Buy a Timeshare Supports Efforts to Improve Timeshare Resale Best Practices December 21, 2010
Posted by John Stephens in : ARDA , trackbackMany of you involved with timeshare may not realize that there is a national association charged with advocating on behalf of the industry. The American Resort Development Association (ARDA) is the non-profit group that works with the companies involved in timeshare and undertakes lobbying efforts with state and local governments to improve the regulatory standards that govern how the industry operates. And because timeshare is regulated by the states, this can be a very tedious process.
ARDA, of which BuyaTimeshare.com is a member, has been working with its members for over a year to establish a model timeshare resale act that the group can offer to states as a template to use to develop regulatory standards governing timeshare resales. In November, the ARDA Board of Directors approved the much-debated model act, which will now be available for ARDA staff to use beginning with the 2011 legislative season.
For people looking to sell timeshare or buy timeshare, living in states with a lack of regulation can leave them open to operators looking to take their money and not provide the promised services to those consumers. There are definite regulatory gaps that need to be plugged and BuyaTimeshare.com supports efforts by ARDA to improve consumer protection guidelines.
“Some companies are telling consumers that they have a buyer waiting to buy their timeshare, then the consumer pays them upwards of $3,000 to pay closing costs and nothing happens,” said Wesley Kogelman, president and CEO, BuyaTimeshare.com. “No seller should pay closing costs in advance of a sale and, in the majority of cases, the buyer pays the closing costs anyway. And sellers should never do business with a company who says they have a buyer waiting.”
If you are looking at advertising your timeshare for sale, you should do your homework on any company you’re thinking of using for your advertising. For example, ask them how they plan to attract buyers who are looking to buy timeshare.
“In the case of Buy A Timeshare, we spend an enormous about of time and money on internet search engine optimization, which is why we rank on page one of Google for word searches such as ‘timeshare’,” said Kogelman. “Last month alone over 800,000 people searched for the word ‘timeshare’ on Google and anyone doing business online must rank on page one to have any chance of success.”
So far in 2010, we have received over $52 million in legitimate offers from people looking to buy timeshare or rent timeshare from our advertisers. Our company tracks every inbound offer, verifies it by contacting the person making the offer, and forwards the qualifying offer directly to the owner.
“The key to the success of any business in the resale sector is finding buyers,” said Kogelman. “We rank number one for organic searches on Google, Yahoo and Bing for the term ‘buy timeshare’, so consumers looking to buy the product are going to find us.”
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