European Timeshare Directive Protects Owners and Resale May 24, 2008
Posted by Bryan Connelly in : ARDA, Customer Comments, General, Marriott Timeshares, New Features, News & Events, RCI, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized, Westgate Timeshares, Wyndham Timeshares , add a commentThe European Commission has been responsible for keeping order throughout the vast collection of countries that comprise the European Union (EU) since 2001. On the afternoon of June 7th, 2007 they discussed and adopted the most recent proposal for a timeshare directive. Currently the intent of the Commission is to revamp the outdated directive and to enhance consumer protection. The new regulations will extend current rules to include newer products which have emerged outside of the realm of established legislation.
For almost ten years BuyATimeshare.com has been offering timeshares in sought-after European destinations, for sale by owner, and priced to sell. With such a large repertoire of vacation properties throughout France, Italy, Spain, Portugal and the United Kingdom, this new timeshare directive will enforce ethical business practices, protecting owners, buyers, as well as resort developers.
Different countries carry with them different interpretations of law, the new regulations will ensure that consumers are equally well protected across the EU and will create a level playing field for timeshare and other holiday-related products. The current, 1994 European Timeshare Directive was adopted across all member states. This decree granted consumers the right to receive the correct information before the signing of a contract, and there must be a “cooling-off” period of at least 10 days during which they can back out from the contract without a reason. The Directive also stipulates a ban on advance payments throughout the “cooling-off” period.
Timeshare-like products have developed since the establishment of the 1994 timeshare directive. Products like timeshare resale and exchange companies have evolved outside of the directive, as well as timeshare canal boats, cruise-ships and caravans, contracts for less than 3years. Some of these new products that are related to timeshare have led to unscrupulous resale tactics. Some unethical businesses have taken advantage of their spot outside of European laws, causing a myriad of problems amongst consumers and to honest traders.
Recognizing the problems that 1.5milion European families were facing, the proposal aims to close these regulatory gaps, by replacing the timeshare directive with a set of simplified rules which are clear and modern. Timeshare—since the 1970s has won millions of takers worldwide, who see the benefits to this cost effective alternative to renting hotels or a second residence. Data from the Organization for Timeshare in Europe (OTE)—illustrates that 1.4million holiday centers in 25 European countries, 1.4million families using timeshare and 200,000 Europeans employed, totaling a market of 2.3billion Euros per year.
This thriving industry is protecting the honest businesses like BuyATimeshare.com, who have been providing the utmost in professional services for 10years. Other companies in the timeshare resale industry have been swindling people across the globe. The European Commission is taking action with a new proposal that aims to enhance consumers’ confidence and legal clarity, and EU-wide regulations which are essential to the growth of this thriving marketplace.
Dubai Timeshares, Inevitably Resale May 21, 2008
Posted by Bryan Connelly in : ARDA, Customer Comments, General, Hilton Grand Vacation, Marriott Timeshares, New Features, News & Events, RCI, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized, Wyndham Timeshares , add a commentFor the past few years Dubai has been known as the next generation for the timeshare industry. The hospitality business has pined over the immense potential United Arab Emirates (UAE) has to offer. Lately it seems every sheikh and CEO has been combining forces to turn Dubai into a new Florida—the timeshare capitol of the world.
With the timeshare market likely to hit the 1billion dollar mark by 2010, global leaders like RCI, Wyndham, and Marriott are quite literally paving the way for resorts like Starwood and Hilton to add hundreds of hotel resorts to this booming Middle Eastern metropolis. Dubai is a relative a newcomer to the vacation property industry. BuyATimeshare.com is sure to offer these top brand timeshares in the UAE in the near future—for sale by owner, and priced to sell like they always are.
With the recent establishment of local timeshare laws, Dubai is now equipped with the legislation necessary to provide a healthy environment for the timeshare concept to grow. These new regulations were put in effect to protect developers and consumers, as well as providing a significant economic contribution to the marketplace.
Since 2007, RCI, one of the Wyndham Worldwide family of brands, has affiliated itself with numerous companies in the Dubai area. Al-Ghaith Holdings and their newest contribution to the UAE, the Bavaria Executive Suites, is an up-and-coming vacation club that will offer RCI’s exchange program for over 2000units throughout this massive timeshare palace.
Marriott Vacation Club is one of the more renowned names to establish itself in this new marketplace. Teamed up with Al-Futtain, Dubai’s Festival City will be the first Marriott timeshare in the Middle East, offering the latest in luxury and location. Projects continue to sprout up all over Dubai, like the Nassima Tower, the newest property to be affiliated with RCI. This ongoing trend does not seem to be slowing, with companies like Starwood Hotel & Resort and on their way to doubling their portfolio, we are certain to hear more from the UAE and timeshare resale.
At BuyATimeshare.com, the industry leader in timeshare resales, we make it easy to rent, buy, or sell a timeshare. With RCI exchange power, many of the timeshare packages will help you gain access to Dubai timeshares, the newest in luxury vacationing. Since many of these Middle Eastern timeshare resorts have yet to welcoming guests, they are not available on the resale market. However, once people have bought into these units, they will inevitably find their way to resale, where they will be advertised on BuyATimeshare.com, and like every other property, they will be priced thousands of dollars less than originally sold.
Timeshare Gain Popularity Among Former Vacation Homeowners May 16, 2008
Posted by Bryan Connelly in : ARDA, Customer Comments, Fairfield Timeshares, General, Hilton Grand Vacation, Hilton Head Island, Marriott Timeshares, News & Events, RCI, Sunterra Timeshare, Sunterra/Diamond Resorts, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized, Westgate Timeshares, Wyndham Timeshares , add a commentA trend is forming in the timeshare market. Over the recent months more and more buyers have been people who have previously owned vacation homes. In today’s economic upheaval, fractional ownership and timesharing are starting to look less like a scam, and more like a reasonable, economically sound alternative to owning a separate vacation home.
The unparalleled benefits of timeshare ownership are even better when you can save thousands of dollars when buying. The timeshare resale market found on BuyATimeshare.com has hundreds of properties, for-sale-by-owner, with prices that are well below what a resort’s salespeople will attempt to sell them for.
For awhile, the timeshare resale market was a well-kept secret in hospitality industry, known only by brokers and seasoned timeshare owners. Resorts do not want their vacations peddled for thousands of dollars less, when they can sell the same package for $40,000.00.
Recently people have begun selling their multi-million dollar vacation homes, taking up timeshare ownership. After considering the maintenance costs and property tax for such little annual usage—owning that second piece of property does not make financial sense. Now, instead of paying maintenance fees that cover cleaning services, taxes, insurance, future furniture replacement, costs to maintain the resort, plus operational costs for management and personnel.
These annual maintenance fees are quite small in comparison to a mortgage, insurance and home maintenance costs. With no mortgage, your money is not tied up in one huge investment. A recent trend in our timeshare resale show that many former vacation homeowners now own multiple weeks—especially after seeing the many benefits, luxuries, and affordability of timeshare ownership.
To make ends meet, vacation home owners will often rent their second home out. This becomes a burden to the owner who is responsible for any maintenance issues, all repair, and scheduling tenants, guests and family, until, vacationing becomes more work than it is worth. That same owner can simply check out of a timeshare, with no concerns about the property, finally, vacationing becomes enjoyable.
With today’s huge exchange companies like RCI, II, and TPI, patrons can swap one or more weeks for a stay at thousands of luxury resorts for a variety of vacation experiences. Many of these ex-vacation homeowners have opted for these multiple destination packages—not affixed to a specific resort headquarters. These options have the most to offer those who vacation often and appreciate a change of scenery.
At BuyATimeshare.com there are hundreds of multi-destination packages, priced to sell by motivated owners. These timeshares are your best option of saving thousands of dollars on you next vacation—reaping the benefits of fractional ownership, without owning, renting, maintaining, or worrying about a second home. Finally enjoy your next vacation.
West 57th Street by Hilton Club Makes Timeshare History in NYC May 12, 2008
Posted by Bryan Connelly in : ARDA, General, Hilton Grand Vacation, JetShare, New Features, News & Events, Timeshare Rental, Timeshare Resource, Travel, Uncategorized , add a commentA celebration marked the final stages of a long development process for an up-and-coming timeshare project in Manhattan, New York. Hilton Hotel Corporation is beginning an historic endeavor in the hospitality industry. West 57th Street by Hilton Club, located in midtown Manhattan amongst the prestigious neighborhood of Seventh Avenue and the Avenue of the Americas, is the first ground-up, purpose-built, shared ownership property ever developed in New York City.
BuyATimeshare.com has the only way to gain access to a property that has an average price of $58,000 per week or over $100,000 per week in a penthouse, including a membership in the world-renowned Hilton Grand Vacation Club. There are hundreds of HGVC owners selling their points on BuyATimehsare.com for thousands of dollars less than Hilton would. This is advantageous to buyers, who eventually want to stay at West 57th Street by Hilton Club, though do not want to spend brand-new resort prices.
The resort is scheduled to open during the second quarter of 2009. On May 6th 2008 celebrating the now 28-story foundation was a ceremony and the final bucket of concrete hoisted and poured, bringing this unique superstructure one step closer to becoming a reality. The construction and project teams were recognized by Hilton Grand Vacations President Mark Wang and the Chief Operating Officer of Tishman Construction Corporation, Jay Badame.
With a sleek contemporary interior design by Alexandra Champalimaud & Associates, West 57th Street by Hilton Club is to be a tremendous tower designed by the Architects HLW International and built by Tishman. The distinct setting in NYC is complemented by world-class amenities. 161 luxurious studio, one-bedroom, and penthouse suites were designed with serenity and space in mind. Adorned with stunning floor-to-ceiling windows, high-end furnishings, and the fine quality has been put into every facet of the resort.
In an edition of Grand Times last year, Hilton Grand Vacation Club stated that future HGVC developments built with special amenities, location, or size would have a higher points structure. Grand Waikikiian and King’s Land villas has an extraordinary pool complex and owner’s lounge, and West 57th has an esteemed location, thus mitigating the heightened points cost of these resorts. One way to limit demand is price. Many Hilton Club members agree that special properties deserve better amenities and the cost should be higher. This higher points structure is needed to limit the number of people who would buy a cheaper resort to trade into West 57th Street.
Hilton Club in the New York Hilton on 53rd and 6th Avenue will still have two floors of timeshare and both 53rd and West 57th Street are within walking distance to Central Park, Carnegie Hall, Lincoln Center, Museum of Modern Art, Radio City Music Hall, and the refined shopping along Fifth Avenue.