Timeshare Sales Today - Timeshare Sales, Resales, Rental & Buying Information Center |
Timeshare Sales Today - Timeshare Information Center |
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Welcome to our Timeshare Information Center. Our goal is to provide our clients and internet users the most extensive Timeshare Resource Center on the Internet. We encourage anyone considering buying, selling or renting a timeshare to read these informative web pages before you make a decision. If you need more information please call us Toll Free at 1-888-226-1055 or use our convenient contact form.
As the Timeshare Resales industry grows larger certain leaders are recognized for their contribution to the industry. These leaders not only shape the future of the industry but also set the standards for the others to follow. Currently there are thousands of resorts scattered throughout the world. Companies like Wyndam, Westgate, Palace, Marriott, Westin, Sheraton, Disney, Bluegreen, and Hilton are just a few of the leaders in the timeshare industry.
Vacation or Timeshare ownership is the right to use specific weeks of a resort during a specific time period. Simply put, it is the pre-purchase of future vacation weeks. Timeshares are more accommodating than a mere hotel room. Condominium-style units usually feature fully-furnished kitchens, generous living areas, and ample sleeping options for family or friends. Ownership of a Timeshare vacation property is very similar to ownership of a condominium except that your rights are limited to a certain week (or weeks, if you purchase multiple intervals) during the year. The form of ownership can be deeded, leased or licensed. The license is somewhat different, in that it is most commonly a timeshare membership in a club. Providing you are a member in good standing, you have the right to use the club and all its amenities. Be sure to read and understand all the terms and conditions of your club membership before you make the decision to buy. Most vacation ownership's consist of either a deeded interest or a leased interest for a specific number of years. Deeded units are owned outright forever. It is an absolute right that can be sold, leased, or even willed to your heirs. The less common leased interest is much like an apartment lease except right to use it is restricted to a specific week during the year. Upon the expiration of the lease term your right to use it will generally terminate and return to the resort. With leased resales you should know the terms and conditions of the lease prior to making the decision to purchase. Your use can be either Fixed or Floating. Fixed time is a specific week during the year (See Weeks Calendar) usually defined by a number. With most timeshares, generally the week will begin on a Friday, Saturday or Sunday and is given a number starting with the first week in January and continuing through the end of December. Example - week 14 might be April 7 through April 13 Floating time means you have the right to select any available resale week within a certain season of the year. Therefore, if you own a summer season week you could pick any week that falls within the defined summer months. However, competition between existing timeshare owners for prime weeks in very desirable locations can impact availability. It is important to find which type of use best fits your specific time share needs. Each resort is different and offers various benefits to its timeshare owners. Many resorts give special reduced rental rates for extra nights or use of other resorts that are owned by the developer. This can add to your flexibility and provide substantial savings on vacation costs. Also, consider how and where you normally vacation. This is very important in making your decision about where you should purchase and what you will have to trade.
Time share history and why timeshares became popular.
The timeshare industry can be traced back to Europe in the 1960s. Superdevoluy™, a ski resort in the French Alps, was the first in the world to use the timeshare program. The ownership of individual weeks guaranteed reservations for those who wanted to ski the area every year. It was an immediate success. By the 1970s, some faltering condominium projects on St. Thomas, Fort Lauderdale and Puerto Rico were converted over to the timeshare model of ownership. Thereafter, timesharing became an increasingly popular vacation alternative. Once the information spread and the United States embraced the concept of vacation ownership, it began to gain wide acceptance worldwide. Since timesharing began, the timeshare market jumped to over $50 million by the mid- 1970s and have climbed to $6 billion annually today. The time share resales industry has grown substantially over the years with approximately 5 million timeshare sales since 1980. Currently, there are over 5,000 vacation ownership resorts in 90 countries around the world. Exchanging a vacation ownership week in one resort for that of another resort was introduced in 1974 and brought new elements of variety and flexibility to the vacation experience. Although there are many exchange companies available that provide excellent service, the two major players are Resort Condominiums International (RCI™), which has approximately 3,500 member resorts, and Interval International (II™) with approximately 1,800 member resorts. Combined, these two companies provide over 1,600,000 exchanges each year. During a 30-year span, the timeshare industry has grown from small (15-20 unit) hotel conversions to the high-quality condominium resorts of today. The timeshare industry has evolved from that of a few scattered entrepreneurs, to well managed professional development companies. This change in the timeshare industry has brought with it a noticeable change for the better. Definitive leaders have emerged and created standards and ethics for time share management, marketing and sales practices. One such organization is the American Resort Development Association (ARDA) whose members are required to comply with an established "Code of Ethics." The recent entrance into the marketplace by major hospitality chains such as Disney™, Hilton™, Ramada™, and Marriott™ has greatly enhanced the quality and image of the timeshare industry. The timeshare resorts of today are luxurious, have a wide array of amenities, and are well located. With the advent of these stronger and more professional development and management companies, the timeshare industry is now representing a very positive public image. One of the industry's leading analysts (Ragtag and Associates) concluded that the majority of owners are pleased with their purchase and, in fact, many now own multiple weeks. The future of ownership is very bright and has tremendous potential.
We hope you have found this information to be helpful. If you have any questions please feel free to contact us and one of our qualified agents will be happy to assist you with all your timeshare resale, rental, and buying needs. Remember, if you need to buy, rent, or sell timeshare, Timeshare Sales Today is the Industry Leader for timeshare resales. We Create Timeshare Vacations Daily. |
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