Real Estate News, Realty Guide

We essentially have two types of people in today’s economy: those that are looking to increase their net worth wealth and those that are tired of the rat race and want to enjoy life, but don’t necessarily want to buy a second property to do so. The solution for many, is timeshare resales. At first blush, you might be wondering how I can make such a statement. After all, timeshares have gotten a bad rap over the years as they were the back end pitch to all those “free” vacation prizes we’ve all won at some point. But, stop for a moment and consider that in a time where many people are struggling to not only ensure that they have a good live but also can actually go and enjoy it, timeshare resales actually make a lot of sense from both the consumer and investor standpoint.

For those just wanting another option to relax and may not have the funds to outright purchase a new home away from home, again this is something that makes a lot of sense. Consider that it makes planning the getaway a lot simpler as there is no need to hunt around for accommodations. Nor is there the worry of paying grandiose prices, as is the case at seasonal resorts, who change their fee structure depending on the season. Timeshare resales are also an easier thing to work into the budget than another mortgage.

What if you want to buy timeshares to create another stream of cashflow? Again, timeshare resales are a very good option. Consider that in this current economic climate, many things we once held true have changed. For instance, companies that we thought would never fall have filed for protection from creditors. Executive bonuses are frowned upon and even the real estate market, once thought untouchable (everyone needs a place to live right?) has seen its share of ups and downs. The thing to take into consideration regarding timeshare resales is that you’ll want to find those owners that are desperate to sell. For once you do, you can almost name your price. However, you need to use common sense, a little investigation and trust your intuition. This way you can be sure that you are making the right conclusion, not only for your money but also for your family

Not through the re-sale companies, I spent thousands with them! No Not through the so called re-sale companies, after receiving dozens of phone calls I paid three separate companies a total of almost £3,000.00 and received only promises. I was told the timeshare was already sold and then miraculously the sale fell through and that is the last I heard of it, eventually I realised I had paid solely to be placed on a list.

Then a friend recommended I speak to Tracey & Kim. How different, they did not ask me for any fees just to be placed on a register; they just explained they booked consultations for timeshare owners where I could go along and receive plain straight forward good advice. It worked for me!

After being guaranteed a genuine offer, I went along to my consultation at a local office; they were very polite and informative and I was amazed to find out that I could get rid of my timeshare, get up to 100% of my asking price back and have access to quality, low cost holidays from the comfort of my own home, all for less than I was paying in management fees!

Are you are serious about getting rid of your timeshare?

Selling time share properties to free yourself from making payments, yearly maintenance fees and property taxes makes sense if you can’t afford it anymore.

Or you may feel like the cost of your timeshare just isn’t worth spending the next 10 years paying off the loan. Whatever your reason for selling your timeshare there are some important things to consider once you decide to sell.

First you need to ask yourself, do I sell my time share myself or should I list it with a timeshare broker? The two are quite different because if you list your timeshare with a broker everything is handled properly for you. Many people go this route because they just don’t know what is involved or don’t know how to sell a timeshare. But if you decide to sell your timeshare on your own you are the one responsible for all of the paperwork being handled properly.

The first thing a broker does if you list your timeshare with them is go to his buyer data base to see if there are any matches to your property. If not then he will advertise your timeshare to get a better chance of a quick sale. If you are selling your own timeshare you need to advertise it because it’s the best way to find a potential buyer.

Selling time shares is a real estate transaction which means there will be title and escrow paperwork that needs to be done properly. A timeshare broker handles all of the title and escrow paperwork. But if you are selling your time share you need to shop the title and escrow companies to determine who has the best fees. They vary greatly and you don’t want to over pay for fees.

Once you find a potential buyer for your timeshare you need to send them the proper paperwork that the title and escrow company provides you with. Then, once the paperwork is delivered to the escrow company they will go over it and will contact you if you need to make any changes.

A timeshare broker on the other hand, makes sure the paperwork is done right because they are experts at it. They have the experience of doing thousands of completed transactions which makes everything quicker. Timeshare brokers can make selling timeshare properties very easy.

So what’s the best way to sell a timeshare? That really depends on how much you want to get involved in the process and how much time you have. Most people believe that not paying broker fees will save them money. However, between your advertising costs as well as your title and escrow costs you may not really save anything. Add in the time it takes for everything and using a timeshare broker may be a wise choice.

Which ever way you choose these are some important considerations for you to think about before you start the process of selling any time share property.

Are you tired of unfulfilling vacations that are more of a hassle than a relaxation? Do you want to know how to enjoy your vacation and allow your entire family to have a great time? There is only one way to go for the best and most relaxing vacation of your life and that is with a Cancun time share rental. Timeshares are great and here is why.

You have two different options with time shares. You can find someone that already owns one and rent it off of them. Craigslist and your local classifieds are great for this. Your other option is to buy one yourself, use it, and rent it out to cover your costs.

You can actually get a time share for a very affordable price, especially if you can get into a newer one that is in the process of building all their different buildings. We are going to assume that you buy a time share, let’s say in Cancun, and you keep it for 20 years.

If you get 2 weeks every year and you can split it into two different trips, then you can go to Cancun once a year and rent it out once a year as well. So, how much can you get this type of time share for? We will use a figure that is on the very high end of $20,000. Then, add $250 a year for maintence so the total will be $25,000.

That is not much considering what you pay for a vacation each year. So over 20 years that will be $1,250 a year, but there will be interest so we will round it up to $1,500 a year. If you use it for one of your two weeks, then you have a great resort vacation with everything you need and all you have to deal with is airfare, food, and extras.

Then, if you rent it out for the other week you can get some of your money back. Let’s say you charge $1,000 a week for the rental. This is a bit low, but it will work. Now you have a Cancun vacation each year and $1,000 coming in each year from your time share. So it ends up costing you all of $500 a year for 20 years, then just $250 for maintence each year after that.

On top of this you will be able to enjoy many pools, tennis courts, golf courses, top restaurants, live entertainment, and many other great amenities on the resort. You will also get travel discounts for car rentals, airfare, and stays at other resorts within the network as well.

A Cancun time share rental is great for those of you that love to vacation once a year and when you give it away as a wedding gift for a week or you rent it out to a friend you will make them so jealous that they will want to either rent it from you again or buy their own.

Here is the secret that you are looking for. As you are going through your presentation and your tour you need to be patient and allow the sales person to do what they do. Then, when it comes time to talk numbers you need to tell them no over and over again. Even though you are planning to purchase you still need to say no to them until they get upset with you and they will.

At the point that they get upset with you, or possibly offer to sell you some type of vacation package to come back and check out their property again, is when you want to make your move. This is when they will be willing to drop their price one more time or at least give you a lower down payment for that day.

The thing is they always start high and too many people accept what they see right off the bat because it looks good to them, but if you tell them no over and over again they will bring their price down at least 3 times before they get aggravated with you and figure that you are not going to buy at any price. This is when you tell them that you are ready to make the purchase and you take that lower price than the other five people that purchased while you were sitting in the sales room getting bombarded by your sales representative.

This is how the system works and this is the secret to getting less expensive timeshares than what everybody else gets. Use this secret to your advantage and you can save thousands on your timeshare plus they might even throw in a free trip for you too.

The number of Americans who own homes dropped in the second quarter of the year to the lowest level since 1999, according to a government survey released Tuesday.

The Census Bureau said the home ownership rate fell to 66.9% in the second quarter of 2010, down half a percentage point from the previous year. The home ownership rate was 67.1% in the first quarter of the year.

In the second quarter rates were highest in the Midwest, where 70.8% of people are homeowners, and lowest in the West, where 61.4% of people own.

Rates in the South and West were lower than a year ago, while the Northeast and Midwest stayed the same.

Vacancies: The vacancy rate in non-rental units also fell in the second quarter, to 2.5%. Meanwhile, the vacancy rate in rental homes stayed steady at 10.6%.

Almost 86% of U.S. homes were occupied in the second quarter, with owner-occupied housing comprising 57.3% of all housing units. Renter-occupied homes were 28.3% of all units.

A separate report released Tuesday, the Case-Shiller index, showed home prices rose 1.3% in May compared with the previous month.