Timeshare - The Right Size Piece Of The Retirement Nest
Besting #3: Timeshare - Smaller, Nimble Slices There is a saying in the Timeshare industry, "Timeshare is not bought; it's sold.
" For many people this is a stigma of timeshare; the sales rally meetings with a podium pitch and high-pressure salesmen harassing until you sign the purchase agreement.
This is yesterday's timeshare, as the industry has worked hard to mainstream this product and explain the benefits without all the high-pressure hype.
This is not to say there are no timeshare sales boiler rooms in the USA today, but the industry has exponentially improved.
According to The American Resort Developers Association, which helps Shepard the timeshare industry, customer satisfaction levels with the product is in the high 90% range, and many owners have purchased additional timeshare.
The U.
S.
Timeshare industry is a trillion dollar market and has been growing at a double digit pace for year after year.
Timeshare is generally distinguished from fractional by the amount of 'time' you own.
Traditional timeshare is one week of ownership time, or a 1/52 share of the real estate.
Such a 1/52 share of the ownership of a piece of property may seem small, until you realize that the average American gets 2.
4 weeks of vacation annually.
In this context, 2 weeks of timeshare may accommodate most people's second home usage.
Can timeshare also play a role in the Besting phase of life, when the work life is nearly over, and people have more time to recreate and vacation? The economics of owning multiple weeks of retirement instead of a second home or a full time retirement residence in a sunny locale may be appealing.
Consider the following attributes of timeshare: oTimeshare presently sells for $5,000 to $20,000 per week of ownership, 2 months in the prime sun would only cost $35,000 to $140,000 to own oYour ownership is often tradable for as many as 4,000 locations worldwide, so you will never get bored of visiting the same place winter after winter.
oTimeshare dues include real estate taxes and insurance.
Maintenance is hassle free beyond writing checks, and if you don't use your time rental options often allow you to offset expenses of ownership.
If your desire is to enjoy multiple locations during retirement, for 1-4 weeks at a time, living in a series of timeshare resorts and condos may be absolutely perfect.
For longer than 4 week periods of time and ownership, fractional will often be a better value.
Owner surveys reveal that opportunities for trading your 'home resort' time for 4,000 other locations is one of the motivations to buying timeshare.
Besters will find timeshare as a way to lock in the cost of ownership in key locations that they want to spend time in during retirement.
Timeshare may be purchased as an add-on to other forms of vacation home ownership; maybe a Bester will own a primary home, a winter home and a couple weeks of timeshare to mix it up.
this is an expert from a new book: "Besting - Better Nesting" http://www.
betternesting.
com
" For many people this is a stigma of timeshare; the sales rally meetings with a podium pitch and high-pressure salesmen harassing until you sign the purchase agreement.
This is yesterday's timeshare, as the industry has worked hard to mainstream this product and explain the benefits without all the high-pressure hype.
This is not to say there are no timeshare sales boiler rooms in the USA today, but the industry has exponentially improved.
According to The American Resort Developers Association, which helps Shepard the timeshare industry, customer satisfaction levels with the product is in the high 90% range, and many owners have purchased additional timeshare.
The U.
S.
Timeshare industry is a trillion dollar market and has been growing at a double digit pace for year after year.
Timeshare is generally distinguished from fractional by the amount of 'time' you own.
Traditional timeshare is one week of ownership time, or a 1/52 share of the real estate.
Such a 1/52 share of the ownership of a piece of property may seem small, until you realize that the average American gets 2.
4 weeks of vacation annually.
In this context, 2 weeks of timeshare may accommodate most people's second home usage.
Can timeshare also play a role in the Besting phase of life, when the work life is nearly over, and people have more time to recreate and vacation? The economics of owning multiple weeks of retirement instead of a second home or a full time retirement residence in a sunny locale may be appealing.
Consider the following attributes of timeshare: oTimeshare presently sells for $5,000 to $20,000 per week of ownership, 2 months in the prime sun would only cost $35,000 to $140,000 to own oYour ownership is often tradable for as many as 4,000 locations worldwide, so you will never get bored of visiting the same place winter after winter.
oTimeshare dues include real estate taxes and insurance.
Maintenance is hassle free beyond writing checks, and if you don't use your time rental options often allow you to offset expenses of ownership.
If your desire is to enjoy multiple locations during retirement, for 1-4 weeks at a time, living in a series of timeshare resorts and condos may be absolutely perfect.
For longer than 4 week periods of time and ownership, fractional will often be a better value.
Owner surveys reveal that opportunities for trading your 'home resort' time for 4,000 other locations is one of the motivations to buying timeshare.
Besters will find timeshare as a way to lock in the cost of ownership in key locations that they want to spend time in during retirement.
Timeshare may be purchased as an add-on to other forms of vacation home ownership; maybe a Bester will own a primary home, a winter home and a couple weeks of timeshare to mix it up.
this is an expert from a new book: "Besting - Better Nesting" http://www.
betternesting.
com
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