Mar 31
The number of owners who are trying to get out of their timeshares may not be that high these days and the economy is slowly recovering. For some timeshare developers, this would be a great time to expand their operations. One of this timeshare companies is the Aspen Club and Spa which recently proposed to expand its operation. But the proposal faces some community issues and to overcome such oppositions, the said company has stated a number of promises to the area involved.
The Aspen Club and Spa timeshare expansion proposal includes a provision that would give every city of Aspen employee a free one-year membership if the club fails in its commitment to have valley locals comprise at least 50% of the membership rolls. This is just one of the proposals which were outlined in the latest version of the club’s application to add 20 timeshare units, 12 affordable housing units and 41 parking spaces to its site at the end of Ute Avenue.
Meanwhile, other concessions include a promise to reduce the club’s energy consumption, despite its increase in size. In the proposed ordinance which grants the expansion, it requires that the club submit to energy audits. According to Aspen Club and Spa LLC managing partner Michael Fox, there will be $2 to $3 million in upfront investment in better energy systems, such as a ground source heat pump. On the other hand, the club is also promising to not increase car trips on Ute Avenue, despite the 71 new bedrooms proposed for the property between the timeshare condos and the affordable housing units.
Currently, the owners who are getting rid of their timeshares may be slowing down along with economic recovery. For some timeshare companies, this is a great potential to expand their operations. And for Aspen Club, although there may be oppositions regarding their proposal for expansion, they are determined to win this. Those concessions and promises have been put on the table by the Aspen Club in an effort to win council and community approval.
Mar 30
In Connecticut, owners who want to get out of their timeshares by selling it are recently warned by the Connecticut BBB about unscrupulous timeshare resellers who ask for thousands of dollars in upfront fees to cover closing costs for deals that never come to fruition. As the scams are very prevalent in this industry, such owners are susceptible to these offers that are too good to be true.
As a result of the current economic condition, selling timeshares has become a popular option for families looking to reduce their expenses and build up cash reserves. On the other side, there are also many fewer consumers who are buying timeshares for sale on the market. However, timeshare sales dropped 40% in 2009 according to the American Resort Development Association.
Some of the companies that have F ratings from BBB are Resorts Condo Management, Creative Vacation Solutions, Platinum Property Exchange and Premier Timeshares Solutions. These companies are said to convince a number of timeshare owners that interested buyers are already lined-up and that the sellers had to pay thousands of dollars in upfront fees for closing costs. But the said promises were never materialized.
Meanwhile, the Better Business Bureau has some tips for those owners who want to get rid of their timeshares by selling it. First, you may visit bbb.org and get a report on BBB Accredited Business timeshares. Review reports on all companies in this industry and compare their ratings. Also confirm licensing requirements as some timeshare resellers will use fake addresses or PO boxes to mislead timeshare owners. Verify this with the state licensing board. Moreover, don’t fall for the hard sell or an offer that sounds too good to be true as unscrupulous timeshare resellers may claim that your property is in demand and they can sell it immediately. But unfortunately, these promises are often empty.
Mar 17
A blog linking timeshare selling/ timeshare presentation with St. Patrick’s Day with a rainbow-pot’o'gold analogy.
Mar 09
Why “Today only” isn’t a as straightforward as you think.
Mar 08
Tools of the trade used in timeshare presentations.
Mar 04
Every state has different laws regarding timeshare contracts. Checks carefully before you buy.
Mar 01
The BBB is designed to protect consumers from fraud.
The number of owners who are trying to get out of their timeshares may not be that high these days and the economy is slowly recovering. For some timeshare developers, this would be a great time to expand their operations. One of this timeshare companies is the Aspen Club and Spa which recently proposed to expand its operation. But the proposal faces some community issues and to overcome such oppositions, the said company has stated a number of promises to the area involved.
