Sell Timeshare

When you want to sell timeshare and you put your vacation property on the market as a timeshare resale, it may surprise you which features make it most attractive to people looking to buy timeshare. The rule is the same for timeshare real estate, as it is for residential homes, commercial property, and vacation housing: location-location-location.

Timeshare at highly sought vacation destinations is attractive to people interested in timeshare condo resales and vacation club memberships. But timeshare resales have one huge advantage over other types of real estate when it comes to the subject of location because so many timeshare resorts offer exchange privileges at other resorts, or through timeshare exchange memberships like Interval International and RCI timeshare. In fact, frequently, when people buy timeshare, they look for properties – not at the destination they want – but at a destination where they think other people will want to make a timeshare exchange.

The second factor that strongly affects salability of timeshare resales is the dates or time of the year you own. Many people who buy timeshare must plan their travel and vacation dates around school calendars. However, despite the fact that timeshare sales are increasing rapidly among younger buyers, the largest market for the purchase of timeshare weeks is still among Baby Boomers – the demographic that is the least likely to be concerned about school holiday schedules.

Of course, the features and amenities that your timeshare resort offers, also makes a big difference with attracting people to buy your timeshare resale. Beachside access always attracts buyers, as does a location near popular ski sites. But also attractive are what is known as “drive to” destinations, which may not be on the beach or near the slopes, but do offer the advantage of being geographically located within easy driving distances for large populations of people.

At the resort, it has long been the standard that location at a golf course or with golf access makes timeshare resales more desirable. But according to recent information released by M.I.C.E, (an acronym for MEETING – INCENTIVE – CONFERENCE – EXHIBITION , a professional organization for meeting and event planners) interest in tennis between the years 2000 and 2005 increased by more than 12 percent. According to the Sporting Goods Manufacturers Association, tennis is experiencing the highest growth rate of the 114 traditional sports tracked in the United States. So if your timeshare resale offers tennis courts on property or nearby, be sure to make that point known to potential buyers. In these tighter economic times, the cost of playing tennis as compared to the cost of playing golf, is bound to be a consideration by some vacationers.

For more information about the easiest and most effective way to sell timeshare, visit the timeshare resales experts at Sell My Timeshare NOW.

According to Forbes.com, in a real estate section article titled, “Soft Market Secrets to Selling a High –End Home,” new home sales are at their lowest level in over 12 years. Home mortgage applications have fallen to their lowest level in a year, and people with homes they must sell are learning that the real estate market tolerates few miscues by home sellers.

But the science of selling residential property in a tough market offers us some value insight about selling timeshare real estate. Consider the three important observations Forbes writer, Matt Woolsey, makes in his article:

1. Price your property right from the very beginning. A 2002 University of the Pacific study examined almost 3500 home sales and found that sellers who priced their property high, and later reduced the price, took longer to sell and ultimately sold for less than homes that were priced competitively the day they went on the market.
2. The perks you add to your deal may not be what actually creates the sale, but they are the incentives that create interest in your property, and the more buzz you create, the more likely you are to find a buyer.
3. Using the internet is huge. The National Association of Realtors estimates that three quarters of all homebuyers begin their searches online.

It is not rocket science to see how much all three of these residential sales facts carry over to the buying and selling of timeshare real estate.

Sell My Timeshare NOW urges timeshare owners who want to sell timeshare to look seriously at competitive properties on the market and then price their timeshare unit to sell. Sure, you can price high, and lower your asking price later, but what do you really gain by this approach?

Next, remember why you bought the timeshare condo or timeshare unit to begin with, and make sure you emphasize to prospective buyers the benefits and advantages of buying timeshare at your resort.

Lastly, if you think the internet is huge in helping homebuyers find residential property, double or triple that impact for helping you sell timeshare. When you want to sell timeshare, you can’t count on Sunday afternoon drive-bys to bring you your buyer. You have to deal with a timeshare advertising and marketing company that can put your property in front of a global audience of prospective timeshare buyers—and for that, there is no better choice than Sell My Timeshare NOW.

Visit our website to learn more about selling timeshare in today’s competitive market.

India is a growing market for timeshares resorts. Not only does the magic of India attract multitudes of tourists, but there are also large populations with Indian heritage who live around the world and who make regular trips to visit family and friends in India. For many people with Indian ancestry, owning an India timeshare is the perfect solution to annual or biannual visits to their homeland.

Two India timeshare resorts recently to receive recognition for their amenities and quality are Ffort Radisson Holiday Klub and Orange County. Ffort Radisson Holiday Klub (note the resort name often appears with both the traditional “Ffort” spelling and the Americanized version, “Fort”) is designed with a historic theme and is built on 160 acres along the Hoogly River. Orange County is located in Western Ghats on a coffee and spice plantation.

Both Ffort Radisson and Orange County are Resorts of International Distinction and recipients of the AIRDA (All India Resort Development Association) Gold Crown Award for consistently surpassing international standards of excellence in timeshare resort quality and hospitality. AIRDA is a member of ARDA – the American Resort Development Association – and works to further the development of timeshare resorts and timeshare vacationing in India, addressing both the interests of the timeshare industry and of the timeshare owner or timeshare renter.

But just how serious is India about the timeshare industry?

Anand Mahindra, chief of India’s $6 billion Mahindra Group was recently quoted in Newsweek as saying, “We’re the largest time-share operators in India. Club Mahindra, part of our real-estate division – with 22 resorts worldwide – will list in 2008. With the currency factor and the rising affluence and leisure time in India, it is the fastest-growing company in our group. Indian tourism is No 2 in the world after China.”

Mahindra’s point is that the weakened US dollar makes America a prime market for a company such as his with widely diversified interests and that is interested in buying into US manufacturing while the dollar is soft in the international market. Mahindra and Mahindra’s businesses go far beyond timeshare resorts and include automobile manufacturing, tractors, financial services, insurance, retail, and a number of other products and niche markets.

Look for this timeshare company and others to be making advances in the timeshare industry, seeking to build on the heightened interest in India timeshares and the weakened value of the US dollar. And if you are interested in keeping US dollars in the United States and still owning India timeshare, look at timeshare resales and timeshare rentals advertised at Sell My Timeshare NOW. When you buy timeshare resales, you are bypassing the middleman, and dealing directly with the person who currently owns the timeshare weeks. In this troubled economy, timeshare resales are the true win-win for people who want to sell timeshare and for people who want to buy timeshare.

Be sure to visit our timeshare blog again on Monday, when I will be sharing a really interesting account of timesharing in India.

If you happen to have ever been a victim-er, I mean customer, of Ameriquest Mortgage or AMC mortgage, you probably know that last week was significant. December 13 and 14 were the days that checks were mailed to several hundred thousand people who participated in the Ameriquest Multistate Settlement.

On the now sinking ship of many subprime lenders, Ameriquest was once at the helm. This past August, Ameriquest Mortgage went down for the last time and its holdings were acquired by Citi Residential Lending.

Facing allegations of predatory lending practices that include everything from outright lying to borrowers to tricking them into signing double sets of mortgage papers, Ameriquest had little choice but to agree to reimburse some of the money they had gained through their unethical practices. The official website for communicating details about the settlement to borrowers explains, “The Settlement resolved an investigation by the Attorneys General and/or banking and finance regulators of every state (except Virginia) and the District of Columbia into claims that Ameriquest and other affiliated companies had engaged in various unlawful mortgage lending practices from January 1, 1999 through December 31, 2005.”

Only a few short years ago, Ameriquest was riding the crest of the subprime mortgage wave, advertising heavily on television, writing big checks to support political campaigns, and sponsoring football bowl games, with a promise to potential borrowers that, “You are more than your credit rating.” You can read all 55 pages of the settlement agreement here, but the bottom line is that qualifying borrowers are receiving their share of the nearly $300 million in settlement monies.

Roughly 60 percent of the half million people eligible filed before the September deadline to participate in the settlement. Last week, when the checks were mailed to borrowers, the amounts paid per person were between approximately $100 and about $7000. In most cases, the checks average between $500 and $900 per person, an amount that will no doubt be welcome by anyone this time of year, but is little comfort to the people who lost their homes and/or thousands of dollars because of the company’s manipulative lending practices.

On MSN Money, Liz Pulliam Weston, winner of the 2007 Clarion Award for online journalism, has one of the best articles I have read dealing with the whole subprime mortgage issue, its causes, and how it affects every single American. I hope you will take a moment and read her article, “Let’s Fix This Sub Prime Mess”.

Because timeshare real estate is rarely financed through loans that are structured like those of home mortgages, the current crisis in subprime mortgages has not directly affected timeshare real estate and vacation ownership. But that’s certainly not to say that it hasn’t indirectly affected timeshare real estate. Let’s not lose sight of what is really behind the record number of mortgage defaults and pending foreclosures. An Associated Press article by Rachel Beck, titled, “ALL BUSINESS: What’s Behind Foreclosures” adds further insight to the situation by bringing up statistics from the largest mortgage lender in the US, Countywide Financial Corp. Nearly 60 percent of Countywide mortgage loan defaults in the first 10 months of this year resulted because the homeowner experienced a loss in income due to salary cutbacks. And another 20 percent of defaults are attributed to the borrower experiencing illness and subsequent loss of income or going through a divorce. In fact, only 2 percent of Countywide mortgage defaults are directly attributable to payment increases because of adjustable mortgage rates.

So the big picture here is that a combination of factors that include everything from escalating adjustable mortgage rates, to divorce, illness, a slow housing market, and a sluggish job market, have all collectively worked to leave a record number of families at foreclosure’s door.

While few if any timeshare condos are financed on an adjustable loan, the overall economic climate does contribute to the fact that inventories of available timeshare resale continue to grow. As people deal with the need to cut back their expenditures because of job loss, divorce, or a growing home mortgage payment, they are putting their vacation club memberships and timeshare condos on the timeshare real estate market. At the same time, there will always be new timeshare resale coming on the market, not because of hardships, but because people’s lives simply change. Children grow up and leave home, people relocate because of job promotions, and other life changes cause people to sell timeshare and move on to something else – which may even be new timeshare real estate.

If you need to sell timeshare, Sell My Timeshare NOW has solutions to make it easier. And if you are in the market to buy timeshare, then the smart place to start is by shopping timeshare resales. No matter what your current situation in our changing economic environment, Sell My Timeshare NOW has answers to help you.

Don’t miss this YouTube video where ABC’s Brian Ross investigates Ameriquest and one man, Roland Arnall, who remains untouched by all that has happened at Ameriquest.