Buying a timeshare might be an overwhelming task, especially when pressured by company representatives and people that try to sell them to you on your vacation. Timeshares can be a great investment for many individuals. The market for timeshares can fluctuate a lot when there are high periods of demand for certain areas.
The concept of owning a timeshare versus renting a room began in the 1960s. Many different types of property went into this popular fad and it became a worldwide occurrence. During the life of the timeshare, a person will own a block of property usage that is usually a week in length or more.
Resort designers started to use the concept of timeshares to sell out their rooms, even well before the completion of the building. This allowed for even more people to own the same property while maintaining a steady stream of new income. People bought timeshares directly from the resort designers to resell later on as well as for future usage. Going to a dealer of timeshares often meant paying more than you would have needed to if you bought it direct from the resort designers. Private parties often sell their unused timeshares.
Timeshares can be appealing to a large number of people. People with set vacation times every year would probably enjoy a timeshare property to spend their vacations at. Serious property owners may want to have one or a few timeshares to rent out during the year for an extra income. This works especially well if you own timeshares for a popular holiday or planned event times. Many different people also buy timeshares for later use when they plan for a nice get away from their daily mundane lifestyles.
Timeshares can be expensive in high traffic and popular areas. Buying a timeshare in a premium location for a premium time slot will result in premium pricing. Developers know this when designing resorts, so they make the areas as perfect as possible to be able to charge more. Also, when a relatively new area becomes more popular, the timeshare industry booms and prices go up. It is more advisable to buy timeshares in nice places that are not as popular yet.
Timeshares are easily bought from resort developers, other timeshare owners or timeshare reseller companies. Many online forums and bulletin boards offer timeshare trading and selling, so it may be a good idea to search some of these sites out.
Closing Comments
Timeshares are a nice way to plan vacations or use as a short term investment property. The availability and pricing of timeshares relies on the current property market along with the source of purchase.
8000 First Time Buyers Tax Credit
First time real estate buyers are some of the most valuable clients out there, and the Internet is your best bet for attracting them. That's because new buyers are generally younger and spend more time doing research before entering the market, all of which adds up to more Internet use. Tech-savvy real estate professionals who can master a few new Internet marketing strategies will have a much easier time connecting with younger buyers, and building their market for the future.
Every real estate professional knows the value of first impressions, and that's why everyone wants to work with first-time buyers. Helping someone buy their first home is not just a huge responsibility, but also a marketing victory. With a successful first-time transaction, real estate professionals put themselves in a position to work with a client again in the future, and have their services referred to friends and family. But like a first home showing, that first transaction has to leave behind positive imagery and something to look forward to, otherwise the buyer will look somewhere else next time.
A strong Internet presence with a well-designed, well written, and useful website is the most effective online marketing tool, and most tech-savvy Realtors will already have this. The advantage to already having a good website is that you can build on it, or use it as a central resource linking to your new marketing tools.
Many real estate professionals and developers are also realizing the benefits of online television in marketing property to younger buyers. Popular examples of this marketing tactic have included sitcom webisodes, real estate agent walk-thrus, and reality-TV style interviews with current home owners. One online television series called Donovan Life told the story of a young professional woman who moved into a new downtown condo (the development being marketed) with her best friend. Like a television series featuring product placement, the Will and Grace-style Donovan Life managed to create a branded environment, and market a particular lifestyle. The series was a hit with younger buyers, and the development sold out quickly.
Tech savvy real estate professionals have also had a lot of success marketing to younger buyers with social networking. For example, instead of contacting leads via phone of sending mass emails, real estate professionals can simply set up a Facebook page and advertise their services. Clients tend to react well to this approach because it's more transparent, and doesn't require any personal information on their part - essentially it's the same thing as a website.
It's also important to keep in mind that these marketing tactics work well other groups besides young buyers. With more than 80 per cent of buyers and sellers using the Internet first in their real estate search, broadening your online presence is guaranteed to expand your market.
Both Chris Channing & Karen Hoeve are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Karen Hoeve has sinced written about articles on various topics from Home Renovation Ideas, Real Estate and Home Improvement. Learn more about property marketing from an experienced Raleigh NC real estate professional at YourRaleigh.com. There you'll find tips on the buying and selling process,. Karen Hoeve's top article generates over 6600 views. Bookmark Karen Hoeve to your Favourites.
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