Can’t Qualify for a Vacation Home Mortgage? Buy a Timeshare Instead

The ‘credit crunch’ is leaving many would-be home buyers high and dry. By the thousands, lenders have been turning away borrowers with great credit, rendering them unable to purchase a vacation home. For those borrowers who don’t like taking ‘no’ for an answer, many would-be home buyers are now taking a look at timeshares as an alternative to purchasing a full-ownership vacation home or condo. The reasoning behind it all lies not only in simple economics, but also in practicality and common sense: 1) Would-be vacation home buyers are purchasing timeshares at a fraction of what it would cost to own an entire vacation home. There is often no mortgage, and monies aren’t tied up in one huge investment. This frees up more capital to diversify investment portfolios. 2) Timeshares allow consumers to custom-fit their ownership. If a family vacations for one week, they purchase one week, yielding one week of residency per year. If a family vacations for two weeks, they buy 2 weeks, etc. 3) Those who own vacation homes often must defray their expenses by making their retreats available to others as a vacation rental. The long-distance worries include vacancies, repairs, damages, and the list goes on. Timeshare Ownership doesn’t involve daily management of the property – when owners are in residency, their only ‘job’ is to relax and enjoy. 4) Annual timeshare maintenance costs are diminutive in comparison to vacation home ownership. 5) Almost all timeshare residences offer more luxury and amenities than that of a vacation home. They are ‘turn-key’, and come completely furnished, right down to the silverware, sheets, linens, and towels. 6) Although almost all timeshares are often located in world-class vacation destinations, timeshare owners can experience other timeshare resorts around the world by way of exchanging their weeks to other destinations. There are all kinds of exchange companies, such as Interval International (I.I.), Resort Condominiums International (R.C.I.). Have you been turned down for a vacation home loan? Thank your lucky stars and buy a timeshare.

TimeshareGiant.com: A Safe Haven for Timeshare Owners

Any timeshare owner who has expressed interest in selling their timeshare at some point or another, has been exposed to unscrupulous telemarketing practices from companies all over the globe, promising a sale if the owner pays hundreds of dollars (or even thousands) in upfront fees. Many timeshare owners don’t realize how solicitors acquire their contact information in the first place. Their latest technique is quite ingenious: The solicitors design a website staged as a timeshare resale organization, often (but not always) with only 1 or 2 pages of content, and a convenient contact form for timeshare owners to complete and submit. The main function of these sites is to ‘harvest’ personal information. These information harvesters then sell the public’s personal information over and over again to timeshare solicitors all over the world, whose only purpose is to make contact with timeshare owners and charm them to extract several hundred or even thousands of dollars from them, right over the phone. Remember: If you’re a timeshare owner, your personal information is a hot commodity! Personal information harvesters make big money selling timeshare owner contact information to companies worldwide. Once the personal information is submitted to the wrong parties, much to timeshare owners dismay, they are barraged with unwelcome phone solicitations from an array companies on a regular basis. Because the lead harvesting industry has become so lucrative, harvesters have become quite brazen over the years. Many are now surfing the internet, randomly looking for personal information to collect and re-sell. Timeshare owners who advertise their timeshares for sale or rent on Timeshare Giant do not need to divulge their contact information in their ads. If an interested party wants to inquire on their ad, the inquirer uses the ‘Inquire About This Timeshare’ function, and the inquiry is sent directly to the advertiser via email, in a secure environment. If a timeshare owner wants to place their timeshare for sale or rent, they deserve to have a safe and legitimate place to do so. Timeshare Giant is that safe haven.

Maui will soon welcome Westin Nanea Ocean Villas Kaanapali

A 26-acre parcel in Kaanapali, Hawaii, will soon welcome 390 more luxury timeshare units, to be developed by Starwood Vacation Ownership. Historically, Starwood has experienced monumental success with their 2 existing developments on Maui; the Westin Kaanapali Ocean Resort Villas, and the Westin Kaanapali Ocean Resort Villas North. The new resort, Westin Nanea Ocean Villas Kaanapali, will integrate fully with Starwood’s 2 existing resorts, making it one contiguous complex. The thing I think I love the most in learning about this project is it will be a ‘Green’ building project. The existing 2 Starwood resorts total 270 units. The eco-friendly 390 units at Westin Nanea Ocean Villas Kaanapali will more than double Starwood’s timeshare presence on the island. Rumor has it that there will be very few 1 bedroom and 3 bedroom units; The project will be comprised primarily of 2 bedroom units, and no ‘lock-offs’. Although the Maui News states the resort will open in 2010, Starwood’s press release states it will open in 2011. In 2007, Hawaii statewide approximately 8,000 timeshare residences. These statistics are up 16 percent from 2006, according to a survey conducted by state Department of Business, Economic Development and Tourism. Furthermore, the survey revealed that the number of timeshare units in Hawaii has almost doubled since 2000. On Maui alone, there were 2,916 units in 2007, which represents a 32 percent increase from 2006. The statistics represent yet another indicator that the timeshare industry is alive and well! It’s wonderful to see in spite of a sagging economy and high fuel prices, the demand for timeshare vacationing is still strong. I believe this is due to the public’s desire to make the most of their yearly vacations, with a product that offers an attractive alternative to hotel room vacationing.

Westgate Resorts will stake their claim in timeshare history in Las Vegas

80 East Harmon Avenue in Las Vegas will never be the same again. It will soon reach new heights in the timeshare industry- and in timeshare history. It will be the world’s tallest timeshare development, boasting a whopping 52 stories of luxury timeshare vacationing. The Resort, Planet Hollywood Towers will be 3.2 million square feet, and will feature around 1,200 luxury timeshare residences, a 35,000 square-foot convention facility, a 16,000 square foot shopping mall, a restaurant, and will be fully integrated with Planet Hollywood Resort and casino. Designed by Morris Architects, the first phase of the $1.2 Billion project is scheduled to debut some time next Summer. This will certainly be a fun story to watch as development progresses, and as timeshare history is made.