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Timeshare Broker Beat

The Timeshare Broker Beat: Bringing you up to date information about the timeshare industry - from tips on scouting out the hottest new property to scam alerts for protecting yourself when buying or selling timeshare.

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Subscribe to this list via RSS Blog posts tagged in maintenance fees

It's that time of year again! For many timeshare owners, late October/ early November marks the dates when annual maintenance fees are once again due. While maintenance fees are an expected expense, the arrival of the bills often provokes an upswing in resale interest.

For owners who weren't able to enjoy their timeshare for the previous year, a maintenance fee can feel like an undeserved burden. It's during this time that timeshare resellers like us field lots of calls about reselling vacation properties, or renting properties out for next year.

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Stop by almost any timeshare forum and you’ll find discussion about purchasing a timeshare for $1 on for-sale-by-owner websites like eBay and Craigslist. These days, you’ll even find sellers advertising their property on personal Facebook pages! So what’s the deal? Why are there timeshares available for $1, and is it a good idea to buy timeshare from owners on FSBO sites?

The primary reason you’ll find timeshares for sale at such drastic discounts (often listed for $1 - $100) is because the current owners are no longer able to afford their maintenance fees and simply want the property off their hands. Sounds great, right? Well, that depends.

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Will your timeshare save you even more this year? According to MSNBC, ConTech Construction and Travel & Leisure, 2012 may be the year of the timeshare makeover. Restoration projects by ConTech Construction are set to save owners at the Royal Floridian Resort in Ormond Beach, FL thousands in maintenance fees. The project was so successful, it was named the 2011 “Project of the Year” by the International Concrete Repair Institute; the first time a timeshare has ever won this award.


Perspective Magazine reports:
Since the renovation, the resort’s rental revenues have experienced a 22 percent increase generating $52,000 over budgeted revenues. The electricity consumption has decreased by 25 percent, corresponding to $40,000 savings in only 9-months. The association hospitality expenses (guest compensation for problems related to the resort amenities) have decreased by 50 percent compared to 2009.  Maintenance payroll also decreased by 24%, due to fewer problems and service calls from guests. Read the full article here.

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