Saturday, January 26, 2008

What Makes Your Timeshare Resale Desirable

Author: Jason Tremblay

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.

 

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Friday, January 25, 2008

Airlines Make it Easier to Take a St. Maarten Timeshare Vacation

Author: Jason Tremblay

Vacation in Caribbean Timeshare

Because St. Maarten is a popular vacation destination and the location of many wonderful timeshare resorts, air travel there continues to expand. Air service from the US already included American, US Air, Continental, and Delta but the additions of Spirit Airlines flying out of Fort Lauderdale and more recently, JetBlue from New York, gives timeshare owners and vacationers a lot more options in budget friendly airfares for getting to St. Maarten timeshare resorts.

St. Maarten (or Sint Maarten) and St. Martin are the French and the Dutch sides of one of the Caribbean’s most desirable vacation destinations. The two bordering governments co-exist in harmony and there are no checkpoints when crossing the borderlines, so when you vacation there you can swim on a Dutch-side beach in the morning and have lunch at a French-side café without even a trip through customs.

The island is less than 40 square miles in size, but because of the mountainous elevations, the island “lives large” with many villages built on hillside slopes. St. Maarten is considered part of the Netherlands Antilles, which also includes the islands of Bonaire and Curacao, and is just off the coast of Venezuela. The other two islands of the Netherlands Antilles are St. Eustatius and Saba, which are both close to St. Maarten.

One of the largest resorts in St. Maarten will be the new Westin St. Maarten Dawn Beach Residences in St. Maarten, where an adjacent Westin resort will provide condo owners the amenities of a hotel guest experience. Like other condotel or condo hotel developments, this should prove to be a win-win, where condo owners enjoy up to 28 days per year in their properties while receiving a percentage of the rates for the other days the condo unit is rented. At the same time, Westin can develop the property, relying on money from condo owners to greatly offset the funds the developer must secure in its mortgage.

With more St. Maarten timeshare resort and condo properties from which to choose and more ways for getting to the island, what’s stopping you from planning a St. Maarten timeshare resort vacation? The opportunities in timeshare resales in the Netherlands Antilles are huge, and Sell My Timeshare NOW is the perfect place to start planning your tropical island vacation.

 

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Saturday, January 19, 2008

Options for Timeshare Owners When Civil Unrest Threatens Timeshare Vacations

Author: Jason Tremblay

These days, when every evening’s nightly news seems to always bring us new warnings of unrest, terrorism, and political disruption around the world, you might think people who buy timeshare abroad risk being stuck with timeshare condos or condo resales that they cannot use and cannot rent or sell - but that is generally not the case.

First, as a timeshare owner, you may have the option to bank your timeshare weeks for future use, or to turn them over to a timeshare exchange. Many timeshare exchange programs do not require your timeshare weeks to be picked up by someone else in order for you to enjoy a timeshare vacation at a different resort.

The next thing to remember is that many times, while it may not be safe for people of your particular nationality to travel to a foreign country, people who live in that country may be able to travel freely and vacation without incident. Although this is not currently the case in Kenya, as I wrote about in yesterday’s Timeshare Owners Blog, when this does apply, you may want to use your timeshare weeks as a timeshare rental. To successfully rent timeshare to people from other countries you must advertise and market it through a timeshare company like Sell My Timeshare NOW that has a global marketplace and the expertise to bring timeshare rentals to the attention of interested renters or even buyers around the world.

The problems in one part of a country do not always affect vacationing and timeshare resorts in other areas of the same country. Don’t immediately assume that an entire region or country is dangerous just because you hear about one incident, in one location. In fact, isolated events in one part of a country can sometimes have an upside for travelers in other areas, making tourist dollars especially appreciated in an area where other parts of the country have recently received bad publicity. Attractions, restaurants, and other tourist areas are less crowded and sometimes offer discounted prices in efforts to attract business once again.

Kenya Timeshare Resales, In the Future

I am not in any way making light of recent tragic events in Kenya or any other part of the world that has suffered adversity. But I am suggesting that if you own timeshare weeks in a locale that has experienced problems, whether it is weather-related, incidences of terrorism, or other types of crime or civil unrest, don’t immediately assume that all is lost for utilizing your timeshare unit or timeshare weeks. You have options and Sell My Timeshare NOW can help you assess those options and make the choice that is right for you.

Here’s a You-Tube video that reminds us of the natural beauty of Kenya.

 

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Friday, January 18, 2008

Not the Right Time for a Kenya Timeshare Vacation

Author: Jason Tremblay

Africa timeshare resales and Africa timeshare rentals

You don’t often hear me say that you should put your timeshare vacation plans on hold. But if you own timeshare weeks in Kenya, now is probably not the time to plan a Kenya timeshare holiday. Over the past two years, I have written several timeshare blogs about the fact that Africa timeshare is really beginning to come into its own. South Africa in particular is an up and coming market for timeshare resort development, timeshare resales, and condo resales. While Africa, from mysterious Morocco all the way to cosmopolitan Cape Town, has always attracted adventure seekers, I have to think that reality TV shows like Survivor, The Amazing Race, Survivorman and perhaps even Meerkat Manor have inspired people to pick up a camera and a pith helmet and plan a safari vacation.

But before you make your travel plans for an Africa timeshare vacation, keep in mind current political and civil unrest in some parts of the continent. In October, the US Department of State issued a warning about the risks of travel to Kenya, stating, “American citizens in Kenya should remain vigilant, particularly in public places frequented by foreigners such as clubs, hotels, resorts, upscale shopping centers, restaurants, and places of worship. Americans should also remain vigilant in residential areas, schools, and at outdoor recreational events, and should avoid demonstrations and large crowds.”

Since that time, the Department of State has updated that warning twice, most recently on January 11, adding, “US citizens should strongly consider the risks of travel to Kenya at this time and defer non-essential travel to the three provinces of Nyanza, Western, and Rift Valley…Although widespread violence, demonstrations, and looting in Nairobi and throughout Kenya have subsided, there is a potential for spontaneous violence in the current political climate…Road travel in western Kenya remains unsafe.”

Likewise, the British Foreign Office is advising against all but essential travel to Kenya. The British Federation of Tour Operators continues the suspension of travel and tours to Kenya that began last month and urges all travel and tour agents to either rebook travelers to other destinations or refund their money. Previously scheduled tour flights from the United Kingdom to Kenya continue, but only for the purpose of providing travelers already there with a way to leave the county.

In tomorrow’s Timeshare Owners Blog, I am going to talk about strategies for timeshare owners if your timeshare resort is located in an area that is experiencing crime or unrest, and the important role Sell My Timeshare NOW can play in assisting you.

Remember that for US citizens, the Consular Information Program provides the most accurate and up to date information about security conditions for travel in all parts of the world. You can visit their website or contact them by calling 888-407-4747 from the U.S. and Canada or 202-501-4444 from outside the U.S. and Canada as a regular toll call. British citizens should check the website for the British Foreign and Commonwealth Office at www.fco.gov.uk

The US State Department’s Travel Advisory for Kenya will be reevaluated on February 12.

Kenya Timeshare Resales and Timeshare Rentals

 

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Saturday, January 5, 2008

Is Solana Beach Making the Right Move for California Timeshares?

Author: Jason Tremblay

Solana Beach could become the first city on the California coast to ban the development of California timeshare resorts. While I understand their objective of protecting their tourism dollars, I personally don’t think banning timeshare condos and timeshare resorts is the answer.

The problem has arisen because some Solana Beach residents and business people view the conversion of coastal hotel properties into timeshare resorts as “privatizing” beachside property that should be available to tourists. The San Diego Union Tribune says that the Solana Beach city council has been considering this move for more than a year.

On December 12, the council approved a ban that includes three types of property within the commercially zoned areas of Solana Beach: condo-hotels or condotels; fractional ownerships, including traditional timeshare real estate; and any other timeshare arrangement for property ownership not covered by the first two. Some existing timeshare real estate in Solana Beach is to be excluded because it is considered to have ownership through non-conforming use agreements.

While timeshare real estate and condotels sound to most of us like they should be good for tourism, the Solana Beach city commission’s concern is that some condotels cost as much as $600 per night, a price they consider to be out of the range of many tourists. Yet as one Solana Beach property owner says, “Why would you want to make a financially reasonable way to own property in our very desirous town unattainable to many? By outlawing this form of ownership you would be needlessly shutting out opportunity to many.”

The city is expected to formally approve the ban in its next meeting, which would then make it effective 30 days after the approval.

Overall, this question has been raised in many locations. Do timeshare owners spend less money than hotel guests spend in the local restaurants and at area attractions because they tend to stay on property at the resort, using eat-in kitchens and other timeshare resort facilities? Or, because they save money in the long run on their vacation costs, do timeshare owners have more money to splurge on dining out, recreational activities, shopping, and themed attractions?

I’d love to hear your take on the situation. If you’d like to share your thoughts, be sure to post your comments here on the blog.

And if you are looking for opportunities in California timeshare resales and California timeshare rentals, visit Sell My Timeshare NOW. Here is a list of a few of some of the many good deals you will find in timeshare resales in the San Diego area:

Four Seasons Residence Club Aviara timeshare resales

 

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Wednesday, March 21, 2007

Forty Percent of Homes Purchased are Second Homes

Author: Jason Tremblay

Before you buy vacation property, learn the facts.

Vacation home

According to statistics recently released by the National Association of Realtors, four out of every ten homes sold are purchased either as investment properties or as a second home. As today’s baby boomer generation enters their peak income earning years, as well as comes into inherited money from previous generations, this trend is expected to escalate.

The vacation home market it thriving and with it comes new options for ownership beyond the traditional cabin in the woods or condo on the beach. Fractionals and private residence clubs are choices for people looking to buy deeded property to use on a part time basis. Destination clubs are another option in which owners do not acquire a deed to a specific property but instead gain the right to use a portfolio of homes.

Condo hotels or condotels are actual operating hotel properties that offer some or all of their suites for sale to individuals. While the hotel units may be privately owned, the condo hotel management assumes responsibility for running the hotel and providing contracted management of the units to be rented like regular hotel rooms. Owners can schedule the units at any time for their personal use.

And of course, there are timeshares and vacation club memberships which offer a variety of products from deeded ownerships, to right-to-use, to points-based programs. Timeshares enable you to buy vacation property yet pay for only the days and nights you actually schedule to use. While new timeshare in 2005 sold for an average price of more than $17,000 per week or interval, resale timeshare is available at much lower prices. If you are among the many people who are looking for vacation ownership, ARDA, the American Resort Development Association, has developed the following questionnaire to help you decide which option is best for your lifestyle and your budget:

  1. How much time will we be using the vacation home?
  2. Is the destination choice difficult to purchase in, or seem over-valued due to location popularity?
  3. Are we looking at this second home as an investment and/or family legacy, or perhaps primarily as an annual ‘go to’ vacation spot?
  4. How much time and money are we willing to invest in home maintenance or decor?
  5. Is it important to be in the same vacation home every time we visit the area, or do we prefer variety?
  6. What level of luxury are we seeking, and are we realistically able to achieve it in a second home?
  7. Is it important for the vacation home to be deeded?
  8. What is our annual vacation budget?

Here’s one more important addition to the list: Before you buy any vacation property, visit www.sellmytimesharenow.com and look into your opportunity to buy resale timeshare at excellent prices.

 

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Wednesday, October 25, 2006

Timeshares in Dubai Torch Tower

Author: Jason Tremblay

The Torch Tower in Dubai

Overlooking the Dubai Marina and the Arabian Gulf in the United Arab Emirates is the seventy-four story Dubai Torch Tower. When completed in 2008, the building will house between 200 and 500 apartment units, as well as numerous indoor and outdoor swimming pools, a health club, gymnasium, restaurants, aerobics room, shops and parking garages.

Dubai Select has recently announced that they will sell timeshare condo units in the prestigious Torch Tower. The units will be available for exchange through Interval International’s worldwide interval timeshare network and will be sold in two-week increments.

The entire Marina project is an amazing undertaking. It is billed as the world’s largest man-made marina and the world’s largest master planned waterfront development. The design objective has been to create a city within a city, with the marina area offering the best and most luxurious in a city already known for opulent luxury.

The first phase of the Dubai Marina in Al Marsa was completed in 2003 at a cost of roughly $200 million US dollars. Built to be a modern interpretation of Venice, this waterside community occupies valuable real estate on the Persian Gulf. Man-made lakes on both sides of the community connect the land with the sea. A 700-berth marina, already completed, accommodates ships and yachts of all sizes.

The Torch Tower is among the tallest skyscrapers which will be in the community, although a few of the buildings rise about it with roughly 100 stories.

 

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Friday, August 4, 2006

“Own” Your Favorite Hotel Suite

Author: Jason Tremblay

Condo hotels offer timesharing with more availability and flexibility

Owning a condo hotel suite provides you with guaranteed accommodations in your favorite luxury hotel. Unlike a timeshare, condo hotel suites are available to owners for as many or as few weeks as you choose to use them. During the times you are not using the hotel suite it can be made available for rental by the hotel management. It will then be booked like any traditional hotel room. Room rental is typically split about fifty/fifty between the suite’s owner and the hotel itself.

There are plenty of condo hotels available. Developments magazine reported on one recent study which revealed that “70 percent of all new hotel construction has some type of condo hotel component.” Timeshares, vacation clubs, and fractionals like the San Francisco Ritz Carlton renovation project I wrote about in June are no longer the only options in the world of vacation ownership.

Condo hotels are proving to be a great idea for hotel developers. Units can be pre-sold before construction, thereby reducing the financing the developer needs to secure. Unlike timeshare, where the owner pays for only the days and nights he or she schedules to use, condo hotel suite owners bear the full upfront cost and then seek to offset that cost by using their property as a rental.

 

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About this blog

    Jason Tremblay, Founder and CEO, Sell My Timeshare NOW, LLC Jason Tremblay's Timeshare Owners' Blog -- a wealth of tips and information on timeshares, fractionals, condotels, vacation ownership and travel.

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