On the 22nd of October 2008 the European Parliament adopted a new Directive for the protection of consumers in respect of certain aspects of the timeshare industry and how it is sold. The new legislation will focus on several areas that inform and protect consumers and will give them more confidence when investing in timeshare in the future.
The initial benefits of Timeshare ownership seem to have been lost in a fog of misrepresentation. The loopholes and omissions in the 1994 Timeshare Directive quickly became apparent and were subsequesntly exploited by unscrupulous companies working around the detail and content of the Directive.
The major problems facing the timeshare industry and its consumers were the lack of comprehensive pre-contractual information, so consumers could not make an informed choice. The new contracts will have to contain information covering the purchaser’s rights to cancel the contract at any time during their ownership and the legal and financial consequences of doing so.
This will avoid cases like the one that happened to Mrs Brown. Her husband passed away and she tried to dispose of their timeshare only to find the contract they had signed wouldn’t allow her to do so. Furthermore she was forced to keep paying the annual maintenance fees which were increasing year on year. Unfortunate and unfair as it may seem, timeshare owners are often trapped in their ownership till the end of their days.
The new rules will also require companies to provide a detailed disclosure statement describing all features, amenities, and rules of operation of the timeshare, including an explanation of the consequences of non payment of annual fees. In the past, timeshares were repossessed in the event of non payment, whereas nowadays the defaulting client is more likely to be taken to court to enforce these payments.
The nightmare of annually increasing management fees would be prevented and timeshare owners could just relinquish their “right of use” without fear of harassment and threats over unpaid management fees.
The new directive will also clamp down on the up-front fees being charged by alleged resale companies. Fees for selling a vendor’s timeshare will now only be payable on the completion of the sale. Hopefully this will put an end to the fraudulent activity of the resale predators and allow people to genuinely dispose of their timeshare.
Could this new regulation be a way to get back to the real significance of Timeshare? Then perhaps people could start enjoying the “luxury lifestyle at affordable prices” concept once more as they do in the USA.
Historically the enforcement of legislation in protecting timeshare consumers has been very poor; however the Directive is not to become law across Europe until the 23rd of February 2011, although some Member States may have it in place before this (The UK expects it to be passed into law by June 2010).
Perhaps this time the legislation will be successful and will help to polish the tarnished reputation of the European timeshare industry.
Monday, May 25, 2009
Tuesday, May 5, 2009
Is there really a timeshare re-sale market?
Most people think that there is a resale market available to dispose of their unwanted timeshare. Let’s face it - the real estate market is as bad as it has been in many years - why would it be any different with timeshare? The timeshare property isn’t even really an investment just a pre-paid holiday, so it is not attractive or beneficial to investors.
How many possibilities do owners realistically have to dispose of their timeshare? What is the effective formula of timeshare owners that successfully disposed of their timeshare?
While a few developers offer buy-back programs, the majority does not, leaving timeshare owners to come up with their own ways to dispose of their timeshare, that they no longer wish to own.
Selling a timeshare is very difficult. The main reason is supply and demand. The supply of timeshare resale greatly exceeds the demand. Due to the clinch with high maintenance fees and tough economical times - plenty of timeshare owners want to dispose of their timeshare creating an excess of supply.
You must price your unit competitively if you really want to dispose of it. There should be no need for an appraisal to sell your timeshare, as we have the internet to gather the necessary information to make a comparison.
Bear in mind that you are competing against all those other sales listings. Think about it from the buyer’s point of view, they are looking for the best deal and if you want to sell your timeshare it has to be a bargain. Price them more realistically and increase your avenues of more low cost exposure. Auctions shouldn’t therefore be considered as a lack of respect to the owners, but rather as possibilities to dispose of their timeshare – particularly when it comes to increasing annual maintenance fees which sometimes reach up to over £2000!
Due to the high pressure sales tactics timeshare owners misleadingly paid over inflated prices, but it isn’t realistic to expect to get anywhere near the buying price. If you don’t price your unit right the chances are really small that you will attract any buyers.
It all goes back to choices and a fair amount of information. There are companies that do provide real opportunities to generate high quality holidays and dispose of unwanted timeshare property. It is indeed a bit of a “mine-field”, so to ‘play safe’ make sure you avoid up-front fees of any kind. Why would you pay for something that didn’t yet happen? In the real estate industry you only pay a provision after a deal has been closed.
As in any industry, including those that involve the sale of real estate and those that involve the sale of timeshare, there are good services and bad ones; there are services that work well for one person and maybe not for another. Choose companies that you think best serve your individual needs. Things sell for what the market will bear.
How many possibilities do owners realistically have to dispose of their timeshare? What is the effective formula of timeshare owners that successfully disposed of their timeshare?
While a few developers offer buy-back programs, the majority does not, leaving timeshare owners to come up with their own ways to dispose of their timeshare, that they no longer wish to own.
Selling a timeshare is very difficult. The main reason is supply and demand. The supply of timeshare resale greatly exceeds the demand. Due to the clinch with high maintenance fees and tough economical times - plenty of timeshare owners want to dispose of their timeshare creating an excess of supply.
You must price your unit competitively if you really want to dispose of it. There should be no need for an appraisal to sell your timeshare, as we have the internet to gather the necessary information to make a comparison.
Bear in mind that you are competing against all those other sales listings. Think about it from the buyer’s point of view, they are looking for the best deal and if you want to sell your timeshare it has to be a bargain. Price them more realistically and increase your avenues of more low cost exposure. Auctions shouldn’t therefore be considered as a lack of respect to the owners, but rather as possibilities to dispose of their timeshare – particularly when it comes to increasing annual maintenance fees which sometimes reach up to over £2000!
Due to the high pressure sales tactics timeshare owners misleadingly paid over inflated prices, but it isn’t realistic to expect to get anywhere near the buying price. If you don’t price your unit right the chances are really small that you will attract any buyers.
It all goes back to choices and a fair amount of information. There are companies that do provide real opportunities to generate high quality holidays and dispose of unwanted timeshare property. It is indeed a bit of a “mine-field”, so to ‘play safe’ make sure you avoid up-front fees of any kind. Why would you pay for something that didn’t yet happen? In the real estate industry you only pay a provision after a deal has been closed.
As in any industry, including those that involve the sale of real estate and those that involve the sale of timeshare, there are good services and bad ones; there are services that work well for one person and maybe not for another. Choose companies that you think best serve your individual needs. Things sell for what the market will bear.
Thursday, March 5, 2009
Want to sell your timeshare?
If you would like to sell your timeshare, then you have to be carefull who you take advice from.
On top of dozens of so called re-sale companies giving all kinds of information about selling timeshare which usually results in consumers being out of pocket, it has recently been discovered that Sandy Grey of the Timeshare Consumers Association is not what he appers to be.
Mr Grey the self appointed consumers champion has been quoted for his "expert opinion" by investigative journalists working for news papers and TV stations, maybe they should have done a ittle investigating of their own before they quoted Mr Grey
http://www.ote-info.com/dmdocuments/Press%20Releases/2008/Libellous%20Website%20November%202008.pdf
On top of dozens of so called re-sale companies giving all kinds of information about selling timeshare which usually results in consumers being out of pocket, it has recently been discovered that Sandy Grey of the Timeshare Consumers Association is not what he appers to be.
Mr Grey the self appointed consumers champion has been quoted for his "expert opinion" by investigative journalists working for news papers and TV stations, maybe they should have done a ittle investigating of their own before they quoted Mr Grey
http://www.ote-info.com/dmdocuments/Press%20Releases/2008/Libellous%20Website%20November%202008.pdf
Saturday, February 28, 2009
Timesahare owners see asset turn into liabilities
FEATURE-Timeshare owners see assets turn into liabilities
Wed Jan 30, 2008 12:03am GMT
By Chris Reiter
NEW YORK, Jan 30 (Reuters) - Timeshare is not quite the investment that Patricia Uhler had hoped it would be.
While companies like Wyndham Worldwide Corp, Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc are doing great business around the world selling timeshare, Uhler has not been so fortunate.
Finding that she has less time and money for vacations than she expected, and with combined maintenance fees climbing to nearly $1,200 a year, Uhler has sought to sell two weeks of timeshare that she had hoped would be a nice investment in prime resort real estate.
But in her six-month effort to sell a week at a resort in Myrtle Beach, South Carolina, and another week at a property near Walt Disney World in Orlando, Florida, the mother of two has encountered dubious brokers and the realization that most of her money is probably gone.
Buyers on the timeshare resale market are scarce, and experts say sellers are lucky to get 10 percent of the original price. It could be even less: timeshares are routinely offered for sale on auction site eBay starting at 1 cent.
VACATION NOT INVESTMENT
The problem for many buyers like Uhler is they believe timeshare is a slice of real estate, which they hope will increase in value. High-pressure, glitzy sales pitches can add to the confusion.
In fact, they have no ownership of the underlying property. Rather, they're buying only the right to use it -- typically, a one- or two-bedroom apartment -- for a set amount of time each year. The industry is quick to point out that timeshare is a pre-paid vacation, not an investment.
The slump in the U.S. real estate market has made things even harder for people, like Uhler, whose timeshares are in the United States. But the resale difficulties are worldwide.
"Timeshare is a kind of stupid, complicated thing to get involved in," said Briton Annie Galvin, who owns two weeks at a development in Stratford-upon-Avon, William Shakespeare's birthplace.
"We can't sell it even if we find an idiot to buy it," said the substitute school teacher from Northwood, Middlesex, who bought the weeks for a total of about $5,000 seven years ago. "We realize that we've lost our investment."
With a generation of adults approaching retirement and looking to kick back, sales of new U.S. timeshares -- the world's biggest market -- have nearly doubled over the last five years.
U.S. sales hit $10 billion in 2006, about five times the rate a decade earlier, according to the American Resort Development Association, the industry's leading trade group. About 4 percent of U.S. households own timeshares.
In Europe, more than 1.4 million people own timeshare, with annual sales of over $1.5 billion, according to trade group Organization for Timeshare in Europe.
Wyndham Worldwide Corp (WYN.N: Quote, Profile, Research) is the market leader in the United States, while Starwood (HOT.N: Quote, Profile, Research), Marriott (MAR.N: Quote, Profile, Research), and Walt Disney Co (DIS.N: Quote, Profile, Research) are also major players here. Wyndham, Starwood and Marriott also have timeshare resorts overseas, where the market is more fragmented.
Big lodging companies are counting on timeshare for growth, as the slowing U.S. economy threatens to put an end to the boom in the hotel business. The Dow Jones U.S. Hotels index .DJUSLG has fallen 32 percent drop since hitting an all-time high in July.
NO EXIT
Harry Taylor, secretary general of The Association of Timeshare Owners Committees, which is based in Birmingham, Britain, said reselling timeshare is fraught with difficulty. "It's a very poor marketplace," he said.
Some people are even trying to give their timeshare away in order to get out from paying the annual maintenance fees, Taylor said.
"When they've signed, they've signed it for perpetuity -- you know, forever," said Taylor. "If they die, it goes to the son. He's got to pay it. There's no exit policy."
The never-ending maintenance fees and the slowing U.S. economy has pushed more timeshare than usual onto the resale market, said Ed Hastry, who runs the Maryland Timeshare Owners Association in the United States. He said it is the worst market for timeshare sellers that he's seen since he started following the industry in 1988.
But for others, the glut translates into opportunity.
"This is the time of year when you get your best deals, because the fees are due," said Fran Korwek, who has bought several weeks of timeshare in Florida on the resale market. He said he bought the weeks for less than 10 percent of their retail value.
Leading timeshare site RedWeek.com (http://www.redweek.com/), which helps owners sell as well as rent their units, is finding that the developing rental market is attracting some buyers.
"We see a growing number of individuals who buy timeshare and rent them," said John Locher, RedWeek's vice president of marketing and sales. "It becomes a bit of a business for them."
FRAUD
The desperation of resellers like Galvin has opened the door to con men, looking to exploit the hopes for big money from the murky resale market.
"It is a huge area of fraud," said Peter van der Mark, secretary general of the Organisation for Timeshares in Europe, a trade group.
The typical scam involves an alleged timeshare broker, claiming to have found a buyer willing to pay a good price for the owner's timeshare. The broker says he needs an upfront fee to arrange the transaction, which then never materializes.
The timeshare industry recognizes that a hobbled and fraud-ridden resale market could give the industry a bad reputation and eventually hit sales at new resorts.
The Organisation for Timeshares in Europe said it is working with authorities and has helped shut down more than 40 fraudulent timeshare brokers in Europe.
Howard Nussbaum, the president of the American Resort Development Association, likened the resale market to the used car market of the 1960s, where unscrupulous salesmen could fleece naive consumers. He says the industry is working to create more regulation and standards for the market.
"The health of the resale market is very important to us," said Nussbaum. "We have a dog in the fight."
He advises consumers looking to sell their timeshare to contact their developer or his association for help in finding reputable timeshare brokers.
Uhler, who lives in Sykesville, Maryland, and has her own driver education business, paid $1,200 for the week in Myrtle Beach three years ago and $2,500 for the Orlando timeshare, a year ago.
She can expect "very, very, very little" for her weeks, according to Hastry of the the Maryland Timeshare Owners Association, who is helping Uhler sell her timeshare.
Uhler, who bought the weeks as an investment and has never used them, said she has been approached by companies asking for upfront fees as high as $1,800.
"I've talked to a lot of different companies that sell timeshare, but they all want money upfront," Uhler said. "I didn't realize the deceivingness of it." (Reporting by Chris Reiter; Editing by Eddie Evans)
Wed Jan 30, 2008 12:03am GMT
By Chris Reiter
NEW YORK, Jan 30 (Reuters) - Timeshare is not quite the investment that Patricia Uhler had hoped it would be.
While companies like Wyndham Worldwide Corp, Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc are doing great business around the world selling timeshare, Uhler has not been so fortunate.
Finding that she has less time and money for vacations than she expected, and with combined maintenance fees climbing to nearly $1,200 a year, Uhler has sought to sell two weeks of timeshare that she had hoped would be a nice investment in prime resort real estate.
But in her six-month effort to sell a week at a resort in Myrtle Beach, South Carolina, and another week at a property near Walt Disney World in Orlando, Florida, the mother of two has encountered dubious brokers and the realization that most of her money is probably gone.
Buyers on the timeshare resale market are scarce, and experts say sellers are lucky to get 10 percent of the original price. It could be even less: timeshares are routinely offered for sale on auction site eBay starting at 1 cent.
VACATION NOT INVESTMENT
The problem for many buyers like Uhler is they believe timeshare is a slice of real estate, which they hope will increase in value. High-pressure, glitzy sales pitches can add to the confusion.
In fact, they have no ownership of the underlying property. Rather, they're buying only the right to use it -- typically, a one- or two-bedroom apartment -- for a set amount of time each year. The industry is quick to point out that timeshare is a pre-paid vacation, not an investment.
The slump in the U.S. real estate market has made things even harder for people, like Uhler, whose timeshares are in the United States. But the resale difficulties are worldwide.
"Timeshare is a kind of stupid, complicated thing to get involved in," said Briton Annie Galvin, who owns two weeks at a development in Stratford-upon-Avon, William Shakespeare's birthplace.
"We can't sell it even if we find an idiot to buy it," said the substitute school teacher from Northwood, Middlesex, who bought the weeks for a total of about $5,000 seven years ago. "We realize that we've lost our investment."
With a generation of adults approaching retirement and looking to kick back, sales of new U.S. timeshares -- the world's biggest market -- have nearly doubled over the last five years.
U.S. sales hit $10 billion in 2006, about five times the rate a decade earlier, according to the American Resort Development Association, the industry's leading trade group. About 4 percent of U.S. households own timeshares.
In Europe, more than 1.4 million people own timeshare, with annual sales of over $1.5 billion, according to trade group Organization for Timeshare in Europe.
Wyndham Worldwide Corp (WYN.N: Quote, Profile, Research) is the market leader in the United States, while Starwood (HOT.N: Quote, Profile, Research), Marriott (MAR.N: Quote, Profile, Research), and Walt Disney Co (DIS.N: Quote, Profile, Research) are also major players here. Wyndham, Starwood and Marriott also have timeshare resorts overseas, where the market is more fragmented.
Big lodging companies are counting on timeshare for growth, as the slowing U.S. economy threatens to put an end to the boom in the hotel business. The Dow Jones U.S. Hotels index .DJUSLG has fallen 32 percent drop since hitting an all-time high in July.
NO EXIT
Harry Taylor, secretary general of The Association of Timeshare Owners Committees, which is based in Birmingham, Britain, said reselling timeshare is fraught with difficulty. "It's a very poor marketplace," he said.
Some people are even trying to give their timeshare away in order to get out from paying the annual maintenance fees, Taylor said.
"When they've signed, they've signed it for perpetuity -- you know, forever," said Taylor. "If they die, it goes to the son. He's got to pay it. There's no exit policy."
The never-ending maintenance fees and the slowing U.S. economy has pushed more timeshare than usual onto the resale market, said Ed Hastry, who runs the Maryland Timeshare Owners Association in the United States. He said it is the worst market for timeshare sellers that he's seen since he started following the industry in 1988.
But for others, the glut translates into opportunity.
"This is the time of year when you get your best deals, because the fees are due," said Fran Korwek, who has bought several weeks of timeshare in Florida on the resale market. He said he bought the weeks for less than 10 percent of their retail value.
Leading timeshare site RedWeek.com (http://www.redweek.com/), which helps owners sell as well as rent their units, is finding that the developing rental market is attracting some buyers.
"We see a growing number of individuals who buy timeshare and rent them," said John Locher, RedWeek's vice president of marketing and sales. "It becomes a bit of a business for them."
FRAUD
The desperation of resellers like Galvin has opened the door to con men, looking to exploit the hopes for big money from the murky resale market.
"It is a huge area of fraud," said Peter van der Mark, secretary general of the Organisation for Timeshares in Europe, a trade group.
The typical scam involves an alleged timeshare broker, claiming to have found a buyer willing to pay a good price for the owner's timeshare. The broker says he needs an upfront fee to arrange the transaction, which then never materializes.
The timeshare industry recognizes that a hobbled and fraud-ridden resale market could give the industry a bad reputation and eventually hit sales at new resorts.
The Organisation for Timeshares in Europe said it is working with authorities and has helped shut down more than 40 fraudulent timeshare brokers in Europe.
Howard Nussbaum, the president of the American Resort Development Association, likened the resale market to the used car market of the 1960s, where unscrupulous salesmen could fleece naive consumers. He says the industry is working to create more regulation and standards for the market.
"The health of the resale market is very important to us," said Nussbaum. "We have a dog in the fight."
He advises consumers looking to sell their timeshare to contact their developer or his association for help in finding reputable timeshare brokers.
Uhler, who lives in Sykesville, Maryland, and has her own driver education business, paid $1,200 for the week in Myrtle Beach three years ago and $2,500 for the Orlando timeshare, a year ago.
She can expect "very, very, very little" for her weeks, according to Hastry of the the Maryland Timeshare Owners Association, who is helping Uhler sell her timeshare.
Uhler, who bought the weeks as an investment and has never used them, said she has been approached by companies asking for upfront fees as high as $1,800.
"I've talked to a lot of different companies that sell timeshare, but they all want money upfront," Uhler said. "I didn't realize the deceivingness of it." (Reporting by Chris Reiter; Editing by Eddie Evans)
Timeshare owners see assets turn into liabilities
Every timeshare owner should be aware of the attached article
http://uk.reuters.com/article/mediaNews/idUKN0222401220080130
http://uk.reuters.com/article/mediaNews/idUKN0222401220080130
Friday, February 20, 2009
Whats is the real value of a timeshare?
What is the real value of a timeshare?
Does it rise in value like property?
Many timeshare owners were lead to believe at the point of sale that their timeshare would grow in value similar to property, THIS SIMPLY IS NOT TRUE. The owners would have been convinced of this through the salesmen likening the timeshare to property which in the majority of cases these days is not the case as timeshare is usually based on “a right of use” rather than 1/52 of the property. Even if it were based on 1/52 of the property you would still have the problem of persuading 52 owners to agree to sell all at the same time!
The property element is only a percentage of the price
The property element, known as inventory, in the retail price of timeshare is only a percentage of the price, consider a typical price construction of a timeshare:-
20% Inventory (property cost)
10% other costs (such as exchange and maintenance fees)
50% marketing & sales costs
20% profit margin
The real value of timeshare
The real value of timeshare is in its use, it is in the actual fun of the holidays, it is not in the fiscal value, timeshare is not in any way a fiscal investment
What is the re-sale value of a timeshare?
The real re-sale value of a very desirable timeshare is between 20% and 30% of the retail price for owners with less desirable weeks, you may have to consider that you may not be able to get out of the timeshare at all and in the cases that a sale may be made you need to be prepared to accept less than 10% of the retail price
Does it rise in value like property?
Many timeshare owners were lead to believe at the point of sale that their timeshare would grow in value similar to property, THIS SIMPLY IS NOT TRUE. The owners would have been convinced of this through the salesmen likening the timeshare to property which in the majority of cases these days is not the case as timeshare is usually based on “a right of use” rather than 1/52 of the property. Even if it were based on 1/52 of the property you would still have the problem of persuading 52 owners to agree to sell all at the same time!
The property element is only a percentage of the price
The property element, known as inventory, in the retail price of timeshare is only a percentage of the price, consider a typical price construction of a timeshare:-
20% Inventory (property cost)
10% other costs (such as exchange and maintenance fees)
50% marketing & sales costs
20% profit margin
The real value of timeshare
The real value of timeshare is in its use, it is in the actual fun of the holidays, it is not in the fiscal value, timeshare is not in any way a fiscal investment
What is the re-sale value of a timeshare?
The real re-sale value of a very desirable timeshare is between 20% and 30% of the retail price for owners with less desirable weeks, you may have to consider that you may not be able to get out of the timeshare at all and in the cases that a sale may be made you need to be prepared to accept less than 10% of the retail price
Thursday, February 19, 2009
Timeshare Re-sale agents, a business or not a business?
16-02-2009 Trade Weeks Europe’s leading wholesale supplier of timeshare weeks to the trade questions the role of the so called “re-sale agents”
The Re-sale agents who charge timeshare owners to register their timeshare for sale usually at the price they paid for it or in some cases even more then claim to take a percentage of the sale arranged by them between a current timeshare owner and a perspective client are rife in Europe, Trade Weeks questions their validity and cannot understand the logic of a business we don’t believe exists!
Trade Weeks.co.uk concede that there are many timeshare marketers selling weeks directly to the public and doing a very good job, Mr Simon Mullish of Trade Weeks said “We know they exist we supply most of them with stock, they do a great job of marketing through, usually print advertising and are a great benefit to the consumer as they are able to sell at much lower prices because of their low marketing costs”
However Trade Weeks questions the validity of the re-sale agent with the two following points
1. Timeshare is not usually purchased it is SOLD to a client in an extensive face to face presentation usually on a resort or in an office, there are exceptions to this statement, there are educated timeshare owners who look to purchase a specific week, they are the consumers who will reply to timeshare marketers who advertise LOW COST weeks (Usually less than 40% of the retails price) in the press, we estimate this market to be less than 3% of the total market.
2. Why would any company with the ability to sell Timeshare at the retail price wish to do that on behalf of a consumer and take a percentage of the sale for example 20%, when they could buy the same stock from Trade Weeks at less than 10% of the retail price and keep 90% versus 20% from the consumer, even taking into account the amount they are paid to register the clients this does not make logical sense
Trade Weeks suggests that these business’s only exist to take registration fees, that is the focus of their business and we can only deduce from the facts that it is impossible to sell a timeshare week on behalf of a consumer at retail price!
Trade Weeks warns timeshare owners to exercise extreme caution when dealing with companies who charge upfront fees and that claim to have a buyer for their week at anything above wholesale prices, as to us it sounds too good to be true and when it sounds too good to be true it usually is!
16-02-2009 Trade Weeks Europe’s leading wholesale supplier of timeshare weeks to the trade questions the role of the so called “re-sale agents”
The Re-sale agents who charge timeshare owners to register their timeshare for sale usually at the price they paid for it or in some cases even more then claim to take a percentage of the sale arranged by them between a current timeshare owner and a perspective client are rife in Europe, Trade Weeks questions their validity and cannot understand the logic of a business we don’t believe exists!
Trade Weeks.co.uk concede that there are many timeshare marketers selling weeks directly to the public and doing a very good job, Mr Simon Mullish of Trade Weeks said “We know they exist we supply most of them with stock, they do a great job of marketing through, usually print advertising and are a great benefit to the consumer as they are able to sell at much lower prices because of their low marketing costs”
However Trade Weeks questions the validity of the re-sale agent with the two following points
1. Timeshare is not usually purchased it is SOLD to a client in an extensive face to face presentation usually on a resort or in an office, there are exceptions to this statement, there are educated timeshare owners who look to purchase a specific week, they are the consumers who will reply to timeshare marketers who advertise LOW COST weeks (Usually less than 40% of the retails price) in the press, we estimate this market to be less than 3% of the total market.
2. Why would any company with the ability to sell Timeshare at the retail price wish to do that on behalf of a consumer and take a percentage of the sale for example 20%, when they could buy the same stock from Trade Weeks at less than 10% of the retail price and keep 90% versus 20% from the consumer, even taking into account the amount they are paid to register the clients this does not make logical sense
Trade Weeks suggests that these business’s only exist to take registration fees, that is the focus of their business and we can only deduce from the facts that it is impossible to sell a timeshare week on behalf of a consumer at retail price!
Trade Weeks warns timeshare owners to exercise extreme caution when dealing with companies who charge upfront fees and that claim to have a buyer for their week at anything above wholesale prices, as to us it sounds too good to be true and when it sounds too good to be true it usually is!
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