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.
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:
3.) Is there an advanced fee to advertise my Vacation Property with Timeshares By Owner?
Your marketing investment reserves your place in our extensive 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 program, you will receive advertising benefits immediately!
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.
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.
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.
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.
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!"
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.
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!