FAQ - Frequently asked questions
Timesharing Style is a bilingual (Fr/Eng) online resource center for timeshare owners - sellers and buyers. Our primary goal is to provide comprehensive information on current timeshare trends while assisting timeshare owners with resales and closing services. Over the years, Timesharing Style has developed customized solutions to help and assist timeshare owners towards compensation and definitive solutions, free exchange and Trade-in options.
We believe timeshare resales offer a great opportunity for the savvy travelers of today to get acquainted with the timesharing concept. We also believe that timeshares for sale by owners offer great benefits to today's young families who wish to secure quality time on yearly vacations at a fraction of the cost. We offer consumers buying advice articles and free online webinars to find out more about the general concept of timeshares, the mechanics of timeshare exchange and the various use of many vacation-ownership products available on the secondary market.
As your lifestyle has changed over the years so has the concept of timeshare. What once worked for you may not work today. Visiting Walt Disney World may have been your motivating factor to buy a timeshare in Orlando 15 years ago but today the kids have grown and personal circumstances in your life have changed and so have your needs in traveling. It is not uncommon to find timeshare owners who have acquired over the years several styles of timeshare properties and now are willing to sell or trade their timeshare for something more adapted to their needs.
There are hundreds of timeshare properties sold worldwide everyday. Since its inception, the Vacation Ownership Industry has been one of the fastest-growing sectors in the hospitality industry. The vacation ownership/timeshare industry continues to grow at an ever-increasing rate with proven family quality time values in mind.
Be assured that Mother Nature is not creating any more shorelines or mountains. Visiting these beautiful destinations worldwide is becoming increasing difficult and more cost-prohibitive than ever before and this is why timesharing continues to work for the savvy traveler.
Now with a resale market being more prominent in the field today, competitive prices can benefit a wider range of travelers in terms of accessibility.
When purchased on the resale market, consumer can benefit of approximately 50% discount off the developer's prices! You will enjoy all the benefits that the developer would offer with great savings.
Today, it is estimated that more than 9 million US households own one or multiple Vacation Ownership Products. According to ARDA (American Resort Development Association) 2016 survey on the latest timeshare owners profile, the average age of today's timeshare owners is 46.8 years old. The majority of timeshare owners are married at 68%, and, although ethnically diversed, 60% of timeshare owners are caucasian. Approximately three in five timeshare owners are employed full-time, with nearly three in 10 working part time or retired.
The first thing you should do is to contact your home resort. First, they may have in place a buy-back program that will facilitate your taking back your ownership. However, most of the times these buy-back programs do not offer much in return on your initial investment. Second, they may refer you to legitimate resales companies they have dealt with in the past and have shown proven results. Third, do your research. you can start by listing it on free local classified websites, and see what kind of response you get. If not, many legitimate online resale companies will offer assistance in marketing and closing services that target timeshares buyers. However, most of them are not free and will charge an advertising or a set-up fee.
As a word of caution, you should stay away from unsolicited companies offering you guarantee to sell your ownership for top dollars. As a rule, timeshare resales are sold at a depreciated value (sometimes 50% off or more) from their initial retail price. So don't fall for those promising you more than you've paid for initially. They usually require thousands of dollars from you as a closing cost prior to going ahead with the transaction. They will often require the payment to be sent abroad through international money transfers and you will have no way to recup your money... so beware. If in doubt, contact your resort and check with them. They may have received complaints from other members about the same company.
Depending on what you own, it may take a while before you find a buyer. High-demand luxurious resorts in most sought-after locations are generally sold fairly quickly on the secondary market. However, this is no guarantee. Keep in mind that the timeshare resales segment of the Vacation Ownership Industry still remains very unpredictable and susceptible to economical factors of supply and demand. If you started at a high price, it may be overpriced compared to what is found on the market. Consider lowering the price.
Also, the resales market is very much susceptible to supply and demand. If you own a beautiful resort in a popular destination for which there are a lot of resales on the market, it may be difficult to obtain a high priced value. Consider lowering the price to a bare minimum around 2000 to 3000$.
Finally, keep contacting your resort. They may have come up with a buy-back program or a decent Exit solution for their owners. It may be time for you to consider this last strategy if your program has not sold after a few years on the market, especially if it has been listed at a low price.
We have come to understand that it is not enough for timeshare owners to advertise their program at a ridiculously low price in order to sell their program. Even though the timeshare resale market offers substantial discounts, it is important to re-sell at a price that is fair to both sellers and buyers. Our services are basically geared to assist sellers in selling their program but especially designed to assist buyers to make the right choice for the best program to suit their needs and budget. We believe in full disclosure of information to the experienced timeshare user or first time buyer, and assist them all along the acquisition process and importantly after their purchase. And, these are services that sellers need not preoccupy themselves with in order to achieve the sale of their timeshare.
Moreover, it is necessary to use the services of a third party especially when it comes to the monetary portion of the transaction. As closing procedures require some time and monies need be paid prior to transfer, the use of an in-trust account is a must for all parties involved.
Timesharing Style’s services are non-exclusive and owners can deal directly with potential buyers using our expertise when needed along the way. In addition to our resource centre sellers can use additional methods to assist them when and wherever needed.
We create massive specialized exposure for owners’ properties at the national and international levels featuring timeshare program for rent or for sale in both Canada’s official languages for the convenience of the North American and European markets.
We use from time to time other means of advertising such as direct mail, regional newspaper advertisement, and various methods of e-marketing to make sure our website gets the most traffic and exposure.
Timesharing Style’s management and personnel is committed to ensure a customer service that is geared to achieving results.
Get your free market analysis of your timeshare’s worth
The Original Purchase price of most timeshare units, purchased directly from the developer or marketing company, includes the cost of marketing.
This cost to the developer or marketing company can range from thirty percent to fifty five percent of the purchase price. This price includes the cost of gifts and other promotions used to entice prospective purchasers to view the timeshare development.
It is also important to contact your own resort to find out about the cost and conditions of ownership transfer. This added cost can reduce your timeshare net value and must be taken into consideration in setting the resale price.
Every timeshare has its own value on the resale market. The market demand for your property, its location, convenience, size of accommodation are still determining factors before a price can be set. At the end, however, the net value you will receive for your timeshare will depend on the potential buyers. For more about selling your timeshare, see our articles: How to sell your timeshare yourself
Does your timeshare or vacation ownership come with a deed or is it a right to use? Important to note is that right to use (RTU) normally sells for lower amounts since they normally run for a set period of years and lose value as they “wind down” towards the end of their term. However, this is not always the case and some purchasers are looking for shorter programs and we can advise on this point.
Ensure you have all documents that pertain to the timeshare/vacation ownership, including mortgage/loan information, tax records, annual fees, other related material such as owner’s kits and any mail outs the developer sends you.
We’re located in the popular and beautiful Québec Laurentians in the village of St-Sauveur des Monts. This location attracted us first because of its high rate of visitors from Montréal but also from other parts of the Province of Québec, the rest of Canada and the world.
The Quebec Laurentians is ranked 3rd in all the Quebec regions after Montreal (6,478,000) and Quebec City (5,288,000) to be the most visited by tourists. In 2006, the Laurentians alone welcomed over 2,808,000 tourists. Between 2000 and 2004, an increase of 45.5% in number of tourists was registered in the Laurentians.
St–Sauveur welcomes an ever increasing amount of tourists annually and this is one of the reasons we have conveniently located in the heart of St-Sauveur.