.00/year above and beyond their usual maintenance expense. Some owners have been unable to use their timeshare because the damage has been so extensive.

Anyone looking to buy timeshare should investigate the property fully. It all boils down to posing the right questions to the timeshare seller, whether it be an individual owner or a resort company. Ask up-front about hurricane damages and how they affect the maintenance fees. Demand actual numbers! As a consumer, you have the right to get the complete lowdown on any property before you buy. On the other hand, if the timeshare you already own is damaged badly enough as to be rendered uninhabitable, ask about your exchange options. Many timeshare owners have found that resorts and their affiliated exchange companies are quite willing to help an owner exchange timeshare weeks in this situation.

Hurricane-damaged properties are very attractive on the resale market, because of their low price. This could pose an incredible opportunity for a timeshare buyer. People buy high-demand timeshare weeks in these circumstances for as little as $50.00! Then, when the resort is repaired, they get to spend their time in a freshly renovated unit that often boasts better amenities than it did before it was damaged. However, if you plan on purchasing a damaged property, be aware that resorts pay for their renovations by charging maintenance fees and special assessments to timeshare owners. True, the cost can be divided between hundreds of timeshare owners, but the cost is directly proportionate to the amount of repair necessary. Even though timeshare buyers can save thousands on hurricane-damaged timeshares, the abrupt increase in maintenance fees can prove disconcerting to a timeshare owner. One is left with the choice of either absorbing the increase in maintenance fees (which are still likely to total much less than the original purchase price of a new property), or exchanging banked weeks for a timeshare in better condition. The answer? Ask the timeshare seller whether or not the maintenance fees and special assessments have been paid to date.

No matter where you buy timeshare, be sure to pursue your own due diligence with regard to any timeshare property. Research any timeshare thoroughly before buying. A well-thought-out timeshare purchase can mean years of happy vacations for the rest of your life.

The Florida Timeshare Resale Market: EXPLODING With Opportunities!

The Florida Timeshare Resale Market: EXPLODING With Opportunities!

With sellers pricing their property at or below current market value, Florida timeshare buyers save BIG!

Is it any surprise that Florida has more timeshare resorts than anywhere else in the world? A vibrant cultural atmosphere, miles upon miles of beaches, and exhilirating theme park attractions make for an unbelievable vacation getaway. In fact, most people are delighted to return to their Florida Timeshare year after year.

It seems that people really enjoy their timeshares! This sounds like speculation, until you visit the website of Resort Condominiums International, the world’s largest timeshare exchange company. According to RCI, the Community has 300,000 registered members, 9,000 new registrants per month, 80,000 visitors per week, and 85,000 vacation photos submitted by members. With numbers like this, it’s clear to anybody that the timeshare industry is growing with considerable rapidity. Right now, though, it’s a buyer’s market. This means that an impressive variety of Florida timeshare resales can be bought on the resale market for as little as 20 cents on the dollar, as compared with the resort’s original asking price! This is a COLLOSSAL SAVINGS! You can also rent Florida timeshares from the owner, and get more awesome amenities for your vacation budget.

Selling timeshare?

Selling timeshare?

Want to sell timeshare quickly, with as few hassles as possible? Here’s key information for anyone who wants a successful timeshare sale.

In the marketing business, the successful promotion (and the subsequent sale) of a product or service boils down to three things: location, location, location! Even in the field of online business, this adage still applies; in fact, now more than ever! The key is to expose your product to the greatest number of people who are specifically searching for your product or service. When selling timeshare, why not position your advertisement so it will reach the largest possible number of prospective timeshare buyers?

Consider this: many people have tried to resell timeshare through the newspaper, using either online or print ads. While these publications can certainly reach a large number of people, they simply don’t reach enough prospective timeshare buyers to even justify the cost of placing the ad. The traffic that newspapers receive is simply not targeted. All kinds of people read classified ads for all different reasons. Wouldn’t it be nice if there were pages of classified ads just dealing with timeshare? The good news is, these exist. The bad news is, though these attract a more targeted readership, they receive minimal traffic because nobody knows where to find them. Various timeshare forums exist, and veteran timeshare owners will often recommend online classifieds services that deal with timeshare. However, if you aren’t a long-standing member of the “international timeshare elite”, how do you find out about these services? In many cases, they are practically invisible to people searching the web, largely because they are not going out of their way to attract attention to themselves. Why should they? They already enjoy a good reputation with people in the know.

In this day and age, is word-of-mouth advertising really the most effective way to promote a resale timeshare?

In this business, we frequently encounter people who list their properties with an online classified-advertising service specializing in timeshare. These are usually “self-serve” sites which usually charge a minimal monthly rate of around $20.00. Again, because they specialize in timeshare, these websites are frequented regularly by a small number of timeshare owners, so they receive targeted traffic. What most people find challenging is that using a service like this does not give them the broadest possible exposure for their property. The timeshare market is booming, with millions of eager first-time timeshare buyers searching the net every day! People who sell timeshare are looking for a more aggressive timeshare resale company who can promise to drive the most qualified, relevant traffic to its website. Sure, an online classified ad site is cheap, but can it really get the job done?

Most high-profile timeshare resellers charge a one-time, upfront fee of several hundred dollars to advertise a timeshare. Why does this cost so much, in comparison with the small monthly fee charged by a timeshare classified site? The lion’s share of this money that a resale company charges (if the company is reputable and actually does what it promises) goes toward driving qualified, relevant traffic to the site. This means more exposure, which ultimately translates into a faster timeshare sale with fewer hassles. You aren’t just marketing your timeshare to an assorted few seasoned timeshare owners already hip to the inside track, you’re breaking out into a huge new market filled with millions of people actively seeking to buy their own timeshare!

We encourage our clients to obtain the maximum amount of exposure for their property. If it is cost effective to pay $20.00/month to advertise their timeshares in an online timeshare classified page, we say “go for it!” However, know that you are by no means limited to just one timeshare resale company. We’ve even had clients who enlisted our services in addition to those of a competing timeshare reseller, effectively pitting two companies against one another to see who can sell timeshare fastest!*

Tips for Selling Timeshare

Though timeshare classified advertisers exist, a high-traffic, highly visible timeshare reseller that continually invests in web site optimization is your best bet for a successful timeshare sale. Here’s some tips on what to look for:

  • Do a search for a specific geographic area, or a specific resort on Google or another major search engine, for example “Fairfield Branson at the Meadows” or “buy Arizona timeshare resales”. A company that comes up on the first page (ideally number one for any search results page) is a strong company to go with.
  • Make sure the company ranks well for basic terms like “timeshare resale” and buy timeshare. Most people who are searching for timeshares start with vague search terms (unless they are looking for time at a specific resort or geographic area). The higher the ranking, the better.
  • If a company depends on sponsored results (also known as “pay-per-click” advertising because it costs money every time someone clicks on the link), know that it is spending large amounts on maintaining visibility. It is only cost effective to do this for a few terms. Most companies can spend upwards of $10,000/month on pay-per-click. A company that depends on paid listings is likely not to do well across the board when it comes to natural, or “organic” listings. Paid ads are best used to complement natural results. Look for a company that doesn’t have to resort to paid advertising to maintain its search visibility.
  • Check out how your ad will look- sometimes, an ad can get lost in a heap of other ads competing for attention on the same page. Ideally, the ad for the timeshare you want to sell should have its very own page. It is especially nice if this page is well optimized for search terms relevant to that property (example: “El Cid La Ceiba” is a search term used by people looking for timeshare at this resort), so it ranks with good visibility when someone searches for it.
  • I have to reiterate that it is absolutely vital that, before you give your credit card information to any company, check to see if they have a record with the Better Business Bureau! If so, how many complaints have they received? How were they resolved? Is this company a BBB member in good standing? Be wary: timeshare companies with an appalling BBB record will sometimes create new websites with slightly different domain names, so they can pretend to have an unblemished history. In reality, it’s just the same shoddy product with a fresh coat of paint.

If you want to promote your timeshare resale property before the largest possible number of timeshare buyers, please consider SellMyTimeshareNOW. We employ the very latest and most successful internet marketing strategies in order to bring a fast, safe, and trouble-free timeshare sale to our clients.

*SellMyTimeshareNOW offers this money-back guarantee for all timeshares advertised on our site: if you sell your timeshare through a competitor’s services before we can sell it, present us with a proof of the sale within thirty days and we will refund your money, with no exceptions.

When Dealing With Timeshare Resorts Outside of the United States, Use Caution!

When Dealing With Timeshare Resorts Outside of the United States, Use Caution!

In foreign countries, laws regulating timeshare resorts, timeshare sales and other real estate purchases can be very different from US laws.

Recently, I read an article about timeshare owners who were pressured into buying timeshare from  timeshare resorts in Mexico. They wanted to buy a timeshare for the sole purpose of renting it out. However, not only did the contract they signed specifically forbid them from renting the property, the rental company that they were referred to did nothing to help them rent this timeshare. Though the terms of this agreement seem self-contradictory, many people each year are, in effect, scammed at timeshare resorts by unethical timeshare salespeople using similar ploys.

Laws pertaining to the regulation of real estate (including timeshares) differ drastically in all parts of the globe, and this can create leverage for dubious timeshare sales agents to exploit. For example, in the UK, the cooling-off period (a period of time during which a timeshare transaction can be cancelled for a full refund after it is completed) is ten days. In Mexico, it is five days. Recognizing this, the US State Department warns potential timeshare buyers not to sign a contract which penalizes the buyer for canceling the timeshare sale within five days.

In addition to carefully reading through any agreements, people who buy timeshare directly from a resort should familiarize themselves with local laws that may affect the terms of sale. For instance, Mexican law prohibits the ownership of property by foreigners within 100 kilometers (about 62 miles) of any border, or within 50 kilometers (about 31 miles) of a coastline. Typically a Mexican bank holds the property in trust, and a trust beneficiary enjoys the rights of ownership. This is why rental timeshares and right-to-use agreements are the predominant ways in which Americans enjoy Mexico timeshares. This is not to say that anyone who wishes to use timeshare in Mexico will undoubtedly undergo a bad experience; rather, it is more accurate to suggest that anyone looking to buy timeshare in a foreign country should pursue as much research as possible before entering into an agreement.

In regard to the article under discussion, I am inclined to wonder if things would have turned out quite differently for the timeshare owners, had they investigated their options in the timeshare resale market. Before they were approached by the resort developer’s sales team, they may have been pleased to find out that they did have the option to buy a resale timeshare directly from a timeshare owner, saving a considerable amount of time, money and hassle in the long run. Local regulations aside, even after they were duped into buying this property, they might have discovered that a reputable online timeshare reseller could have given them a chance to rent this property (like they intended to do from the beginning) or resell the timeshare outright. Sadly, as events unfolded, they became the latest in a long line of timeshare buyers badly treated by the resort industry.

If you are thinking of entering the timeshare market, please consider SellMyTimeshareNOW. We are committed to providing quality service and a high degree of marketing visibility to our advertisers.