Tuesday, January 5, 2010
People who have money to spend these days are often home shopping and why not? The residential real estate market is flooded with homes at rock bottom low prices, supported by the lowest interest rates in decades. And if it is the right time to buy real estate, does this include buying timeshares or timeshare resales?
Yes, suggest Bankrate.com in an article titled, “Should you buy a timeshare now?” that was published on the real estate section of their website. The article starts by pointing to the 2009 decline in annual timeshare sales as validated by ARDA that reported timeshare sales down 8 percent from 2008 to 2007.
But—and this is a valid and unchanging truth about timeshare sales—DO NOT buy timeshare as an investment strategy. Bankrate.com quotes Judi Kozlowski, a broker with Re/Max Properties SW in Orlando, Florida who says, “Only those who want to use the timeshare should get into the market. Timeshare is an investment in your time and family, not a financial investment.”
Lisa Ann Schreier, founder of Timeshare Insights reinforces the message, “Timeshare isn’t a business for consumers; it’s a vacation alternative. A timeshare should only be thought of as an investment in your future vacations.”
Buy Timeshare and Timeshare Resales
I don’t know where you are investing these days; most of us are pretty perplexed by that challenge. But I do know that there are a few things definitely worth your “investment”.
- Invest your time in creating a greater sense of stability and more peace of mind. Buying timeshare today means you lock-in today’s vacation accommodation rates (currently at very competitive prices) for a lifetime of vacations. When you buy timeshare, you make vacation planning the easiest it can possibly be.
- Invest your heart in those people you care about most. Build stronger family bonds and create more meaningful moments and lasting memories. Even young children are affected by the negative news of an unstable economy, a collapsing job market, threats of terrorism, and today’s “reality”. Timeshare vacations afford you and your loved ones a time and place to forget about the daily grind, reconnect, and restore.
- Invest in yourself. Take better care of your health, which often includes both exercising more and relaxing more. Carve out time to recharge yourself in new venues and favorite vacation spots. Not only do you owe it to yourself, you owe it to those who depend on you.
As Howard Nusbaum, president and CEO of ARDA points out, a timeshare has a value proposition that comes from using it. Yes, now is a great time to buy timeshare, especially right-priced timeshare resales, but buy timeshare because you plan to use and enjoy it, and never because you are looking for a financial investment.