Timeshare News

Lahaina, Maui (PRWEB) May 22, 2013

Advantage Vacation recently compiled a list of Maui timeshares by region or location on the Island beginning with the popular West Maui – Lahaina area which includes Ka’anapali, Honokowai, Kahana and Napili. In the South Maui area there are timeshares in Kihei, but none in Wailea or Makena.

“The island of Maui is truly a magical place to live and vacation,” said Syed Sarmad, the Principal Broker for Advantage Vacation. “After vacationing here for a number of years, my wife and I decided it would be wonderful if we could move our timeshare resale business here and live on Maui full time. We were able to do just that over 10 years ago and have never regretted the decision for a single moment. We specialize in Maui timeshare resales and have assisted numerous clients in making their Maui timeshare vacation dreams come true!”

The Maui timeshare review includes a brief description of each timeshare resort and a note of whether they are affiliated with II or RCI and the rating each exchange company has designated to that resort, e.g., 5 Star, Gold Crown, if any. While II and RCI are two of the largest timeshare exchange companies, the name brand timeshares of Diamond, Hyatt, Marriott, Westin-Starwood, Worldmark and Wyndham all offer internal exchanges.

For more information on the Maui timeshare reviews go to: http://advantagevacation.com/maui-timeshare-reviews-by-advantage-vacation/

The West Maui – Lahaina area is where you’ll find Marriott’s Maui Ocean Club, Marriott’s Maui Ocean Club Lahaina-Napili, Westin Kaanapali Ocean Resort Villas and Westin Kaanapali Ocean Resort Villas North – four of the most popular Maui timeshare vacation resorts on the island of Maui.

A brief summary of Advantage Vacation-

Advantage Vacation, a leader in the secondary market of timeshare resales, specializes in Maui timeshare resales of name brand timeshare properties. Syed Sarmad, the Principal Broker for Advantage Vacation has over 35 years of experience in the timeshare industry and has expert knowledge of Marriott timeshare resales and Westin timeshare resales on Maui.

About Advantage Vacation and Syed Sarmad

Advantage Vacation is a licensed timeshare resale brokerage located on the island of Maui which specializes in Maui timeshare resales, Hawaii timeshare resales and timeshare resales of name brand timeshares in Hawaii and nationwide. Advantage Vacation is a member of the American Resort Development Association (ARDA) and an Accredited Member of the BBB with an A+ rating. Syed Sarmad is one of the founding members of the Licensed Timeshare Resale Brokers Association. Syed has addressed the Maui County Council twice opposing proposed tax increases for timeshare owners.

Contact:

Advantage Vacation Timeshare Resales

Web: http://www.advantagevacation.com/

Email: Syed(at)advantagevacation(dot)com

Tel. +1-800-775-4493

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Article source: http://www.prweb.com/releases/2013/5/prweb10663190.htm

TAMPA (FOX 13) -

One afternoon, as timeshare executives and suppliers mill
about in a hotel ballroom, bottles of grape juice chill on ice.

“Come tonight, there will be champagne,” said
Howard Nusbaum, president of the American Resort Development Association, the
country’s timeshare lobby.

Hard-hit by evaporation of credit and the recession,
timeshare developers say they are bouncing back and have reason to celebrate.

“What a difference a few years makes,” Nusbaum
said to a large crowd at the association’s annual trade show.

“We’re back,” he cheered.

The pep rally surely means summer vacationers are more
likely this year to hear a stranger ask: “May we have 90 minutes of your time?”

Amy Gregory, a professor at the University of Central
Florida Rosen College of Hospitality Management, said consumers can expect a less
pressured, more straightforward sales presentation than in years past.

“It’s not ‘I’m going to slam the door and keep
lowering the price until we get to what you’re going to pay,’” she said.

Gregory attributed an increase in industry credibility to
nationally recognized hotel brands such as Hilton and Marriott taking a greater
stake in timeshare development.

“They absolutely brought credibility to it,” she
said. “There’s price integrity now.”

Still, trade secrets on display at the beachside trade show
highlighted how the timeshare sell remains an emotional play – often while
couples are on vacation.

Steve Pentland, whose company Generator Systems produces
lush sales videos for timeshare developers, spoke bluntly about the need to get
into prospective buyers’ heads. 

“No one wakes up in the morning and says, ‘I’m going
to go out and buy a timeshare,’” he said, standing in front of a bright
orange booth with the word “psychology” printed on it.

And that’s where critics raise a red flag.

“If any other industry tried to do something like
this, they’d go to jail,” said Stuart Vener, a real estate consultant who
helps people get out of timeshares.

Vener warns would-be buyers that timeshares depreciate
rapidly and can be worth very little in the resale market.

“If you get anything, it’s a miracle,” he said.

Where there are no nibbles, Vener says he resorts to
offering a deed back to the developer or property manager. He says they refuse.

“They’re telling people it’s worth 15, 20, 30 thousand
dollars, and I offer it to them for nothing. They don’t want it back,” he
said.

Additionally, Vener says timeshare sellers gloss over
required annual fees for maintenance and management. ARDA says they currently
average $680 per two-bedroom unit per year. Assuming a condo unit is divided
into 52 equal shares and the developer keeps one week (which is customary), the
total amount collected for that one room totals nearly $35,000.

Vener says the industry makes pawns of people.

Personal finance guru Dave Ramsey goes farther.

“Timeshares are one of the biggest
scams on the market today,” he writes on his website.

ARDA’s Nusbaum responded
without hesitation.

“Although I respect Dave Ramsey, vacations are not
financial investments,” he said. “Whether you rent a traditional hotel room, or
a beach house, or buy a timeshare.”

Despite the deep difference of opinion of the value of
timeshare, vendors at the ARDA conference were optimistic about the future.

“I hoping to gain some sales,” said Jane Arason
of Arason Enterprises.

Her firm manufactures unique fold-away beds called the Creden-ZzZ. Her sense is
that the worst has passed and Arason will find buyers.

“It is coming back,” she said.

 A few rows over,
Orlando hotel soap and bathrobe distributor Phil Fry laments the rollercoaster
of the past few years– tongue in cheek.

“I won’t say I want you to steal the robe so I can
sell more, but it wouldn’t hurt,” he said.

On a more serious note, he says he’s seeing encouraging signs
that the timeshare world is rebounding.

“We’re enjoying the ride back up,” Fry said.

Article source: http://www.myfoxtampabay.com/story/22306062/2013/05/21/is-a-timeshare-a-good-deal

Apple’s Stateless Subsidiaries Lower Tax Bills: Senate ReportReuters

Using an unusual global tax structure, Apple has held billions of dollars in profits in Irish subsidiaries to pay …

Article source: http://finance.yahoo.com/news/fitch-1q13-u-timeshare-abs-133800709.html

If you’re thinking about selling a timeshare, be on the lookout.

Some companies have no intentions of helping you sell. Investigators say they’re crooks who are operating an elaborate scheme.

Katina Pendleton found out first hand.  She lost thousands of dollars in a timeshare resale scam.  A company promising quick results called Katina and asked her if they could sell her timeshare in St. Thomas.  She agreed.  Then, she got another call.

“She said, ‘I have a buyer for your timeshare–she’s sitting right here. Blah blah, would you like to talk to her?’”

Initially, Katina was thrilled.  She was eager to sell her timeshare. The person posing as a sales agent then asked for money.

“‘In order to get this transaction to go through, we would like you to wire me $1000 dollars,’” said Pendleton as she relayed the details of the call.

Katina went to the bank and wired the money for what she was told were closing costs.  The scammers sent her a fake contract.

Postal inspectors say this scam is on the rise in a challenging economy.

“The timeshare resale scam is a fraud perpetrated on a lot of elderly people looking to sell and get rid of their timeshares,” said Kathryn Scarles, U.S. Postal Inspector.

Thousands of people have lost everything to these scams.

“It’s really hard when you see someone lose their life savings,” said Scarles. ”These scams are so convincing and they are so realistic-sounding and sound legitimate that a lot of smart people get duped.”

Katina eventually sold her timeshare.

The best advice is to do your homework.  Check out the company through the Better Business Bureau  to make sure its an accredited timeshare reseller.

Here are some more tips:

• Use a Business You can Trust – Make sure the timeshare reseller you use is a BBB Accredited Business or at the very least has a good rating with BBB. You can check out a business’s BBB Reliability Report at bbb.org.

• Confirm Licensing Requirements – Some timeshare resellers will use fake addresses or PO boxes in order to mislead timeshare owners. Confirm where the company is located and in what states it does business. Ask if the company’s salespeople are licensed to sell real estate where your timeshare is located. If so, verify this with the state licensing board.

• Get the Facts on the Figures – Find out if the business charges a commission. Do they handle the entire closing and provide escrow services? Do they charge an up-front listing or advertising fee? What does it cover and is it refundable?

• Be Wary of Upfront Fees – Many complainants to BBB were burned by companies charging an advance “appraisal” fee for services or were told that they just had to pay closing costs and the timeshare would be taken off their hands. Consider opting for a company that offers to sell for a fee only after the timeshare is sold.

• Don’t Fall for the Hard Sell or an Offer that Sounds Too Good to Be True – Don’t agree to anything over the phone but instead ask the salesperson to send you written materials; take the time to think it over and don’t be pressured. Unscrupulous timeshare resellers may claim that your property is in demand and they can sell it immediately; unfortunately, these promises are often empty.

Click here for more advice from the Better Business Bureau when it comes to selling a timeshare.

Article source: http://www.wbay.com/story/22293831/2013/05/19/timeshare-scams-on-the-rise-in-a-challenging-economy

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LEXINGTON, Ky. (WKYT) – If you’re thinking about selling a timeshare, be on the lookout for scam artists trying to convince your to sell your place through them. If you do business with them, you’ll lose in the end.

Katina Pendleton lost thousands in at time share resale scam.

“It’s awful, just awful and I do believe what goes around comes around and they are going to get it and it’s going to come back to haunt them,” says Pendleton.

A company promising big results called Pendleton and asked if they could sell her timeshare in St. Thomas. She agreed. Then, she got another call.

“She said ‘I have a buyer for your timeshare. She’s sitting right here. Blah, blah, would you like to talk to her,’” says Pendleton.

Initially, Pendleton was thrilled. She was eager to sell her timeshare. The person posing as a sales agent and asked for money.

“In order to get this transaction to go through we would like you to wire me $1000 dollars,” says Pendleton.

Pendleton went to the bank and wired the money for what she was told were closing costs.

“They sent me the fake contract. Never heard from them again,” says Pendleton.

Postal inspectors say this scam is on the rise in a challenging economy.

“The timeshare resale scam is a fraud perpetrated on a lot of elderly people looking to sell and get rid of their timeshares,” says U.S. Postal Inspector Kathryn Scarles.

Thousands of people have lost everything.

“It’s really hard when you see someone lose their life savings. These scams are so convincing and they are so realistic sounding and sound legitimate that a lot of smart people get duped,” says Scarles.

Pendleton says she can’t believe people would scam others for a living.

“We’ve been brought up to be really honest and good people. There is something missing in them, they have no conscience, they don’t care. they are after the money, the money is the main thing,” says Pendleton.

Pendleton eventually sold her timeshare. The best advice is to do your homework before you send money to anyone.

Article source: http://www.wkyt.com/home/headlines/Consumer-Alert-Beware-of-timeshare-sales-scams-207930891.html

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Fort Myers, FL (PRWEB) May 16, 2013

Keith W. Trowbridge, Ph.D., President and CEO of Executive Quest, Inc., http://www.execq.com, a timeshare/vacation ownership/resort industry executive search firm, announced the completion of its 13th annual industry salary survey. The results originated from the 27,000+ contacts maintained by the company through its monthly newsletter subscriptions and include salary, commissions, bonuses, and perks earned in 2012 for reporting in 2013. Many executives received non-cash perks such as a company automobile, health and life insurance, contributions to a 401(k), or housing for family-visitors. The survey results are available for purchase http://www.execq.com/salarystudy.htm.

Known as the “father of timeshare,” Trowbridge tirelessly researches and promotes the timeshare industry, the salary survey being one example. “I’ve said so often,” says Trowbridge, “this salary information is a valuable tool for budgeting, hiring, promoting and training objectives for the timeshare industry.” Executive Quest partner Jim Perkins, a veteran headhunter who serves Southwest United States, Mexico and the Caribbean, agrees. When asked about the role of a recruiter, Perkins explained that the recruiter will first find positions that are open and then find the right individual to help that particular company fill that role. Keith Trowbridge added, “A recruiter has inside knowledge of a hidden job market with access to jobs that the usual job seeker never gets to know about.”

A visionary leader and man of principle, Trowbridge stays connected to an enviable network of contacts by writing a free monthly on-line newsletter that includes a calendar of upcoming industry conferences and events along with other timely industry articles. To subscribe, go to http://www.execq.com and click on the green “Subscribe” button.

——–

Keith Trowbridge, Ph.D., who spent 35 years in the vacation ownership business as a developer, has spent the last 19 years in the headhunting business with his company, Executive Quest, Inc., a timeshare/vacation ownership/resort industry executive search firm with clients worldwide. Inquiries can be made to http://www.execq.com, to Keith Trowbridge by phone at 239-454-1100 or keith(at)execq(dot)com, or to Jim Perkins at 936-856-3983 or jim(at)execq(dot)com.

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Article source: http://www.prweb.com/releases/2013/5/prweb10734370.htm

Travel Leisure Group

Potential purchasers—many of whom may have previously been hesitant—now buy timeshares and become enthusiastic timeshare owners and users.

SUDBURY, Suffolk, England, (PRWEB) May 15, 2013

International timeshare resale brokerage firm Travel Leisure Group has announced the results of a 10-year industry study that concludes 86 percent of timeshare buyers are happy with their investment after 10 or more years. According to Travel Leisure Group Managing Director Maria Mills-Farinas, the findings come from the comprehensive study out of London’s Resort Development Organisation (RDO) of satisfaction levels reported by timeshare owners.

The RDO study finds that 86 percent of timeshare buyers report continued satisfaction with their purchase, great news for the timeshare industry which periodically battles negative press to maintain a positive reputation among consumers.

The survey categorized survey respondents into one of three groups: buyers, sellers, and renters. Utilizing their responses helped determine the degree of satisfaction for each category. Survey results show a 65 percent satisfaction rate among timeshare sellers. Other findings contained in the study include percentage of buyers who used the services of a timeshare resale agent (80 percent), and of buyers who made full use of their timeshare, using it consistently and rarely missing their allocation (70 percent).

According to Mills-Farinas, timeshare sales are on the rise as buyers in a new economy are learning more about the advantages of timeshare ownership, information that has increased value within the vacation industry as a whole. As a growing number of people invest in timeshares, positive testimonials have proven to be the top factor in increased sales. The public’s perception of timeshare ownership is finally changing for the better.

“For many years, timeshares have been considered a bad investment, and sales have been associated with bad practices,” Mills-Farinas says. ”Now that perception has been turned on its head as potential purchasers—many of whom may have previously been hesitant—buy timeshares and become enthusiastic timeshare owners and users.”

Improved perceptions also have a carry-over effect for those in the industry who sell timeshares, with many resale brokers reporting increased sales.

The study also revealed a growing popularity for purchasing “vacation club” memberships, which give the buyer the flexibility and freedom to enjoy a wide range of holidays and locations. No longer limited to the same week in the same accommodation at the same resort year after year, the vacation club membership provides increased flexibility. Combined with the ability to rent timeshare accommodations to get the most out of an unused unit, this trend is proving extremely popular with a new generation of timeshare buyers, one that is predicted to experience continued growth.

To learn more about these timeshare study findings, or to inquire about buying, selling or renting a timeshare, visit the Travel Leisure Group website, or email mail(at)travelandleisure(dot)co(dot)uk. U.S. inquiries call 813.965.4373; EU inquiries call 0800 071 1372 (sales), 0800 071 4674 (purchasing), or 01787 881111 for general information.

About Travel Leisure Group:

With more than 20 years of timeshare industry experience, Travel Leisure is an international timeshare resale firm with a team of dedicated and multilingual brokers specializing in all aspects of timeshare resales worldwide. By taking full advantage of management and staff’s collective expertise, the Travel Leisure has created a safe environment for private individuals to buy, sell and rent timeshares.

All Travel Leisure Group transactions are guaranteed through escrow.

Recommended by major timeshare resorts and developers worldwide, the Travel Leisure Group is a member of the Resort Development Organisation (RDO), The Association for Timeshare Owners Committees (TATOC), the Timeshare Owners Association and the American Resort Development Association (ARDA) and the Australian Timeshare and Holiday Ownership Council Limited (ATHOC).

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Article source: http://www.prweb.com/releases/TravelandLeisureGroup/InternationalTimeshares/prweb10736015.htm

Britons holidaying in Spain, Portugal and Malta this summer are being warned not to fall for the latest racket that has replaced timeshare – the sale of “leisure credit” schemes promising free or discounted future holiday bookings.

The UK European Consumer Centre warned that it has seen a big jump in complaints from holidaymakers who had been persuaded to spend large sums of cash buying credits after being subjected to high-pressure sales pitches in European resorts.

Salesmen who used to sell timeshare packages have moved into this area as it is not regulated in the same way as timeshare sales now are. Holidaymakers are promised holiday club memberships or discounts for years to come on future accommodation bookings, as well as other leisure products such as spa days, or the use of sports facilities. Packages typically cost between £10,000 and £15,000 each.

Two women who recently turned to the consumer centre for help, had agreed to purchase 250m entertainment and leisure credits while on holiday in Tenerife. They paid a £1,710 deposit by debit card. The balance of £19,300 was due after they returned home, but the pair had second thoughts and decided to pull out. With the help of the centre they got out of paying the balance but lost the deposit. Others have fared even worse.

Andy Allen, UK ECC director, says: “The product tends to proliferate in popular holiday destinations such as Spain, Portugal and Malta. We want to draw consumers’ attention to the fact that this product is not covered by the EU Timeshare Directive (2008/122/EC) and that consumers need to be aware that they do not have the protection given by this legislation if they enter into contracts for this type of product. Consumers should understand that they will have no cancellation rights, cooling-off period, deposits or consumer information rights under this timeshare legislation.”

He says complaints to the UK European Consumer Centre about leisure credit schemes rose 140% in the year to the end of March 2013, compared to the previous year.

The UK European Consumer Centre is part of the European Consumer Centre Network (ECC-Net) which deals with cross-border disputes between traders and consumer. Its UK consumer complaint line is 08456 04 0503.

Article source: http://www.guardian.co.uk/money/2013/may/11/leisure-credit-timeshare-holidaymakers

Timeshare rental accommodation is becoming more of a sought-after product as consumers discover the major advantages to renting a timeshare holiday apartment compared to a regular hotel room.

Merrimack, NH (PRWEB) May 14, 2013

Timeshare resale and rental advertising leader BuyaTimeshare.com has released its Top 10 List of the most popular resorts advertised on its industry-leading online platform. The list was compiled by the number of rental offers placed by consumers looking for timeshare rental accommodation available through the http://buyatimeshare.com website.

Aruba resorts dominate the list, taking four of the top 10 spots. International resorts take five of the 10 positions, with the usual U.S. destinations of Orlando, Hawaii and Las Vegas also appearing on the list.

Brand-named resorts also continue to be popular, with the Marriott brand continuing to carry weight with three of the top five spots. Disney, Hilton and Diamond also make the list, with mainstay Manhattan Club now affiliated with Bluegreen.

The most popular resorts, as measured by consumer interest, are:

1.    Marriott’s Aruba Surf Club (Aruba)

2.    Marriott’s Aruba Ocean Club (Aruba)

3.    Manhattan Club (New York City)

4.    Hilton Grand Vacations Club at Elara (Las Vegas)

5.    Marriott’s Ocean Pointe (Palm Beach Shores, Florida)

6.    Disney’s Animal Kingdom Villas (Orlando)

7.    Divi Village Golf and Beach Resort (Aruba)

8.    Harborside Resort at Atlantis (Nassau, Bahamas)

9.    Occidental Grand Aruba (Aruba)

10.    Diamond Resorts Ka’anapali Beach Club (Hawaii)

“These are all quality holiday locations and we are very pleased to be able to offer such excellent vacation accommodation to consumers looking for their next travel destination,” said Wesley Kogelman, president and CEO, BuyaTimeshare.com.

“Timeshare rental accommodation is becoming more of a sought-after product as consumers discover the major advantages to renting a timeshare holiday apartment compared to a regular hotel room. Separate bedrooms, full kitchens, in-room laundry amenities and larger overall units provide for a much more comfortable experience and we are seeing increased demand for these locations.

“Offers to rent timeshare from our site increased 85 percent in the first quarter of 2013 compared to last year, so we are definitely seeing more people not only looking for this type of accommodation but actually making offers to book them from our owner advertisers,” added Kogelman.

For more information about holiday accommodation options, please visit http://buyatimeshare.com.

About BuyATimeshare.com

BuyATimeshare.com is an internet advertising and marketing company for timeshare owners who seek to sell or rent timeshare by-owner. The company has been in business since 2000 and was ranked by Inc. Magazine as one of the fastest-growing, privately held companies in the country—making the prestigious Inc. 5000 list in 2010 and 2011. BuyATimeshare.com was also listed as one of BusinessNH Magazine’s Top 10 Companies to Watch in 2009. For more information, please visit http://buyatimeshare.com or call 1-800-882-0296.

Contact:

Steve Luba

Chief Communications Officer

Email: s.luba(at)buyatimeshare(dot)com

Ph: 800-882-0296

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Article source: http://www.prweb.com/releases/timeshare/rental/prweb10724396.htm