Buying Resale Timeshares - the advantage
When the consumers have made up their minds they want to buy a Timeshare, it is time to
look at the Resale market.
Timeshare has frequently been the subject of unfavourable comment, seldom directed
towards standards or facilities, or indeed the concept, but rather to the somewhat unsavoury methods often employed in persuading people to purchase. |
So how do Timeshare resales differ from direct selling?
Quite simply, when you are coerced into a Timeshare presentation (an experience many of us would like to forget) you are
immediately under intense pressure to hand over your money and purchase on the spot.
With a resale you have no financial obligation right up to exchange of contracts.
The advantages of resale are:
1. The business is conducted by telephone, mail and email with no pressure
whatsoever on the purchaser. You make up your mind in the privacy of your own
home. Re-sellers act as estate agents for Timeshare between existing owners who
wish to sell and people who want to buy.
2. Travel & Leisure Group will only sell resorts of good standing and recognised structure.
3. Resorts offered are affiliated to RCI and Interval International or Dial an
Exchange, giving the purchaser the same flexibility of exchanging holidays
throughout the world.
4. Buying - you can save £000's! Resale prices are often less than 50% of developers
price and purchasers usually get all the same benefits as buying on site.
5. Unbiased advice. Travel & Leisure Group acting as an estate agent and not linked to any one
resort or country, are able to offer a much wider and better choice of Timeshare to
suit the requirements with only the buyers interests in mind. |
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WHY ARE PRICES SO LOW ON THE TIMESHARE RESALE MARKET?
It is no secret that upwards of 50% of the resort developer costs are sales and marketing related. When you purchase directly from the resort, unfortunately you are paying an inflated price to absorb all of the administrative and marketing costs associated with the sale of the property. When buying on the resale market, you only pay for the true fair market value of the property! As a timeshare resale buyer, you not only benefit from the use of the property, but you also enjoy savings of 30-50% or more! The resale market has matured and the resale inventory is nowadays very attrative to buyers. Travel & Leisure Group has possibly the largest resale inventory in Europe.
Some major groups such as Marriott have a right of first refusal if they feel the Timeshare is
being re-sold at an unreasonably low price. They will then refuse to transfer the ownership to
the new owner.
This does not happen with other resorts where second hand buyers benefit from the low selling prices on the resale market, where supply and demand is much in the buyers favour.
| Some price examples of bargain resales: |
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Marriotts - 2 Bedroom, Occupancy 6, High Season
Price on complex - £17,500
Resale price - £7,500 |
Hilton - 1 Bedroom, Occupancy 4, High Season
Price on complex - £7,000
Resale price - £2,500 |
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Royal Savoy, Madeira - Studio, Occupancy 4, High Season
Price on complex - £7,500
Resale price - £4,500 |
Harbour Club, Tenerife - 1 Bedroom, Occupancy 4, May
Price on complex - £3,500
Resale Price - £900 |
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Clowance - 2 Bedroom, Occupancy 6, Mid Season
Price on complex - £7,000
Resale price - £2,000 |
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Although this is a very good way of buying Timeshare, consumers must take precautions:
You must be sure of the reputation and stability of
the re-seller
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Re-seller should be a member of the
RDO (formerly the OTE). If anything goes wrong, the consumer has
somewhere to go to with the problem and RDO
members have to follow a strict code of conduct,
closely monitored by RDO (formerly the OTE), certainly in regard to
Resale Companies. RDO (formerly the OTE) keeps a close eye on their
performance and business practice. Refer to the RDO (formerly the OTE) selling and buying timeshare advice page.
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Ensure re-seller offers at least 10 days cooling off
period.
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Monies are placed in an independent clients
account in escrow, preferably in solicitors hands.
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Re-seller has a bonified conveyancing department
or uses the service of a recognised Timeshare
conveyancing firm.
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PEACE OF MIND
Buying through Travel & Leisure Group, you can be sure that you are in safe hands, with full
protection under the UK Timeshare Act and the European Timeshare Directive. To our
knowledge, we are the ONLY company where full contractual monies are deposited into a
solicitors Escrow account, administered by independent solicitors. This means that no funds
will be released until deeds have been transferred into the purchasers name, ensuring both
parties to the agreement of sale are fully protected.
Travel & Leisure has its own in house conveyancing department. The staff in our legal
department have many years of experience in transferring Portuguese and Spanish Land
Registered Deeds (Escrituras) and American Title. Even club transfers can
nowadays be extremely complex and costly.
BUYING - ENDLESS POSSIBILITIES, SAVE £'000's BY BUYING A RESALE
Before you buy a Timeshare, check with Travel & Leisure Group first. We have
many properties of this nature at our finger tips, all affiliated to either of the
exchange companies giving the owner the flexibility to exchange their weeks all
over the world. We match the discerning holiday taker with the right resort at the
right price...... the key to our success. Timeshare changed image with the arrival
of large hotel groups that saw the benefits of timeshare. Marriott, Hilton and Hyatt
have now built many timeshare resorts around the world. |
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Travel & Leisure Group are the largest independent resale company in Europe, operating
for fifteen years with a well established international sales network. They are
Corporate members of the Resort Development Organisation - RDO (formerly the OTE) and The
Timeshare Council, the official voice of Timeshare in the UK, a guarantee that you
are in safe hands. Travel & Leisure act as Estate Agents for Timeshare between
existing owners who want to sell and people who want to buy.
Buying a privately owned Timeshare through Travel & Leisure is a great way of
saving money, prices are at less than 50% of developers price and you get all the
same benefits as buying on site and un-biased advice. All properties offered by
Travel & Leisure Group are affiliated with one of the major exchange companies, RCI or
II giving the purchaser the choice of exchanging their weeks for another at over
5,500 resorts in 175 countries. If you want to compare Timeshare holidays with a package trip,
be realistic, you have to look at deluxe apartments or suites to be on the same
levels as Timeshare - then you will see real savings.
A once only payment plus a small yearly maintenance fee and your holidays
are paid for life. Package holidays taken over a few years will cost you a lot more
and all you are left with are the memories. So before you decide on a holiday
this year give Travel and Leisure a ring or visit us at Talas House, 47-48
Ballington Street, Sudbury, Suffolk CO10 2BX.
THE CHOICE IS ENDLESS
The choice of over 5100 holiday developments in 110 different countries is now
yours through R.C.I., I.I. and Dial An Exchange exchange network. The tropical
islands of Barbados, St. Lucia, or Bali, the magic of Disneyland©, or nearer home
the manor houses of England and the chateaux of France. These are just some of
the exotic places where you can have your dream Timeshare vacation.
A Timeshare holiday is a holiday of a lifetime - golf, tennis, skiing, or just lazing on
a sandy beach outside your apartment are all part of Timeshare ownership.
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