Frequently Asked Questions
- What type of company is Timeshares By Owner?
- What forms of advertising does Timeshares By Owner use to gain exposure for its Vacation Property inventory?
- Is there an advanced fee to advertise my Vacation Property with Timeshares By Owner?
- Shouldn't I use a Real Estate Broker to sell my Vacation Property?
- Will my Resort help me sell my Vacation Property?
- Do I need an appraisal to sell my Vacation Property?
- How do I know what my Vacation Property is worth?
- Is it possible for me to begin advertising my Vacation Property today, but still use my time this year for a vacation I already have planned?
- What do I do once I accept an offer for the sale of my Vacation Property?
- What do I need to know about the Vacation Property Closing process?
1.) What type of company is Timeshares By Owner?
Timeshares By Owner is an international advertising company that specializes in promoting Vacation Property resales and rentals to potential buyers throughout the world! By pooling the resources of individual Vacation Property owners, we are able to provide our customers with the significant capital required to effectively market their Vacation Properties. You have seen our ads on billboards in resort locations and in one of the many major publications we carefully select for maximum exposure to the vacationing public. Each Vacation Property in our inventory even receives an individualized ad on the Internet. For a more complete list of advertising benefits, please refer to Question Two.
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2.) What forms of advertising does Timeshares By Owner use to gain exposure for its Vacation Property inventory?
Timeshares By Owner offers our advertisers the most extensive advertising package available in the resale industry. Here is a list of the personalized advertising we provide:
Personalized advertisements featuring each specific Vacation Property on the Internet
Personalized advertisements for specially selected Vacation Properties on our weekly radio program "Vacation Time with Mary Biddle" broadcast from the Hard Rock CafÈ at Universal Studios or other top quality vacation destinations in Orlando, Florida
Personalized advertisements for specially selected Vacation Properties in our periodic e-mail catalog
Personalized advertisements for each specific Vacation Property and following are the many other valuable advertising benefits our advertisers receive:
- Advertisements in "USA Today"
- Strategically located billboards in resor
- Seven office locations in resort areas with more locations planned
- Regular advertisements in the following publications:
- AAA Travel Guide
- Colorado State Tourist Guide
- The Penny Saver
- Thrifty Nickel
- SEE Orlando Vacation Guide
- Regular appearance on the Weather Channel in the Orlando area
- Periodic advertisements in the following publications: Branson Tri-Daily News, Washington Post, New York Times
Miami Herald, Boston Globe
- Two mobile billboards (vans) that cruise resort areas
- Telemarketing solicitation for buyers/renters
- Our Award Winning Website
- Periodic advertisements in the following manner:
- Nationwide drop mail program
- E-mail solicitation for buyers/renters
- Long standing industry networking connections
All of the amazing, international adverting benefits are offered to our advertisers for a one-time marketing investment. Think of the cost an individual might pay for this kind of advertising exposure! Moreover, our clients continue to enjoy the benefits of our advertising until they accept a satisfactory offer for the sale or rental of their Vacation Property. There is never another penny charged! (provided proper notification of desire to extend the contract, if required.)
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3.) Is there an advanced fee to advertise my Vacation Property with Timeshares By Owner?
Your one time marketing investment reserves your place in our extensive, international advertising program (see Question Two for details on our current forms of advertising). As with any advertiser, payment is expected prior to the service being rendered. When you take advantage of our unique program, you will begin receiving your advertising benefits right away! In some measure, too, our plans to extend our program are based upon the adverting revenues received, since we are constantly searching for ways to advertise your Vacation Property to maximize your exposure to the vacationing public.
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4.) Shouldn't I use a Real Estate Broker to sell my Vacation Property?
By far, the majority of Real Estate Brokers simply are not interested in listing Vacation Property for sale and would much rather utilize their recourses listing traditional residential or commercial properties for sale. There are two primary reasons for this: First, commissions on traditional real property products are higher. For example, a Realtor can list a home for $100,000 and ,let's say, earn a 6% commission of $6000 when it sells, compared to the 6% commission of $600 earned when a Vacation Property listed for $10,000 finally sells. The smaller commissions become even less appealing once we consider the type of effort required to sell a Vacation Property. A Realtor typically sells inventory in his local market to the local public. He also has access to the property as a selling tool. Vacation Property, on the other hand, must be marketed on an international level. The seller is in one location, while the buyer could be in another location and the Vacation Property somewhere else still! Furthermore, a Realtor is precluded by the Resort from showing the Vacation Property to any potential buyers.
The few Real Estate Brokers that do accept Vacation Property listings typically require some sort of advanced fee, such as a marketing investment or an appraisal fee. A small number of Realtors list Vacation Property on a commission-only basis, which adds to the price of the Vacation Property, but most of these work in a local and narrowly defined market.
You know your Vacation Property can sell, because the Resort sells units just like yours every day! The key is letting the vacationing public know that YOURS is available! Since Timeshares By Owner is an advertising company, not a real estate broker, no commission is added to the price of the Vacation Property. That means a potential Vacation Property owner can pay thousands of dollars less than what the Resort is charging by purchasing from one of our current advertisers.
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5.) Will my Resort help me sell my Vacation Property?
Most Resorts do not offer a resale program. The reason is simple: the Resort would much rather sell its own available and unoccupied inventory for top dollar than assist you in selling your Vacation Property for which they will only receive a small portion of the sales proceeds. Even when a Resort does offer a resale program, there is still an inherent conflict of interest. You should allow an independent advertising company, such as Timeshares By Owner, to give your property exposure to the vacationing public.
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6.) Do I need an appraisal to sell my Vacation Property?
No. In the combined experience of our Timeshares By Owner staff, we have never come across a situation in which an appraisal was required to sell a Vacation Property from our inventory. You should also know that the American Resort Development Association (ARDA), the industry trade association, denies membership to resale companies that charge an appraisal fee. As a member of ARDA, Timeshares By Owner does not ever require an appraisal to sell your Vacation Property.
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7.) How do I know what my Vacation Property is worth?
The price of your Vacation Property is determined by what a willing seller agrees to accept from a willing buyer. Even at the Resort, the cost variation in similar properties is often astounding. The bottom line is you need to feel comfortable with the price you are asking for your Vacation Property. You can price your Vacation Property higher and wait to get what you want out of it. You can price it lower and sell quickly, since, as with any item, the lower the price, the quicker the sale!. You can even price it high and move lower if you do not get a good response. It's up to you! You may wish to review our inventory to see what our current advertisers with Vacation Properties just like yours are asking.
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8.) Is it possible for me to begin advertising my Vacation Property today, but still use my time this year for a vacation I already have planned?
Yes. While your Vacation Property is being advertised, you should continue to utilize your time. If you accept an offer or actually sell your Vacation Property before your planned vacation, you may use your time if you have paid the maintenance fees for that year. The rule of thumb goes like this: "Whoever pays, plays!"
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9.) What do I do once I accept an offer for the sale of my Vacation Property?
You are free to complete the transaction yourself, although we always recommend that you secure the services of a licensed and bonded title company in the state or country in which the Vacation Property is located.
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10.) What do I need to know about the Vacation Property Closing process?
You should allow a license and bonded title company in the state or country in which the Vacation Property is located to complete the transfer of title for you. All the relevant documents will be mailed as appropriate for signatures. Your prompt response, of course, will speed the process. In about two to four weeks from the day you accept the offer, you will receive your certified cashier's check from the title company. The standard practice in the industry is for the buyer to pay the closing cost, unless you negotiate differently.
If you have contacted our Purchasing & Renting Department for assistance, we will track the progress of the closing process and assist as we are able in effecting a seamless transfer of title. Timeshares By Owner makes it easy for you!
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