Is It A “Timehshare” Or Is It Not A “Timeshare”?}

Submitted by: Allen Minear

The timeshare guru again sheds more light on the timeshare industry. We have started extense research on the resort directory published online and in text of the world’s claimed to be largest timeshare exchange network. We are going to share with you what we have found by contacting these resorts directly.

Recently we contacted several resorts listed in the directory in the state of Michigan. All our contacts were made by telephone and we spoke with project directors, sales managers, general managers and others.

Are results were basically the same with each contact we made with only slight variances in what we discovered. Three of the resorts claimed, they were “not timeshares” but only offered “Fractional” ownership programs. Fractional ownership is where somenone will normally purchase a block of time in a particular type housing project. Most fractionals are either three or four months sold in one consecutive stay. Even though these are listed as “Weekly” timeshares in the book, the management staff in each case denied they that they had any timeshares owners. Each person expressed the fact that they are not a timeshare project.

This raises serious concerns in the timeshare industry. Are they a timeshare or not? They are listed as a “timeshare”, but claim they do not sell timeshares or do not offer any timeshares in there inventory. Is this a case where the project in itself has no clue to what a timeshare is? Or is the management of clueless to what is really going on? Either way, what we have discovered would not pass the smell test by any means.

Timeshare today are available in over 150+ countries around the world. The way timeshares are sold changes on a daily bases. Contract language continues to change as time goes on. What you bought five years ago, is not what most timeshare sales organizations are selling today. The education of timeshare owners today has suffered dramatically over the years. Timeshare companies in general have to program designed to keep the “owners” up to date on what the industry is doing and how the changes will affect what they purchased years ago.

Independent timeshare resort outside of the corporate owned resorts, seem to be the one suffering the most on owner education. Lack of funds necessary to hire an outside company to accomplish what is necessary to maintain a solid owner base does not exist. Board members running this independent operations in most cases do no have a clue to what is really going on and refuse to except factual information pertaining to the industry changing. The “guru” will admit, most Home Owners Associations are living in the past. Many of the independent resort are out of touch and out of date in the industry today. Steadily rising maintainence fees, special assetments, but still not up to par. Many will hire a “Timeshare Management” company believing that will be the “Fix All”, when in reality adding more injury to the fact. An additional unneeded expense. More monies out of a “stressed” out budget. Are there solutions? Absolutely!

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Source:

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