TIMESHARE FOR SALE ON THE VACATION REAL ESTATE MARKET
 

 ABOUT THE TIMESHARE  

The Timeshare Industry
Because timeshare property is the fastest growing division of the
hospitality/lodging industry, vacation real estate is now accessible to
travelers all around the globe. Timeshare property is unique in its ability to provide accommodations to people traveling for various reasons.
Timeshare rentals are a quick and easy route to obtaining luxury lodging; booking a suite at an urban timeshare such as the Manhattan Club will provide satisfactory amenities for a business trip or convention. Timeshare sales present a more permanent vacation opportunity. Resorts featuring timeshare real estate are located literally everywhere on the planet. The properties themselves are as diverse as the places they are located in. Everything from seaside studio condos to 4 bedroom villas amongst snowy peaks are available at cost-effective rates. Some potential buyers are intrigued by popular locales such as units overlooking the Las Vegas strip. Others seek the peace and serenity of a harborside cottage in remote Bali. No matter where the destination, it is available to every vacationer because of the popularity of timesharing. However, purchasing property in a specific area does not imply that you must always vacation there. Exchange companies and multi-destination resort chains allow owners to change or trade their home resorts. It is clear that timeshares differ from conventional hospitality options. To further explore the changes timeshares have effected in the hospitality and lodging industry we must consider what sets the two concepts apart.

Vacation Real Estate
Timeshare property offers several options for ownership, among these are deeded and right-to-use contracts. A deeded timeshare is owned outright, whereas a right-to-use property is a leasehold arrangement. The benefit of having this choice becomes prevalent when individuals weigh their vacation real estate options. Some people would rather buy, other would rather rent. The outcome of this debate is largely dependent on personal predilection, though since timeshares are established all around the world, local laws are a contributing factor.

Typically, owning a property outright is advantageous to individuals who want to capitalize on escalations in market and property value. Many people buy vacation real estate with the expectation that a property will prove lucrative on the resale market. However with timeshares, this a dubious proposition. Resort marketing expenses inflate the price of new timeshares for sale, so much that these properties depreciate almost immediately after purchase. Right-to-use ownership is roughly equivalent to a lease. This type of ownership allows the lessee to avoid the responsibility of true deeded ownership, but also has its own limitations – for example, leasehold timeshare is only valid during the timeframe specified in the contract, ie: 20 years, 99 years, etc.

The same conditions which cause timeshares to depreciate in value are responsible for a resale climate which strongly favors the buyer. A great number of sellers are competing with one another, each trying to advertise timeshare for sale, making it difficult to sell most properties. However, the burgeoning timeshare resale industry also allows the owner to sell his/her own property without the services of a real estate agency or broker.
Tremendous debate exists as to whether it is best for a timeshare owner to pay an upfront advertising fee or to pay a commission once the sale is complete. While this kind of service should never be bought sight-unseen, a number of owners have had success advertising their timeshare for sale with a variety of online agencies. Timeshare resale advertising is creating abundant jobs in this sector, and employs marketers, IT professionals, web developers, graphic designers, sales specialists, real estate brokers and
agents.

Conclusion
Timeshare is a unique product which encompasses the real estate,
hospitality/lodging and travel/tourism industries. Timeshare property may arguably be the most integral product in vacation real estate today. As such, it has brought changes to the entire hospitality and lodging industry. While travel-centric businesses were reeling from the events of September 11, 2001, the timeshare industry reported record gains, and still continues
this pattern of robust growth. To those interested in pursuing a career in real estate, the timeshare industry offers a unique path, a challenging and exciting livelihood, and a remarkably solid foundation for future successes.