Solid Timeshare Buyer and Rental Offers for the First Quarter of 2011 April 26, 2011
Posted by John Stephens in : General, Hawaii timeshare, News & Events, Ritz Carlton , trackbackAnother solid number of timeshare buyer and rental offers were placed through the BuyaTimeshare.com website during the first quarter of 2011, indicating an upturn in the secondary market and proving once again that buyers and renters are using our services.
We provided $24,981,836 in qualified offers during the first three months of this year to owners who advertised their timeshare for sale or rent on our website. Over 3,000 confirmed offers were sent through BuyaTimeshare.com as legitimate offers to advertisers, which is ahead of the offer activity for last year and a solid indication that more people are looking to buy timeshare and rent timeshare in 2011.
Because BuyaTimeshare.com is a “for sale by owner” website, offers placed on properties advertised on our site are passed through to the owner of the property. However, because of technical advances to our website, we can automatically validate those offers and make it possible for the company to substantiate these offers in order to prove that activity is taking place on the secondary market.
“Our software and proprietary algorithm allows us to track offers to make sure they are true offers from legitimate buyers and renters,” said Wesley Kogelman, president and CEO, BuyaTimeshare.com. “We want to make sure those offers get into the inboxes of prospective buyers and renters because without them, we don’t have a business.”
Our average buyer offer of $18,599 was just below the $20,000 average price of a new timeshare interval, showing excellent value for people looking to sell timeshare and demonstrating that valuable inventory does exist on the secondary market.
Of the total offers, rental activity was considerable with the BuyaTimeshare.com website generating $1,937,182 to rent timeshare across 1,853 offers. That average $1,045 rental price would generate excellent income for owners looking to offset maintenance fees.
“Our resale model is clearly working for our advertisers as well as buyers and renters,” said Kogelman. “When owners can sell and rent their property, then our site is working not only for their benefit but for the benefit of those buyers and renters looking for value in our inventory as well.”
The inventory comes from some of the most desirable timeshare resorts in the world such as Westin Ka’anapali Ocean Resort Villas in Hawaii and Ritz Carlton Club Aspen Highlands in Colorado. You can find this inventory and much more on the BuyaTimeshare.com website by clicking here.
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